He has finally cracked the system after years of painstaking research. Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012. The spread approximates the profit margin that an oil refinery can expect to make by "cracking" the long-chain hydrocarbons of crude oil into useful shorter-chain petroleum products. It also introduced rules meant to crack down on the spread of misinformation through these more private networks.

I was with him several times that month and I never saw him crack a smile.

Heavier crude oils contain a higher proportion of heavy hydrocarbons composed of longer carbon chains.

Definition of fall through the cracks in the Idioms Dictionary.

Another would be to buy crude oil call options and sell product call options. [citation needed]. One of the most important factors affecting the crack spread is the relative proportion of various petroleum products produced by a refinery. to subject to the process of cracking, as in the distillation of petroleum. Art, entertainment, and media.

So in order to crack the live-streaming commerce market in the west, he said there had to be a strong, trusted point of view to stand out. Definition: A crack running into or inside a weld, transverse to the weld axis direction. Cracks, a 2009 independent thriller; Crack Movement, a Mexican literary movement; Crack (band), a Spanish progressive rock group We’re sure you’ll solve it, for the words from September 28 to October 4, 2020, with élan!

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10 Types Of Nouns Used In The English Language. 'Collop' and 'kenspeckle' are among the most frequently looked-up words in August.

to decompose as a result of being subjected to heat. To ease this burden, NYMEX in 1994 launched the crack spread contract.

One thing OTC traders can attempt is to aggregate individual refineries so that the trader’s portfolio is close to the exchange ratios. What does fall through the cracks expression mean?

Of course, nobody could have foreseen that the floor would begin to crack. Given a target optimal product mix, an independent oil refiner can attempt to hedge itself against adverse price movements by buying oil futures and selling futures for its primary refined products according to the proportions of its optimal mix. A gas main had cracked under my neighbour's garage and gas had seeped into our homes. Copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company.

He cracked his head on the pavement and was knocked cold.

Various financial intermediaries in the commodity markets have tailored their products to facilitate trading crack spreads. The crack spread contract helps refiners to lock-in a crude oil price and heating oil and unleaded gasoline prices simultaneously in order to establish a fixed refining margin.

Crater cracks are hot cracks. It is highly addictive, doomsday; the end of the world; the Day of Judgment, Twitter tightens account security for political candidates ahead of US election, Facebook tries to clean up Groups with new policies, How Mathematical ‘Hocus-Pocus’ Saved Particle Physics, Climate Change Will Force a New American Migration, ‘Our goal is to become a massive marketplace’: NTWRK is bringing livestream commerce to a younger generation, States Slap Pregnant Women With Harsher Jail Sentences, I Watched a Casino Kill Itself: The Awful Last Nights of Atlantic City’s Taj Mahal, Hell Hath No Fury Like Valerie Trierweiler, the French President’s Ex, The Stacks: Pauline Kael's Talking Heads Obsession, The Latest "Celebrities Read Mean Tweets".

a break or change in the flow or tone of the voice.

Somebody cracked a joke and we all laughed.

It began a crack down on the conspiracy group in July, when it banned thousands of accounts that had been spreading baseless BS which Twitter said had “the potential to lead to offline harm”. All Years

The new evidence against him cracked his composure. “Affect” vs. “Effect”: Use The Correct Word Every Time.

‘Vaughn cracks many jokes, but the bulk of the commentary is devoted to stories and behind-the-scenes tales of the film.’ ‘For example, he often cracks jokes to relieve unresolved anger, he says.’ ‘Phil has a joking personality, and always cracks jokes.’ ‘Stefan is volatile and often cracks bad puns, and also has a … She decided to head for the dormitory to take another crack at locating Blanche. Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020, Collins English Dictionary - Complete & Unabridged 2012 Digital Edition But his voice never seems to crack or weaken, and he's always in motion—jiggling, aerobic walking, jumping, dancing. to strike and thereby make a sharp noise: The boxer cracked his opponent on the jaw. The American Heritage® Idioms Dictionary We have almost 200 lists of words from topics as varied as types of butterflies, jackets, currencies, vegetables and knots!

Nature is cruelly parsimonious with pleasure. The initial short-lived euphoria of a reinforcer as powerful as crack will be followed by a "crash". Why Do “Left” And “Right” Mean Liberal And Conservative? Last 10 years Our new online dictionaries for schools provide a safe and appropriate environment for children.

Definitions by the largest Idiom Dictionary. Download our English Dictionary apps - available for both iOS and Android. COBUILD Key Words for Mechanical Engineering.

By midmonth, the state had recorded possibly the hottest temperature ever measured on earth — 130 degrees in Death Valley — and an otherworldly storm of lightning had cracked open the sky. a burglary, especially an instance of housebreaking. Disclaimer. The spread approximates the profit margin that an oil refinery can expect to make by "cracking" the long-chain hydrocarbons of crude oil into useful shorter-chain petroleum products.. to break without complete separation of parts; become fissured: The plate cracked when I dropped it, but it was still usable.

‘The nights are fair drawing in’ is a trope about the weather that applies powerfully as you read this. It had not been a pleasant moment for him, that moment when he had looked through the crack of the door and recognized Ste. He was said to have cracked under the pressure and resigned. to cause to break or split, as by a sharp blow or by heavy pressure, to subject (as petroleum) to the process of cracking, to hit or strike with a sudden, sharp blow or, a sudden, sharp noise, as of something breaking, a break, usually without complete separation of parts; fracture. The branch cracked under the weight of the snow. In our recent blogs about which words are most commonly looked for on the Collins dictionary website, we have tended to stress how the searches reflect the changes in society brought about by the various stages of the global Covid-19 epidemic. 'Crack! The mix of refined products is also affected by the particular blend of crude oil feedstock processed by a refinery, and by the capabilities of the refinery. The door opened a crack and for a second I was tempted to give in again. This crack ratio is used for hedging purposes by buying X barrels of crude oil and selling Y barrels of gasoline and Z barrels of distillate in the futures market. And best of all it's ad free, so sign up now and start using at home or in the classroom. Marie.

Two hit the leading edge of the wings and were cracked open like eggs. To some degree, the proportion of each product produced can be varied in order to suit the demands of the local market. The following discussion of crack spread contracts comes from the Energy Information Administration publication Derivatives and Risk Management in the Petroleum, Natural Gas, and Electricity Industries:[3]. He received a terrific crack on the head when the branch fell.

Their functional effect is to stop us from being truly happy for long. to declare frankly or openly; own; acknowledge; confess; admit. to break or cause to break with a sudden sharp sound; to make or cause to make a sudden sharp sound, to break (a molecule) into smaller molecules or, a broken or cracked tone of voice, as a boy's during, to make a sudden, sharp noise, as of something breaking. From moonshoot to balconing: discover the latest words added to the Collins Dictionary.

Amaze your friends with your new-found knowledge! Refiners’ profits are tied directly to the spread, or difference, between the price of crude oil and the prices of refined products. crack (krak) 1.

Hundreds of office buildings and homes developed large cracks in walls and ceilings.

(of a power vessel) to advance at full speed in heavy weather.

For integrated oil companies that control their entire supply chain from oil production to retail distribution of refined products, their business provides a natural economic hedge against adverse price movements. See more.

Traders can also devise swaps that are based on the differences between their clients’ situations and the exchange standards. One type of crack spread contract bundles the purchase of three crude oil futures (30,000 barrels) with the sale a month later of two unleaded gasoline futures (20,000 barrels) and one heating oil future (10,000 barrels). In any inspection process some defective materials will fall through the cracks.

to express what is false; convey a false impression.

he had it in for you. Both of those strategies are complex, however, and they require the hedger to tie up funds in margin accounts.

Last 50 years to laugh or to cause to laugh unrestrainedly: That story about the revolving door really cracked me up. How To Determine Subject vs. Predicate In A Sentence, How Words For Tastes Became Words For Traits, In addition to the idioms beginning with crack. Widely used crack spreads have included 3:2:1, 5:3:2 and 2:1:1. For independent oil refiners which purchase crude oil and sell refined products in the wholesale market, adverse price movements can present a significant economic risk. The online version of the Collins Dictionary has just been updated again, with another batch of new words and meanings inspired by the events of the summer. to take severe or stern measures, especially in enforcing obedience to laws or regulations: The police are starting to crack down on local drug dealers.

“The crack baby myth is being recapitulated in terms of NAS,” Sunderlin said. An asteroid is one of the very small planets that move around the sun between Mars and Jupiter. Learn how and when to remove this template message, "Managing Risk With Derivatives in the Petroleum and Natural Gas Industries", https://en.wikipedia.org/w/index.php?title=Crack_spread&oldid=974586591, Articles needing additional references from September 2016, All articles needing additional references, Articles with unsourced statements from June 2008, Creative Commons Attribution-ShareAlike License, This page was last edited on 23 August 2020, at 20:47.

Ed cracked up, too, when he heard it.

Kathryn had seen him through a crack in the curtains. When you and my old woman get together to have a crack, as the saying is, you don't know how time passes.

(of a sailing vessel) to sail in high winds under sails that would normally be furled.

Cause: Weld metal hardness problem Crater Crack Definition: A crack, generally in the shape of an ôXö which is found in a crater. 2. crack Substance abuse A 'free-base' form of cocaine which, when smoked in a pipe, produce a brief, very intense 'high'. Dictionary.com Unabridged As a result, heavy crude oil is more difficult to refine into lighter products such as gasoline. to break without complete separation of parts; break into fissures. a slight opening, as between boards in a floor or wall, or between a door and its doorpost. For example, NYMEX offers virtual crack spread futures contracts by treating a basket of underlying NYMEX futures contracts corresponding to a crack spread as a single transaction.

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