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Wyszukujesz frazę "oil shale" wg kryterium: Temat


Tytuł:
Utilization of Desulfurized Heavy Liquid Fuel Blends in Domestic Boiler
Autorzy:
Al Aboushi, Ahmad
Abdelhafez, Eman
Hamdan, Mohammad
Ajib, Salman
Alsaqoor, Sameh
Powiązania:
https://bibliotekanauki.pl/articles/27323821.pdf
Data publikacji:
2023
Wydawca:
Polskie Towarzystwo Inżynierii Ekologicznej
Tematy:
shale oil
domestic boiler
activated carbon
diesel
sulfur oxide
Opis:
One way to cut down the consumption of diesel fuel in domestic heating in Jordan is to blend it with shale oil, which may be extracted from oil shale. This leads to a cut down in the national fuel bill in Jordan. Unfortunately, shale oil contains significant amounts of sulfur as impurities and upon burning sulfur oxides are emitted causing a negative environmental impact, and hence desulfurization of such fuel blends is essential. This may be achieved by adding activated carbon to the fluids. The process of removing sulfur from shale oil is crucial for safeguarding the environment, human well-being, and equipment, as well as meeting regulatory requirements and creating superior-quality goods. In this study, a domestic boiler was utilized to evaluate the degree of desulfurization process of blends of diesel and shale oil fuels upon their burning in a domestic boiler, to achieve this, blends of both fuels were prepared with varying amounts of shale oil (10%, 20%, 30%, and 40%) and various amounts of activated carbon were added to the prepared mixtures of diesel fuel and shale oil. The assessment of performance included examining the environmental impact, specifically by analyzing exhaust gases to measure the concentration of Sulfur Oxide (SO2). It was found that an increase in the concentration of shale oil in the mixture led to an increase in the concentration of SO2. However, adding more activated carbon to the mixture from the fuels resulted in a decrease in the SO2 concentration. The lowest SO2 concentration was observed when 1g of activated carbon was added per liter of the fuel mixture at a 20% concentration of shale oil, and 0.6g of activated carbon per liter of the fuel mixture at a 40% concentration of oil shale.
Źródło:
Journal of Ecological Engineering; 2023, 24, 7; 225--233
2299-8993
Pojawia się w:
Journal of Ecological Engineering
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Beneficiation and upgrading of Jordanian oil shale
Autorzy:
Gougazeh, Mousa Hasen
Powiązania:
https://bibliotekanauki.pl/articles/2146895.pdf
Data publikacji:
2022
Wydawca:
Politechnika Wrocławska. Oficyna Wydawnicza Politechniki Wrocławskiej
Tematy:
Sultani oil shale
flotation
collector
frother
Opis:
Evaluation possibility of a low-quality Jordanian oil shale from Sultani, central Jordan as an alternative clean fuel by flotation technique was investigated. Oil shale sample was characterized with mineralogical and chemical analysis. X-ray fluorescence spectrometer, X-ray diffraction and Fourier transform infrared spectroscopy showed that calcite is the dominant mineral followed by quartz mineral. Other minerals such as apatite and gypsum were detected. Thermogravimetric analysis revealed that mass loss is due to organic matter decomposition at 280–600°C and carbonate decomposition at 650–850°C Fourier transform infrared analysis showed the main organic groups. The effects of collector and frother doses, pulp concentration and pulp pH on the flotation performance were investigated. The kerosene and MIBC were used as collecting and frothing agents, respectively. The optimal flotation performance occurred for a collector dosage of 1000g/t, a frother dosage of 600g/t, a pulp concentration of 20g/L, a pulp pH of 4.
Źródło:
Physicochemical Problems of Mineral Processing; 2022, 58, 3; art. no. 147092
1643-1049
2084-4735
Pojawia się w:
Physicochemical Problems of Mineral Processing
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Evaluation the Effect of Adding Oil Shale Ash on the Compressive Strength of Concrete
Autorzy:
Gougazeh, Mousa
Powiązania:
https://bibliotekanauki.pl/articles/2201819.pdf
Data publikacji:
2022
Wydawca:
Stowarzyszenie Inżynierów i Techników Mechaników Polskich
Tematy:
oil shale ash
compressive strength
compaction pressure
combustion
construction
sustainable
Opis:
In the present study, the effect of cementing properties of oil shale ash on the compressive strength of the concrete mixtures produced from oil shale ash, cement, sand, and water was investigated. The used shale ash was produced by direct combustion at 830oC in a laboratory muffle furnace of the El-Lajjun oil shale. Based on the chemical composition of shale ash (OSA), it was concluded that this material consists of a high percentage of CaO which forms the properties of cement materials as well as the contents of SiO2, Al2O3, and Fe2O3 form the properties of pozzolanic materials. Oil shale ash (OSA) materials have diverse applications as alternative materials for the construction industry and construction technology to reduce environmental risks and achieve sustainability. The results showed that the pressed specimen with 40 wt. % OSA content, 50 wt. % sand content and 30% MW obtained the highest compressive strength of about 9.1 MPa after 28 days of hardening. The highest value of 28 days compressive strength for a compacted specimen containing 35 wt. % OSA and 35% MW were achieved with 12 MPa at a compaction pressure of between 25 and 30 MPa. High compressive strength values were found to be achieved in the compressed specimens by controlling mixing water. It is also indicated that the compressive strength increases as OSA content in the compressed specimen increases and increases as compaction pressure increases.
Źródło:
Advances in Science and Technology. Research Journal; 2022, 16, 4; 130--137
2299-8624
Pojawia się w:
Advances in Science and Technology. Research Journal
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
The Behavior of Jordanian Oil Shale during Combustion Process from the El-Lajjun Deposit
Autorzy:
Gougazeh, Mousa
Alsaqoor, Sameh
Borowski, Gabriel
Alsafasfeh, Ashraf
Hdaib, Ismail I.
Powiązania:
https://bibliotekanauki.pl/articles/2173323.pdf
Data publikacji:
2022
Wydawca:
Polskie Towarzystwo Inżynierii Ekologicznej
Tematy:
El-Lajjun oil shale
combustion
X-ray diffraction
thermogravimetric
fourier transform infrared spectroscopy
X-ray fluorescence
Opis:
The results of X-ray diffraction, thermogravimetric and FTIR spectroscopy analyses of mineral composition indicated that the El-Lajjun oil shale is principally composed of calcite, quartz with minor amounts of kaolinite), gypsum, and apatite. The obtained oil shale ash products at 830 °C and 1030 °C are dominated by lime, quartz, anhydrite, portlandite, gehlenite, and amorphous phases. The TGA weight loss curves clearly indicate that it occurred in the temperature range from 310 to 650 °C. The decomposition of oil shale carbonates was detected above 750°C. The functional groups in the organic material of oil shale are dominated by the aliphatic hydrocarbons, the semi-ash of which had diverse structures of polycyclic aromatic hydrocarbons. The most intensive of combustion occurred in the temperature range of 400–750 °C. In this temperature range, about 75 wt.% was accounted for the total mass loss.
Źródło:
Journal of Ecological Engineering; 2022, 23, 8; 133--140
2299-8993
Pojawia się w:
Journal of Ecological Engineering
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Strukturalne zmiany na rynku ropy naftowej w Stanach Zjednoczonych
Structural Changes in Crude Oil Market in the United States
Autorzy:
Suder, Jacek
Powiązania:
https://bibliotekanauki.pl/articles/2139535.pdf
Data publikacji:
2021-12-28
Wydawca:
Wydawnictwo Naukowe Dolnośląskiej Szkoły Wyższej
Tematy:
ropa z łupków
rewolucja łupkowa
OPEC
bezpieczeństwo energetyczne
COVID-19
shale oil
shale revolution
energy security
Opis:
Rewolucja łupkowa, która umownie rozpoczęła się w 2008 roku, spowodowała strukturalne zmiany w sektorze naftowym w Stanach Zjednoczonych. Dlatego celem artykułu jest próba identyfikacji najważniejszych czynników wpływających na rozwój niekonwencjonalnej ropy naftowej w USA. Ponadto autor bada zmiany do jakich doszło w wolumenie amerykańskiej produkcji surowca. Zniesienie ograniczeń eksportowych doprowadziły bowiem do zmniejszenia wielkości importowanej ropy naftowej z zagranicy oraz do istotnego zwiększenia wolumenu eksportowanych produktów ropopochodnych. W konsekwencji tych przekształceń Stany Zjednoczone pod koniec 2019 roku stały się eksporterem netto surowca, co znalazło swoje odzwierciedlenie w strukturze międzynarodowego handlu ropą naftową. W ostatniej części artykułu opisany został najnowszy szok popytowo-podażowy dotyczący pandemii COVID-19, który spowolnił rozwój rewolucji łupkowej w Stanach Zjednoczonych. Zmniejszenie liczby zachorowań skłoniło rząd USA do częściowego odblokowania działalności gospodarczej, jednak popyt na produkty naftowe, w tym głównie na paliwo lotnicze, wciąż kształtuje się poniżej poziomów sprzed pandemii. Najbliższe miesiące pokażą, w jakim kierunku podąży dalszy rozwój rewolucji łupkowej w USA. Będzie to w dużym stopniu uzależnione od potencjalnego rozwoju kolejnej fali koronawirusa.
The shale revolution that began in 2008 caused structural changes in the crude oil sector in the United States. The article aims to try to identify the most important factors influencing the development of unconventional crude oil in the U.S. In addition, the author researches the changes in the volume of U.S. oil production. The lifting of export restrictions led to a reduction in the volume of imported crude oil from abroad and a significant increase in the volume of exported petroleum products. Consequently, the United States became a net exporter of crude oil in 2019, which was reflected in the structure of the international crude oil trade. The last part described that demand and supply shock has started in the oil markets, and it has slowed the development of the shale revolution in the U.S. The reduction in the number of cases contributed to the partial unblocking of economic activity; however, the demand for petroleum products, including mainly for jet fuel, did not return to pre-pandemic levels. The coming months will show in which direction the further development of the shale revolution in the U.S. would go. This could largely depend on the potential development of the next wave of coronavirus.
Źródło:
Rocznik Bezpieczeństwa Międzynarodowego; 2021, 15, 2; 38-54
1896-8848
2450-3436
Pojawia się w:
Rocznik Bezpieczeństwa Międzynarodowego
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Assessing the effects of water withdrawal for hydraulic fracturing on surface water and groundwater - a review
Autorzy:
Saha, Gopal Chandra
Quinn, Michael
Powiązania:
https://bibliotekanauki.pl/articles/1445100.pdf
Data publikacji:
2020
Wydawca:
Instytut Meteorologii i Gospodarki Wodnej - Państwowy Instytut Badawczy
Tematy:
groundwater
surface water
hydraulic fracturing
water withdrawal
shale oil
gas production
Opis:
The interaction between groundwater and surface water plays an important role in the function of riparian ecosystems and sustainable water resource management. Hydraulic fracturing, an unconventional oil and gas well stimulation method, has increased dramatically in North America in an effort to exploit previously inaccessible shale oil and gas reserves. Hydraulic fracturing often requires several thousand cubic meters of water to fracture the source formations. Use of such a high volume of water has raised considerable public concern over the sustainability of this activity and the potential impacts on surface water and groundwater. This paper provides a review of the published literature addressing the effects of water withdrawal for hydraulic fracturing on surface water and groundwater. The potential effects of such withdrawal are: decreased volume of water in rivers, streams, lakes and aquifers; alteration of natural flow regimes; regional water shortages during periods of drought; creating conflicts with other water users in water-stressed regions; inadequate downstream water availability; reduced downstream water quality for human uses, due to less water availability for dilution; and degradation of habitat and aquatic ecosystem function, impacting local wildlife. This review demonstrates that relatively little attention has been paid to quantify and understand these interactions, and suggests that there is a significant need for further research in this area to address the currently limited availability of data.
Źródło:
Meteorology Hydrology and Water Management. Research and Operational Applications; 2020, 8, 2; 52-59
2299-3835
2353-5652
Pojawia się w:
Meteorology Hydrology and Water Management. Research and Operational Applications
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Impact of cationic-anionic surfactants on selective oil agglomeration of oil shale
Autorzy:
Abdel-Khalek, Mohamed A.
Amin, Rasha
Hassan, El-Sayed R. E.
Powiązania:
https://bibliotekanauki.pl/articles/1450561.pdf
Data publikacji:
2020
Wydawca:
Politechnika Wrocławska. Oficyna Wydawnicza Politechniki Wrocławskiej
Tematy:
oil shale
oil agglomeration
kerogen
surfactants
zeta potential
Opis:
Egyptian oil shale from Red Sea area is upgraded via oil agglomeration technique to achieve a clean fuel. A representative sample is characterized to identify its undesirable components and its liberation size. The quartz, apatite, calcite, siderite and anhydrite are the main gangue minerals. The sample was pulverized to less than 20 µm for efficient liberation. The impact of anionic (Calcium dodecyl benzene sulfonate, CDBS) or/and cationic (Cetrimonium bromide, CTAB) surfactants on the zeta-potential and agglomeration process was investigated in presence of different kerosene concentrations. A concentrate of 62% kerogen with 95% recovery was obtained from feed of 29% kerogen using 0.1% CTAB/CDBS mixture in 2% kerosene emulsion.
Źródło:
Physicochemical Problems of Mineral Processing; 2020, 56, 6; 137-144
1643-1049
2084-4735
Pojawia się w:
Physicochemical Problems of Mineral Processing
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Lower Paleozoic oil and gas shale in the Baltic-Podlasie-Lublin Basin (central and eastern Europe) - a review
Autorzy:
Poprawa, Paweł
Powiązania:
https://bibliotekanauki.pl/articles/2060266.pdf
Data publikacji:
2020
Wydawca:
Państwowy Instytut Geologiczny – Państwowy Instytut Badawczy
Tematy:
Baltic-Podlasie-Lublin Basin
lower Paleozoic
shale oil
shale gas
reservoir characteristics
Opis:
In the Baltic-Podlasie-Lublin Basin, four potential lower Paleozoic shale reservoirs are identified: the Piaśnica, Sasino and Jantar formations, as well as the Mingajny shale. These units were diachronously deposited during the starved stages of Caledonian foredeep basin development, in the course of rising or high eustatic sea level. Across most of the basin, the shale formations analysed are saturated with light oil and condensate, and they are buried to depths of 2300-3500 m. The shale reservoirs reach the wet gas window at burial depths of 2800-4000 m, while dry gas accumulations occur at depths exceeding 3500-5000 m, except in the Biłgoraj-Narol Zone. The shale analysed might be generally classified as a moderate to low quality, and locally high quality, unconventional reservoir. Within the shale net pay zones, the average TOC content is 2-5 wt.% TOC. The exceptions are the Piaśnica Formation, for which this is 5-12 wt.%, and the Mingajny shale, which is TOC-lean (1.4-1.7 wt.%). The thickness of the shale net pay intervals in the most favourable locations, mainly on the Łeba Elevation, generally reaches 20 m, and locally exceeds 35 m. The shale reservoirs are saturated with hydrocarbons of good quality. Their permeability is low to moderate, often in the range of 150-200 mD, while total porosity average per borehole is commonly exceeds 6 %, reaching up to 10% at maximum, which might be considered as moderate to good. The clay minerals content is moderate to high (30-50%), and geomechanical characteristics of the shale formations are intermediate between brittle and ductile. No overpressure occurs in the basin, except for a dry gas zone in the SW Baltic Basin. In the Biłgoraj-Narol Zone, and to a lesser degree also in the Lublin region, pronounced tectonic deformation significantly limits shale gas/oil potential. Among 66 exploration boreholes drilled in the basin so far, only 5 were lateral boreholes with representative production test results. Hydrocarbon flow from the best boreholes was low to moderate, equal to 11.2 to 15.6 thousand m3/day for gas, and 157 bbl/day (~21.4 ton/day) for oil. There is, however, high potential to improve production flow rates, connected with the fracturing of two net pay intervals at one time, as well as with significant technological progress in the exploitation of shale basins during the last 5 years. Commercially viable production might be achieved for a single borehole with estimated ultimate recovery exceeding 30-50 thousand tons of oil, or 60-90 million m3 of gas.
Źródło:
Geological Quarterly; 2020, 64, 3; 515--566
1641-7291
Pojawia się w:
Geological Quarterly
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Burial and thermal history of the Lower Palaeozoic petroleum source rocks at the SW margin of the East European Craton (Poland)
Autorzy:
Botor, Dariusz
Golonka, Jan
Anczkiewicz, Anneta A.
Dunkl, István
Papiernik, Bartosz
Zając, Justyna
Guzy, Piotr
Powiązania:
https://bibliotekanauki.pl/articles/191816.pdf
Data publikacji:
2019
Wydawca:
Polskie Towarzystwo Geologiczne
Tematy:
maturity modelling
shale gas
shale oil
burial history
thermal history
Palaeozoic
East European Craton
Opis:
Thermal maturity modelling was carried out in over sixty wells along the SW margin of the East European Craton (EEC). The burial and thermal history modelling of the EEC, using thermochronological data, allowed the construction of burial history maps showing its geological development in the Phanerozoic. These results have proved that the Ordovician and Silurian source rocks occurring at the SW margin of the EEC reached a maximum palaeotemperature in the Palaeozoic, mainly during Devonian-Carboniferous time and at the latest during the Silurian in the most westerly part of this margin, along the Teisseyre-Tornquist Zone. In Mesozoic and Cainozoic time, the Ordovician and Silurian strata generally were subjected to cooling or to very minor heating, certainly below the Variscan level. The maximum burial and maximum temperature of the Ediacaran-Lower Palaeozoic strata were reached during the Early Carboniferous in the Baltic Basin and during the Late Carboniferous in the Lublin area, and even in the Early Permian in the SE corner of the Lublin Basin. Thus, the main period of maturation of organic matter and hydrocarbon generation in the Ordovician and Silurian source rocks was in the Late Palaeozoic (mainly Devonian-Carboniferous) and in the westernmost zone along the Teisseyre-Tornquist line at the end of the Silurian.
Źródło:
Annales Societatis Geologorum Poloniae; 2019, 89, 2; 121-152
0208-9068
Pojawia się w:
Annales Societatis Geologorum Poloniae
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Unconventional hydrocarbon prospects in Ordovician and Silurian mudrocks of the East European Craton (Poland) : Insight from three-dimensional modelling of total organic carbon and thermal maturity
Autorzy:
Papiernik, Bartosz
Botor, Dariusz
Golonka, Jan
Porębski, Szczepan J.
Powiązania:
https://bibliotekanauki.pl/articles/191357.pdf
Data publikacji:
2019
Wydawca:
Polskie Towarzystwo Geologiczne
Tematy:
Lower Palaeozoic
shale gas
shale oil
Baltic Basin
Lublin-Podlasie Basin
total organic carbon
thermal maturity
structural parametric model
Opis:
Three-dimensional, structural and parametric numerical modelling was applied to unravel the unconventional hydrocarbon potential of a W-dipping, Lower Palaeozoic mudrock succession, which subcrops for some 700 km in the Baltic, Podlasie and Lublin basins across the SW margin of East European Craton in Poland. Input data comprised structural and thickness maps of Ordovician and Silurian strata and the results of thermal maturity (mean vitrinite-equivalent reflectance, % Ro) and total organic carbon (TOC, % wt.) modelling. A new, spatial interpretation of vitrinite-reflectance variability indicates that the regional, W-increasing thermal maturity pattern breaks into a series of domains, bounded by abrupt maturity variations. In total, 14 tectono-thermal domains were recognised and their boundaries traced to known and inferred faults, mostly of NW‒SE and NE‒SW orientations. On the basis of a combination of thermal maturity and total organic carbon levels (0.6% > Ro<2.4%, and TOC >1.5% wt.), good-quality, unconventional reservoirs can be expected in the Sasino Formation (Caradoc) and Jantar Formation (early Llandovery) in the central and western Baltic Basin. The Jantar Formation also is likely to be prospective in the western Podlasie Basin. Marginal-quality reservoirs may occur in the Sasino and Jantar formations within the Podlasie and Lublin basins and in the Pasłęk Formation (late Llandovery) across all basins. Poor- to moderate-quality, unconventional reservoirs could be present in the Pelplin Formation (Wenlock) in the Lublin and southern Podlasie basins. In spite of a considerable hydrocarbon loss during multiphase basin inversion, the Ordovician and Silurian mudrocks still contain huge quantities of dispersed gas. Successful exploitation of it would require the adoption of advanced fracking methods.Lower Palaeozoic, shale gas, shale oil, Baltic Basin, Lublin-Podlasie Basin, total organic carbon, thermal maturity, structural-parametric model.
Źródło:
Annales Societatis Geologorum Poloniae; 2019, 89, 4; 511- 533
0208-9068
Pojawia się w:
Annales Societatis Geologorum Poloniae
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
WPŁYW ZMIANY STRATEGII KARTELU OPEC NA CENY ROPY NAFTOWEJ
THE IMPACT ON OIL PRICES OF THE CHANGE IN OPEC CARTEL STRATEGY
Autorzy:
Suder, Jacek
Powiązania:
https://bibliotekanauki.pl/articles/513191.pdf
Data publikacji:
2018
Wydawca:
Uniwersytet Rzeszowski. Wydawnictwo Uniwersytetu Rzeszowskiego
Tematy:
crude oil,
OPEC,
trade war,
the US shale revolution
Opis:
The article summarizes recent events related to the crude oil market, regarding particularly the policy of reduction in the commodity supply introduced by the countries of the OPEC cartel and Russia. The author examined the next steps undertaken by member nations of the oil association, which were targeted at an increase in the price of oil and at lowering the level of crude oil reserves in the OECD countries. In addition, the process of creating a shale revolution in the United States was outlined, which led to a great level of independence of this country from the supply of energy resources from other parts of the world. The article is an attempt to introduce a wider topic which is the shale revolution in the USA, and its and impact on the global oil market. It is also a starting point for further considerations regarding possible steps of the OPEC cartel arising after expiration of the current agreement.
Źródło:
Polityka i Społeczeństwo; 2018, 16, 3; 115-130 (16)
1732-9639
Pojawia się w:
Polityka i Społeczeństwo
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Zsynchronizowane i wyjątkowe kształtowanie się cen ropy naftowej i złota: wyjaśnienia i perspektywy
The synchronized and exceptional price performance of oil and gold: explanations and prospects
Autorzy:
Aguilera, R. F.
Radetzki, M.
Powiązania:
https://bibliotekanauki.pl/articles/394624.pdf
Data publikacji:
2018
Wydawca:
Polska Akademia Nauk. Instytut Gospodarki Surowcami Mineralnymi i Energią PAN
Tematy:
ceny ropy
ceny złota
korelacja
ropa z łupków
bezpieczne inwestycje
oil price
gold price
correlation
shale oil
safe haven
Opis:
Prezentowany artykuł porównuje światowe rynki złota i ropy naftowej w celu wyjaśnienia zaskakująco wysokiej korelacji cen obu surowców od roku 1970 oraz imponującego ich wzrostu w porównaniu z cenami praktycznie wszystkich pozostałych surowców. Autorzy sugerują, że rozwój sytuacji na rynku naftowym i wynikające z niego skutki makroekonomiczne wpłynęły na inwestycje w złoto, zapewniając w ten sposób najbardziej wiarygodne wyjaśnienie dla synchronizacji zmian cen obu towarów. Analizując nadzwyczajne wzrosty cen ropy naftowej i złota, w szczególności w porównaniu z cenami innych metali i innych surowców mineralnych, autorzy zakładają, że najpierw nastąpił wzrost cen ropy, wywołany przez zewnętrzne ograniczenia dotyczące zdolności produkcyjnych. W konsekwencji wzrosła cena złota, niejako odpowiadając na potrzebę bezpiecznych inwestycji dla zachowania wartości środków inwestycyjnych, co jest cechą charakterystyczną złota, której nie posiadają inne metale i surowce mineralne. Prezentowany artykuł omawia także prawdopodobną ewolucję cen tych ważnych surowców argumentując, że ceny ropy w najbliższych dziesięcioleciach utrzymają swój poziom lub obniżą się, a ceny złota będą nadal kontynuowały wzrost, co doprowadzi do zniesienia związku pomiędzy cenami ropy i złota.
This paper compares the global markets for gold and oil so as to explain the surprisingly high correlation of the two materials’ prices since 1970, and the exceedingly impressive rise of both price series compared with that of virtually all other primary commodities. We propose that developments in the oil market, and the resulting effects on the macroeconomy, influenced investment activity in gold, thus providing the most plausible explanation for the two commodities’ price synchronization. Our view on the extraordinary price increases of oil and gold, compared to a broad category of metals and minerals, is that oil prices rose first based on above-ground hurdles that restrained the capacity to produce, and gold prices then reacted as they were pushed up by rising safe-haven investment to store value – an attribute not shared by other metals and minerals. The paper also comments on the likely future price evolution of these important materials, arguing that oil prices will stagnate or weaken in the coming decades but that gold prices will continue to ride relatively high – thus leading to a collapse of the oil/gold price connection.
Źródło:
Zeszyty Naukowe Instytutu Gospodarki Surowcami Mineralnymi i Energią PAN; 2018, 102; 7-24
2080-0819
Pojawia się w:
Zeszyty Naukowe Instytutu Gospodarki Surowcami Mineralnymi i Energią PAN
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Building an econometric model for african oil production
Budowa modelu ekonometrycznego wydobycia ropy naftowej w Afryce
Autorzy:
Labuda, W.
Powiązania:
https://bibliotekanauki.pl/articles/282234.pdf
Data publikacji:
2017
Wydawca:
Polska Akademia Nauk. Instytut Gospodarki Surowcami Mineralnymi i Energią PAN
Tematy:
crude oil
Africa
USA
shale oil
shale revolution
ropa naftowa
Afryka
Stany Zjednoczone
ropa łupkowa
rewolucja łupkowa
Opis:
The aim of the paper is to identify which factors influence the production of crude oil in Africa and what it means for the investments in oil production on this continent in the future. In order to identify these factors it is necessary to create a function of production. A number of variables have been chosen, which are likely to have an influence on the level of exploitation, such as the price of oil, oil consumption in Africa, oil import by the US, etc. The estimation of the function was based on the statistical analysis of empirical data. For the years 1980–2015 the linear regression model was estimated using the method of ordinary least squares (OLS) and econometric software – GRETL. In order to find the best model the academic research on the global oil market has been taken into account and a variety of statistical and econometric tests have been made. According to the literature on the subject, the production of crude oil in Africa is mostly affected by two players – Europe and the US. The first includes the member states of the OPEC. There are also countries of West Africa which in the past exported most of their production to the US. The model shows that the situation has changed after the “shale revolution”, which reduced the level of imported oil and consequently the level of African production. Moreover, an interesting trend has been noticed, namely that when oil prices go up, the oil production in Africa decreases. The reason for this phenomenon is that high oil prices make American shale plays more profitable than West African petroleum basins. The model aggregating macroeconomic indicators and statistics is a very useful management tool and it reveals the problems of the efficiency of investments in oil production in Africa.
Celem niniejszego artykułu jest identyfikacja czynników determinujących poziom wydobycia ropy naftowej w Afryce, a następnie określenie, co to oznacza dla potencjalnych przyszłych inwestycji na tym kontynencie. Aby rozpoznać wspomniane czynniki, niezbędne jest stworzenie w pierwszej kolejności funkcji wydobycia. Stąd też wybrano szereg zmiennych, mogących mieć wpływ na poziom eksploatacji, m.in. cenę ropy naftowej, poziom jej konsumpcji w Afryce, import ropy do Stanów Zjednoczonych i in. Następnie dokonano estymacji funkcji, posiłkując się statystyczną analizą danych empirycznych. Dla lat 1980–2015 oszacowano za pomocą oprogramowania ekonometrycznego GRETL model liniowej regresji według metody najmniejszych kwadratów (MNK). Aby wybrać model najlepiej odzwierciedlający rzeczywistość, otrzymane wyniki zweryfikowano zarówno danymi pozyskanymi z literatury poświęconej światowemu rynkowi ropy, jak i przy użyciu odpowiednich testów statystycznych oraz ekonometrycznych. Nawiązując do literatury przedmiotu, na poziom wydobycia ropy naftowej wAfryce mają wpływ przede wszystkim dwaj gracze – Europa i Stany Zjednoczone. Z pierwszym z nich związane są przede wszystkim państwa członkowskie organizacji OPEC. Z drugiej strony kraje Afryki Zachodniej w większym stopniu eksportują ropę do Stanów Zjednoczonych. Oszacowany model pokazuje, że sytuacja ta zmieniła się po tzw. łupkowej rewolucji i spadku ilości importowanej przez Amerykę ropy, a co za tym idzie i wydobycia w Afryce. Co więcej, zaobserwowano interesującą tendencję do zmniejszenia wydobycia w Afryce, kiedy ceny ropy rosną. Przyczyną tego zjawiska może być fakt, że wysokie ceny surowca implikują wzrost opłacalności eksploatacji złóż ropy łupkowej w Stanach Zjednoczonych, będących bezpośrednią konkurencją dla złóż afrykańskich. Model, który agreguje makroekonomiczne wskaźniki i dane statystyczne jest bardzo użytecznym narzędziem, które wykazuje efektywność inwestycji w wydobycie ropy naftowej w Afryce.
Źródło:
Polityka Energetyczna; 2017, 20, 2; 73-88
1429-6675
Pojawia się w:
Polityka Energetyczna
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Oil trade in the context of oil price fluctuations at the turn of 2014 and 2015
Autorzy:
Pach-Gurgul, Agnieszka
Powiązania:
https://bibliotekanauki.pl/articles/421205.pdf
Data publikacji:
2017
Wydawca:
Akademia Ignatianum w Krakowie
Tematy:
oil
OPEC
oil shocks
oil price fluctuations
shale revolution
price war
Opis:
RESEARCH OBJECTIVE: Oil is one of the commodities with the highest global demand and the largest trade volumes. It is useful both as a raw material tapped to produce other goods, and, when processed, as a commodity in its own right. The purpose of the article is to present the directions of impact of oil price changes on its trade and to analyse factors affecting crude oil prices in period 2014‑2015 in the context of quick decrease of prices started in 2014. These analyses are crucial since changes of oil prices cannot be only explained by supply and demand. THE RESEARCH PROBLEM AND METHODS: Research topics were formulated as questions: Who is responsible for the slump in the prices of the most important global energy source in the international raw material market? What events in the global market caused the slump in oil prices? Did the slump in oil prices increase oil trade in 2014 and 2015? The article is largely conceptual, based on literature surveys, the analysis of sources and statistical data, comparative analysis, and the descriptive method. THE PROCESS OF ARGUMENTATION: The argument is composed of four basic parts. The first deals with the chief oil price-shaping mechanisms and their division into long-term and short-term drivers. The second outlines the situation in the global oil market in 2014. The third analyzes the causes of the slump in oil prices in 2014 and 2015. And, lastly, the fourth presents the possible impact of the slump on international oil trade. RESEARCH RESULTS: Chief price-shaping mechanisms in the oil market include: the supply-demand mechanism, global economic growth, OPEC policy, fluctuations in the US dollar exchange rate, geopolitical events, and the effect of speculation. Even though it is not possible to determine the precise role of each of these factors in shaping the situation in the oil market in 2014/2015, it seems that the slump in prices was primarily caused by a boost in shale oil production in the United States and the OPEC’s “price war” strategy. CONCLUSIONS, INNOVATIONS AND RECOMMENDATIONS: The situation in the global market in 2017 is likely to be influenced by the OPEC’s decision to reduce oil extraction taken at the summit in Vienna on 30 November 2016. From January 2017, production is to go down to 32.5 million barrels per day and the move is expected to stop the downward price trend. An increase in oil prices could already be noted the day after the decision; however, analysts doubt that the trend will last.
Źródło:
Horyzonty Polityki; 2017, 8, 25; 95-110
2082-5897
Pojawia się w:
Horyzonty Polityki
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Główne determinanty wahań cen ropy naftowej na świecie na przełomie lat 2014/2015
The Chief Determinants of Crude Oil Prices in the World in 2014 and 2015
Autorzy:
Pach-Gurgul, Agnieszka
Powiązania:
https://bibliotekanauki.pl/articles/438887.pdf
Data publikacji:
2016
Wydawca:
Uniwersytet Pedagogiczny im. Komisji Edukacji Narodowej w Krakowie
Tematy:
fluktuacje cenowe
OPEC
rewolucja łupkowa
ropa naftowa
szoki naftowe
wojna cenowa
oil
oil price fluctuations
oil shocks
shale revolution
price war
Opis:
Ceny ropy naftowej ulegają zmianom podobnie jak ceny wielu innych dóbr, jednak konsekwencjeich wahań są znacznie większe niż w przypadku innych dóbr. Do głównych determinant zmian cenropy zalicza się:––czynniki rynkowe określające tendencje cenowe ropy naftowej w długim okresie (long-term drivers):podaż i popyt,––czynniki określające tendencje cenowe ropy naftowej w krótkim okresie (short-term drivers): nastrojeinwestorów i wydarzenia geopolityczne, decyzje OPEC, kurs dolara, prognozy gospodarcze.Lawinowy spadek cen ropy naftowej zapoczątkowany w 2014 roku coraz trudniej można wytłumaczyć jedynieprzyczynami natury czysto rynkowej. Zakończył bowiem okres czterech lat względnej stabilności cenowejoscylującej wokół 105 dol. za baryłkę. Spadek cen, który jest znacznie większy niż w przypadku ceninnych surowców i w porównaniu do „cen szczytowych” z 2011 roku, może sygnalizować koniec „supercykliczności”cen ropy naftowej. Celem niniejszego artykułu jest wnikliwa analiza czynników kształtującychcenę ropy naftowej w latach 2014–2015, a także próba odpowiedzi na następujące pytania:––Kto stoi za spadkiem cen najważniejszego na świecie nośnika energii na międzynarodowym rynku surowcowym?––Jakie działania na rynku światowym powodują spadek cen ropy?––Jakie konsekwencje rodzi spadek cen ropy na rynku światowym zarówno dla jej dostawców, jak i dlaodbiorców?
Similarly as in the case of many other commodities, the prices of crude oil fluctuate. The main determinants of crude oil prices comprise: – market-related factors, which are the long-term drivers of crude oil price tendencies: supply and demand, – short-term drivers, such as investors’ sentiments and geopolitical events, OPEC decisions, USD exchange rates, economic prognoses. It is difficult to attribute the dramatic drop of crude oil prices, which started in 2014, solely to the market-related causes. This drastic decrease of crude oil prices ended a four-year long period of relative stability of the price oscillating around 105 US dollars per barrel. The drop in prices, which is significantly larger than in the case of other raw products, and in comparison with the “peak prices” from 2011, might indicate the end of the “super cycle” of crude oil prices. The purpose of this article is a comprehensive analysis of the factors determining the crude oil prices in the period of 2014-2015, as well as to answer the following questions: – what is the main driving force of the decrease in prices of the most important energy carrier on the international market of raw materials? – what actions on the world market lead to the decrease of crude oil prices? – what are the consequences of the decrease of crude oil prices on the world market for both the suppliers and the recipients?
Źródło:
Prace Komisji Geografii Przemysłu Polskiego Towarzystwa Geograficznego; 2016, 30, 3; 185-198
2080-1653
Pojawia się w:
Prace Komisji Geografii Przemysłu Polskiego Towarzystwa Geograficznego
Dostawca treści:
Biblioteka Nauki
Artykuł

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