Essays on Oil

The economic rent of a natural resource equals the value of capital services flows rendered by the natural resources. The main resource rent of the MENA region is on oil and gas. The rental and Real Estate Property Market of most of the MENA region...

MOTIVATION FOR CHOOSING THE TOPIC This topic treats the oil market as an oligopoly with a competitive fringe. The oligopoly is assumed to consist of Egypt, Oman, Mexico, Malaysia and Norway plus all OPEC members. The remaining oil producing countries are included in a fringe...

Soy wax candles are made from hydrogenated soybean oil making them a natural product. Soy wax is a cheaper alternative to using beeswax and creates a long and clean burning candle. Soy wax candles can be combined with different fragrances and essential oils and come...

The article, written by Stephanie Aglietti, describes a small African country, Rwanda’s extraordinary efforts in growing its essential oil industry. It is divided into three parts, starting with general information of the country’s industry, followed by a more detailed look on a specific company, then...

Palm oil is one of the world’s most popular vegetable oils. Used in most consumer goods, this particular oil may be cheap but it comes at a tremendous cost to the environment. Palm oil has been linked to many environmental, animal, and human rights violations...

Fiscal policy plays a crucial role in Saudi Arabia as the main vehicle through which the country’s oil wealth is converted into economic outcomes and distributed for the benefit of the population. The Saudi Arabian economy has always been based on oil revenues. Changing this...

The Organization of Petroleum Exporting Countries (OPEC) is a group consisting of 12 of the world’s major oil-exporting nations. OPEC was founded to coordinate the petroleum policies of its members, and to provide member states with technical and economic aid. In the short term, the...

Energy utilization of the whole world has achieved by using natural resource like coal, natural gas and petroleum diesel for a long period of time. Continuous using up of those nonrenewable energy source leads to running down the reserve. In addition to this environmental problems...

Vitamin C has many benefits for our health, including prevention of common cold, but it is not yet confirmed, with more evidence needed to support such suggestion. However, research studies stated that vitamin C can reduce the severity of common cold’s symptoms, especially nasal discharge,...

Pure argan oil is derived from the nut of the argan tree and is considered extremely precious for its unique qualities. For many centuries Moroccan women have used it as part of their beauty routine for healthy, smooth skin, silky hair and strong nails. Argan...

Glimpsing your home with it health benefits by reducing chemical exposure of commercial air fresheners and increased exposure to the healing properties of it. With so many opitons available, you can customize smells according to their needs and preferences. For example, if you suffer from...

Many of us would like to own an inexpensive and effective product that can be used for self-care. Forget spending money on fancy and pricey items and keep a jar of castor oil in every room of the house as a go-to remedy for just...

Using advanced analytics approach to mine data for formation evaluation in the reservoir The fundamental thought of repository assessment is taking full favourable position of different materials including large logging information to assess repository properties, for example, assessment for the amount of oil, strata characterization,...

A scientist can truly be viewed as revolutionary when their di Robert Andrews Millikan was born on the 22nd of March in 1868 as the second son of Reverend Silas Franklin Millikan (Father) and Mary Jane Andrews Millikan (Mother) in the town of Morrison, Illinois....

The reading examined the transition from biomass to charcoal and ultimately to liquid fuel. The age of biomass relied heavily on charcoal, wood, and crop residual for fuel. Unlike the biomass fuel, the coal age introduced fuels that were more efficient, and this ultimately led...

The purpose of the oil processing unit is to provide free water removal and coalescence of entrained water particles to allow the oil to meet pipeline specifications for that area in which the unit is recommended and installed. Hetaer treater uses method of heating, chemical...

Since we started to use massive quantities of oil, the price has gone up and down significantly. The main reasons are the demand of the market, and the supply from oil fields and their locations, as we know friction between countries has been one of...

Transition of world from an oil dependent society to the one without oil seems to be kind of impossible if thought given, today in 21st century we are so dependent on oil and gas that a day without using the same seems to be so...

Theoretical Background Southeast Asia is the largest producer of palm oil, where planted area and production of palm oil has increased rapidly since the 1970s. The most significant increases in production which account for around 85% of global palm oil production occurred in Indonesia and...

Over a time period of three months an experiment will be carried out to investigate the effects of Eucalyptus oil on weeds and possibly pests. An area with plants affected by pests and weeds will be found by looking for damage to plants affecting their...

How much oil is actually left on Earth? When will we run out? These are questions that people don’t usually think about. Humans are so used to things just working all the time; it is hard to even think about something running out. The truth...

In South Africa, there are several different petrol station franchises. According to BusinessTech, the most popular petrol stations in 2017 were Sasol, Shell, Engen, BP, and Caltex. While Engen has the largest network of fuel stations among these, Sasol attracted more customers as they drove...

In the course of the most recent a half year, the cost of oil dropped from $110 to its present cost of simply over $60 a barrel. Therefore, there were three separate petrol value cuts in South Africa, from simply over R14 per liter in...

Ocimum basilicum L. (Lamiaceae) also known as sweet basil or basil is commonly used as a spice and a typical ingredient of the healthy diet. It is cultivated in several regions Asia, Africa, South America, and the Mediterranean. The essential oils of this herb are...

The threat of new entrants, which refers to the force of new potential competitors, in the oil and gas industry is extremely low due to high start up costs, oil price volatility, high operating costs, high amount of government policies and regulations and the not...

Economists often cite OPEC as a textbook example of a cartel that cooperates to reduce market competition, but whose consultations are protected by the doctrine of state immunity under international law. However, their influence on international trade is periodically challenged by the expansion of non-OPEC...

The Organization of Petroleum Exporting Countries (OPEC) is a group consisting of 12 of the world’s major oil-exporting nations. OPEC was founded in 1960 to coordinate the petroleum policies of its members, and to provide member states with technical and economic aid. OPEC is a...

As explosion burst and oil leaked into the ocean. Billions of dollars rushed to the surface and water seemed to be on fire, but only oil burned. The uncontrollable fire burned up the derrick of Deepwater Horizon ,48 miles off the coast of Louisiana. British...

Crude oil is considered to be a non-renewable power source due to the fact that it was created when the remains of algae was heated under pressure by the earth over millions of years. The long-term process makes it very limited to find, as it...

Outside of coatings, there are also different types of varnishes to consider. A varnish is a thin protective layer that is applied to a printed sheet for protection or appearance. This coating has two options: UV- or aqueous-based. For packaging purposes, varnishes are essentially a...