Search results
Results From The WOW.Com Content Network
Especially during the years 1974–1981 and 2005–2014, oil exporters amassed large surpluses of "petrodollars" from the sale of oil at historically high prices. [1] [2] [8] (The word has been credited alternately to Egyptian-American economist Ibrahim Oweiss and to former U.S. Secretary of Commerce Peter G. Peterson, both in 1973.) [9] [10] [11] These petrodollar surpluses could be described ...
Automotive oil recycling involves the recycling of used oils and the creation of new products from the recycled oils, and includes the recycling of motor oil and hydraulic oil. Oil recycling also benefits the environment: [ 1 ] increased opportunities for consumers to recycle oil lessens the likelihood of used oil being dumped on lands and in ...
"Petrocurrency" or (more commonly) "petrodollars" are popular shorthand for revenues from petroleum exports, mainly from the OPEC members plus Russia and Norway.Especially during periods of historically expensive oil, the associated financial flows can reach a scale of hundreds of billions of US dollar-equivalents per year – including a wide range of transactions in a variety of currencies ...
For premium support please call: 800-290-4726 more ways to reach us
However, oil won't have as much of an impact on the company's earnings in the future. It has a visible path to add an incremental $1 billion to its free cash flow from non-oil sources by the ...
The steel industry saves enough energy to power about 18 million households for a year, on a yearly basis. Recycling metal also uses about 74 percent less energy than making metal. Thus, recyclers of end-of-life vehicles save an estimated 85 million barrels of oil annually that would have been used in the manufacturing of other parts. [3]
US oil futures notched their seventh straight week of declines on Friday, marking their longest losing streak in five years. The prolonged drop comes as analysts worry about increased production ...
Recycling can be carried out on various raw materials. Recycling is an important part of creating more sustainable economies , reducing the cost and environmental impact of raw materials. Not all materials are easily recycled, and processing recyclable into the correct waste stream requires considerable energy.