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The "windfall profits" tax is back, with Barack Obama stumping again to apply it to a handful of big oil companies. Which raises a few questions: What is a "windfall" profit anyway? How does it differ from your everyday, run of the mill profit? Is it some absolute number, a matter of return on equity or sales -- or does it merely depend on who earns it? Enquiring entrepreneurs want to know. Unfortunately, Mr. Obama's "emergency" plan, announced on Friday, doesn't offer any clarity. To pay for "stimulus" checks of $1,000 for families and $500 for individuals, the Senator says government would take "a reasonable share" of oil company profits.

The single most important reason that our economy remains sluggish is high gas prices and the high cost of imported oil. We import the same amount of oil into this country as we did in 1997 - but it now costs us nearly $300 billion a year more, a...

Why submersible pump is the best option for pumping oil from the wells, What makes electrical submersible pump the most efficient of other artificial lift pumping technology.

This guide helps you acquire complete & important info about submersible pump and its technology, operation, and features.

Are high energy prices good or bad? Another piece of the puzzle.

Article on using geothermal with oil well

"Replacing older oil-fired technology at the site, the gas turbines will increase the plant's efficiency and reduce its environmental impact in line with the Portuguese government's regulation to promote efficiency and reduce carbon dioxide emissions (Fig.1). Approved in January 2010 and in support of the European Union cogeneration directive, a new Portuguese law will regulate cogeneration on a national level."

President Barack Obama sounds like his predecessors when he vows to kick the nation's addiction to foreign oil.

"Shell, on behalf of the Athabasca Oil Sands Project, a joint venture among Shell Canada (60 per cent), Chevron Canada Limited (20 per cent) and Marathon Oil Sands L.P. (20 per cent) has proposed a carbon capture and storage (CCS) project. The Quest CCS Project would be based at Shell's Scotford Upgrader, located near Fort Saskatchewan, Alberta. Commissioned in 2003, the Upgrader turns bitumen from the Athabasca oil sands into synthetic crude oil, most of which is turned into consumer products such as gasoline."

Raw materials and utilities cost Biodiesel is the product obtained when a vegetable oil or an animal fat reacts chemically with an alcohol to produce fatty acid alkyl esters. A catalyst such as sodium or potassium hydroxide is required. Glycerol is produced as a co-product (Van Gerpen et al., 2004). The most common stoichiometries description of the reaction is: 1000 kg of oil þ 110 kg of methanol/1000 kg of biodiesel þ 110 kg of glycerol

"The weaknesses of federal regulatory agencies have been exposed by recent high-profile accidents. Guest columnist Tom Carpenter fears the Department of Energy will reduce its oversight of cleanup at the nation's nuclear waste sites. By Tom Carpenter Special to The Times PREV of NEXT Related Millions of gallons of oil gush continue to rush unabated from BP's mile-deep well in the Gulf of Mexico, and 11 workers are dead from the massive explosion that caused the biggest oil spill in decades. Weeks before this event, the news was dominated by the preventable explosion that killed 29 West Virginia coal miners. In both cases, the not-so surprising news was that the mine and the oil rig had abysmal records of safety violations before the explosions yet were still allowed to operate by the captive regulatory agencies. Where is the government accountability? It is the government's job to assure that ultra-hazardous industries operate safely and responsibly. Is nuclear next? The Department of Energy sits on the nation's biggest nuclear nightmare. Its inventories of highly radioactive and toxic wastes defy comprehension. Washingtonians are familiar with the DOE's No. 1 accomplishment, the Hanford nuclear site, which holds the lion's share of the nation's radioactive detritus. Suffice it to say that the escape of even a small fraction of such material into the environment would constitute a Chernobyl-sized catastrophe."