Crude Oil

Petroleum (L. petroleum, from Greek: πέτρα (rock) + Latin: oleum (oil)) is a naturally occurring, yellow-to-black liquid found in geologic formations beneath the Earth's surface, which is commonly refined into various types of fuels. It consists of hydrocarbons of various molecular weights and other liquid organic compounds. The name petroleum covers both naturally occurring unprocessed crude oil and petroleum products that are made up of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, usually zooplankton and algae, are buried underneath sedimentary rock and subjected to intense heat and pressure.
Posts about Crude Oil
  • New Laws in Texas for 2017

    … 441] House Bill 441, which has already gone into effect, simply states that a school district may not provide student instruction on Memorial Day.  Limited Liability of First Responders [HB 590] House Bill 590, which will take effect on September 1st, 2017, will shield first responders who provide roadside assistance in good faith from liability…

    Jeff Rasansky/ Rasansky Law Firm- 26 readers -
  • Six Ohio Residents Defrauded Investors

    … Six Ohio Residents Defrauded Investors Posted on Thursday, November 10, 2016 at 9:08 AM From the Desk of Jim Eccleston at Eccleston Law LLC: The owners of KGTA Petroleum, Ltd, Kenneth Grant of Copley, Ohio and Thomas Abdallah of Brunswick, Ohio, were sentenced to prison for their roles in a conspiracy to defraud about 70 investors out…

    Eccleston Law Offices- 11 readers -
  • More Oil Patch Workers Denied Pay (Wage Theft)

    … servicing. The Department of Labor found that the companies failed to keep accurate time records and failed to pay workers overtime. The 241 were collectively awarded $751,000. Under the Fair Labor Standards Act (FLSA), the award is doubled to $1.5 million plus Nova will be ordered to pay the group’s legal fees. An investigation by the government found…

    Due Diligence- 26 readers -
  • Magnum Hunter Resources Corp.—Bankruptcy Filing

    … of natural gas, natural gas liquids and crude oil, primarily in the States of West Virginia and Ohio? If you invested through a brokerage firm or stockbroker, you may be entitled to compensation if the investment was unsuitable or investment risks were not adequately disclosed to you prior to the investment. You may contact us for a free, no-obligation…

    Alan Rosca/ Investment Fraud Lawyers- 40 readers -
  • Junk Bond Funds Have Trouble Honoring Redemptions

    … hoping to sell and salvage whatever they can. Billionaire business magnate Carl Icahn tweeted this week, “The meltdown in High Yield is just beginning.” Icahn is probably right. The fall in crude oil prices this week will only further hasten the demise of more shale bonds and junk bond funds. (Oil briefly dipped below $35 per barrel…

    Due Diligence- 10 readers -
  • Growing Concerns to make Railroads Safer

    … double the amount of hazardous materials than in years past. This dramatic rise in railway traffic has brought with it growing concerns for increased railroad safety. EJ&E, or the Elgin, Joliet and Eastern Railway is a railroad that began operating in 1889 and runs between Waukegan Illinois and Gary Indiana. In 2008, this railroad was purchased…

    Jared Staver/ Chicago Personal Injury Lawyer- 22 readers -
  • Oilfield Injuries

    … with increasing frequency. Every day, new wells are being discovered and tapped into, thanks to the growing demand for energy and for products derived from crude oil. Many individuals living in such areas are drawn to these worksites due to the promise of employment and good pay. While huge strides have been made in the name of safety (most of which can…

    Jeff Rasansky/ Rasansky Law Firm- 29 readers -
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