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Felt paper is available in several grades, the most common being Type 1—commonly called 15-pound (15#) or No. 15 (#15)—and Type 2—commonly called 30-pound (30#) or No. 30 (#30). The weight designations originated with organic base felt weighing 15 or 30 pounds per 100 sq. ft. (6.8 kg or 14 kg per 9.3 m 2 ).
Tar paper is used as a roofing underlayment with asphalt, wood, shake, and other roof shingles as a form of intermediate bituminous waterproofing.It is sold in rolls of various widths, lengths, and thicknesses – 3-foot-wide (0.91 m) rolls, 50 or 100 feet (15 or 30 m) long and "15 lb" (7 kg) and "30 lb" (14 kg) weights are common in the U.S. – often marked with chalk lines at certain ...
In commodities transactions, formula pricing is an arrangement where a buyer and seller agree in advance on the price to be paid for a product delivered in the future, based upon a pre-determined calculation. For example, a packer might agree to pay a hog producer the average cash market price on the day the hogs will be delivered, plus a 2 ...
It was inadequate for that purpose. In particular, if the price of any of the constituents were to fall to zero, the whole index would fall to zero. That is an extreme case; in general the formula will understate the total cost of a basket of goods (or of any subset of that basket) unless their prices all change at the same rate.
In the oil field, it is often important to differentiate between rates of production of fluids, which may be a mix of oil and water, and rates of production of the oil itself. If a well is producing 10 MBD (millions of barrels per day) of fluids with a 20% water cut, then the well would also be said to be producing 8,000 barrels of oil a day (bod).
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
In 2012, a study found that Corexit made the oil up to 52 times more toxic than oil alone, [12] and that the dispersant's emulsifying effect makes oil droplets more bio-available to plankton. [13] The Georgia Institute of Technology found that "Mixing oil with dispersant increased toxicity to ecosystems" and made the gulf oil spill worse. [14]
Using benchmarks makes referencing types of oil easier for sellers and buyers. There is always a spread between WTI, Brent and other blends due to the relative volatility (high API gravity is more valuable), sweetness/sourness (low sulfur is more valuable) and transportation cost. This is the price that controls world oil market price.