Fundamentals of Industrial Catalytic Processes - C. H. Bartholomew, Robert J. Farrauto. BioWeb. What’s in store for China in 2012? - McKinsey Quarterly - Economic Studies - Productivity & Performance. 1.
Government policies will spur consumption and investment. These moves will compensate for declining exports and a slumping housing market. To boost consumption, policy makers could pull a number of short-term levers, including tax breaks and rebates, and are likely to raise the minimum wage further. The 12th five-year plan calls for raising household disposable income by 7 percent a year; thus the government may urge large state-owned enterprises to increase wages across the board, which would pressure other companies to follow suit.
Policy makers are also likely to extend a popular program offering rebates on purchases of electronics and appliances. Renewable Energy Tests U.S. IPO Market in First Deal of 2012. Renewable Energy Group Inc.
Our Thinking. Discussions about Energy and Our Future. U.S. to become world’s top oil producer: Goldman Sachs - MINING.com. Who do you think will be the world’s largest oil producer a few years from now?
Saudi Arabia? Russia? Canada with its Oil Sands? Evidently it could be good old Uncle Sam, says Goldman Sachs. And you can thank the Shale Revolution for putting America on top. The Sunday Times in England recently quoted a report released by Goldman Sachs that predicts America will become the world's largest oil producer by the year 2017. (I have to confess, I searched everywhere for this report and couldn’t directly access a copy of it. Using these new parameters, the Goldman report predicts that U.S. daily production of oil will rise to 10.9 million barrels in 2017 from (what the Goldman report allegedly says is) the current level of 8.3 million barrels, according to the Sunday Times. Goldman Sachs' prediction would place U.S. production higher than that of Saudi Arabia and Russia.
N-Butanol. N-Butanol or n-butyl alcohol or normal butanol is a primary alcohol with a 4-carbon structure and the molecular formula C4H9OH.
Its isomers include isobutanol, 2-butanol, and tert-butanol. Butanol is one of the group of "fusel alcohols" (from the German for "bad liquor"), which have more than two carbon atoms and have significant solubility in water. n-Butanol occurs naturally as a minor product of the fermentation of sugars and other carbohydrates, and is present in many foods and beverages. It is also a permitted artificial flavorant in the United States, used in butter, cream, fruit, rum, whiskey, ice cream and ices, candy, baked goods and cordials. It is also used in a wide range of consumer products. The largest use of n-butanol is as an industrial intermediate, particularly for the manufacture of butyl acetate (itself an artificial flavorant and industrial solvent).
Production Isobutanol. Isobutanol (IUPAC nomenclature: 2-methylpropan-1-ol) is an organic compound with the formula (CH3)2CHCH2OH.
This colorless, flammable liquid with a characteristic smell is mainly used as a solvent. Its isomers include n-butanol, 2-butanol, and tert-butanol, all of which are important industrially. Production Isobutanol is produced by the carbonylation of propylene. Two methods are practiced industrially, hydroformylation is more common and generates a mixture of isobutyraldehydes, which are hydrogenated to the alcohols and then separated. Butane. CO2 Emissions From Refining Gasoline. Natural Gas Glossary. Natural Gas Glossary Anticline An anticline is an area of the earth's crust where folding has made a dome like shape in the once flat rock layers.
Anticlines often provide an environment where natural gas can become trapped beneath the earth's surface, and extracted. Yanzhou Coal Buys Gloucester for $2.1 Billion to Gain Port, Mines Access. Yanzhou Coal Mining Co. (1171), China’s fourth-biggest coal producer, agreed to buy Gloucester Coal Ltd. for about A$2.1 billion ($2.1 billion) in cash and shares to gain more mines and port access in Australia. The deal values Gloucester at as much as A$10.16 a share, subject to conditions, according to a statement from the Sydney- based company.
That’s 45 percent more than its Dec. 19 close, the day before the stock was halted. More trouble ahead for Bixby Energy founder? A former consultant to Bixby Energy, the troubled Ramsey, Minn., developer of a coal-to-natural-gas technology, has implicated a former officer of the company in what federal authorities describe as a $60 million securities fraud scheme. Dennis Desender, 64, pleaded guilty Wednesday to one count of securities fraud and implicated "Individual A," identified in court papers as an officer of Bixby, in a scheme that allegedly duped investors in a venture to sell coal-gasification technology to China. Desender pleaded guilty earlier to one count of tax evasion. Coller Capital - Coller International Partners V. World Energy Outlook Homepage. The page you are looking for might have been removed, had its name changed, or is temporarily unavailable.
Please try the following: Make sure that the Web site address displayed in the address bar of your browser is spelled and formatted correctly. If you reached this page by clicking a link, contact the Web site administrator to alert them that the link is incorrectly formatted. Click the Back button to try another link. Historical Oil Prices Table. The first table shows the Annual Average Crude Oil Price from 1946 to the present.
Prices are adjusted for Inflation to January 2014 prices using the Consumer Price Index (CPI-U) as presented by the Bureau of Labor Statistics. Note: Since these are ANNUAL Average prices they will not show the absolute peak price and will differ slightly from the Monthly Averages in our Oil Price Data in Chart Form. Also note that although the monthly Oil prices peaked in December 1979 the annual peak didn't occur until 1980 since the average of all the monthly prices was higher in 1980. Inflation adjusted oil prices reached an all-time low in 1998 (lower than the price in 1946)! And then just ten years later Oil prices were at the all time high for crude oil (above the 1979-1980 prices) in real inflation adjusted terms (although not quite on an annual basis).
History and Analysis -Crude Oil Prices. OPEC has seldom been effective at controlling prices.
Often described as a cartel, OPEC does not fully satisfy the definition. One of the primary requirements of a cartel is a mechanism to enforce member quotas. An elderly Texas oil man posed a rhetorical question: What is the difference between OPEC and the Texas Railroad Commission? His answer: OPEC doesn't have any Texas Rangers! The Texas Railroad Commission could control prices because the state could enforce cutbacks on producers. With enough spare capacity to be able to increase production sufficiently to offset the impact of lower prices on its own revenue, Saudi Arabia could enforce discipline by threatening to increase production enough to crash prices.
During the 1979-1980 period of rapidly increasing prices, Saudi Arabia's oil minister Ahmed Yamani repeatedly warned other members of OPEC that high prices would lead to a reduction in demand. HISTORY OF CRUDE OIL PRICES. Crude Oil Price Chart from 1977 to 2003 Monthly Price Chart 1998-July 2013 History & Analysis of Crude Oil Prices from WTRG Economics Year, Month, Monthly Average, and Yearly Average Data from Plains All-American Prior to February 26th, 2009, the posted price for CountryMark, Plains and Bi-Petro was identical.
*From February through June the posted price was not the same for all three crude purchasers in the Illinois Basin.