• International Commerce and Information Review
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• v.13 no.3
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• pp.119-142
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• 2011

Competitions for secure oil are intense around the world due to the limited oil reserves. The situations are becoming more serious as China has participated in the competition. This paper aims to investigate China's offshore oil development strategies to balance the supply and demand of oil and then suggest its policy implications. A surging increase of oil demand due to the rapid economic growth as well as the stagnation in domestic oil output has turned China into a net oil importer since 1993. Therefore, China has placed a significant priority on securing long-term stability of its offshore oil to cope with the rapid growing demand. It has taken a variety of strategies to secure stable oil resource such as development of offshore oil resource, increasing the number of oil importing countries. China with the highest foreign exchange reserve of approximately $3 trillion as of 2010, has considered to employ foreign exchange reserves while making a huge amount of investment to secure oil resource. China has pursued several policies such as loan to oil production country for securing oil, foreign direct investment on offshore oil development, M&A of oil exploration and production companies and geographical diversification of oil importing countries. China has promoted offensive strategies for securing oil resource rather than cooperation with other countries. Thus, China should find a trade-off point for recovering relationship with international society while developing and investing renewable energy for long-term future. It will also address some implications for Korea, which has to prepare new strategies of overseas oil development.

• Journal of the Korean Society of Marine Environment & Safety
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• v.11 no.2 s.23
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• pp.103-108
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• 2005

For the development of a disk type oil skimmer for a tank lorry, a basic study on comparison of oil recovery performance between disk materials of oil skimmer was conducted. The experiment results are summarized as follows: In all the disks, the volume of recovery of bunker-A oil was greater than diesel oil. In light oil, there was nearly no differences in the volume of oil recovery by disk material, but in the case of bunker A oil, recovery efficiency showed big differences depending on the disk materials. For diesel oil, the differences in the volume of oil recovery per unit of operation time from the initial time zone were hardly shown. However, the volume of recovery of bunker-A oil linearly increased from the initial operation time in all the disks and the increase showed a slew moving trend as time. went on; therefore, the volume of oil recovery per unit of operation time showed differences depending on time. This result shows that oil viscosity has an effect on the disk recovery efficiency. When comparing the mass of pure oil recovery and the volume of water recovery in the total mass of recovery by bunker-A oil, there was no difference in the volume of oil recovery between the window-aluminum material disk and the disks consisting of other materials, but the volume of water recovery of the former was relatively very small This shows the most ideal result in view of oil recovery efficiency that considers the volume of water recovery. In conclusion, it was found that aluminum is the most advantageous as the material for tank lorry oil skimmer disk.

• Management Science and Financial Engineering
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• v.14 no.2
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• pp.105-118
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• 2008

There are many debates on the topic of the relationship between oil prices and economic growth. Through the repeated processes of conformations and contractions on the subject, two main issues are developed; one is how to define and drive oil shocks from oil prices, and the other is how to specify an econometric model to reflect the asymmetric relations between oil prices and output growth. The study, thus, introduces the unobserved component model to pick up the oil shocks and a first-order Markov switching model to reflect the asymmetric features. We finally employ unique oil shock variables from the stochastic trend components of oil prices and adapt four lags of the mean growth Markov Switching model. The results indicate that oil shocks exert more impact to recessionary state than expansionary state and the supply-side oil shocks are more persistent and significant than the demand-side shocks.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.16 no.5
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• pp.408-413
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• 2004

An experimental study has been carried out to investigate overheating of oil and bearing housing during pump operation. This problem is of particular interest in the pre diction of lifetime and failure of pump. Transient variation of oil temperature as well as bearing housing temperature is measured to study the effect of oil viscosity, oil amount, and discharge flow rate of pump. It is found that optimal oil quantity as well as proper viscosity of oil is required to keep the safe temperature level of oil and bearing housing in a pump. The oil temperature at steady state is almost not affected by discharge flow rate in the range of discharge flow rates considered in the present study.

• Proceedings of the Korea Committee for Ocean Resources and Engineering Conference
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• 2001.10a
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• pp.185-189
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• 2001

A study on the new active circulation type oil-water separation system including buoyancy type guidance system was carried out in this paper. Oil-water separation system is composed of several oil separation steps. Buoy type oil guiding system was developed based on the difference of buoyance of water and oil. The design speed of this vessel is 25 knots.

• Journal of the Korean Society of Manufacturing Technology Engineers
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• v.21 no.4
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• pp.541-546
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• 2012

This study investigates the detection system of oil pollution level using single optical fiber sensor. This study focus on sensing of oil pollution by moisture and iron powder which are representatives of oil pollution factor. In addition, It is placed that the water and iron powder as an oil pollution factor in the oil tank which is the oil circulation in. The oil pollution detection system was measured by the changing of intensity of light and sensing gap. The result of this experimentation not only confirmed the contamination by moisture volume in the oil tank from the section 190ppm to 540ppm, but also monitored the contamination by iron volume from the section 1200ppm to 3500ppm. This study confirmed effectiveness of this detection system using optical fiber sensor. There is expectations of measuring another section by various optical fiber sensor.

• Tribology and Lubricants
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• v.13 no.1
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• pp.76-81
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• 1997

The lubrication characteristics of high-speed roller bearings at oil-starvation have been investigated empirically using the bearings employed in small industrial gas turbine engines. Testing was done by simulating the oil-starvation conditions in engines, such as stopping the oil-supply to the bearing during normal operating, starting without oil-supply at atmospheric temperature, and accelerating with oil-supply at atmospheric temperature. During testing, the temperature of bearing, the power consumption, and the rotating resistance of the bearing were measured. From this study, on the contrary to the ball bearing, it was found that the resistance of the bearing was higher at the regime of without oil-supply than that at the regime of with oil-supply, despite less power consumption.

• Korean journal of food and cookery science
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• v.9 no.4
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• pp.293-297
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• 1993

This study aims to seek ways to improve frying stability of soybean oil which is widely used for deep frying while at the same time attempting to develop new frying oil and fat of high quality. Taking soybean oil as a control group, the study fried frozen potatoes with hydrogenated soybean oil with iodine value ranging from 60 to 110 for 15 hours. The test results showed that in frying stability, hydrogenated soybean oil with iodine value of 87 and 63 was superior to normal soybean oil and hydrogenated soybean oil with iodine value of 111(P<0.05). In sensory evaluation, however, no significant difference can be detected among groups(P>0.05). The correlation between physicoche-mical properties and sensory evaluation results was highest for smoke point and viscosity. This study concludes, therefore, that hydrogenated soybean oil with iodine value of 60~90 is better than normal soybean oil as deep-frying oil.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.35 no.1
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• pp.77-82
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• 1999

This study was conducted on the properties of exhaust emissions of diesel oil and fish oil blended with diesel oils using a direct injection diesel engine at different loads, and on the conditions of carbon deposits of diesel oil and 40% blend oil in the combustion chamber after 20 hours operation at $\frac{1]{2}$ load. The properties of exhaust emissions by fish oil blended with diesel oils showed no significant difference with diesel oil. However, soot emissions decreased, increasing the ratio of fish oil. Carbon deposits by fish oil blended with diesel oils were high level compared with diesel oil, which might be overcome by preheating of fuel oil and operating conditions.

• Journal of the Korean Society of Marine Environment & Safety
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• v.5 no.2
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• pp.67-78
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• 1999

Recently, a greater part of all ship use a coarse heavy fuel oil(HFO) over specific gravity(S.G) 1.00/15$^{\circ}C$ and viscosity 3,500 cSt/4$0^{\circ}C$ as the fuel oil of marine boiler or internal combustion engine from the viewpoint of economical ship' operation. The greater plan to improve a combustion methods of heavy fuel oil, such as atomization, homogeneity and emulsification, were contrived and carried out newly, and then applied 20kHz ultrasonic homogenizer to one of test methods. Also, adopted the marine oils(fuel oil and lubricating oil etc.) and sludge oil as test solutions, and its matrix structures were examined with photographs, Especially, it is important at control system of oil pollution, for the sludge oil emulsified, to be recycled as fuel oil of boiler according to 20kHz Ultrasonic homozenizer, and then fuel saving is attained effectively by making sludge oil to be burnt.