Crude Oil: Black Gold or Black Menace?
Saturday, March 14th, 2009Crude Oil: Black Gold or Black Menace?
With all the publicity nowadays surrounding the price of Crude Oil, I resolved to write an enlightening article on the backdrop of the so-called “Black Gold.” I’ll briefly go over history, environmental effects, pricing and the future of the thick black sludge that is coveted by every major economy in the world. Hopefully you can reach a better point of view on the subject.
The history of Crude Oil is too immense to discuss in this brief editorial so I will limit it to a general overview. The first oil wells were drilled in China in the 4th century. They where as much as 243 meters deep and were drilled utilizing drill bits attached to bamboo poles. The contemporary history of crude began in 1846, with the breakthrough of the process of refining kerosene from coal by Atlantic Canada’s Abraham Pineo Gesner. The first rock oil mine was built in Bobrka, Poland the following year. These breakthroughs rapidly spread around the world, and Meerzoeff built the first Russian refinery in the mature oil fields at Baku in 1861.
James Miller Williams in Oil Springs, Ontario, Canada in 1858, excavated the first commercial oil well drilled in North America. The American petroleum industry commenced with Edwin Drake’s discovery of oil in 1859, near Titusville, Pennsylvania. The industry matured slowly in the 1800s, driven by the demand for kerosene and oil lamps. It became a major national business in the early part of the 20th century. With the introduction of the internal combustion engine came a need that has largely sustained the industry to this day.
While we all need to get to work in some way or another, rarely does anyone consider the environmental effects of the fuel that powers our mode of transportation. Yes we know that the emissions from are cars, buses and trains have a green house effect on our delicate environment; but what about the rest of our ecology?
Oil extraction is costly and occasionally environmentally detrimental, although Dr. John Hunt from the Woods Hole Oceanographic Institution revealed in a 1981 paper that over 70% of the reserves in the world are associated with visible macroseepages, and numerous oil fields are found due to natural leaks. Offshore exploration and extraction of oil agitates the encompassing marine environment. Exploration could call for dredging, which stirs up the sea bottom, stamping out the ocean plants that nautical creatures need to survive. Not to mention the typical Crude Oil and refined fuel spills from tanker ship accidents. All of these factors have tainted frail ecosystems all over the world.
Petroleum products are priced like most commodities: supply and demand. While this may sound simple, the actual start to finish process can be a lot more complex subject. References to oil prices are generally related to the spot price of either WTI/Light Crude as traded on New York Mercantile Exchange (NYMEX). Priced by the barrel, Crude Oil is rapidly becoming the most costly commodity on the market (second only to Gold).
Oil pricing is extremely reliant on both its grade and location. The vast majority of oil will not be traded on an exchange but on an over-the-counter basis, typically with reference to a standard crude oil grade that is quoted via a pricing agency such as Argus Media Ltd or Platts. It is often claimed that OPEC arranges the oil price and the real monetary value of a barrel of oil is in the area of $2, which is equivalent to the cost of extraction of a barrel in the Middle East. These appraisals of costs disregard the cost of finding and developing oil reserves.
You can’t talk about the future of oil without talking about the “Hubbert Peak” oil theory. This hypothesis depicts the long-term rate of production of conventional oil and other fuels. It assumes that oil reserves are not replenishable. It also predicts that future world oil production must unavoidably reach a crest and then decline as these reserves are exhausted. Like every other theory of any importance it is highly controversial. “When will the Oil actually start to run out?” is the big question.
No matter how you look at it, our society needs to concentrate more efforts on either alternative fuels or more fuel-efficient modes of transportation. While I’m sure that the oil won’t peter out in my life time I would like to think we can leave this world a better place for future generations.
In closing, I hope this article has given you a better understanding of the topic and made you a more informed consumer. So the next time your grumbling at the price of gas, at least you’ll understand what you re complaining about. If you would like to read more on the topic of Crude Oil, you can vistit http://www.crudeoilrefineryhome.com/ or read one of the books listed at the end of this article.
Books about the petroleum industry:
James Howard Kunstler (2005). The Long Emergency: Surviving the Converging Catastrophes of the Twenty-first Century. Atlantic Monthly Press.
C.J. Campbell (2004). The Coming Oil Crisis.
Peter Odell (2004). Why Carbon Fuels Will Dominate the 21st Century’s Global Energy Economy. Multi Science.
Amory B. Lovins (2004). Winning the Oil Endgame. Rocky Mountain Institute.
Vaclav Smil (2003). Energy at the Crossroads : Global Perspectives and Uncertainties. The MIT Press.
Stephen Nelson is a professional commodity trader that specializes in the energy market. http://www.crudeoilrefineryhome.com/
Little Things You Can Do To Save Money On Car Fuel
Nowadays, car fuel prices are on the rise and consumers are suffering. Gone are the days when you can carelessly drive your car without worrying about burning up too much gas.
There are important procedures that you, as a car owner, can take in order to improve gas mileage. The following are practical tips to conserve gas:
Close Windows - Windows that are open can create air drag that can decrease the fuel consumption by 10%.
Avoid Bumpy Roads - Rough roads should not be taken as much as possible. Dirt, bumps, rough roads and gravels can cause 30% increase in fuel consumption.
Keep Your Car Light - Take out unnecessary baggage. The trunk should be kept clean, any gadget, tools or loads that are not needed should be taken out. 100 pounds of extra baggage can affect fuel economy by two percent.
Drive Efficiently - Just drive reasonably within the speed limit. Remember that speeds of more than 60 miles per hour increase fuel consumption. Do not do sudden starts, accelerations and stops. Acceleration should be done gradually. The gas pedal should not be stepped on more than one fourth of the way down. This will allow the engine to function most efficiently. Gas conservation could reach up to 5 percent if sudden stops, jerks and accelerations are avoided. Make use of gears for overdrive and cruise control as needed.
Check Your Car Regularly - The car should always be maintained. The engine should be given a regular tune up, the tires should always have the right air pressure and efficiently aligned, the oil should be changed when needed and air filters replaced regularly. Clogged filters can affect gas consumption adversely by up to ten percent.
Don?t Burn Gas Unnecessarily - Turn off the engine whenever there is an opportunity. Idle engine wastes fuel. There are instances where the engine could be turned off; stopping for gas, waiting for someone, changing tire pressure, caught in traffic and a lot more.
Don?t Warm Up Too Long - Lengthy warming up of the engine should be avoided. 30 to 45 seconds should be enough time. Also check if the automatic check is removed after warming up the engine. This is usually stuck which could usually cause poor gas and air combination.
By following these simple tips, you will be surprised at how much money you can save on your car fuel. And guess what? The money really adds up if you continue to follow these simple practices for conserving car fuel!
Dr. Drew Henry owns a network of auto-related websites, including <a href="http://www.carsandtrucksecrets.info">Cars And Trucks Secrets</a>, <a href="http://www.carrimsecrets.info">Car Rim Secrets</a> and <a href="http://www.caraudiosecrets.info">Car Audio Secrets</a>. Visit his sites today!
Is there Kentucky Fried Fuel in your Future?
Thanks to a weird marriage between the National Renderers Association, the people who turn animal fat into useful products, and the Environmental Protection Agency’s Office of Air Quality Planning and Standards , there is a possibility that your car could be burning chicken or other animal fat in the next few years.
That’s because these two agencies have been working together to advance the development of petroleum-based fuel alternatives known as “biofuels”. According to a jointly issued report, yellow grease, lard, recycled cooking fat, and other animal-derived products have been shown in tests to perform as an acceptable alternative to fossil fuels.
So far the fatty fuels have been tested in boilers, trucks, busses, and some automobiles. The results have been pretty impressive. In fact, the EPA has issued guidelines for companies who want to convert to biofuel to run their factories, power generating plants, and diesel engines. The guidelines spell out what fuels can be replaced by biofuels and what incentives the government is offering to those who take the leap. You can read the guidelines here at the EPA site (http://www.epa.gov/ttn/oarpg/t3ed.html).
None of this alternative fuel talk has escaped the attention of the automobile manufacturers, big oil companies, or environmental groups. Everyone is looking at the possibilities in order to find a way to make some money when all is said and done.
Some people are doing more than looking, however. One school district in Georgia is running their school busses on chicken fat, and some trucking companies are converting their diesel engine to burn vegetable oil. It all seems to be working out quite well. Of course, there will probably be a vegetable shortage next, and we’ll see Crisco hitting $5.00 per tub!
Although it’s not likely that your next off-the-lot car will have “finger licking good” exhaust fumes, there is a great need to develop fossil fuel alternatives. Researchers aren’t just working with animal renderings and vegetable oil either. Experimental research is being conducted with hay and agricultural wastes as well. Even chicken “droppings” are getting burned.
Some companies are developing conversion kits that will let ordinary gasoline engines run on animal fat or vegetable oil. The average cost for a conversion kit runs around $1,000, but the savings can add up pretty quickly when you consider that many restaurants are giving away their used fry grease for free.
The main problem is finding ways to produce good mileage results and developing engines that are able to handle the effects of non-petroleum fuels. These aren’t overwhelming problems, but they still must be addressed before biofuels become mainstream. And for the conspiracy theory fans among us, there is always the possibility that “big oil” will do everything it can to stop biofuels from replacing their coveted black gold.
While having to scrounge around for buckets of fat, or scraping road kill from the Interstate might slow down your travel plans, there will come a time when biofuels will be flowing from your neighborhood service stations as freely as grease from a fried chicken platter.
Diane Nassy is the founder of <a href="http://www.save-on-gas-prices.com">http://www.save-on-gas-prices.com</a> . Visit her website for great tips on ways to save on rising gas prices. Email : <a href="mailto:httpdeeljeabiz@gmail.com">deeljeabiz@gmail.com</a>
Save some gas money
Conserving gas is not just a great way to save money, but is also our duty to the planet on which we live. You’ll be surprised to read how easy it can be.
Keep it healthy
One of the main ways to keep your miles per gallon at their most optimum is to keep your car well maintained. Read your owners manual and follow the schedule it lays out for every thing from oil changes, to total system flush and overhauls. Many dealerships and service stations will remind their customers when it’s time to service their vehicle, taking the guesswork out of maintenance records. Ultimately a car in good condition runs better, requiring less gas to perform.
Tire condition is another factor many people don’t consider. Keeping tires properly inflated will ensure that the engine doesn’t waste fuel and will prevent tire tread from wearing unevenly.
Get more exercise
Very few people can honestly say they don’t need more exercise, we should embrace the high gas prices by walking and biking to all of our close destinations. Not only is this good for our bodies and the environment but on our wallets as well, it costs nothing to use our feet.
Another easy option is living near work, whether it means relocating to eliminate a commute or by finding work close to your home. While it is not an option for many people it is important to weigh options, the cost of the commute could be the justifying factor to eliminate commutes from your life altogether.
Membership and credit
Some gas stations offer credit cards and/or programs that earn you money towards gas for every dollar you spend, instead of cashing in on those frequent flyer miles, try getting a break on gas instead. Over the long haul chances are it will save you money.
Make wise purchases
It should be a no brainer, but lets hope the next car you buy will be more fuel efficient and cleaner for the environment. Some of us will go super extreme and buy electric hybrids or attempt to turn a diesel into a bio diesel and eliminate the need for petrol. Others will buy smaller cars, and the new and used car market for smaller 4 cylinder vehicles will reflect this fact. Suddenly the safety that the bigger vehicles offer translates directly into money wasted on gas for many families.
Plan ahead
Wasted trips use gas unnecessarily. Before leaving the house to run errands, be sure you have a list of everything you need to get accomplished. Taking a moment to establish the most effective route can save you dollars on wasted idle time and retraced steps. Most of the big search engines offer directions and maps giving the shortest route to your next destination. Note: None of the map services are known for their reliability so use them for guidance purposes only.
Parking lots
Parking lots are another place where people waste unnecessarily. Being idle is wasted gas, waiting for pedestrians to struggle with carts outside the grocery store wasted gas, waiting for parking spots wasted gas. Head directly to the back of the parking lot, there is more space, less pedestrians and allow for easy in and out because the area is not busy like closer to the store tends to be.
It’s all about using common sense and keeping your machine in good running order. These things make sense on more than just a gas saving level, they will help extend the life of your vehicle in addition to keeping it as safe and clean for use as it can be.
<b>About the Author:</b> My name is Paige Filler and I'm a creative writer with a love of all things that go vroom. I do my homework to bring thought and innovation into everything I write about the auto industry. You can find more of my stuff at <a href="http://www.cash4usedcars.com/" target="blank">Cash 4 Used Cars</a>, and <a href="http://blog.cash4usedcars.com/" target="blank"> this blog.</a>
10 Tips for Improving Fuel Efficiency
1] Slow Down On The highway
Your car is optimized to drive at 40-60mph(80-100km/hr), when you drive 70-80+mph fuel efficiency drops by up to a whooping 33% . Yes 33% , that is not a typo. I had heard this before and thought it was an exaggeration, then I drove the new Chevrolet Cobalt which has a fuel efficiency gauge in it and I saw it first hand, what a surprise.
Is it worth speeding to save 5 minutes off your commute to work so you can just get held up in city traffic? Between the lost fuel efficiency, the extra wear and tear on the car driving beyond optimized speeds and inherent safety concerns I will need a good reason to start speeding on the highway from now on.
2] Cruise In The City
The same idea applies in city driving. Speeding up to make the next red light guzzles gas and is hard on your car. This can decrease fuel efficiency by 5%.
Why hurry up just to make the next red light? Let’s face it, speeding in the city doesn’t get you anywhere’s faster. If you drive like a bat out of hell you might make an extra light or two and chop a mere 2-4 minutes off your commute assuming you make it there alive.
I drive at sane speeds throughout the city while most others fly by me and hard brake at the next red light, I then pull up beside them or even pass them as I may not of needed to stop as the lights are usually synchronized for sane driving speeds not surprisingly (it also takes more gas to get back up to speed than to maintain it). So have some fun watching people fly by you and seeing them at the next red light knowing your car is much better off.
3] Tire Pressure
Here’s one everyone can do easily. It only takes a couple minutes to check your tires pressure. Under inflated tires can result in 3% less fuel efficiency.
4] Link Your Trips/Errands
Plan your trip to include as many destinations or errands as possible. Fewer trips means less cold starts, better fuel efficiency and less driving than multiple small trips.
5] Avoid Unnecessary Idling.
You’re getting 0 mpg for this one. If you’re going to wait 5-10 minutes for a friend give your car and wallet a break.
For those who live in colder climates this is a bigger issue. We all want our cars toasty warm in the winter time when we get inside. Today’s cars really only needs 30 second of idling to warm up even in cold weather, then 1-2 minutes of driving to get it fully warmed up. So bundle up and save yourself a bundle.
6] Maintain Your Car
Inexpensive oil and air filter changes can boost your cars performance and increase your cars lifespan. A blocked air filter can decrease fuel efficiency by as much as 10% and a misfiring spark plug won’t help either. So try to follow your cars service manual.. It beats dealing with an unexpected major repair and major inconvenience..
7] Monitor Your Fuel efficiency
I like to measure how many miles / KM I get on half a tank after filling it up. It’s easier to measure this way as we don’t let our gas tanks completely run dry and its impossible to estimate how much was left when you fill it up again.
You can see how your driving habits affect your fuel economy and if your habits haven’t changed and you fuel economy drops off, then maybe its time for some car maintenance.
Purchasing a fuel consumption gauge (if you car doesn’t already have one) can give you real time feedback and more accurate reading. This provides great instant feedback on driving habits.
8] Remove Unnecessary Items From Your Car
For each extra 100lbs you lose 1-2% fuel efficiency, so get the golf clubs out of the trunk until your next tee off time.
Leaving items on your roof rack also creates extra drag which makes your car work harder, so lock your mountain bikes up till the next trip.
9] Jack Rabbit Starts
Some people like to suddenly accelerate by putting their foot to the floor. This guzzles gas and gives marginal speed improvement to a gradual acceleration.
10] Back Off
Tail gating results in unnecessary breaking and accelerating. Hang back a little more and you can avoid the added stress and save some gas. It’s also safer to drive this way, give yourself an extra second to avoid an accident !
Paul Fezziwig writes for and administers 'Green Cars Now', <a href="http://www.greencarsnow.com">http://www.greencarsnow.com</a> , a website devoted to promoting fuel efficient vehicles and driving habits.
Beware! Don t get cheated in Gas stations
Nowadays everyone has their one vehicle either it may be car or bike, but this makes your need to visit gas stations everyday to fuel up. Since the fast growing automobile population and demand for fuel enriches the petrol pump revenues, there is another stream of underground cheats going around in both major and minor cities around Asia. The technique or cheat seemed to be a black trick way of stealing your valuable penny without your consent. According to my research more than 100 customers in each city have been cheated by this trick including me. These cheats have been playing around with or without the petrol pump owner s concern. No man is so foolish but he may sometimes give another good counsel, and no man so wise that he may not easily err if he takes no other counsel than his own. He that is taught only by himself has a fool for a master. Behind the scene: How actually these workers in gas stations cheat you? Its basically the mode of tactics that when you want to fuel up your vehicle for more than 100 rupees you tend to say in your usual low voice to fill up the tank for same but the worker intentionally seem like unheard and fills up the tank just for 40 or below. So you began to argue him that you wanted it up for 100 or something you asked. This time the worker just presses up a non functional button in the machine showing you up like he was tarring up the count but it remains the same and he fills up the other 60 rupees saying that he has already filled up for forty. You pay him 100 rupees for petrol worth 60 rupees. Also some of them turn your attention down by talking some interesting subjects turning your attention away from the counter. This is all happening because of poor technical knowledge and unawareness of the people. How to be protective from their cheats? Be narrow and cautious while in the petrol bunk and do aware about the counts in the machine. Be frank and bold to ask about your queries. Don t get diverted or give attention to their talks. Follow the quote Cut and Rate. This is your rights and no one s gonna kick you out. Feel free to complaint to the nearest police station or the petrol bunk owner about the cheat. If none of them works then blog about it like I do so that people will be aware about it.
Member of Money Making Forex Forum http://talkgold.com/forum and http://thehyipforum.com
