Synopsis• What is liquid petroleum ?• Production process• India’s fuel consumption• Factors effecting price• Effect on the economy & Common man• Alternatives of liquid petroleum• How to overcome the problem ?• Conclusion
What is liquid petroleum• How was oil formed?• From where we get the crude oil?
From where we get the crude oilThe worlds top five crude oil-producingcountries are: Saudi Arabia Russia United States Iran China
Over one-fourth of the crude oil produced inthe united states is produced offshore in thegulf of Mexico. The top crude oil-producingstates are: Top Petroleum Production State Texas Alaska California Louisiana Oklahoma
Effect On The Economy & Common Man Import 35% with 10% rise in crude oil price transport on 4% agriculture at 8% house hold items on 4% other items 2% with rising price of crude oil it will impact on budget
Crude oil price increase above $ 92/barrel INR : 7 /liter on diesel INR : 366. 28 on LPG INR : 19. 60/ liter on kerosene If crude above $100 / barrel the govt. 8% of GDP on energy consumption With rising price of crude oil it will impact on Budget In India see the trend of oil price and then predict the inflation as well as interest rate in future.
Alternatives of liquid petroleum Bio fuel Biomass Algae based fuels Biodiesel Alcohol fuels Ammonia Carbon neutral and negative fuel
Alternatives of liquid petroleum Hydrogen HCNG Liquid nitrogen Compressed air Alternative fossil fuels Nuclear power and radio thermal generators Nuclear reactors Radio thermal generators
How to come out from the problem First we discover some oil fields in our country We find some alternatives like solar energy etc. Today we pay INR : 74(petrol) & 47(diesel) approx. INR : 23 & 10.5 goes to Central Government INR : 23 & 10.5 goes to State Government Build a reserve of crude oil price
ConclusionBy public By using bicycle as possible Turn off the vehicles in red signal of traffic Take walking for short distance Use maximum time the public transportation Use battery transport vehicles
ConclusionBy Govt. Govt. should cut of the taxes in fuels Govt. should run a good relation ONGC should cut their useless expenditures.