Using Chemical Reaction Spectrophotometry (CRS) to Fingerprint Hydrocarbons and Crude Oils to Create a Hydrocarbon Smart Grid to Stop Funding of Terrorist Organizations
Oral Presentation
Prepared by C. Fator, R. Oswalt, E. Ricco, T. Large
Hanby PetroAnalysis, 1772 W. Sam Houston Parkway N, Houston, TX, 77043, United States
Contact Information: [email protected]; 713-468-3898
ABSTRACT
The new Chemical Reaction Spectrophotometry ("CRS") utilizes a chemical reaction to create signature fingerprints for hydrocarbons in line with DNA analysis. This chemical reaction has been time tested over the last 30 years. Crude oil is the most complex substance on earth, however, between 3-30% of its makeup are aromatics. This new method utilizes a chemical reaction that uses the aromatics in the crude oil to create a spectral fingerprint, which is created by a UV/Vis spectrometer.
This method has the ability to differentiate between the same type of crude. Although the source is from a different formation, it will have a spectral fingerprint that is 98-99% the same, but the 1-2% difference from the overall curve shape allows crude from different wells or formations to be determined, even when the type of crude is the same. Literally, it is possible to tell which well or source each crude came from. Why is this important? It is widely known that terrorist organizations fund their activities through undocumented or “black market” oil assets--meaning stolen oil, where their cost is at or near zero and then selling it below market cost to attract buyers and yielding at or near 100% profit. This is quick access to the needed undocumented funds they need to fund their activities.
Utilizing this new technology, we can track oil assets. By creating the database or library of crude oil assets from the producing wells, when oil turns up missing and then resurfaces, it will be able to be detected. One common practice is the mixing of documented (legit) crude oil or non-sanctioned with non-documented (stolen) or embargoed / sanctioned. The mixture could be any combination. For example, 70% documented with 30% non-documented. This mixture is created for transportation of the assets to conceal the non-documented. Often times, this transportation is by barge or trucks but could even be through pipelines. Documenting the identity of the crude oil by fingerprinting, the spectral signature from the producing well provides the means to track the oil through the transportation process to its final destination for refining. At this point, if any blending, cutting or mixing has taken place along the way, it would be able to be determined at which point this took place.
This same thought process of being able to track the crude oil assets represents a means of protecting the crude oil assets from being blended, so that the assets bought and sold stay the same assets--instead of being blended or cut with condensate, thinning the assets to appear as more than they are and diminishing the value of the assets during transportation from buyer and seller. Unfortunately, blending, mixing, and cutting are common practices, which means the value is not what it was when the transaction took place. When commodities (crude oil assets) have been fingerprinted via spectral analysis to document what it was prior to transport, then at each transfer step in the process, it is assured that the asset stays the same.
For the safety of all mankind, it is recommended that on a go-forward basis, all oil producing Nations join forces to create a crude oil library or database of all crude oil producing wells so that each well and formation worldwide is documented, and then mandate that sample dip tests be done daily to document the oil that is being produced, which creates security and safety from funding the terrorist organizations. Stopping their funding begins to stop their existence, making the world a better and safer place. This new technology provides the means to do this! Again, this is the same chemical reaction that has been time-tested and proven over the last 30 years.
This technology applies across many markets related to the environmental and oil & gas industries.
Oral Presentation
Prepared by C. Fator, R. Oswalt, E. Ricco, T. Large
Hanby PetroAnalysis, 1772 W. Sam Houston Parkway N, Houston, TX, 77043, United States
Contact Information: [email protected]; 713-468-3898
ABSTRACT
The new Chemical Reaction Spectrophotometry ("CRS") utilizes a chemical reaction to create signature fingerprints for hydrocarbons in line with DNA analysis. This chemical reaction has been time tested over the last 30 years. Crude oil is the most complex substance on earth, however, between 3-30% of its makeup are aromatics. This new method utilizes a chemical reaction that uses the aromatics in the crude oil to create a spectral fingerprint, which is created by a UV/Vis spectrometer.
This method has the ability to differentiate between the same type of crude. Although the source is from a different formation, it will have a spectral fingerprint that is 98-99% the same, but the 1-2% difference from the overall curve shape allows crude from different wells or formations to be determined, even when the type of crude is the same. Literally, it is possible to tell which well or source each crude came from. Why is this important? It is widely known that terrorist organizations fund their activities through undocumented or “black market” oil assets--meaning stolen oil, where their cost is at or near zero and then selling it below market cost to attract buyers and yielding at or near 100% profit. This is quick access to the needed undocumented funds they need to fund their activities.
Utilizing this new technology, we can track oil assets. By creating the database or library of crude oil assets from the producing wells, when oil turns up missing and then resurfaces, it will be able to be detected. One common practice is the mixing of documented (legit) crude oil or non-sanctioned with non-documented (stolen) or embargoed / sanctioned. The mixture could be any combination. For example, 70% documented with 30% non-documented. This mixture is created for transportation of the assets to conceal the non-documented. Often times, this transportation is by barge or trucks but could even be through pipelines. Documenting the identity of the crude oil by fingerprinting, the spectral signature from the producing well provides the means to track the oil through the transportation process to its final destination for refining. At this point, if any blending, cutting or mixing has taken place along the way, it would be able to be determined at which point this took place.
This same thought process of being able to track the crude oil assets represents a means of protecting the crude oil assets from being blended, so that the assets bought and sold stay the same assets--instead of being blended or cut with condensate, thinning the assets to appear as more than they are and diminishing the value of the assets during transportation from buyer and seller. Unfortunately, blending, mixing, and cutting are common practices, which means the value is not what it was when the transaction took place. When commodities (crude oil assets) have been fingerprinted via spectral analysis to document what it was prior to transport, then at each transfer step in the process, it is assured that the asset stays the same.
For the safety of all mankind, it is recommended that on a go-forward basis, all oil producing Nations join forces to create a crude oil library or database of all crude oil producing wells so that each well and formation worldwide is documented, and then mandate that sample dip tests be done daily to document the oil that is being produced, which creates security and safety from funding the terrorist organizations. Stopping their funding begins to stop their existence, making the world a better and safer place. This new technology provides the means to do this! Again, this is the same chemical reaction that has been time-tested and proven over the last 30 years.
This technology applies across many markets related to the environmental and oil & gas industries.
