Oil Consumption Oil, Gasoline, Consumption, Prices.

Slides:



Advertisements
Similar presentations
UNITED STATES DEPENDENCE ON PERSIAN GULF OIL CAN WE REDUCE IT? John Bush May 5, 2006.
Advertisements

These frogs need flies to eat. We call this DEMAND. If they don’t eat, they will not survive. The fly is the food. We call this the SUPPLY STARTER: 1.What.
WHERE DO WE GET OUR ENERGY? 1OIL COAL 3 NATURAL GAS 4 NUCLEAR 5 WATER 6 WOOD.
Geology and Geography of Oil
Middle East OIL. What is OIL used for? Aspirin Aspirin Balloons Balloons Bandages Bandages Cameras Cameras Candles Candles Compact Discs Compact Discs.
OPEC Organization of Petroleum Exporting Countries- Information for Standard SS7E6c.
ENERGY. WORLD ENERGY USAGE PER PERSON ENERGY USE AND TYPES FOR LAST 400 YEARS.
 Petroleum is found beneath the surface of earth.  Petroleum consists of dead organic matter that has decayed and aged over millions of years with the.
Beyond Gasoline: Drive Less. US Cars and Drivers US Population: 300 million Licensed drivers 190 million Cars and light trucks. 210 million.
OPEC Founded in Baghdad, Iraq in 1960 Current members: Iran, Iraq, Kuwait, Saudi Arabia, Venezuela, Qatar, Indonesia, Libya, UAE, Algeria, Nigeria OPEC.
Major Oil Regions of Today. Major Oil and Gas Regions: Alaska North Slope.
ENERGY. WORLD ENERGY USAGE PER PERSON ENERGY USE AND TYPES FOR LAST 400 YEARS.
WORLD OIL AND NORTH AMERICAN NATURAL GAS OUTLOOK November 2006.
What are the advantages and disadvantages of fossil fuels?
AGEC/FNR 406 LECTURE 24. “America is addicted to oil” - President George Bush (2006 State of the Union Address) Three reasons for concern: 1. Volatile.
Biggest Oil Reserves. Who's Got The Most Oil? Big movements in the price of oil can have significant effects in the general economy, and although the.
Petroleum makes the world go ‘round
Earth’s Changing Environment Lecture 7 Global and US Fossil Fuel Resources: Oil and Natural Gas.
China and Its Impact on World Energy Consumption Dan Westbrook.
 OPEC – a cartel of countries that join together to make decisions regarding the supply of oil in the world market  GDP – the dollar market value of.
Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin Chapter 38 Energy Prices.
Environmental Science: Toward a Sustainable Future Richard T. Wright Energy from Fossil Fuels PPT by Clark E. Adams Chapter 12.
How Much Oil is Left? By, Chase Carter By, Chase Carter.
AIM: How has the importance of petroleum played a role in the recent history of the Middle East? Do Now: Gas prices have nearly doubled since It.
Energy Nonrenewable Energy Resources. Energy  Energy Resources  U.S. has 4.6% of world population; uses 24% of the world’s energy  84% from nonrenewable.
Oil in Southwest Asia: How “Black Gold” Has Shaped a Region
Crude Oil Oil directly from the ground which is thick liquid with variety of hydrocarbons, sulfur, oxygen, nitrogen.
Energy, Environment, and Industrial Development Michael B. McElroy Frederick H. Abernathy Lecture 18 April 18, 2005.
 Today oil supplies about 40% of the world’s energy and 96% of its transportation energy.  Since the shift to oil, the world has consumed over 875 billion.
CHAPTER 16 NONRENEWABLE ENERGY.
Welcome!  Please read the board and review your notes for today’s quiz – Obj #6-12 and
OIL as POWER Powering the World’s Economy 1. Check for Understanding 2 Why is oil so important to modern life? Which nations have the most oil? Oil to.
Regional importance of Latin America? Mexico, Canada, Saudi Arabia, Nigeria and Venezuela provide 75% of U.S. crude oil imports. Angola, Iraq, Ecuador.
ECONOMICS OF OIL March 3, 2015.
Oil. What is oil? Petroleum (crude oil) –complex liquid mixture of hydrocarbons, with small amounts of S, O, N impurities Most valuable natural resource.
Oil and OPEC. Another name for oil is petroleum Oil is a non-renewable resource = a natural resource that is not replaceable after it is removed.
Petroleum Economics Istvan Csato Department of Geological Sciences University of South Carolina January 2002 Source: EIA.
Using Petroleum ONE BARREL crude oil yields ALL OF.
INTRODUCTION TO PETROLEUM WHAT IS PETROLEUM ???? –A mixture of gaseous, liquid, and solid HYDROCARBONS HYDROCARBON ???? –Very large molecules made up entirely.
OPEC. Think about … in all the world, which country do you think consumes the MOST oil?
OPEC Organization of Petroleum Exporting Countries Founded 1960 by 5 member nations 1.Iran, Iraq, Kuwait, Saudi Arabia, Venezuela 2.HQ = Vienna, Austria.
Non Renewable Energy #2: Oil. OIL Oil is the #1 used energy resource in the world.
OPEC. Think about … in all the world, which country do you think consumes the MOST oil?
Population (2008) In 2008, the US population added to 4.5% of the total world population.
Oil: Black Gold Oil Formation Microscopic aquatic protists die  pressurized & heated Seeps through porous rock and trapped under non-porous Many C-H.
Oil Discovered! Oil was first discovered in Persia (Iran) in In 1927, oil was struck in Kirkuk, Iraq. Oil was first discovered in Persia (Iran) in.
Monday February  Drill: What are 3 things that use oil?  HW: Review Sheet due Feb 11  Obj: Evaluate the importance of oil to the Middle East.
Fossil Fuels.
INVESTIGATING THE SOURCES OF ENERGY ONLINE Pamela J.W. Gore Georgia Perimeter College.
EQ: How has oil impacted the countries of Southwest Asia? You only have to write what is underlined….
Chapter 8 Energy and Civilization: Patterns of Consumption Energy and Civilization: Patterns of Consumption.
Oil in Southwest Asia: How “Black Gold” Has Shaped a Region SS7G7.
By: Haley Montgomery. Description of petroleum A thick, flammable, yellow-to-black mixture of gaseous, liquid, and solid hydrocarbons that occurs naturally.
Projected Supplies These are reserves, based on current technology Oil – years Natural gas – year supply Coal – 250 – 900 -year supply.
1.EXPLORATION 2.TRANSPORTATION 3.PRODUCTION 4.DISTRIBUTION 5.CONSUMPTION.
Power For a Cleaner World.. Definition  Petroleum Fuel: Dark colored liquid that forms when bitumen or a mixture of various hydrocarbons and it occurs.
Oil in Southwest Asia: How “Black Gold” Has Shaped a Region
Oil and OPEC.
OIL A Natural Resource.
What nations produce the largest amount of oil?
Billy Yogan, Lauren Wong, Teresa Wheeland, and Bryce Bartolomeo
Petroleum Economics Istvan Csato Department of Geological Sciences
OIL, OPEC, & THE MIDDLE EAST
Oil In the Middle East Today oil supplies about 40% of the world’s energy and 96% of its transportation energy. Since the shift to oil, the world has consumed.
WHAT MAKES GAS PRICES RISE?.
OPEC.
The Organization of the Petroleum Exporting Countries
OPEC Organization of Petroleum Exporting Countries
OPEC.
The Organization of the Petroleum Exporting Countries
Presentation transcript:

Oil Consumption Oil, Gasoline, Consumption, Prices

US Transportation Energy (28%)

US Cars and Drivers  US Population: 300 million  Licensed drivers: 190 million  Cars and light trucks: 210 million  Miles per vehicle: 14,000  MPG: 20

Annual Consumption  Gasoline Consumption: 700 gal per vehicle  Gasoline Cost: $2,000 per vehicle  CO2 emissions: 7 ton per vehicle

Gasoline Pump Price: From 1919

Gasoline Pump Price: From 1980

Gasoline Price Components

Gasoline Profits When you buy a gallon of gas at $2.50. $1.33 for crude oil $0.48 for refining $0.23 for distribution $0.48 for taxes $$  producers & refiners

Gasoline is derived from Crude Oil

Oil

Oil Refinery

Gasoline  Hydrocarbon chains CH 2 -CH 2 -CH  Combustion 2CH 2 + 3O 2  2CO 2 + 2H 2 O

US Oil Consumption (40 Quad)

Oil Consumption  US Consumption: 21 MBD  Global Consumption: 84 MBD  US Imports 12 MBD

US Sources of Oil

Global Oil Resources Saudi Arabia26% Iraq11% Iran10% Kuwait10% UAE 6% Russia 5% Venezuela 5% Nigeria 3% Libya 3% China 3% Mexico 2% United States 2%

OPEC Organization of the Petroleum Exporting Countries

Imported Crude Oil Price

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2024 SlidePlayer.com. Inc. All rights reserved.