Petrol

Petrol

a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. A fossil fuel, it is formed when large quantities of dead organisms, usually zooplankton and algae, are buried underneath sedimentary rock and undergo intense heat and pressure.

Industry: Energy

Add a new term

Contributors in Petrol

Become a Contributors

Petrol

Nonutility generation (NUG)

Energy; Coal

Electric generation by end-users, or small power producers under the Public Utility Regulatory Policies Act, to supply electric power for industrial, commercial, andmilitary operations, or sales to ...

Tonne mile

Energy; Coal

The product of the distance that freight is hauled, measured in miles, and the weight of the cargo being hauled, measured in tons. Thus, moving one tonne for one mile generates one tonne mile.

No. 1 distillate

Energy; Coal

A light petroleum distillate that can be used as either a diesel fuel (see No. 1 diesel fuel) or a fuel oil (see No. 1 fuel oil).

Ppe, additions to

Energy; Coal

The current year's expenditures on property, plant, and equipment (PPE). The amount is predicated upon each reporting company's accounting practice. That is, accounting practises with regard to ...