Remove Concept Remove Kuwait Remove Light
article thumbnail

Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

Green Car Congress

While production costs and refining costs for heavy oil exceed that for light oil, applying information technology solutions for decision-making has provided a significant increase in the margins and profits of operations, according to Chevron engineers in a paper presented on their system earlier this year. The concept of steamflooding.

Chevron 244
article thumbnail

The Real Reason for USA based Economic Recessions.

DIY Electric Car

For more information about the concept of Peak Oil please visit [link]. It took the Iraqi invasion of Kuwait and the oil price rising from $21/barrel in August 1990 to $46/barrel by the middle of October. All of the recessions listed above were caused by oil except the early 2000 recession that was caused by September 11th, 2001.

USA 180