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Yet economic growth does not come from simply using more energy. Crude oil accounted for 48% of this price, refining costs and profits accounted for 19%, federal and state taxes accounted for 19%, and distribution and marketing accounted for 14%. [297] * Crude oil resources [298] can be grouped into four major categories based upon their accessibility: conventional oil, which is located in porous rocks and reservoirs that allow the oil to freely flow to the surface of the earth when it is accessed through drilling. [299] [300] tight oil (sometimes called shale oil [301] [302] [303] ), which is located in semi-porous or non-porous rocks that don’t allow the oil to freely flow when accessed through drilling.

Pages: 160

Publisher: Praeger Publishers Inc (January 1976)

ISBN: 0275015300

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