Oil Trading and Tanker Transportation

oil trading tanker
Tanker transportation and oil transport functions as an important link to facilitate the flow of oil and products from their limited sources of origin derived to its destination all over the world. This particular section of ocean shipping industry is the main component of the movement of seaborne cargo. Even though oil is transported through pipelines and tankers and tank wagons, these movements are relatively small and often restricted to national or in a few cases trough the intra-regional trades. The increment in oil demand came not only from the United States & Western Europe, however there is a rapid oil demand recovery in Japan, a country with no domestic oil reserves. (more…)

Main Energy Sources: Renewable and Nonrenewable Energy

main energy sources
The energy that people use every day comes from many different sources. The resources are divided into two main groups: renewable energy and nonrenewable energy. Renewable energy sources are those that can be used again and again. Renewable energy resources have unlimited supply. (more…)

Fuel Cycle Analysis of Vehicles and Transportation Fuels

fuel cycle

The fuel cycle for a given transportation fuel includes the following processes: energy feedstock (or primary energy) production; biomass feedstock transportation and storage; fuel production; fuel transportation, storage, and distribution; and vehicle operations that involve fuel combustion air or other chemical energy conversions. The processes that precede vehicle operations are often referred to as the well-to-pump (WTP) stage, the vehicle operations are referred to as the pump-to-wheels (PTW) stage, and the entire fuel cycle is referred to as the well-to-wheels (WTW) cycle. Various models have been developed that allow researchers to conduct fuel cycle analyses of vehicle/fuel systems. The GREET (greenhouse gases, regulated emissions, and energy transportation) model, developed by Argonne National Laboratory, is in the public domain and, so far, more than 1000 users worldwide have used the model to predict the energy use and emissions associated with alternative fuels vehicles. The GREET model and its documents are posted on the Internet at http:// greet.anl.gov. (more…)

The Role Of Nuclear Energy In Reducing Security Of Supply Risk

nuclear energy supply
Nuclear energy has some distinct advantages in strengthening the external dimension of energy supply security. These include:

Nuclear power plants produce electricity domestically. Their capital and labor inputs are also provided domestically. With more than 90% of its inputs in terms of value sourced domestically, it can be considered a largely domestic source of energy and electricity.

• Of course, a majority of OECD countries import part or all of their requirements of uranium plutonium. (more…)

The Future Of Renewable Fuels And Hybrids

Do we have the resources? Rudolf Diesel developed the diesel engine which ran on biodiesel vegetable oil in the late 1800s. At the time, he speculated that his discovery seemed insignificant, but later could prove to be as important as mankind’s uncovering of future energy uses for petroleum and coal tar. Given the U.S.’ rapid expansion into biofuels, it would appear his vision was correct due to the drawbacks of biofuels. But widespread adoption of biomass-based fuels is not a foregone conclusion. Two questions haunt its progress. First, will it truly reduce U.S. reliance on fossil fuels? And second, is there enough farmland to accommodate widespread production, without jeopardizing food supplies? (more…)

Alternative Energy Forward to the Future

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Some forms of alternative energy sources are really new; while most of the energy forms are really come form in development and scientists have been investigated for several hundred years. One of the energy forms is biomass and bioenergy. Bioenergy refers to the burning of organic materials that would otherwise be simply discarded or not being considered at all. (more…)

Gasoline Market Price Failure | Annual Gasoline Consumption

Annual Gasoline Consumption
There are many possible reasons for suspecting market failure in a product like gasoline. Throughout the world, the exploration, refining, and selling of petroleum products has long been controlled by large firms in oligopolistic or monopolized national markets. The United States is a sufficiently large importer of oil that it could have monopsony power, which would mean that we could increase the welfare of our own citizens by reducing our imports. Moreover, the consumption of petroleum products, especially in motor vehicles, generates many negative external costs, and will begin to examine closely in the next chapter. Where there are negative externalities, a free market will overproduce and over consume. (more…)

How Wind Energy Affects Our Lives - Benefit of Wind Energy

wind energy benefit
The main reason why there is an on and off attempt of oil prices is due to depletion of our conventional energy. Our fossil fuel reserved almost nearly to its end. Hence, the world market tends to balance the trend of supply and demand. If that happens to be impossible, many countries will suffer because of insufficient of energy. We are going to take a look the advantages and disadvantages of wind energy and find out how to resolve this energy shortage. (more…)

Biomass Resources as Major Factor Towards Sustainable Energy System

biomass energy resources
Biomass has been a main energy sources in the world since the beginning of civilization. It has been important in development processes, including early stages of industrialization in several countries. In Sweden, for example, the first concerns about preservation date from the seventeenth and eighteenth centuries, resulting from the recognition of the central role played by forests in energy provision. Biomass was also essential in the initial development of the iron industry in Sweden and, later on, the same happened in Brazil, where charcoal is still largely utilized in iron reduction. Biomass remains a major source of energy in many countries. (more…)

Some Major Alternative Energy Sources

alternative energy sources
Some of alternative fuel sources are by no means new. For centuries people have harnessed the power of running water for a variety of needs, particularly for agriculture or farming. Water wheels were constructed in the Middle East, Greece, and China thousands of years ago, and they were common fixtures on the farms of Europe by the Middle Ages. In the early 21st century hydroelectric dam, which generate electricity from the power of rivers, provide about 9 % of the electricity in the United States. Worldwide, there are about 40,000 such dams. (more…)

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