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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 ...
"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 ...
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 ...
Recycling rates vary by location, plastic type, and its use, and most of the world’s waste ends up in landfills or is lost to nature. Sometimes, it is shipped to places where it is burned or dumped.
This is an accepted version of this page This is the latest accepted revision, reviewed on 6 January 2025. Converting waste materials into new products This article is about recycling of waste materials. For recycling of waste energy, see Energy recycling. "Recycled" redirects here. For the album, see Recycled (Nektar album). The three chasing arrows of the universal recycling symbol Municipal ...
For companies like ExxonMobil and Royal Dutch Shell , maintaining or growing energy reserves is easier said than done these days. Oil fields are moving further offshore and into harder to reach ...
Discover the challenges of olive oil production as climate change drives prices up. The Surprising Reason Why Olive Oil Is Getting More Expensive—That Has Nothing to Do with Inflation Skip to ...
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.