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Oil Resources

Oil Resources. Oil & Natural Gas Formation. Oil . Hydrocarbon chains CH 2 -CH 2 -CH 2 ----- Combustion 2CH 2 + 3O 2  2CO 2 + 2H 2 O. Oil Exploration . Oil Production . Oil Refinery. Reserves and Resources. Global Oil Resources. Saudi Arabia 26% Iraq 11% Iran 10% Kuwait 10%

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Oil Resources

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  1. Oil Resources

  2. Oil & Natural Gas Formation

  3. Oil • Hydrocarbon chains CH2-CH2-CH2----- • Combustion 2CH2 + 3O2 2CO2 + 2H2O

  4. Oil Exploration

  5. Oil Production

  6. Oil Refinery

  7. Reserves and Resources

  8. Global Oil Resources • Saudi Arabia 26% • Iraq 11% • Iran 10% • Kuwait 10% • UAE 6% • Russia 5% • Venezuela 5% • Nigeria 3% • Libya 3% • China 3% • Mexico 2% • United States 2%

  9. Persian Gulf

  10. OPECOrganization of the Petroleum Exporting Countries

  11. Global Oil Production • Saudi Arabia 12% • United States 11% • Russia 10% • Iran 5% • Mexico 5% • Norway 5% • China 4% • Venezuela 4% • Canada 4%

  12. Oil Consumption • US Consumption: 21 MBD • Global Consumption: 84 MBD • US Imports 12 MBD

  13. US Production Peaked in 1970

  14. When will Global Oil Production Peak?

  15. Published Estimates of World Oil Ultimate Recovery USGS 5% 2000 USGS Mean 2000 USGS 95% 2000 Campbell 1995 Masters 1994 Campbell 1992 Bookout 1989 Masters 1987 Martin 1984 Nehring 1982 Halbouty 1981 Meyerhoff 1979 Nehring 1978 Nelson 1977 Folinsbee 1976 Adams & Kirby 1975 Linden 1973 Moody 1972 Moody 1970 Shell 1968 Weeks 1959 MacNaughton 1953 Weeks 1948 Pratt 1942 0 0.5 1 1.5 2 2.5 3 3.5 4 Trillions of Barrels Source: USGS and Colin Campbell

  16. Growing Global Population

  17. China and India are increasing oil consumption

  18. Peak Oil

  19. Oil Alternative – Tar Sands 300 billion barrels

  20. Oil Alternative – Shale Oil Two Trillion barrels of oil.

  21. Oil Alternative – Synfuel Convert coal to liquid fuel.

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