CRUDE OIL HISTORICAL DEVELOPMENT 1990 -‚ The price of crude oil spiked with the lower production during Kuwaiti invasion by Saddam Hussein forces 1994 - The Gulf War to liberate Kuwait‚ crude oil prices declined. In 1994‚ the inflation adjusted oil price reached the lowest level since 1973 The United States economy was strong and the Asian Pacific region was booming which extended into 1997. From 1990 to 1997‚ world oil consumption increased 6.2 million barrels per day. Declining Russian
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Crude Oil Crude oil is formed through a long process which took place millions of years ago. Huge numbers of microscopic animals and plants died and fell to the bottom of the sea‚ which is then covered by mud sediments. These mud sediments got buried by more of them‚ and then started to change into rock‚ which created pressure and increased temperature. This resulted in the deceased plants and animals to heat up and slowly turned into fossils which then turns into crude oil. Since oil is less dense
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Crude oil is a naturally occurring‚ unrefined petroleum product composed of hydrocarbon deposits. It is a fossil fuel‚ meaning that it was made naturally from decaying plants and animals. Crude oils vary in color‚ from clear to tar-black‚ and in viscosity‚ from water to almost solid. Crude oil can be refined to produce usable products such as gasoline‚ diesel and various forms of petrochemicals and as such‚ are a useful starting point for many different substances. Crude oil is also a naturally
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Heather Myers iLab‚ Week #6 CRUDE OIL DISTILLATION Introduction The purpose of this lab is to distill crude oil and learn how the chemical properties influence the temperature. The distillation of a substance is based on the boiling points. When the crude oil is brought to a boil‚ at 275°C‚ the gasoline and kerosene are distilled‚ but the lubricant remains part of the crude oil. Procedure 1. From the Equipment menu‚ select Distillation Equipment and obtain a Round Bottom Flask (100 ml). 2. Select
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Is there any difference between channel conflict and channel competition? The main difference between these two terms is the consequences of the new competition. What I understand from the texts is that the channel conflict is derivated from the channel competition but this last not necessarily has to end in a conflict. So‚ the channel competition is when one channel serves customers that are already served by other channel but in different situations and offering different value proposition;
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Bleaching of crude palm oil (CPO) Bleaching of crude palm oil will be carried out using a mass ratio of 1 synthesized adsorbent to 11 CPO. The CPO in bottle is well shaken before pouring into beaker with an amount of 110 grams. Magnetic stirrer is put into the beaker contains CPO and continuously stirred until it reaches 100 °C. After that‚ 6 drops of phosphoric acid is added into CPO followed by the addition of 10 grams synthesized adsorbent. The adsorbent must be poured slowly to ensure it mixed
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Introduction IKEA is a privately-held‚ international home products retailer that sells flat pack furniture‚ accessories‚ and bathroom and kitchen items in their retail stores around the world. The company‚ which pioneered flat-pack design furniture at affordable prices‚ is now the world’s largest furniture manufacturer. IKEA was founded in 1943 by Ingvar Kamprad in Sweden and it is owned by a Dutch-registered foundation controlled by the Kamprad family. IKEA is an acronym comprising the initials
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CHANNEL STRUCTURE AND STRATEGIC CHOICE IN DISTRIBUTION CHANNELS This article mainly talks about the importance of marketing channel of marketing channel strategy decisions‚ they are highlighted by: 1) term consequences and 2) the constraints andopportunities that they represent..The present paper incorporates strategic management theory into marketingchannels literatures to examine the impact of different channel structures onthe choice of a generic channels strategy. Specifically‚ the contingent
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Revision of DTM for chapter 1 & 2 Function of physical distribution management and distribution channels 1) Definition of physical distribution management – Used in manufacturing and commerce to describe the broad range of activities concerned w/ the efficient movement of finished products from end of production line to consumer. * Emphasizes the flow of materials from the point of manufacture industrial user * Implies the control of the flow End consumers Products supply > Warehousing
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CHAPTER 8 Distribution Channels and Logistics Management Objective: examining the nature and role of the channels in attracting and satisfying customers The Nature of Distribution Channels • Distribution channels are intermediaries used by the producers to bring their products to the market. • Why? Because the use of intermediaries bring greater efficiency in making goods available to target markets. In other words‚ they match the supply with the demand. • Most important benefit of using intermediaries
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