1. Crude Oil Depletion
Rishabh Jain

2. What is Crude Oil?
Comprised of Hydrocarbons, organic compounds and small amounts of metals.
Used a a form of petroleum
Highest consumption: US, China, Japan, Russia and Germany
Highest production: Saudi Arabia, Russia, US, Iran and China

5. Increasing Demands For Crude Oil

6. Crude Oil depletion
Crude oil depletion is the total amount of crude oil being consumed in reference to the total possession on Earth.
Crude oil is one of the extensively used forms of petroleum.
As it is an exhaustible element, it would soon/later be over.
According to the mathematical equations, the estimated time is of years.

7. Equation of Crude Oil Depletion
Poil(t) represents the amount of oil at the year “t”
Oil is measured in the unit of barrels
1 US(Oil) barrel = 159 liters
t represents the year
The domain of “t” starts from year 2005

9. Crude Oil Production
Crude Oil production is the amount of oil being extracted from the land, or from the oil wells/reservoirs of oil. It is accountable for the decline curve of the graph about crude oil.
On the contrary to the fact that the resource is going to be depleted fairly quick, a lot of crude oil is produced/mined every day in countries.
In the last 9 year, on an average, 2.7 X 1010 barrels/year have produced.
On an estimate, E+12 liters per year.

10. Crude Oil Production (Barrels/Year)
Growth Rate (%)
2005
-0.50%
2006
0.82%
2007
-0.24%
2008
-1.90%
2009
2.43%
2010
0.11%
2011
1.96%
2012
0.17%
2013
The data has been recorded from US Energy Information Administration -

11. Equation for Production
y= x^ x

13. Graph of World Oil Production as per Economy with due
consideration of Inflation and Cost of production.

14. Production Conclusion
As per projection, oil production would keep increasing.
Whereas, as per economic research by economist, production would gradually decrease in coming years.
The main reason of this contradiction is the presence of other factors such as cost of economy and inflation rates which would effect the production of oil.

15. Alternate Resources of energy
Natural energies-
Wind energy
Hydro Energy
Solar energy
Geothermal energy

17. Diversity of energy sources in 2013

18. Wind energy

19. Equation for Wind Energy
y = 1e0.2491x
Y (Mega Watt) represents the total wind energy capacity installed in the year “x”

21. Solar Energy

22. Equation for Solar Energy
y =4E-294e0.3413x

24. Hydropower Plant

25. Geothermal energy Year Geothermal energy capacity (Mwe) 2008 2009 2010
2011
2012
2013
2014
2015
11007
12126
13283
14686
16102
17413
19145
20841

27. Future of our world Exhaustible resources would cease to exist.
Humans have to find new ways of producing mass amount of energy.
Progress is being made, but all these development are not going to increase at the same rate.
New and more innovation is needed for running the country.
Efficient and economic goods and products.

30. Works cited
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