barrels of oil per day
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barrels of oil per day

The importance of gasoline was not recognized in the 19th century, when it was used in a great deal of kerosene. The oil refining then relied on simple distillation processes to separate the different components of the oil from the boiling point. The boiling point of the kerosene component is higher, and the use of safety when lighting lamps becomes the main product of crude oil refining, while gasoline and other components are often burned as fuel. By the mid - to late 19th century, the successful use of gasoline engines in 1886, in 1886, the gasoline engine was successfully used as a driving force, thus the importance of gasoline increased. But using distillation, only 20% of the gasoline can be extracted from crude oil. In 1911, the standard oil company have solved the problem of low gasoline yield, by William burton and Robert hamm forest thermal cracking process of the invention, the heavy quality heating gas oil cracking of light gasoline fractions, such as to overall improve the gasoline yield, thermal cracking process in 1913 won the patent license in the United States. The subsequent catalytic cracking process has further improved the gasoline yield and octane value. Financial staff are used to dividing the investment payback period into long-term, intermediate and short-term periods. The term usually refers to more than five years, short term generally refers to a period of less than one year, and the middle term is somewhere in between. Managers also use long, medium and short term to describe the plan. Long-term plan describes the organization in a quite long period (usually more than 5 years) and the development direction of policy, regulation on the group's various departments over a longer period of time in some activities should reach the goal and requirements, mapped the organization long-term development blueprint. Short-term plans specifically provides for all departments of an organization in the current stage, to the future the shorter period especially in the recent period of time, which should be engaged in activities, engaged in such activities should meet the requirement, and thus provides a basis for the ACTS of all members of the organization. (1) the equity of enterprises in general (including the transfer of shares, or shares, buy and sell, should according to the state administration of taxation on several tax equity investment business issues notice "(guoshuifa (2000) no. 118) the relevant provisions. Where the equity transferor should share the accumulated undistributed profit or accumulated surplus accumulation fund of the investor, the income derived from the transfer of equity shall not be recognized as the income derived from the nature of the dividend. The "property right of the new system" is the premise.