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Crude Oil
Unrefined liquid hydrocrabons
Petroleum
Crude oil and all refined products that come from it
Petroleum Products
Usable outputs from refining
Sweet Crude
Low Sulfur content - cheaper, easier to refine, less pollution
Sour Crude
High sulfur content, needs more refining, more corrosive and pollutingLig
Light Crude
Low density, flows easy, valuable
Heavy Crude
Thick, high density, needs more processing
Oil Formation
Microorganisms + heat & pressure over millions of yearstransform into hydrocarbons, leading to the creation of oil reservoirs.
Extraction of Oil
Small droplets in porous rocks - only 30-40% is removed
Refining oil - separation (1)
heated and separated by boiling point
refining - conversion (2)
Break down hydrocarbon into smaller molecules
refining - treatment (3)
removes sulfur and impurities
Barrel of Crude Oil
42 gallons
uses
gasoline, diesel/heating oil, jet fuel
Major Oil reserves
Middle east, south america, north america, russia, africa
Consumption
approx 40-50 years
Oil Producing countries
US, Saudi Arabia, Russia, Canada, Iran
Oil consumers
US, China, India, Saudi Arabia
OPEC
Organization of the Petroleum Exporting Countries
Opec Impact
30-40% control over oil supply, influences via production quotas
US
Top producer & top consumer, net importer of crude, net exporter of petroleum
Domestic supply
will last 10-15 years based on current consumption
US oil locations
Texas (Permian Basin), North Dakota, Alaska, Gulf of Mexico
highest producing state
Texas, New mexico, north dakota, Colorado, Alaska, Oklahoma
SPR
Strategic Petroleum Reserve
Petroleum Uses
Transport, industrial, residential, commercial, electric power
Petroleum products
petrochemical industry, plastics, fiber, fertilizer, meds
Impacts
same as coal essentially
impact - transport
air pollution, tanker accidentals
Justice issue
primarily located in low-income areas
CA & Oil
Produces & consumes