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- 30 readers -
  • Six Ohio Residents Defrauded Investors

    … of approximately $17 million from 2010 to 2014. Grant was sentenced to 92 months in prison and Abdallah was sentenced to 82 months in prison. In addition, four others were sentenced to prison for marketing KFTA as a company that earned profits from buying and selling crude oil and refined fuel products. According to court records, the Defendants…

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

    … More Oil Patch Workers Denied Pay (Wage Theft) March 27, 2016 by Brian Mahany 241 Oil Field Workers to Receive $1.5 million for Wage Theft; More Money May Be Forthcoming Wage theft is a huge problem nationwide. And with crude oil prices so low, many exploration and production workers are really feeling the pinch. Federal law requires most…

    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

    … article expounded, “Chicago is at the heart of crude oil shipments.” These tankers can carry a range of gaseous or liquid commodities, some hazardous, and some pressurized. These volatile and flammable shipments are especially dangerous in the event of derailment, a possibility that becomes increasingly probable as more and more trains pass through…

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

    … be attributed directly to previous personal injury and wrongful death lawsuits), some employers still skirt the rules in order to increase profits at the expense of their workers’ safety. When this negligence leads to a serious personal injury or wrongful death on the worksite, the employer opens the company up to a potential personal injury lawsuit…

    Jeff Rasansky/ Rasansky Law Firm- 29 readers -
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