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In 2011, world proved gas reserves were enough to last 58 years at 2011 production levels, even though the 2011 production rate was more than double the 1980 rate. [2] At current consumption levels, there are 52 years of proven gas reserves left. [3] However, proven gas reserves have been consistently increasing over time. [3]
Florida City Gas was founded in 1946 provides natural gas service to more than 104,000 residential and commercial customers in Miami-Dade, Brevard, St. Lucie, and Indian River counties. Florida City Gas became part of AGL Resources in 2004. Additional services include: Maintaining the gas pipeline infrastructure; Responding to and repairing leaks
The Crystal River Combined Cycle site consists of two Mitsubishi gas turbines, which came on-line in 2018. The complex was developed in the early 1960s by the Florida Power Corporation and sold to Progress Energy Inc in 2000. [2] Following Progress Energy's merger with Duke Energy in 2012, [3] the facility is owned and operated by Duke Energy. [2]
The depletion of resources has been an issue since the beginning of the 19th century amidst the First Industrial Revolution.The extraction of both renewable and non-renewable resources increased drastically, much further than thought possible pre-industrialization, due to the technological advancements and economic development that lead to an increased demand for natural resources.
Hubbert models have been used to predict the production trends of various resources, such as natural gas (Hubbert's attempt in the late 1970s resulted in an inaccurate prediction that natural gas production would fall dramatically in the 1980s), Coal, fissionable materials, Helium, transition metals (such as copper), and water.
In the 1971 spaghetti Western film The Last Traitor, there is $200,000 worth of Confederate gold. In the 1994 film Timecop, a single traveler from the future hijacks a shipment of Confederate gold using advanced automatic weapons with laser sighting. This gold is mentioned later to be used in untraceable payment to terrorists in the 20th century.
United Gas Pipe Line Co. v. Memphis Light, Gas, and Water Division, 358 U.S. 103 (1958) United Gas Pipe Line Co. v. Ideal Cement Co., 369 U.S. 134 (1962) United Gas Pipe Line Co. v. Federal Power Commission, 385 U.S. 83 (1966) Federal Power Commission v. United Gas Pipe Line Co., 386 U.S. 237 (1967) Federal Power Commission v.
The oil depletion allowance in American (US) tax law is a tax break claimable by anyone with an economic interest in a mineral deposit or standing timber. [citation needed] The principle is that the asset is a capital investment that is a wasting asset, and therefore depreciation can reasonably be offset (effectively as a capital loss) against income.