I. What is Resource Depletion? Resource depletion refers to the consumption of natural resources at a rate that exceeds their ability to regenerate. This can include minerals, fossil fuels, water, forests, and other natural resources that are essential for human survival and economic development. As the global population continues to grow and industrialization spreads, the … Read more
I. What is Flaring? Flaring is the controlled burning of natural gas that cannot be processed or captured for use. It is a common practice in the fossil fuel industry, particularly in oil and gas production facilities, refineries, and chemical plants. When natural gas is extracted from the ground along with oil, it is often … Read more
I. What is Flue Gas? Flue gas is the gas that is emitted from industrial processes, power plants, and other sources that burn fossil fuels. It is a mixture of gases that are released into the atmosphere through a chimney or flue. Flue gas is a byproduct of combustion and can contain a variety of … Read more
I. What is Thermal Coal? Thermal coal, also known as steam coal, is a type of coal that is used to generate electricity. It is one of the most widely used sources of energy for power generation around the world. Thermal coal is primarily used in power plants to produce steam, which is then used … Read more
I. What is the Clean Air Act? The Clean Air Act is a federal law in the United States that was first passed in 1963 and has been amended several times since then. Its main goal is to protect and improve the quality of the air we breathe by regulating emissions of harmful pollutants. The … Read more
I. What is an Oil Benchmark? An oil benchmark is a standardized price reference for a specific grade and type of crude oil. It serves as a benchmark for pricing other types of crude oil and oil products in the global market. Oil benchmarks are used by traders, producers, and consumers to determine the value … Read more
I. What are Oil Derivatives? Oil derivatives are products that are derived from crude oil through various refining processes. Crude oil is a naturally occurring fossil fuel that is extracted from the Earth’s crust. It is a complex mixture of hydrocarbons that can be refined into a wide range of products, including gasoline, diesel fuel, … Read more
I. What is Liquefied Natural Gas (LNG)? Liquefied Natural Gas (LNG) is a clear, colorless, non-toxic liquid that forms when natural gas is cooled to -260 degrees Fahrenheit. This cooling process reduces the volume of the gas by 600 times, making it easier and more cost-effective to transport and store. LNG is primarily composed of … Read more
