Sentences with phrase «oil resources»

He learns that there is a small town which has plenty of oil resources.
The resolution to this debate thus revolves around determining the ultimate level of world oil resources.
The commonplace emphasis on these immense in - place volumes ignores the central problem for unconventional oil resources.
Global coal is many times bigger, as are gas and conventional oil resources.
As oil resources peak, coal will determine future CO2 levels.
The remaining oil resources can provide 150 years of supply at current demand levels.
We're opening up more than 75 percent of our potential oil resources offshore.
As the chart below shows, less than 25 percent of global oil resources as we know them today have been produced.
This correspondence links previous work by the authors to ongoing debates about the development of offshore oil resources.
Of all of the unconventional oil resources out there, the oil sands hold the greatest potential production growth.
Current published estimates of ultimate world oil resources vary drastically.
The analysis of ultimate oil resources usually begins with estimates of published oil reserves.
Each reflects the previously presented estimates of ultimate world oil resources (table 10).
Cambridge Energy Research Associates estimate that the total recoverable oil resources in place are 3.74 trillion bbl (including non-conventional sources such as shale).
Publication date: 2009-04-01 First published in: Russian Geology and Geophysics Authors: A.E. Kontorovich Abstract: A probabilistic estimate of the global conventional recoverable oil resource was performed based on the concept of the Earth's sedimentary cover as a holistic system.
maybe not the bike, its made with addition of energy secured from oil resources.
As demand for oil outstrips conventional oil supplies, a growing share of oil is coming from tight oil resources, especially in the United States.
[The Canadian dollar's] petro status will continue to grow in coming years, but the positive [foreign exchange] impact of Canada's vast oil resources could be felt much earlier in the form of renewed foreign interest that could well translate into another round of multi-billion [mergers and acquisitions] inflows.»
The measures involve working towards making the market work better to reduce price volatility, ensuring the best use of existing oil resources, accelerating a switch to alternative energy sources and further investment in alternative energy supplies.
While Canada — Alberta to be specific - continues to lease huge oil resources to foreign companies an an unsustainable pace, with no plan for the future, the Norwegians, at least are showing things can be done differently.
Estimates of untapped oil resources in the Arctic range from about 3 percent of the world's undiscovered reserves to the probably hyperinflated figure of 25 percent.
Discussions focused on celebrating California's climate leadership typically omit that the state's oil refinery sector is heavily reliant on imported oil resources from beyond our state borders — including significant imports from Arctic Alaska.
The United States needs a comprehensive strategy to deal with this problem, involving not only alternative fuels but domestic oil resource development, diplomacy, and defense.
However, in view of the depleting oil resources, there is some potential that this assumption may not be valid.
It is without doubt the largest and easiest accessible oil resource in the United States.
Expanding drilling operations domestically will do next to nothing to lower gas prices in the short - term — after all, it takes years to explore, develop, and transport new oil resources — and will do very little in the long run.
World oil demand is about 90 million barrels a day, suggesting the world shale oil resource covers 10.5 years of consumption.
In the era of the Internet of Things (IoT) and the Internet of Everything (IoE), data about oil resources and oil wells is so important that companies across the oil industry's chain are now seeking to explicitly state in contracts who owns that data — the oil service firms or their exploration customers.
For instance, Mexico could rely on its own oil resources to displace some of the U.S. natural gas it is now buying, but she does see a 60 percent chance a new NAFTA deal will be approved.
The Syncrude joint venture partners are Suncor (58.74 %), Imperial Oil Resources (25 %), Sinopec Oil Sands Partnership (9.03 %) and Nexen Oil Sands Partnership (7.23 %).
So far as wealth is concerned, Scotland does have substantial oil resources off its coasts, which will continue to provide much economic activity in parts of the country, as well as a stream of tax revenue.
The President, however, said that he was not happy with claims and theft of oil resources persisting in the Niger Delta.
Four of the five states in the South - East have proven oil resources, some of which provide our nation's revenue; yet our people are not found fit to be adequately represented in a key corporate institution like the NNPC.
In «Squeezing More Oil from the Ground,» Leonardo Maugeri, director of strategies and development of an international oil company, expresses the conventional view of his profession, assuming a world of near - infinite oil resources to be produced under market forces.
In an era of depleting mineral oil resources natural gas is becoming ever more relevant, even though the gas is difficult to transport and not easily integrated in the existing industrial infrastructure.
[For example: To decide — in true muppet fashion — that 10 mio bbls of prospective oil resources are worth up to a $ 1 billion... well, that's just like believing a lottery ticket's actually worth the jackpot two minutes after you bloody bought it!
Resource - strapped nations are in the midst of an «Arctic scramble» to seize and exploit previously untouched pockets of fish and oil resources made accessible by a receding polar ice cap.
Claiming that the rate of depletion of existing scarce oil resources will determine consumption may be accurate to some extent, but it's complacent and irresponsible in the larger scheme of things.
Since 2011, Alex Trembath, a tireless and talented energy analyst at nonprofit The Breakthrough Institute, has been digging into the complicated history of public and private initiatives and investments that unlocked the vast gas and oil resource contained in layers of shale rock.
Even if tax breaks lead to developing marginal oil resources, we're only nibbling at the edges of our supply and demand problems.
East Asia boasts shale and tight - oil resources greater than those of the United States.
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