Geography 2143A/B Study Guide - Quiz Guide: 18 Months, Viscosity, Daniel Yergin
7 Mar 2013
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Oil springs, ontario the first commercial oil well in north america. Distillate fuel oil makes 10. 5 barrles compared to 19. 4 from gasoline: residual fuel oil-1. 7 barrels. Most goes to gasoline 42%, then diesel , lubes/coke/other 11%, jet fuel 9: lowest is waxes and asphalt 3% 136 and 137 for difference in crudes, very important. High 2011 prices after pennsylvania boom (1961-69), iranian revolution (80s), invasion of iraq and atab springs (2000s) Wti- texas light sweet or light sweet crude oil, type of crude oil that is used as a benchmark in oil pricing. The underlying commodity of ny mercantile exchange"s oil futures contracts: based in cushing, oklahoma. Brent- is the biggest of the major classifications of crude oil. Is used to price 2/3 of the worlds internationally traded crude oil and is based in london, uk: this oil streams include, brent, oseberg and ekoflisk that make up 47. 6%, where as forties represent.
