Oil at 80 dollars, up 1 percent

Oil at 80 dollars, up 1 percent, with expectations of increased demand  

 Futures prices of crude oil near 80 dollars a barrel to settle at the end of Ta which dominated the concerns raised earlier that the cause of the decline of credit tightening, demand growth in the largest country in terms of oil consumption in the world.
He played down the Federal Reserve raised speculation that the sudden the discount rate on Thursday, marking a change in monetary policy. Oil prices fell initially after the Council lifted the discount rate a quarter percentage point to 0.75 percent.
The government data showed U.S. consumer prices rose only 0.2 percent in January, reassuring investors that the policy of access to credit helped lift the world's largest economy from recession and fueled the demand for fuel is likely to continue.
And when you close the deal in the New York Mercantile Exchange, the price of U.S. light crude in March contracts settled at 75 cents, or 0.95 percent to 79.81 dollars a barrel, after falling earlier in more than dollars to 77.76 dollars a barrel.
In London, Brent crude jumped European benchmark crude 44 cents to 78.22 dollars a barrel.
Meanwhile, Mohammad Ali Haiti representative of Iran in the OPEC: It's based on predictions, the global demand for oil in the second half of 2010 will increase an average of one million to 4.1 million would bring the price of oil. The official said the Organization of Petroleum Exporting Countries "OPEC": The members of the organization plans to spend up to 65 billion dollars in the petroleum industry manufacturing to expand refineries and boost production from petroleum products refined during the next five years to meet the increasing demand for these basic materials in the promotion of industrial development. He pointed out that 40 billion dollars will be invested within the OIC countries to increase production capacity of refined products in Member States by two million barrels a day to reach 10 million barrels per day while that will be about 25 billion dollars for investments outside the organization to contribute in strengthening the capacity of the world refineries and of empowering the supplies of refined petroleum international markets hungry for this kind of fuel.

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Tarpf oil geology

Geology Oil 
• Tarpf oil geology
Is interested in studying science and methods of oil is formed and migration through the layers is also considering installation of oil and its origin.
• the definition of petroleum
Oil or oil (a word derived from the original Latin, "Petra" which means rock and "oleum" which means oil), also called crude oil, also has a name commonly "black gold", which is a means of thick, flammable, Brown dark green or brown, there is in the top layer of the earth's crust. Sometimes called naphtha, from Persian language ("Navt" or "Navatta" which means its ability to effect). It consists of a complex mixture of hydrocarbons, especially of the alkane series, but differs in appearance, composition and purity strongly from one place to another. It is a source of primary energy sources extremely important (energy statistics in the world). Oil is the raw material for many chemical products, including fertilizers, insecticides, plastics.
• out of oil
Established oil of the total slum buried the bodies of countless of organelles Marine (Plankton) and plant accumulated at the bottom with the articles of rock fragmented in the form of mud has buried the organic material for thousands of years where she had lived in ancient salt water and lakes and evidence for the presence of saline water in areas of petroleum exploration or drilling during the addition to the presence of marine fossils.
It is no secret about it I found out that the recent experience of oil from the marine biologist only fragmented for a period of from four to five months only under certain circumstances.
• Installation of oil
During the liquidation process, is separated by chemical constituents of the oil by fractional distillation, a process of separation based on boiling points relative (or relative volatility). Different products (in order of boiling points), including Algazat light (such as: methane, ethane, propane) as follows: gasoline, jet fuel, kerosene, diesel, gasoline, paraffin waxes, asphalt, and so on. And modern techniques such as gas separations, HPLC, Ghazi color separation - mass spectrometer, can separate some fractions of petroleum into individual compounds, and this method of analytical chemistry, often used in the sections of quality control in oil refineries.
To be more precise, the oil consists of hydrocarbons, which in turn is composed of hydrogen, carbon, and some parts of non-carbon, which can contain nitrogen, sulfur, oxygen, and some small quantities of metals such as vanadium, nickel, and such elements does not exceed 1% installation of oil.
The four lightest alkanes: methane CH4, ethane C2H6, propane, C3H8, Bhutan C4H10. They are all gases. The boiling point of -161.6 C ° and -88 C ° and -42 C ° and -0.5 C °, respectively (-258.9, -127.5, -43.6, -31.1 F °).
The chains in the C5-7 are all light, easily vaporized, clear naphthas. They are used as solvents, dry cleaning fluids, and other quick-drying products. The chains from C6H14 to C12H26 are blended together and used for gasoline. Kerosene is made up of chains C10 to C15, followed by diesel fuel / heating oil in the range of C10 to C20, and is used as fuel oils heavier than that in ship engines. All of these vehicles oil liquid at room temperature. Lubricating oils and semi-solid greases (including Vaseline ®) range from C16 to C20 chains the top of the C20 be solid, starting with paraffin wax, then tar, bitumen, asphalt.
Boiling ranges of the components of oil under the influence of atmospheric pressure in fractional distillation in degrees Celsius:
1. Petroleum ether: 40 - 70 C ° is used as a solvent.
2. Light petrol: 60 - 100 C ° is used as fuel for cars.
3. Heavy petrol: 100 - 150 C ° is used as fuel for cars.
4. Light kerosene: 120 - 150 C ° is used as a solvent and fuel for homes.
5. Kerosene: 150 - 300 C ° is used as fuel for jet engines.
6. Gas oil: 250 - 350 C ° is used as fuel for diesel / heating.
7. 300 C° يستخدم زيت محركات.">Lubrication oil:> 300 C ° is used engine oil.
300 C° يستخدم زيت محركات.">8. Remaining fractions: tar, asphalt, residual fuel.
• oil extraction
In general, the first stage in the extraction of crude oil is to drill wells to reach the underground reservoir. Historically, there are some oil wells in America where oil came naturally to the surface. But most of these fields are implemented, with the exception of some limited number of places in Alaska. And are often dug many wells for the same warehouse, to get on the rate of economic extraction. In some wells may be used to pump water, steam, a mixture of different gases into the reservoir to keep the rates of economic extraction.
In the case of the underground pressure in the reservoir is sufficient, then it will force the oil out of the surface under the influence of this pressure. Gaseous fuels or natural gas are usually present, which increases the pressure of the underground. In this case, the pressure is sufficient to place a sufficient quantity of the valves on the well head to connect the well to a pipeline network for storage, and business operations. This is called the initial oil recovery. And approximately 20% of the oil in the reservoir can be extracted in this way.
During the lifetime of the well pressure decreases, and at some point not be enough to push oil to the surface. And then, if the remaining Ge well enough economically, and often be the case, the extraction of oil remaining in the well in a manner to extract additional oil. See energy balance, and net energy. And different techniques are used in a way to extract additional oil, to extract the oil from the warehouses or low-pressure. Sometimes used, such as pumps, pumping Baltalmbat persistent, deep electric pump (electrical submersible pumps ESPs) to bring the oil to the surface.
And using assistive technology to increase the reservoir's pressure by water injection, natural gas reinjection and gas lift, which injects air, carbon dioxide or other gases into the reservoir. And working methods are both initial and additional extraction of approximately 25 to 35% of the warehouse

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OIL-PRICE.NET 2012

Oil by Militias

Takeover of Oil by Militias By TOBIAS VANDERBRUCK for OIL-PRICE.NET 2012

Iraq wars 1 and 2 were fought as much on the ground as in the media. Embedded journalism, the war on terrorism, toppling an evil dictator and spreading freedom were all images used to instill on the public, justification for the invasion of Iraq. These wars were a paid spokesperson's dream come true: immense budgets to convince the public that they were not wars for oil. Most journalists avoided to portray these as wars for oil for the sake of their careers. How the spin doctors worked, you'd be pardoned to believe of a flat Earth the size of Texas. Not without basis, the fact is, anything is justified for oil, even mendacity

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Sudan is rich in oil

united Sudan's oil output

Sudan

Essentially, it's religion at play here. The conflict: There's been two civil wars in 1956 and 1983 between a predominantly Arab Islamic North and a Non-Muslim South (Animist and Christian). Not to forget, it's been only six decades-and a few years- since the independence of Sudan itself. About a year ago South Sudan left Sudan putting an end to the civil war. But, things are far from normal. South Sudan is rich in oil with an output of 350,000 barrels per day, in other words, three quarters of a united Sudan's oil output. Naturally, Sudan still has a bad South Sudan hangover. In January, South Sudan shut off its oil production. Ask why? The landlocked country had disagreements over fees to be paid to the North for oil exports through Sudan to the Red Sea port. Rather a bold move, one has to say, as South Sudan depends on oil for up to 98 percent of its state revenue. Well, sadly, the new country didn't have money to buy food or medicine, thus. Last month, both the countries decided to resume exports from South Sudan after an interim agreement. But, according to the Finance Minister of South Sudan, the country would be able to pump only at about seventy per cent of its capacity. A development, nevertheless, even if it takes three months for the oil to reach the Red Sea Terminal at Port Sudan. Also, both the countries have agreed for further talks, which is a good sign. Still, the road ahead is long, so are the problems

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Iran had an estimated 137 billion barrels of proven oil reserves

Iran is the second largest producer in OPEC

Iran

As of January 2011, Iran had an estimated 137 billion barrels of proven oil reserves, 9.3 percent of the world's total reserves and over 12 percent of OPEC reserves. But, well, if one goes by the Iraqi oil minister, the country has 154.8 billion barrels of oil with new discovery of reserves in SouthWest Iran. And, the International Energy Agency has stated that the oil exports from the country stepped down to 1 million barrels a day in July from 1.74 million barrels a day in June.
Further, Iran is the second largest producer in OPEC, next only to Saudi Arabia. Crude exports contribute to about 80 percent of the foreign revenue. How profitable it'd have been for the country, then, to tone down its belligerence. Instead, Iran continues with its threat to block the Strait of Hormuz. This strait is a major oil route for countries in the Persian Gulf, including Iran. In 2011, about 17 million bbl/d flowed through. At its narrowest, the strait is just 21 miles wide. Iran uses this geographical formation to its advantage, threatening to choke the strait, at regular intervals. Sadly, Islamist fundamentalist threaten to take over 20% of the world's oil traffic if the West interferes with their nuke plans

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