As Gulf fishermen and outdoorsmen, we've lived with the petroleum industry all our lives.
Not long ago the petroleum industry poked fun at Canadians who mined for oil.
But some petroleum industry experts maintain the technology for drilling deepwater wells is safe.
The report was welcomed by Chris Hunt, director general of the UK's Petroleum Industry Association, which represents refiners.
Yes, the petroleum industry has been remarkably creative in increasing output from existing plants, but new ones are needed.
Now is the time for cruise lines, the petroleum industry and the shipping companies to finally stop using their economic might to prevent reform.
Gas prices have risen about twice as much as crude oil prices, says Ronald Gold, who works with Lichtblau at the Petroleum Industry Research Foundation.
Air Fuel Synthesis build on these methods by turning the methanol into something more like petrol, using processes well entrenched already in the petroleum industry.
Brigit Layes of the Association of the German Petroleum Industry blamed intense price pressure on international markets and the strong US dollar for the "price adjustment".
Lichtblau, chief executive of the Petroleum Industry Research Foundation in New York, agrees that Chinese demand is helping to drive up the price of crude oil worldwide.
At the moment, the government subsidizes the downstream sector of the petroleum industry and dictates the price of fuel products, a move which Dangote says has impeded growth in the sector.
FORBES: Nigerian Billionaire Dangote To Build $8 Billion Refinery, Donates $500,000 To UNICEF
The Hill newspaper says that a bill with bipartisan support in the Senate Judiciary Committee would direct anti-trust enforcement agencies to take a closer look at proposed mergers in the petroleum industry.
From small wildcatters to oil-services giants, the petroleum industry is bracing for bad times now that the Obama administration has put a six-month moratorium on deepwater oil exploration in the wake of the Gulf of Mexico disaster.
Last week a group of prominent businessmen, led by Prachai Leophairatana of the Thai Petroleum Industry company, met with retired general Prem Tinsulanond, a revered privy councilor to the King who was premier through most of the 1980s.
The German Petroleum Industry (MWV) played a role in the confusion last week when its head, Klaus Picard, said in an interview that deliveries of E10 would be stopped after the initial public reaction, according to Der Speigel.
FORBES: Germany's Biofuel Commitment Boosting Small-Cap Energy Stock
The petroleum industry is not price gouging, either: In an effort to stem slowing demand from consumers reluctant to pay higher prices, fuel refiners and retailers have been eating some of the added cost incurred lately as unrest in Libya and a weakening dollar push crude oil prices higher, according to the Reuters report.
The roundtable also highlighted new tools and approaches such as the guidance on corporate ecosystem valuation from the World Business Council for Sustainable Development ( WBCSD), the biodiversity-responsible land management certification from the Green Development Initiative ( GDI), and the new guidance on ecosystems assessment from the International Petroleum Industry Environmental Conservation association ( IPIECA).
But with Congressional Republicans attempting to bar the military from buying biofuels that cost more than petroleum, the industry has been forced to fight to preserve the status quo rather than focus on the future.
When coupled with state and local taxes and fees, the average American pays 45.8 cents per gallon in gas taxes alone, according to the American Petroleum Institute, the industry group that represents big oil companies.
Petroleum Intelligence Weekly, a leading industry publication, has put forward a controversial proposal: that the majors voluntarily disclose data on all their reserves, broken down field by field across the world.
"If you're disclosing and the other guy doesn't have to, you're not really on a level playing field, " says Chris Joyner, a spokesman for the American Petroleum Institute (API), an industry group for oil and natural gas companies.
Trade and industry minister Odd Eriksen, petroleum and energy minister Odd Roger Enoksen and fisheries and coastal affairs minister Helga Pedersen all come from Northern Norway, a region geographically remote and in many ways culturally distinct from the more populous South.
And the answer is a really dirty petroleum-based molecule, because the oil industry is getting dirtier and dirtier on the margins.
The Commission also found last fall that foreign corporations, including Chinese petroleum companies, are vital investors in the Sudanese oil industry.
Revenue from oil production is the government's principal source of funds for the war in Sudan, and the Commission found that foreign corporations, including Chinese petroleum companies, are vital investors in the Sudanese oil industry.
Even more rules and regulations from the Environmental Protection Agency (EPA) to inhibit the drilling of petroleum, natural gas and the inevitable extinction of the coal industry.
FORBES: Is Diversity the Secret Key to America's Economic Renewal?
Though profits would most likely ripple throughout the industry, Chevron, Shell, BP and Anadarko Petroleum, which have some of the largest offshore operations in U.S. waters, are the most likely winners.
One reason why size matters is the mining industry's small size relative to other comparable industries, such as petroleum.
With improvements in petroleum and petroleum product shipping offsetting coal volume losses over the last two quarters, the railroad industry is capitalizing on the current natural gas boom.
FORBES: Norfolk Southern Chugs To $78 On Natural Gas And Housing Recovery
The Nigerian National Petroleum Corporation (NNPC), which manages the country's state-owned oil industry, expects oil production to reach 40 billion barrels by 2010 through a combination of domestic and foreign investments.
应用推荐