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  • 1. Houston: Oil Capital of the World Visit www. mrmcgowan . blogspot .com SG Business Management
  • 2. Some Facts
    • Founded in 1836
    • Named after Sam Houston
    • Population: 2 million
    • Houston is 2 nd to New York City for HQs of Fortune 500 companies
    • Houston is also home to many engineering, manufacturing and medical companies as well as the home of the Johnson Space Center (NASA Mission Control)
    • It is the 6 th largest port in the world
  • 3. Houston Skyline
  • 4. Oil Companies HQ
    • Most of the major oil companies are in Houston
    • Exxon Mobil
    • Halliburton
    • Marathon Oil
    • Shell
  • 5. Uses of oil
    • DVDs
    • Perfume
    • food preservatives
    • Detergents
    • Plastics
    • deodorants
    • medicines
    • Explosives
    • Carpets
    • contact lenses
    • paint
    • washing-up liquid
  • 6. Price & Demand
    • Oil demand usually peaks in the summer. In Spring the refineries undertake maintenance but get back to full production in May
    • Prices rely on factors such as:
    • Capacity of oil refineries
    • Existing stocks
    • Demand from consumers
  • 7.  
  • 8. The Oil Process
    • Oil is formed from remains of dead plants and animals. It takes at least 10 million years to decay into what we call oil.
    • Geologists search for oil around the world using satellites, hyrdophones and seismic equipment to locate the black gold
  • 9.
    • Eventually after much preparation, oil is drilled and then extracted by a pump.
    • Oil is then refined into different variants from petrol (gas for cars) to plastics.
    • It is estimated we have enough oil to last for 70 years or so.
  • 10. Oil Spills
    • Gulf War 1991 = 900,000m barrels
    • Ixtoc I 1979 – 140m gallons
    • Amoco Cadiz 1978 - 68m gallons
    • Exxon Valdez 1989 – 11m gallons
    • Argo Merchant 1976 - 8m gallons
  • 11. Oil Facts
    • The USA consumes 20 million barrels of oil per day
    • Nearly half is used for car gas (45%)
    • The world's biggest known oil reserves are in the Middle East: Saudi Arabia (26%), Iraq, (11%) the United Arab Emirates, (10%) Kuwait (10%) and Iran (9%).
    • Venezuela is the next biggest at 8%
    • The UK produces 3.8% of world production. The USA produces 13.2%. Saudi Arabia alone produces 12.8%
  • 12. NASA: Mission Control
  • 13. References
    • BBC Business News
    • How Stuff Works
    • Wikipedia
    • gCaptain
    • Note: this slideshow has been
    • created for Educational Purposes