The world of federal government websites is pretty wonderful, especially when it comes to their “kids” sections.There’s Homeland Security’s ready.gov’s Ready Kids Activity Book featuring Hector the homeland security hummingbird.
There’s also the IRS’ student simulation site, which features a section guided by “Rita A. Bentley, a 17-year-old high school student” on “Using Form 1099-INT to Complete Schedule C-EZ, Schedule SE, and Form 1040.”
Today, we want to highlight the Energy Information Agency’s guide to energy industry slang.
There’s a lot of potentially misleading lingo out there, so the EIA has stepped up to provide an illustrated and informative guide to sort everything out. Here’s a sample of the language.
A catalytic cracker, or 'cat cracker,' is where the basic gasoline-making process takes place in a refinery. The cat cracker uses high temperatures, low pressure, and a catalyst to create a chemical reaction that breaks oil into smaller gasoline molecules. With a cat cracker, more of each barrel of oil can be turned into gasoline.
'Yellowcake' is another name for uranium oxide, named for its colour and texture. After uranium is mined and separated from ore, it is made into 'yellowcake' and shipped to a conversion plant for more processing. Uranium must first be converted into a gaseous form and then go through a long process of 'enrichment' before it can be used by a nuclear power plant.
The term 'royalty' refers to the ownership rights of a mineral property (oil, gas, or coal). The owner is entitled to a share of the money made from oil, gas or coal production on the property.
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