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An oil tanker's inert gas system is one of the most important parts of its design. [91] Fuel oil itself is very difficult to ignite, but its hydrocarbon vapors are explosive when mixed with air in certain concentrations. [92] The purpose of the system is to create an atmosphere inside tanks in which the hydrocarbon oil vapors cannot burn. [91]
This list of oil fields includes some major oil fields of the past and present. Countries by proven oil reserves 2017. The list is incomplete; there are more than 25,000 oil and gas fields of all sizes in the world. [1] However, 94 % of known oil is concentrated in fewer than 1,500 giant and major fields. [2]
Offshore oil and gas in the United States provides a large portion of the nation’s oil and gas supply. Large oil and gas reservoirs are found under the sea offshore from Louisiana, Texas, California, and Alaska. Environmental concerns have prevented or restricted offshore drilling in some areas, and the issue has been hotly debated at the ...
The oil giant is returning much of its excess free cash to shareholders. It has distributed an industry-leading $26.1 billion of cash to investors, including paying $12.3 billion in dividends and ...
(The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves, [ citation needed ] and the majority of oil produced in the US is from shale, leading to the paradoxical data below that the US will finish all its oil at ...
Oil prices are known to swing dramatically and, often, quickly. Any investor putting money to work, whether it be $100, $1,000, or $100,000, has to be prepared for periods of weakness because they ...
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