Houston

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A brief look at Houston the Oil Capital of the world.

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Houston

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

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