2. Determine the price per barrel for Wyoming General Sour crude with and API gravity of 29⁰. The price for 40-44.9 "API is $77.28. The Gravity Adjustment Scale is #8. "Less $0.02 per barrel for each full degree API below 40.9° to 36.9°, then less $0.04 per barrel for each full degree API from 36.9° to 34.0°, then less $0.02 per barrel for each 0.1 degree API below 34.0⁰ and less $0.015 per barrel for each 0.1 degree API above 44.9" The adjustment is $0.08 + $0.12 + $0.015 (34-29) *10= $1.20/bbl. Our price is $76.08. Not all crude oils are created equal.
2. Determine the price per barrel for Wyoming General Sour crude with and API gravity of 29⁰. The price for 40-44.9 "API is $77.28. The Gravity Adjustment Scale is #8. "Less $0.02 per barrel for each full degree API below 40.9° to 36.9°, then less $0.04 per barrel for each full degree API from 36.9° to 34.0°, then less $0.02 per barrel for each 0.1 degree API below 34.0⁰ and less $0.015 per barrel for each 0.1 degree API above 44.9" The adjustment is $0.08 + $0.12 + $0.015 (34-29) *10= $1.20/bbl. Our price is $76.08. Not all crude oils are created equal.
Introduction to Chemical Engineering Thermodynamics
8th Edition
ISBN:9781259696527
Author:J.M. Smith Termodinamica en ingenieria quimica, Hendrick C Van Ness, Michael Abbott, Mark Swihart
Publisher:J.M. Smith Termodinamica en ingenieria quimica, Hendrick C Van Ness, Michael Abbott, Mark Swihart
Chapter1: Introduction
Section: Chapter Questions
Problem 1.1P
Related questions
Question
Transcribed Image Text:vivalence
n
2. Determine the price per barrel for Wyoming General Sour crude with and API gravity of 29º.
The price for 40-44.9 °API is $77.28. The Gravity Adjustment Scale is #8. "Less $0.02 per
barrel for each full degree API below 40.9° to 36.9°, then less $0.04 per barrel for each full
degree API from 36.9° to 34.0°, then less $0.02 per barrel for each 0.1 degree API below 34.0*
and less $0.015 per barrel for each 0.1 degree API above 44.9**
The adjustment is $0.08 + $0.12 + $0.015 (34-29) *10= $1.20/bbl. Our price is $76.08.
Not all crude oils are created equal.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 5 images
Recommended textbooks for you
Introduction to Chemical Engineering Thermodynami…
Chemical Engineering
ISBN:
9781259696527
Author:
J.M. Smith Termodinamica en ingenieria quimica, Hendrick C Van Ness, Michael Abbott, Mark Swihart
Publisher:
McGraw-Hill Education
Elementary Principles of Chemical Processes, Bind…
Chemical Engineering
ISBN:
9781118431221
Author:
Richard M. Felder, Ronald W. Rousseau, Lisa G. Bullard
Publisher:
WILEY
Elements of Chemical Reaction Engineering (5th Ed…
Chemical Engineering
ISBN:
9780133887518
Author:
H. Scott Fogler
Publisher:
Prentice Hall
Introduction to Chemical Engineering Thermodynami…
Chemical Engineering
ISBN:
9781259696527
Author:
J.M. Smith Termodinamica en ingenieria quimica, Hendrick C Van Ness, Michael Abbott, Mark Swihart
Publisher:
McGraw-Hill Education
Elementary Principles of Chemical Processes, Bind…
Chemical Engineering
ISBN:
9781118431221
Author:
Richard M. Felder, Ronald W. Rousseau, Lisa G. Bullard
Publisher:
WILEY
Elements of Chemical Reaction Engineering (5th Ed…
Chemical Engineering
ISBN:
9780133887518
Author:
H. Scott Fogler
Publisher:
Prentice Hall
Industrial Plastics: Theory and Applications
Chemical Engineering
ISBN:
9781285061238
Author:
Lokensgard, Erik
Publisher:
Delmar Cengage Learning
Unit Operations of Chemical Engineering
Chemical Engineering
ISBN:
9780072848236
Author:
Warren McCabe, Julian C. Smith, Peter Harriott
Publisher:
McGraw-Hill Companies, The