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	<title>Oil and Gas on Oil ang Gas Glossary and Slang</title>
	<link>http://oilgasinformation.com/forum/oil-and-gas-bussiness-and-technology/oil-ang-gas-glossary-and-slang/page-1/post-18/#p18</link>
	<category>Oil and Gas Bussiness and Technology </category>
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	<description><![CDATA[<p><strong>Alchemy:</strong> A medieval chemical idea whose goal was to change                base metals into gold.</p>
<p><strong>Bar Association:</strong> A professional association made up of all                lawyers of a specific province.</p>
<p><strong>Black gold:</strong> A slang term for oil.</p>
<p><strong>Boom</strong>: A time of great growth, development, or rapid progress.</p>
<p><strong>Chemist</strong>: A scientist specializing in the structure and properties                of matter, especially of atomic and molecular systems.</p>
<p><strong>Crude Oil:</strong> Unrefined liquid petroleum as it comes out of                the ground. Crude oils range from very light (high in gasoline)                to very heavy (high in residual oils).</p>
<p><strong>Derrick</strong>: A tall, metal framework over a drilled oil well                that is used to support drilling equipment or hoist and lower lengths                of pipe.</p>
<p><strong>Devonian</strong>: Belonging to the geologic time period from 405                million to 345 million years ago. The period was characterized by                the appearance of amphibians and insects and the first forests.</p>
<p><strong>Ecology</strong>: The science of the relationships between organisms                and their environments.</p>
<p><strong>Economy</strong>: The system of economic activity within a country,                region, or community.</p>
<p><strong>Embargo</strong>: A government order imposing a trade barrier on                a certain product or with a certain country.</p>
<p><strong>Engineer</strong>: A person who uses scientific and mathematical                principles to design and manufacture structures, machines, processes,                or systems.</p>
<p><strong>Gas</strong>: Natural gas is a fossil fuel mixture of hydrocarbon                gases that occurs with petroleum deposits. It is mostly methane                with small amounts of ethane, propane, butane, and other gases.                It is found in a gaseous state and is used for cooking and heating                homes.</p>
<p><strong>Geologist</strong>: A person who studies the origin, history, and                structure of the earth.</p>
<p><strong>Geophysicist</strong>: A scientist who studies the movements of the                earth and its environment, including within fields such as meteorology,                oceanography, and seismology.</p>
<p><strong>Incentive</strong>: Anything, such as the fear of punishment or a                reward that motivates effort.</p>
<p><strong>Jughound:</strong><em> </em>An entry-level physical labour job on a                seismic recording crew. It is their responsibility to carry and                lay out cable.</p>
<p><strong>Kyoto Accord:</strong> An international treaty on global warming.                Countries that sign this agreement commit to reduce their emissions                of carbon dioxide and five other greenhouse gases. A total of 141                countries have ratified the agreement. A notable exception is the                United States.</p>
<p><strong>Legislature:</strong> An officially elected group of people with                the responsibility and power to make laws for a province. Also refers                to the actual building where they discuss new legislation.</p>
<p><strong>Maverick:</strong>&#160;There are two main definitions.</p>
<blockquote>
<p>1. Originally, it referred to cattle that have not been branded                  yet, usually meaning a calf that has become separated from its                  mother. They were usually considered the property of the first                  person to brand them.</p>
<p>2. Today, it refers to a person who is independent in thought                  and deed, or who refuses to "go along with the group."</p>
</blockquote>
<p><strong>Multinational</strong>: A company that operates or invests in more                than two countries.</p>
<p><strong>National Energy Program (NEP)</strong>: The government of Prime Minister                Pierre Trudeau enacted the NEP in 1980. The program came from the                wake of the energy crises of the 1970s and was designed to promote                oil self-sufficiency, maintain the oil supply for industry in eastern                Canada, promote lower prices and oil-exploration, and increase government                revenues from oil sales through increased taxes. The program was                enormously unpopular in Western Canada, and heightened distrust                of the federal government.</p>
<p><strong>Natural Gas</strong>: Natural gas is a fossil fuel mixture of hydrocarbon                gases that occurs with petroleum deposits. It is mostly methane                with small amounts of ethane, propane, butane, and other gases.                It is found in a gaseous state and is used for cooking and heating                homes.</p>
<p><strong>Oil</strong>: A thick, flammable, yellow-to-black mixture of gaseous,                liquid, and solid hydrocarbons that occurs naturally beneath the                surface. It can be separated into component parts that include natural                gas, gasoline, naphtha, kerosene, and jet engine fuel. Oil is a                non-renewable resource, as it cannot be replenished within a short                time.</p>
<p><strong>Oil Deposits:</strong> A concentration of either the liquid (petroleum)                and gas phases (natural gas) of oil that collect in pools under                the earth&#39;s surface. A drilling and pumping process is used to extract                it, after which it is sent to a refinery to be made usable.</p>
<p><strong>Oil Well:</strong> An artificial hole drilled into the earth, usually                cased with metal pipe, for the release of natural gas or oil.</p>
<p><strong>Oilpatch</strong>: The oil and natural gas industry as a whole.</p>
<p><strong>Paleontologist</strong>: The study of life that existed in prehistoric                or geologic times through fossils of plants and animals.</p>
<p><strong>Petroleum</strong>: Refers to a range of substances composed primarily                of carbon and hydrogen that are found in rock. The word derives                from the Latin words <em>petra</em> for rock and <em>oleum</em> for                oil and literally means "rock oil." Although petroleum                can be found in solid or gaseous form, the term usually refers to                liquid forms of crude oil and natural gas.</p>
<p><strong>Politics</strong>: The art or science of government of a political                entity, such as a nation, and the administration and control of                its internal and external affairs.</p>
<p><strong>Porous</strong>: Rock or soil that admits the passage of gas or liquid                through small spaces. A sponge is very porous.</p>
<p><strong>Precambrian Shield:</strong> Also called the Canadian Shield, it                is a large area in eastern and central Canada composed of bare rock                dating to the Precambrian Era (between 4.5 billion and 540 million                years ago).</p>
<p><strong>Recession</strong>: An extended decline in general business and economic                activity.</p>
<p><strong>Refinery</strong>: An industrial plant for purifying crude oil and                separating it into its component parts.</p>
<p><strong>Roughneck:</strong> Any member of an oilrig crew other than the driller.</p>
<p><strong>Socred</strong>: A name for a member of the Social Credit Party,                a Canadian political party originally based on the Social Credit                theory of Major C.H. Douglas. It reached its height of popularity                in the 1930s as a result of the Great Depression. This theory argued                that all citizens have a claim to part of the wealth that we have                jointly produced and financial institutions should be put under                social control.</p>
<p><strong>Speculation</strong>: Investing in risky business transactions on                the chance of a quick and considerable profit.</p>
<p><strong>Stratigrapher</strong>: A scientist that studies rock strata (or                levels), especially the distribution, deposition, and age of sedimentary                rocks.</p>
<p><strong>Tar Sands:</strong> Also called oil sands or bituminous sands. It                is a combination of clay, sand, water, and bitumen (hydrocarbons),                which is then refined into oil. Tar sand deposits are mined using                strip-mining techniques.</p>
<p><strong>Well shooter:</strong> A person who drops explosives down a drilled                well in order to get it producing oil or natural gas.</p>
]]></description>
	<pubDate>Wed, 05 Nov 2008 17:49:22 -0600</pubDate>
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