Pakistan is rich in natural gas but deficient in
fossil oil. At present bulk of the gas demand is met through local production, which offers enormous saving of foreign exchange as well as cleaner environment.
Pilot-scale experiments were conducted that compared upgraded pure
fossil oil to oil with 20% pyrolysis oil.
"
Fossil oil and gas will lead to stranded assets, hence terribly poor economics," he says.
Clean Energy Forum manager and SEC quality and performance manager Fouad Al-Saiedi told Arab News: "This is the first clean energy forum in the Kingdom, and we started with fuel additives since 90 percent of energy production in Saudi Arabia depends on
fossil oil. That is a problem, and we are here to exchange clean energy applications to deal with
fossil oil from the very first stages." He added: "Twenty research papers were presented by more than 200 experts from around the world.
Since the developed countries have the biggest MFIs, the preferred choice remains
fossil oil.
The study showed the extent of the implications for water resources because of large amounts of water consumption during shale oil and gas extraction process, so the shale oil and gas production in countries with limited water resources is not appropriate, in addition that the
fossil oil extracted from dry land available in large quantities in the Middle East and Russia is considered a global competitor in terms of production and transport costs compared to oil-shale.
Furthermore, the study addresses the changes in global reserves of
fossil oil and shale oil and gas, and the ranking of countries according to global reserves.
A DRUNKEN corporate Christmas party descended into fisticuffs and the brokenhearted casualties included Londonbased
Fossil Oil's chairman Lance Harvey, and top executive, Tyler Benson.
The article also points out that thanks to hydraulic fracturing, extraction of
fossil oil and fossil gas gained a new lease on life.
These people are already anticipating that the traditional sources of power -
fossil oil and natural gas - will not be forever.
Fossil Oil Company LLC, an independent oil and gas exploration and production company, has finalised negotiations with Ranken Energy Corporation of Edmond, Oklahoma, the Operator, for the right to participate in any and all oil & natural gas drilling prospects generated from this state-of-the-art 3D seismic data in McClain County, Oklahoma.
fossil oil - a dark oil consisting mainly of hydrocarbons