CRUDE OIL
$ Black Gold $
Made By :
Jaskaran S. Kohli
 Crude Oil is a naturally occurring thick , dark
brown flammable liquid which is derived from Fossil
Fuels.
 Crude Oil i...
WHAT IS CRUDE OIL ?
 Petroleum or Crude Oil is a naturally occurring thick ,
dark brown flammable liquid found in the Upp...
• Before it can be used crude oil must be refined.
• Hydrocarbons can be separated using distillation, which
produces diff...
WHY BLACK GOLD?
 Petroleum products are extracted from Crude
Oil, which is black in colour.
 Availability is minimum but...
# Nation
103bbl/d
(2007)
103bbl/d
(2008)
103bbl/d
(2009)
Present
Share
1
Saudi
Arabia
10,234 10,782 9,760 11.8%
2 Russia 9...
Nation
(1000
bbl/day)
(1000
m3/day)
population in
millions
bbl/year per
capita
United States 19,497.95 3,099.9 314 22.6
Ch...
SOARING
PRICES
FACTORS AFFECTING PRICE RISE
 Changes in Supply & Demand.
 Global Equity Market.
 Movement in Dollar($).
 Organization...
 Supply & Demand determine the price of fuel.
 If Demand > Supply , prices will rise and vice-versa.
 Global Consumptio...
ROLE OF
 Organization of the Petroleum Exporting
Countries (OPEC) is an intergovernmental
organization of twelve oil-prod...
 Peak oil is the point in time when the
maximum rate of petroleum extraction is
reached, after which the rate of producti...
WHEN OIL PRICES RISE :
 Rise in Inflation Rates.
 Government spending on Subsidy Increases.
 GDP is affected negatively...
ECONOMY
 Overall consumption of gasoline is down by
7%.
 2.5% decline in USA GDP due to rising oil
prices.
 Prices hit ...
PRICE IN INDIA
 Prices of crude oil have risen by more than 33% in the
past two months.
 Indian Rupee has depreciated fr...
EFFECT ON INDIAN ECONOMY
 Rapid Inflation.
 Hike in Interest Rates.
 Slowdown in Economic Growth.
 Fall in Employment ...
 Inflation : went up to 12.27%.
 Fuel Subsidy Burden : of Rs. 1,42,203 Crores
 Rise in Cost of Imports : have risen by ...
 Extinction of whales.
 Extraction of Oil leads to land degradation.
 Global Warming: petroleum releases carbon dioxide...
 Crude oil and refined fuel spills from tanker ship and
damage natural ecosystems.
 Can be on land or sea.
 Quantity of...
ALTERNATIVES
Alternatives to petroleum-based vehicle fuels:
Internal
Combustion
Engines
Natural Gas
Vehicles
Biodiesel
Pow...
IN A NUTSHELL
2012
1997
Jaskar
an
Singh
Upcoming SlideShare
Loading in...5
×

Crude oil - BLACK GOLD

1,845

Published on

Published in: Education, Business
0 Comments
4 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
1,845
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
162
Comments
0
Likes
4
Embeds 0
No embeds

No notes for slide

Crude oil - BLACK GOLD

  1. 1. CRUDE OIL $ Black Gold $ Made By : Jaskaran S. Kohli
  2. 2.  Crude Oil is a naturally occurring thick , dark brown flammable liquid which is derived from Fossil Fuels.  Crude Oil is also referred as Black Gold as it of immense economic importance.  It is a non renewable resource ,thus its demand > supply leading to high price rise.  An international body called OPEC controls the pricing of oil all throughout the globe.  Oil prices have risen from $18.5 in 1976 to $150 in 2012.
  3. 3. WHAT IS CRUDE OIL ?  Petroleum or Crude Oil is a naturally occurring thick , dark brown flammable liquid found in the Upper Strata of the Earth’s Crust.  It is recovered mostly through oil drilling and is then refined into a large number of consumer products, like petrol,kerosene,plastics andpharmaceuticals.  It is a type of Fossil Fuel consisting of a complex mixture of hydrocarbons. Hydrocarbon Crude Oil
  4. 4. • Before it can be used crude oil must be refined. • Hydrocarbons can be separated using distillation, which produces different fractions (or types) of oil and gas. Jet fuel Car fuel Road tar Distillation Plant Oil refinery
  5. 5. WHY BLACK GOLD?  Petroleum products are extracted from Crude Oil, which is black in colour.  Availability is minimum but demand is more.  Its economic value is immense.  Causes Inflation and affects the pricing of almost everything.
  6. 6. # Nation 103bbl/d (2007) 103bbl/d (2008) 103bbl/d (2009) Present Share 1 Saudi Arabia 10,234 10,782 9,760 11.8% 2 Russia 9,876 9,789 9,934 12.0% 3 United States 8,481 8,514 9,141 11.1% 4 Iran 4,043 4,174 4,177 5.1% 5 China 3,901 3,973 3,996 4.8%
  7. 7. Nation (1000 bbl/day) (1000 m3/day) population in millions bbl/year per capita United States 19,497.95 3,099.9 314 22.6 China 7,831.00 1,245.0 1345 2.1 Japan 4,784.85 760.7 127 13.7 India 2,962.00 470.9 1198 0.9 Russia 2,916.00 463.6 140 7.6
  8. 8. SOARING PRICES
  9. 9. FACTORS AFFECTING PRICE RISE  Changes in Supply & Demand.  Global Equity Market.  Movement in Dollar($).  Organization of the Petroleum Exporting Countries (OPEC) controls the price.  Increase in Tax Rate.  Wars , Recessions and Natural Calamities are other important factors.
  10. 10.  Supply & Demand determine the price of fuel.  If Demand > Supply , prices will rise and vice-versa.  Global Consumption has grown by 1.2 Million Barrels per day.  Oil is a Non-Renewable resource, hence is limited.
  11. 11. ROLE OF  Organization of the Petroleum Exporting Countries (OPEC) is an intergovernmental organization of twelve oil-producing countries .  It controls and regulates Global Price of crude oil.  Its main objective is to peruse various ways and measures to stabilize the price of oil in International Markets.
  12. 12.  Peak oil is the point in time when the maximum rate of petroleum extraction is reached, after which the rate of production is expected to enter terminal decline. o In 1956, Hubbert predicted that global oil production would peak around the Year 2000 and trigger an Energy Crisis with power blackouts and rising costs of energy and fuel . Era of energy crisis
  13. 13. WHEN OIL PRICES RISE :  Rise in Inflation Rates.  Government spending on Subsidy Increases.  GDP is affected negatively.  Foreign Currency reserves reduce.  Prices of almost everything increases, causing extreme hardship towards the common man.  Leads to wars, protests and political instability.
  14. 14. ECONOMY  Overall consumption of gasoline is down by 7%.  2.5% decline in USA GDP due to rising oil prices.  Prices hit a shocking $150 per barrel leading to rapid inflation.  A $10-a-barrel increase in the price of oil reduces U.S. GDP growth by 0.5 percentage points.
  15. 15. PRICE IN INDIA  Prices of crude oil have risen by more than 33% in the past two months.  Indian Rupee has depreciated from Rs. 44 per dollar in April 2011 to Rs.49 now. o Inflation also went up to 12.27% which was highest for India in 2 decades. o India’s subsidy zoomed to 2.5%of GDP.
  16. 16. EFFECT ON INDIAN ECONOMY  Rapid Inflation.  Hike in Interest Rates.  Slowdown in Economic Growth.  Fall in Employment Opportunities.  Reduced amount for infrastructure.
  17. 17.  Inflation : went up to 12.27%.  Fuel Subsidy Burden : of Rs. 1,42,203 Crores  Rise in Cost of Imports : have risen by $1.2 Billion.  Widening of Trade Deficit :for 2009-10 was $117.3 Billion.  Estimated that a sustained 10 dollar increase in oil prices lead to a 1.5 per cent reduction in the GDP.
  18. 18.  Extinction of whales.  Extraction of Oil leads to land degradation.  Global Warming: petroleum releases carbon dioxide, a greenhouse gas.  Oil Spills: damages land, pollutes water and kills marine animals.  Tar balls: huge blob of oil causing contamination and pollution.
  19. 19.  Crude oil and refined fuel spills from tanker ship and damage natural ecosystems.  Can be on land or sea.  Quantity of oil spilled during accidents has ranged from a few hundred tons to several hundred thousand tons.  Land Degradation.  Pollutes sea water.  Kills Marine life.  Illnesses and Diseases.
  20. 20. ALTERNATIVES Alternatives to petroleum-based vehicle fuels: Internal Combustion Engines Natural Gas Vehicles Biodiesel Powered Vehicles Hybrid Electric Vehicles Solar Cars Alternatives to burning petroleum: Solar Powers Wind Power Hydro Electricity Nuclear Energy
  21. 21. IN A NUTSHELL 2012 1997
  22. 22. Jaskar an Singh
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×