Monday, January 28, 2008

What Is Crude Oil

What Is Crude Oil ?

There were few takers of the 19th century elixir that came to be called "snake oil." It was one of the less successful uses of petroleum, but not the first to claim healing properties. Ancient Persians, 10th century Sumatrans and pre-Columbian Indians all believed that crude oil had medicinal benefits. Marco Polo found it used in the Caspian Sea region to treat camels for mange, and the first oil exported from Venezuela (in 1539) was intended as a gout treatment for the Holy Roman Emperor Charles V.

Sunday, January 27, 2008

Massive crude oil deposit found in Argentina

...Massive crude oil deposit found in Argentina
Posted 11 hours 32 minutes ago
A joint Argentina-British Pan American Energy company has discovered a crude oil field in the southern province of Chubut, yielding an estimated 120 million barrels per year, local authorities said.

Friday, January 25, 2008

natural gas and oil for China

...There are several constraints to China’s growth:
supply of resources like iron, lumber, agricultural land, lumber, potable water, mineral.
Energy sources: coal, electric power, oil, natural gas.
These resources are not just constrained by what is located in China, but as a worldwide resource. And transporting these to China will consume energy, adding to the problems.
Manpower: China’s growth in the last decade was mainly fueled with under employed manpower from rural areas. This source of manpower is now diminished. Drawing additional human resources from this is going to affect agricultural production. The aging population will also reduce this resource significantly in the next few decades, especially when those born after the war are retired...

Source.

Wednesday, January 23, 2008

natural gas crude oil

Trade information on natural gas and crude oil comming here soon.