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OIL CRISIS

OIL CRISIS . What would happen if there was no more oil???. What are three uses of oil (petroleum)?. What is OPEC?. Organization of Petroleum Exporting Countries Started in 1960 - Oil rich nations joined together Original members: Iran, Iraq, Kuwait, Saudi-Arabia, Venezuela

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OIL CRISIS

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  1. OIL CRISIS What would happen if there was no more oil???

  2. What are three uses of oil (petroleum)?

  3. What is OPEC? Organization of Petroleum Exporting Countries Started in 1960 - Oil rich nations joined together Original members: Iran, Iraq, Kuwait, Saudi-Arabia, Venezuela Joined OPEC later: Qatar, UAE Why would they join together?

  4. Who is the US likely to side with in war involving these nations? Why?

  5. Oil Crisis of 1973 – Why did it happen?? • OPEC would decide the price and amount of oil. • President Nixon showed his support of Israel by giving them $ 2.5 billion worth of arms • OPEC nations retaliated against those nations supporting Israel by putting an embargo on oil shipments. • EMBARGO – a type of trade barrier in which a government places restrictions on imports and exports of certain goods. • Result – the price of gasoline shot way up as its supply went down, leading to shortages.

  6. What was OPEC’s Point? They wanted to get the attention of the international community that was supporting Israel.

  7. How do higher gas prices impact a country?

  8. What it was like in 1973

  9. What’s the difference between primary and secondary products? • PRIMARY PRODUCT – a raw material use to manufacture other products. • Example: date palms, wood, gold, diamonds, coal, petroleum, natural resources and other fossil fuels. • SECONDARY PRODUCT – a product manufactured (made by machinery/man) from a raw material. • Example: syrup, paper, bronze, petrochemicals, medicines, etc.

  10. What else is petroleum used for in our world? • When petroleum is refined, its various chemical parts are separated and some become gasoline, some asphalt, and other parts become the raw materials for plastics and rubber for tires and many more things. • Examples of what can be obtained from petroleum: crude oil, natural gas, and/or viscous or solid forms • Fuels - like gasoline, diesel, propane (many people use propane to heat their homes), heating oil

  11. One 42-gallon barrel of oil creates 19.4 gallons of gasoline. The rest (over half) is used to make things like: Americans consume petroleum products at a rate of three and a half gallons of oil per day each. But as you can see from this chart petroleum is not just used for fuel!! Americans consume petroleum products at a rate of three-and-a-half gallons of oil and more than 250 cubic feet of natural gas per day each! But, as shown here petroleum is not just used for fuel. Return

  12. Where has the oil gone? PROJECTED LIFE OF OIL RESERVES BY COUNTRY: UNITED STATES CANADA UNITED KINGDOM INDONESIA* NORWAY EGYPT ARGENTINA AUSTRALIA ECUADOR LESS THAN 10 YEARS LESS THAN 50 YEARS LESS THAN 100 YEARS CHINA NIGERIA* ALGERIA* MALAYSIA COLOMBIA OMAN INDIA QATAR* ANGOLA ROMANIA YEMEN BRUNEI SAUDI ARABIA* RUSSIA IRAN* VENEZUELA* MEXICO LIBYA* BRAZIL AZERBAIJAN TRINIDAD

  13. What will it be like in the year 2175? • YOUR ASSIGNMENT IS TO CREATE A MIND MAP OF WHAT THE WORLD WOULD BE LIKE IF WE RAN OUT OF PETROLEUM. • THINK ABOUT HOW YOUR DAILY LIFE WILL BE AFFECTED? • WHAT WILL THERE BE LESS OF? • WHAT WILL THERE BE MORE OF? • WHAT WILL WE DO DIFFERENTLY?

  14. HEAVIER CONTAINERS (GLASS, METAL, ETC NO PLASTICS IT IS THE YEAR 2175 THERE IS NO OIL/PETROLEUM MORE PEOPLE WALKING NO DELIVERIES NO CARS THAT USE GASOLINE NO TRUCKS ALTERNATE FORMS OF FUEL DISCOVERED

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