• Save
Oil
Upcoming SlideShare
Loading in...5
×
 

Oil

on

  • 525 views

 

Statistics

Views

Total Views
525
Views on SlideShare
525
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Oil Oil Presentation Transcript

    • Oil
      Matthew Malliaros
      Robert Martinez
      Amber Stacy
      Rachel Wangler
    • Facts:
      The USA is the top oil user with over 17 million barrels a day
      6 million tons per year of oil winds up in the ocean
      Oil supplies the US with 30% of its energy, 50% for the UK, 10% for Japan, 22% for India and 90% for Nigeria
    • OilProducedDaily:
      Saudi Arabia* - 8.1 million barrels per day*Including share of production from the Neutral Zone
      Former Soviet Union - 6.9 million barrels per day
      United States - 6.5 million barrels per day
      Iran - 3.6 million barrels per day
      China - 3.2 million barrels per day
    • Price:
      Crude oil averages over the years (per barrel)
      1998 $12.28 2002 $24.36 2006 $61.08
      1999 $17.48 2003 $28.10 2007 $69.08
      2000 $27.60 2004 $36.05 2008 $94.45
      2001 $23.12 2005 $50.64 2009 $43.61
      Oil is denominated in U.S. dollars in the international market and the oil-producing countries are concerned that the declining value of the dollar will reduce their ability to purchase on the world market
    • Versatility:
      Since the 1950's, oil has been the world's most important energy source because of its versatility
      It is found in relative abundance, has a high energy density, and is easily transported
      84% is used to make gasoline and other fuels, and liquefied petroleum gas
      16% is the raw material for chemical products including pharmaceuticals, fertilizers, pesticides, and plastics
    • Restrictions:
      Our reliance on it for energy and other countries' control of it is a matter of national security
      Its diminishing versatility: Heavier oils have too much carbon and not enough hydrogen so either carbon needs to be removed or hydrogen added to the molecules, then a process called fluid catalytic cracking converts the more complex molecules of the heavy oil to the short, simple ones of fuels
    • Advantages:
      Burns cleaner than coal
      70% less carbon dioxide compared to other fossil fuels
      Does not produce ash after energy release
      High heating value of 24,000 BTU per pound
      Inexpensive compared to coal
    • Disadvantages:
      Not a renewable resource of energy
      The cost of retrieving it is becoming more expensive
      We are having to go farther out and drill deeper to find it
      Causes a lot of air and water pollution and contributes to the greenhouse effect
    • CurrentStatus:
      Current supply , which is 1.2 Trillion Barrels or 40 years worth at current production and use, has erroneously led to the illusion that we can continue on current trends until near depletion of reserves; this is simply not the case
      It is becoming more and more difficult and increasingly more expensive to extract oil from the earth and refine it to usable forms of energy (this will of course continue to raise prices of both raw and refined oil products)
    • FuturePredictionsofUse:
      As new discoveries of oil have declined over the years, alternative fuels have been explored as supplements and, in the future, a collective replacement for oil
      Unnecessary risks to our national security and the increased release of greenhouse gases are also major issues for the search for alternative fuels
    • References:
      http://www.sciencedirect.com/science/article/B6V2W-4T71B02-1/2/a232f9c7028c0664e3181fa656771b92
      http://www.opec.org/home/basket.aspx
      http://en.wikipedia.org/wiki/Petroleum