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The thin red circular line in the middle indicates the top of the oil reservoir. Because gas rises above oil, this latter line marks the gas-and-oil contact zone. A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations.
Associated petroleum gas. Associated petroleum gas (APG), or associated gas, is a form of natural gas which is found with deposits of petroleum, either dissolved in the oil or as a free "gas cap" above the oil in the reservoir. [1][2] The gas can be utilized in a number of ways after processing: sold and included in the natural-gas distribution ...
The state of Hawaii briefly introduced a cap on the wholesale price of gasoline (the Gas Cap Law) in an effort to fight "price gouging" in that state in 2005. Because it was widely seen as too soft and ineffective, it was repealed shortly thereafter. [citation needed] A World War II-era shop display promoting price controls.
Fuel tank. A fuel tank (also called a petrol tank or gas tank) is a safe container for flammable fluids, often gasoline or diesel fuel. Though any storage tank for fuel may be so called, the term is typically applied to part of an engine system in which the fuel is stored and propelled (fuel pump) or released (pressurized gas) into an engine.
Emissions trading is a market-oriented approach to controlling pollution by providing economic incentives for reducing the emissions of pollutants. [1] The concept is also known as cap and trade (CAT) or emissions trading scheme (ETS). One prominent example is carbon emission trading for CO 2 and other greenhouse gases which is a tool for ...
Gas cylinder. Industrial compressed gas cylinders used for oxy-fuel welding and cutting of steel. A gas cylinder is a pressure vessel for storage and containment of gases at above atmospheric pressure. High- pressure gas cylinders are also called bottles. Inside the cylinder the stored contents may be in a state of compressed gas, vapor over ...
Price-cap regulation is a form of incentive regulation capping the prices that firms in a natural monopoly position may charge their customers. Designed in the 1980s by UK Treasury economist Stephen Littlechild, it has been applied to all privatised British network utilities. It is contrasted with both rate-of-return regulation, with utilities ...
Natural-gas condensate, also called natural gas liquids, is a low-density mixture of hydrocarbon liquids that are present as gaseous components in the raw natural gas produced from many natural gas fields. Some gas species within the raw natural gas will condense to a liquid state if the temperature is reduced to below the hydrocarbon dew point ...
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