Explain the use of crude oil as a source of both aliphatic and aromatic hydrocarbons Crude oil: a complex mixture of hydrocarbons found in layers of rock beneath the earth’s surface Aliphatic Hydrocarbons: contain chains of carbon atoms that may be branched Aromatic Hydrocarbons: contain Benzene rings- rings of carbon atoms with delocalized electrons Alkanes all have different boiling points dependent on the length of the carbon chain in the molecule. The smaller chains ie. the most volatile
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THE 18TH CENTURY INDUSTRIAL REVOLUTION IN ENGLAND The INDUSTRIAL REVOLUTION can be said to have made the European working-class. It made the European middle-class as well. In the wake of the Revolution‚ new social relationships appeared. As Ben Franklin once said‚ "time is money." Man no longer treated men as men‚ but as a commodity which could be bought and sold on the open market. This "commodification" of man is what bothered Karl Marx -- his solution was to transcend the profit motive by social
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SUPPLY & ELASTICITY OF CRUDE OIL SUBMITTED BY Group -5 Karan Chopra (2012137) Manik Grover (2012155) Manish (2012156) Nancy Pande (2012178) Nayan Sharma (2012182) Nitya Agarwal (2012188) Introduction Crude oil is a naturally occurring substance (i.e.‚ “Fossil Fuel”‚ formed from organic remains over a period of millions of years) found in certain rock formations in the earth. It is a dark‚ sticky liquid which‚ scientifically speaking‚ is classified as a hydrocarbon. Crude oil is highly flammable and
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Crude Oil and Gasoline Prices June 2009 Axia College/University of Phoenix Crude Oil And Gasoline Prices Since the early Seventies‚ energy consumers have been on a roller-coaster ride of wild and woolly price swings‚ producing a kind of economic whiplash. Petroleum and gasoline prices are especially prone to price volatility. Sometimes the cause of a price increase is obvious and dramatic‚ like an oil embargo or hurricane. Other times less so‚ as when a refinery goes offline for periodic maintenance
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Article for Crude Oil Crude oil: good or bad? You decide Recently I have discovered an interesting fuel which humans use. It is a sludgy‚ black‚ gloopy liquid like fuel called “crude oil”. They have found it in many of the earth’s oceans and I believe it has come from many dead animals piling on top of each other but didn’t decay properly because of the anaerobic conditions making layers of rock. The heat of the rocks and the increased pressure turned the dead animals into crude oil. I have found
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Market Equilibrium of Crude Oil Gina Brazelton Economics 561 April 17‚ 2012 Dr. Jill Trask Market Equilibrium of Crude Oil Market equilibrium occurs when there is no shortage or surplus of a product‚ therefore‚ buyers and sellers get what they want. When there is a change in either the supply or demand this will eventually adjust to a new equilibrium of price and quantity. Right now‚ industries are not only faced with ever-changing periods of consumer demand but their own production inventory
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does the price of oil and gas have on the economy? How does this affect the daily lives of the entire population? The preceding questions are the basis for the enclosed report. The primary objective of this report is to give a few reasons as to what causes prices of oil and prices of gas to rise. Among these reasons‚ speculation of things that may or may not happen‚ like a terrorist strike‚ is one of the leading factors. Another reason for the continued rise in prices of oil and gas is the constant
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8.2.1 (iv) Fractional Distillation of Crude Oil By Blake Turner – Year 11 Fractional Distillation of Crude Oil Introduction Crude oil is the term for "unprocessed" oil‚ the stuff that comes out of the ground. It is also known as petroleum. Crude oil is a fossil fuel‚ meaning that it was made naturally from decaying plants and animals living in ancient seas millions of years ago -- most places you can find crude oil were once sea beds. Crude oils vary in colour‚ from clear to tar-black‚ and
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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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