Impact of crude oil price volatility on economic activities: An empirical investigation in the Thai economy

This paper empirically examines the impact of oil price volatility on key macroeconomic indicators of Thailand. Following Andersen et al. [2004. Analytical evaluation of volatility forecasts. International Economic Review 45(4), 1079–1110], quarterly oil price volatility is measured by using the realized volatility (RV). The impact of the oil price volatility is investigated using the vector auto-regression (VAR) system. The Granger causality test, impulse response functions, and variance decomposition show that oil price volatility has significant impact on macroeconomic indicators, such as unemployment and investment, over the period from 1993Q1 to 2006Q4. Perron's [1997. Further evidence on breaking trend functions in macroeconomic variables. Journal of Econometrics 80(2), 355–385] test identifies structural breaks in all the concerned variables during the time of the Asian Financial Crisis (1997–1998). A VAR for the post-crisis period shows that the impact of oil price volatility is transmitted to budget deficit. The floating exchange rate regime introduced after the crisis may be the key contributor to this new channel of impact.     

Sorption of styrene from aqueous solutions with oil absorptive resin

We demonstrated the utility of oil-absorbing 4-tert-butylstyrene-divinylbenzene-ethylene/propylene/diene resins in the removal of environmental hormones such as styrene from water. A maximum treatment efficiency of 99.47% was observed when using a static process, while the dynamic process yielded a maximum efficiency of 96.25%. The sorption efficiency was greater for solutions containing higher initial concentrations of styrene and for extended static contact times, but decreased with increasing hydraulic retention time. The influences of styrene concentration, sorption time, and hydraulic retention time on sorption efficiency were successfully predicted using a polynomial equation, sigmoidal function and exponential decay equation, respectively. It was found that the sorption process was well described by a first-order kinetic model.     

Retrieving surface deformation by PSInSAR™ technology: A powerful tool in reservoir monitoring

Reservoir monitoring improves our understanding of reservoir behaviour and helps achieve more effective reservoir management and prediction of future performance with obvious economic benefits. It relies on an integrated approach involving both surveillance (well or surface based; seismic, electrical, leakage, flow and deformation measurements, etc.) and modelling. Surface deformation monitoring can provide valuable constraints on the dynamic behaviour of a reservoir enabling the evaluation of volumetric changes in the reservoir through time. Levelling campaigns, tiltmeters, GPS permanent stations and Permanent Scatterer SAR Interferometry (PSInSAR™) are the techniques most widely used to determine surface displacements. Whatever the surveying technique, the detection of millimetre-level surface deformation is required to monitor small surface displacement rates that could impact risk evaluation and land use planning. Depending on depth and reservoir/overburden rheology, volumetric changes in reservoirs due to fluid extraction and injection can induce either subsidence or uplift that could trigger fault reactivation and threaten well integrity; deformation may also be detectable at the surface. Mapping surface effects accurately requires hundreds of observation points per km² which cannot be delivered by traditional monitoring methods without unacceptably large expenditure. PSInSAR™ is one of the most promising and cost-effective techniques capable of providing high precision and high areal density displacement measurements over long periods of time. Moreover, the availability of PS data for both ascending and descending orbits enables the estimation of both vertical and E–W horizontal displacement fields. Two case histories will be presented to illustrate the advantages of PSInSAR™ technology for the detection of surface deformation induced by reservoir exploitation and monitoring of its evolution though time.     

The role of hydrostatic pressure on developmental stages of Pomatoceros lamarcki (Polychaeta: Serpulidae) exposed to water accommodated fractions of crude oil and positive genotoxins at simulated depths of 1000-3000 m

The effect of high hydrostatic pressures on the ecotoxicological profile of pollutants is an unexplored research area. Using Pomatoceros lamarcki as a surrogate organism for this eco-barotoxicological study, it was found that in a 48 h larval bioassay with water accommodated fractions (WAF) of crude oil of up to 15.1 mg L⁻¹ (total hydrocarbon content) and hydrostatic pressures up to 300 bar (3000 m), an additive response was found (p < 0.001) rather than any synergism (p = 0.881). Comprehensive cytogenetic analysis of 6-h (15 °C) embryos exposed to WAF (0.19 mg L⁻¹) at 100 bar showed no effects on mitotic fidelity or cell division rate over the 1 bar treatment. However, embryo's treated with the clastogen mitomycin-c at 100 bar exhibited a significant increase in mitotic aberrations over 1 bar treated as was the case with hypo/hypersaline treatments (p < 0.05). Conversely, an increase in hydrostatic pressure actually reduced the effects of spindle inhibition by the aneugen colchicine (p < 0.05).     

4·14淮河石油污染事件浅析

通过4.14淮河石油污染事故中环境监测的相关工作,折射出环境监测工作在环境污染事故中的重要地位,并由此次事故中总结出相关经验和不足,希望通过此次事故能够进一步加强环境监管工作,积极做好环境应急预案,并能够从更多方面给予环境监测工作支援和加强。     

Isolation, identification and characterization of Bacillus amyloliquefaciens BZ-6, a bacterial isolate for enhancing oil recovery from oily sludge

Over 100 biosurfactant-producing microorganisms were isolated from oily sludge and petroleum-contaminated soil from Shengli oil field in north China. Sixteen of the bacterial isolates produced biosurfactants and reduced the surface tension of the growth medium from 71 to <30 mN m⁻¹ after 72 h of growth. These bacteria were used to treat oily sludge and the recovery efficiencies of oil from oily sludge were determined. The oil recovery efficiencies of different isolates ranged from 39% to 88%. Bacterial isolate BZ-6 was found to be the most efficient strain and the three phases (oil, water and sediment) were separated automatically after the sludge was treated with the culture medium of BZ-6. Based on morphological, physiological characteristics and molecular identification, isolate BZ-6 was identified as Bacillus amyloliquefaciens. The biosurfactant produced by isolate BZ-6 was purified and analyzed by high performance liquid chromatography-electrospray ionization tandem mass spectrometry. There were four ion peaks representing four different fengycin A homologues.     

Pattern Recognition Based Software for Oil Spills Identification by Gas-Chromatography and IR Spectrophotometry

For environmental control purposes, floating oil spills in harbours, off shore areas and their sources must often be identified. Pattern recognition, applied to JR spectrophotometric data (600-2000 cm m 1 range), and to chromatographic data ( n -alkanes) for the spill and various suspected sources such as oil and fuels from ships bunkers and harbour installations, can lead to definite conclusions; particularly after artificial weathering formula are used. The software application provides quick and accurate identification of the pollution source. The identification algorithm has a learning stage in which the user creates a minimal database. This database has a tree structure with classes (fuels, crude, etc.) and members representing samples from already known sources. A sample contains JR and chromatographic data and information of the originating source. A larger database means more knowledge, which conveys a better identification. When the origin of an unknown sample is searched for, the software looks for the best match through the database and displays the results in two lists; sorted by calculated similarity. One list displays the classes in which the unknown sample could be included and the other displays the possible sources. An extra check can be done by visual inspection of the overlapped graphics (unknown sample and each of the identified sources).     

Removal of emulsified fuel oils from brackish and pond water by dissolved air flotation with and without polyelectrolyte use: pilot-scale investigation for estuarine and near shore applications

In coastal areas, estuaries, and inland waters, dispersant use after oil spills is not allowed due to sensitivity of the ecosystems. The purpose of this study was to investigate the removal of emulsified fuel oils from brackish and pond water by dissolved air flotation (DAF) with and without use of coagulants. Experiments were conducted with a 60 L DAF system. Fuel oil-water emulsions were prepared with regular unleaded gasoline, jet fuel, and diesel fuel mixed at 1:1:1 (v/v/v) ratio. Batch and continuous runs were conducted at air pressurization of 354.6 kPa. During both batch and continuous modes, significant petroleum hydrocarbon (PHC) removal was achieved within 10 min. Coagulant addition initially increased the PHC removal by about 5-15%. However, effectiveness of the coagulant was not significant after 20 min due to breakage of the aggregates. In general, the pond water had higher PHC removal than the brackish water. With longer run times, PHC removal improved slightly and the effluent contained increasing fractions of higher molecular weight compounds indicating that PHC removal was due to both DAF and stripping processes. Results indicate that DAF process can be effective both with and without the use of coagulants for removing PHCs from brackish and pond waters.     

Accidental Versus Operational Oil Spills from Shipping in the Baltic Sea: Risk Governance and Management Strategies

Marine governance of oil transportation is complex. Due to difficulties in effectively monitoring procedures on vessels en voyage, incentives to save costs by not following established regulations on issues such as cleaning of tanks, crew size, and safe navigation may be substantial. The issue of problem structure is placed in focus, that is, to what degree the specific characteristics and complexity of intentional versus accidental oil spill risks affect institutional responses. It is shown that whereas the risk of accidental oil spills primarily has been met by technical requirements on the vessels in combination with Port State control, attempts have been made to curb intentional pollution by for example increased surveillance and smart governance mechanisms such as the No-Special-Fee system. It is suggested that environmental safety could be improved by increased use of smart governance mechanisms tightly adapted to key actors’ incentives to alter behavior in preferable directions.     

Microwave-assisted preparation of two-dimensional amphiphilic nanoplate herding surfactants for offshore oil spill treatment

Oil spills are the uncontrolled release of liquid hydrocarbon by ruptured pipelines and tanker hulls, or blowouts and leaks from offshore storage facilities and drilling rigs, either by faulty human behaviors or inevitable natural aging processes. Spills cause disastrous environmental and economic consequences, with the effects of marine habitat damage for lasting decades, necessitating a critical need for efficient oil spill mitigation and leakage treatment. In this study, we develop a two-dimensional (2D) amphiphilic nanoplate as the herding surfactant for retracting spilled oil offshore on the seawater surface with various temperature and saline concentrations. Applying 2D nanoplate herding surfactant causes areas of thin oil slick floating on water to largely shrink and form a thick bulk layer. This transformation lays the foundation for the next-step oil treatment and recovery. Microwave-assisted synthesis method was used to fabricate the surface-modified zirconium phosphate (ZrP) nanoplates as the oil herder, which has an amphiphilic characteristic, containing both hydrophilic and hydrophobic properties. The 2D nanoplate surfactants decrease the air-water surface tension to facilitate the oil herding process efficiently. Using this herding procedure, we propose a biocompatible, high herding efficiency and cost-effective 2D herding surfactant fabrication method and offer a new direction for oil treatment in the offshore process safety field.