05.07.2009
This signifies that the investor believes that under a scenario where a barrel of oil would cost $60 he would be able to make 15% return on his investment (possibly on alternative fuels)
A person living in another country and culture, usually on a business assignment
There are three major types of vehicle engines that release exhaust gases: gasoline, diesel, and turbine. The composition of exhaust gases is based primarily on the fuel and the temperature at which it is burned (by the vehicle) Fuels use additive chemicals for many different reasons: to aid in flow, prevent freezing, and clean internal parts. These additives are present in low concentrations but they may be important exhaust components. Diesel and turbine engines use similar fuels and produce similar exhaust gases; except that diesel engines generally release more unburned carbon as particulate matter. Gasoline is a more refined fuel, but chemicals are still added. The major components of vehicle exhaust gases include carbon (as very small particles), unburned hydrocarbons, carbon dioxide, carbon monoxide, nitrogen oxides, sulfur oxides, water vapor, and thousands more “low-level” chemicals. The peculiar odor of diesel exhaust is due to aldehydes, acrolein, and sulfur compounds. Gasoline engines generally produce more carbon monoxide than diesel or turbine engines; diesel and turbine engines produce higher. levels of nitrogen oxides. The use of emission control measures from fuel regulation, to air injection and catalytic conversion of the exhaust gases, greatly affects the types and amounts chemicals found in the exhaust gases.
An area contiguous to a state and extending 200 nautical miles (320 km) from a country’s coastline. In this zone a nation controls the undersea resources, primarily fishing and seabed mining. Pursuant to the 1982 Maritime Convention, a coastal State exercises sovereign rights for the purpose of exploring and exploiting, conserving and managing the natural resources of the EEZ, whether living or non-living. The coastal State does not have sovereignty over the EEZ, and all States enjoy the high seas freedoms of navigation, overflight, laying and maintenance of submarine cables and pipelines, and related uses in the EEZ, compatible with other Convention provisions. However, all States have a duty, in the EEZ, to comply with the laws and regulations adopted by the coastal State in accordance with the Convention and other compatible rules of international law. Sovereign rights are declared in an EEZ to include a number of parameters. What happens when within the space of 200 nautical miles another country is located with conflicting rights? The matter is taken to a arbitration to the UN.
Price of oil and gas, especially very much in the world’s largest consumer country (the US) are very much linked to the amount of excess supplies existing in storage