Is that what we see as a potential here, or are we talking about a thin slick of oil that might come onto the shore?
The cushion of available oil will grow thin, and an unsettled atmosphere will likely translate into another spiky curve for oil prices this year.
Plank's son Roger, 42, who serves as chief financial officer, keeps a reminder of those days on his desk: a small vial of foul-looking water with a thin layer of crude oil on the top.
In 1996 Gandur made the salmon leap from the downstream activities of oil trading and marketing, which provide thin margins by moving huge volumes of other people's oil, into the upstream, which entails more risk and upfront investment but offers fatter returns. aog inked its first production-sharing contract with the oil minister of Ivory Coast to overhaul the abandoned offshore Espoir oilfield.
Steam Assisted Gravity Drainage (SAGD) pumps steam into the ground to liquefy the bitumen and stiff crude oil, making it thin enough to be pulled out of the ground.
To compensate for this, egg producers in the US commonly used to spray eggs with a thin layer of odorless, colorless mineral oil.
See, your eyelids actually spread a film of oil over your eyeball which protects a thin layer of tears that allow you to keep your eye open without it drying out.
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Drillers have learned to drill horizontally into long, thin seams of shale and other rock that holds oil, instead of searching for rare underground pools of hydrocarbons that have accumulated over millions of years.
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The result is a thin reflective layer that floats on the surface of the oil.
If Saudi Arabia has to increase its production to cover Iran's oil, it would leave a razor-thin margin to cover for any other disruptions.
Amid thin trading and illiquid markets, prices for gasoline and heating oil are already on the rise and are expected to move higher.
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Zach McCue of Clean Ocean Action, a coalition of more than 130 environmental organizations in New Jersey and New York, said the manufacture of thin-film plastic bags consumes millions of trees and barrels of oil, takes up space in landfills for a long time and is harmful to marine life, especially birds and sea turtles that ingest the bags, or pieces of bags, or get entangled in them.
Cairn says it has found natural gas in thin sandlayers in one of its test wells, indicating the presence of oil.
Narrow and Mislabeled ETFs: Like U.S. Oil, many ETFs these days are trying to create robust businesses out of thin air and have to make costly, or misleading, compromises to do it.
The government is walking a thin line trying to address environmental concerns with suitable regulation while also looking to boost employment and falling production among oil and gas majors like Exxon and BP by allowing new exploration projects.
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