• Title/Summary/Keyword: crude oil

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Analysis of the Spillover Effects on the Management Profits of Offshore Fishery by the Fluctuations in the Crude Oil Prices (원유가상승이 근해어업의 경영수지에 미치는 파급효과 분석)

  • 김현용;강연실
    • The Journal of Fisheries Business Administration
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    • v.32 no.1
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    • pp.15-39
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    • 2001
  • The study, using the input-output analysis of 402 industrial sectors by Bank of Korea(BOK) and the resulting outcomes of price model, aims to evaluate the spillover effects the international fluctuations in crude oil prices have on the commodities prices and consequently, analyse the management and profitability of the offshore fisheries in Korea. At present, the fisher men are provided with tax-free oils for their fishing operations as specified under the Special Tax Treatment Control Law. However, the exhaustion of marine resources and new international fisheries agreements, which resulted in the loss of fishing grounds, made the stable catch even more unpredictable and the hike in the price of the international crude oil would have adverse effects on the fishing industry. The study revealed that the increasing rise in the price of crude oil would exert sweeping spillover effects on other industry sectors in general and accordingly, lead to a poorer performance by fisheries. The price spillover coefficients for the diesel oil was 0.6026, which would translate into the 42.6% increase in the prices of oil when the increase ratio of 73.3% for the base crude oil was applied based on the calculation methods employed in the study. This in turn increased the ratio of diesel oil required in the offshore fisheries from 23.3% to 16.6%, diminishing the ratio of current net profits to minus 2.0% from 4.2% otherwise. By fishing type, the Pair Trawl suffered current net profits loss most by ratio of minus 9.4% and other fisheries such as Coastal Stow Nets, Coastal Angling, Danish Sein also suffered ratio of 7% and more in the loss of current net profits. With the deteriorating fishing performance, coupled with the increasing international crude oil prices, it is urgently required that the authorities concerned deliberate in depth on such schemes as follows in efforts to secure stable fishing production. First, provision of large-scale storage facilities for oil is needed to timely adapt to the fluctuations in international crude oil prices. Secondly, in line with the stabilization of tax-free oil prices, duty levied on oils for fishing and tax collected from the refineries need to be tax-exempt. Thirdly, the beneficiaries from the provision of tax-free oil should be broadened, not limited to special fishing operation only. Fourth, investment in stabilization of the oil prices should be encouraged, possibly through funding from the formation of fisheries development funds underway.

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Laboratory Study for the Identification of Parameters affecting the Penetration Behavior of Spilled crude oil in a Coastal Sandy Beach (해양에서 유출된 기름의 해변 토양 침투거동에 미치는 영향인자 규명 실험)

  • Cheong Jo, Cheong
    • Journal of Soil and Groundwater Environment
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    • v.8 no.1
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    • pp.81-86
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    • 2003
  • Understanding the penetration behavior of the spilled oil is very important to remove itself and to minimize its impact on intertidal biological communities by earlier treatment of the oil. The purpose of this study is to clarify the effects of wave and tidal actions on the penetration of spilled oil and to evaluate main factors of oil penetration using a sandy-beach model. Infiltration processes into the sediments showed significant difference between seawater and crude oil. Seawater was infiltrated by both wave action and tidal fluctuation into the sediments in sandy beach. However, spilled crude oil penetrated into the sediments only by falling tides and not by wave action, and the first tide is most important for the penetration of stranded oil. Over 70% of bulk fraction in penetrated crude oil was concentrated to the top 2 cm sediment-layer when spilled oil volume was 1 L/$\textrm{m}^2$. Moreover, the penetration of stranded oil into the sandy beach sediments was strongly correlated with the oil viscosity affected by temperature.

The Asymmetric Response of Gasoline Prices to International Crude Oil Price Changes Considering Inventories (재고를 고려한 국제원유가격변동에 따른 휘발유 가격의 비대칭성 연구)

  • Bae, Jeeyoung;Kim, Soohyeon;Kim, Moonjung;Oh, Soomin;Heo, Eunnyeong
    • Environmental and Resource Economics Review
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    • v.22 no.4
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    • pp.643-670
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    • 2013
  • This study analyzed the impact of crude oil inventory while gasoline price adjusts to international crude oil price(WTI) fluctuations. We mainly focused on asymmetric relationship between crude oil and petroleum product prices and added oil inventory as an variable, using the error correction model which is based on Borenstein et al.(1997). This paper selected the sample period from January 1988 to December 2012, analyzed the asymmetry of each intervals and the influence of crude oil inventory to the degree of asymmetry changes, both full period and five years period respectively. The results showed that when considering crude oil inventory, existence and degrees of time amount asymmetry varies.

Effect of Hydrocarbon Uptake Modes on Oil Degradation Rate by Mixed Cultures of Petroleum Degraders (Hydrocarbon Uptake Modes에 따른 유류분해 미생물 혼합체의 원유분해능)

  • 고성환;이홍금;김상진
    • KSBB Journal
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    • v.13 no.5
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    • pp.606-614
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    • 1998
  • In this study, biodegradation rate of Arabian light crude oil by mixed cultures of selected petroleum-degraders was determined. Their modes of hydrocarbon uptake were then observed to determine whether there are differences in biodegradation rate by the mixed cultures. By the mixed cultures of petroleum-degraders having same modes of hydrocarbon uptake, such as strain US1 and K1 (using pseudo-solubilized hydrocarbons by a biosurfactants), K2-2 and P1(using hydrocarbons by direct contact), CL 180 and IC-10 (mixed type of uptake modes), the biodegradation rates of aliphatics in the crude oil were increased more than those by their pure cultures, about 40%, 25% and 20%, respectively. Biodegradation rate of strain KH3-2 (using only water- dissolved hydrocarbons) was increased by mixed cultures with strain K1, CL180 or IC-10 possessing high emulsifying activity. However, the biodegradation rate of the crude oil was decreased about 20%-40% by the mixed cultures of petroleum-degraders having different mode of hydrocarbon uptake, such as addition of strain US1 or K1 in the cultures of K2-2 or P1. Biosurfactants produced by US1 or K1 seems to enhance the emulsification of crude oil in aqueous phase but inhibit the attachment of K2-2 or P1 to crude oil. As same phenomena, the addition to Triton X-100 into the culture of strain US1, K1, CL180, IC-10 or KH3-2 increased the biodegradation rate, but the addition in the culture of strain K2-2 or P1 decreased the biodegradation rate. The mixed culture made of CL180, IC-10 and KH3-2 degraded 61.5% of aliphatics and 69% of aromatics in 3% (v/v) of Arabian light crude oil added.

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Biodegradation of crude oil hydrocarbons by Acinetobacter sp. isolated from activated sludge (활성슬러지에서 단리한 Acinetobacter sp.에 의한 원유탄화수소분해)

  • Dong-Hyuk CHOI;Dong Hoon LEE
    • Journal of Korea Soil Environment Society
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    • v.5 no.1
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    • pp.97-108
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    • 2000
  • A Gram-type negative bacteria that can utilize crude oil as the sole source of carbon and energy was isolated from an activated sludge of a local sewage treatment plant and identified tentatively as belonging to the genus Acinetobacter. The isolate could degrade n-alkanes and unidentified hydrocarbons in crude oil and utilize n-alkanes, hydrophobic substrates, as sole carbon and energy sources. n-Alkanes from tridecane (Cl3) to triacontane (C30) in crude oil were degraded simultaneously with no difference in degradation characteristics between the two close odd and even numbered alkanes in carbon numbers. The linear growth of the isolate and the degradation characteristics of Pr-alkanes suggested that the transport of substrates from the oil phase to the site where the substrates undergo the initial oxidation in microorganism might be the rate limiting in the biodegradation process of crude oil constituents. The remainder fraction of substrates after cultivation was considered to reflect the hydrocarbon inclusions in the cell mass, characteristics in Acinetobacter species, and to control the transport of substrates from crude oil phase. On the basis of the results, the isolate was considered to play an important role in the degradation study of hydrophobic environmental pollutants.

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Oxidative Stability of Perilla oil by Storage Temperature (저장온도에 따른 들깨기름의 산화 안전성)

  • 백숙은
    • Journal of the East Asian Society of Dietary Life
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    • v.4 no.3
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    • pp.97-102
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    • 1994
  • The oxidative stability of perilla oil were examined by measuring peroxide value. The induction period of perilla oil for each storage temperature was measured by POV and indicated that it was 80 days for 45$^{\circ}C$, 22.5 days for 65$^{\circ}C$, 9.5 days for 85$^{\circ}C$ and 5 days for 105$^{\circ}C$ respectively. Also, the induction period of the perilla oil with different concentration of ginger powder at 85$^{\circ}C$was studied and has been found that 9.4 days for 6% ginger powder, 11.9 days for 4% and 11days for 2% ginger power. The relative antioxidant effectiveness of ginger power was 99% for 6% ginger power, 125% for 4% ginger power, 122% for 2% ginger power. The induction period of perilla oil with gingerol at 85$^{\circ}C$ was 13.5days for 2% crude gingerol, 11.7days for 0.2% crude gingerol and 12.0 days for 0.02% BHT. The elativi antroxidant effectiveness of perilla oil gingerol at 85$^{\circ}C$was 142% for 2% crude gingerol, 123% for 0.2% crude gingerol, 126% for 0.02% BHT.

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A Study on Oil Price Fluctuation and Offshore Oil Production Outlook (유가변동과 해양석유 생산 동향에 관한 연구)

  • Gu, Ji-Hye;Kim, Si-Hwa
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2015.10a
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    • pp.253-255
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    • 2015
  • Crude oil is the world's most actively traded commodity and also one of the most significant resources in the world. The impact of oil price volatility has great influences on macroeconomic activities. This presentation is to review and analyze the oil price fluctuation and to examine the effects especially on the offshore oil production and thereafter to look over the challenges and opportunities in this sector focusing on the petroleum logistics.

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Characterization of Oil Degrading Bacterium Pseudomonas sp. BCK-1 Isolated from the Coastal Water of Yosu, Korea (여수주변해역에서 분리한 유류분해세균 Pseudomonas sp. BCK-1의 특성)

  • KOO Hoen-Seo
    • Korean Journal of Fisheries and Aquatic Sciences
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    • v.34 no.2
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    • pp.145-150
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    • 2001
  • A marine bacterium having a high oil-degrading activity was isolated from the coastal water of Yosu, Korea, identified as Pseudomonas sp. and named Pseudomonas sp. BCK-1. The optimal temperature, pH and NaCl concentration for cell growth was $30^{\circ}C$, 7.0 and $3\%$ (w/v), respectively. After cultivation at $30^{\circ}C$, 180 rpm in 250 mL erlenmeyer flask for 72 and 168 hours, $2\%$ (w/v) arabian light crude oil (ACO) and bunker C oil (BCO) which are considered to be hardly biodegradable compounds were degraded $92\%$ (w/w) and $72\%$ (w/w), respectively.

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Study on Crude Oil Productions and its practice with Rice hull As Treated in Various Supercritical Solvents on Application of Liquefaction Technology (Liquefaction technology 적용 시 왕겨를 이용한 Crude oil 생산 및 적용 연구)

  • Shin, JoungDu;Baek, Yi;Hong, Seung-Gil;Kwon, Soon-Ik;Park, Woo-Kyun;Park, SangWon
    • Journal of the Korea Organic Resources Recycling Association
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    • v.18 no.1
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    • pp.110-118
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    • 2010
  • Supercritical treatment of liquefaction technology for rice hull was investigated the biomass conversion rate and evaluated its crude oil in respect to feasibility of burner in order to heat the green house. The reaction was carried out in a 5,000 mL liquefaction system with dispenser and external electrical furnace. Raw materials (160 g) of rice hull and 3,000 mL of different solvents were fed into the reactor. It was observed that the maximum crude oil yield was about 84.4 % with 1-butanol. The calorific value of crude oil from ethanol solvent were 7,752 kcal/kg. Furthermore, in case study of co-solvent with ethanol and bulk-glycerol, it observed that more than 80 % of rice hull was decomposed and liquefied in its solvent at $315{\sim}326^{\circ}C$ for 30 min. For the development of applicable bio-fuel from rice hull, it was considered that its feasibility is necessary to be carried out for co-solvent soluble portions. Regarding to utilize the crude oil into burner as fuel, it was observed that its calorific value was lower at approximately 24 % than the diesel. Also, flame length from crude oil at lower temperature was decreasing due to incomplete incineration. The temperature of warm wind on the burner was maintained between 63 and $65^{\circ}C$, and the temperature of emission line was appeared at $350{\sim}380^{\circ}C$.

Antioxidant Atctivity of Crude GingerolI. Thermal Stability of Gingerol from Ginger and Effect of its Concentration on the Oxidation of Soybean Oil (Crude Gingerol의 항산화 효과 I. 생강 Gingerol의 열안정성 및 대두유에 대한 농도에 따른 항산화 효과)

  • 백숙은;우상규
    • Korean journal of food and cookery science
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    • v.9 no.1
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    • pp.33-36
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    • 1993
  • This study was carried out to investigate the thermal stability of gingerol from Ginger and effect of its concentration on the oxidation of soybean oil. After Heating gingerol, the contents of remained gingerol was measured by HPLC. After heat treatment at $105^{\circ}C$ for 3 hours, 94.5% of gingerol was remained, whereas at $165^{\circ}C$ for 30 min., only 10% of gingerol was remained. Crude gingerol was also added to soybean oil at the concentration of 0.02%, 0.1% and 0.2% by weight of oil, respectively. The oils with crude gingerol were heat-treated at $105^{\circ}C$ for 5 hours and $165^{\circ}C$ for 30 minutes, respectively, and then the heat-treated oils were incubated at $45^{\circ}C$ for 25 days. The peroxide value of the oils was measured in order to estimate the antioxidant activity of crude gingerol compared with BHT. In the soybean oil heated at $105^{\circ}C$ for 5 hours, crude gingerol showed antioxidant activity at all concentration and the activity was more effective than 0.02% BHT. And during the storage of the heat-treated oils at $45^{\circ}C$, the antioxidant activity of crude gingerol increased in direct proportion to its concentration. In the soybean oil heated at $165^{\circ}C$ for 30 minutes and then stored at $45^{\circ}C$, the antioxidant activity of crude gingerol increased in direct proportion to its concentration.

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