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What else can I help you with?
Why was OPEC sent up?
The OPEC was founded to unify petroleum policies and stabalize markets.
What group decided how much oil should be sold and produced?
The Organization of the Petroleum Exporting Countries (OPEC) is the group that primarily decides how much oil should be sold and produced among its member countries. Established in 1960, OPEC aims to coordinate and unify petroleum policies to secure fair and stable prices for petroleum producers, ensure a regular supply for consumers, and provide a fair return on capital for those investing in the petroleum industry. OPEC's decisions on production levels significantly influence global oil prices.
How much does it cost to mine oil?
100
Why will plastic products become more expensive in the future?
Plastics are made mostly from petroleum, and petroleum is getting more expensive. It is a non renewable resource, in the sense that there is only so much oil in the oil wells, and when it is pumped out, it does not get replaced. We might have to switch to agricultural sources of oil, which will be more expensive.
How is the future cost of a barrel of oil calculated?
The future cost of a barrel of oil is calculated by examining projections of how much oil is available as compared to how much oil is being used or is in demand. Prices spike when the demand for oil exceeds its availability, from all sources.
How much petroleum-oil do you have left?
a lot
Why was OPEC sent up?
The OPEC was founded to unify petroleum policies and stabalize markets.
How is petroleum misused?
the misuse of oil: - the oil spill - taking too much oil from the off and on shore rigs
Is petroleum the same as oil?
Oil and petroleum are the same thing.
What is Venezuela's major industry?
Petroleum Petroleum
What are the practical applications of petroleum geology?
Petroleum geology is the science of oil. People working in this field are able to determine where petroleum may be located, how much of it there is, and how well it can be extracted.
How much oil does South Korea produce?
South Korea does not produce any significant quantity of petroleum and is a net petroleum importer.
How much does a petroleum engineer earn in marathon oil in UK?
70,000 to 120,000
Is oil and petroleum use efficient?
Oil and Petroleum use is very efficient.
Is petroleum used in motor oil?
Yes . . . motor oil IS refined petroleum.
Are petroleum and oil the same thing and why?
No they are not. why i am not sure, but i think it is because 1. petroleum is used differently than oil. 2. oil is thicker than petroleum 3. If thy were the same thing than why would they be called different?
Did crude oil means petroleum?
Petroleum is refined from crude oil and is but one fraction only
