crude analysis Articles
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Enhancing the efficiency of crude oil transportation pipeline: a novel approach
In this paper, exergy and economic analyses are carried out on a 30″ crude oil transportation pipeline and related pump stations. The exergy destructions and losses of the components and the entire system were determined in the operation, resulting in the identification of the gas turbines stacks as the major elements of exergy losses. A proposal has been made for improving the energy and exergy ...
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The role of speculation in crude oil prices
The primary objective of the paper is to investigate if the 2007–2008 crude oil price shock was caused by speculation or changes in fundamentals. First, the history of crude oil prices and energy trends are presented. By evaluating empirical findings and introducing a representative agent model with perfect foresight, the second part of the paper discusses how the 2007–2008 price shock could have ...
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