Oil Essay: Raj Aishwary Jain Emws 4/30/2010
Oil Essay: Raj Aishwary Jain Emws 4/30/2010
2010
EMWS
4/30/2010
OIL ESSAY
Topic: “An overview of the current and future importance of oil in
the world in terms of energy and resources”.
> Russia
> Saudi Arabia
> United States
> Iran
> China
About 53% of the crude oil and petroleum products used in the United States
in 2009 came from other countries.
After you get the oil on the surface then you have to refine it. The
process goes somewhat like this:-
> Widely and easily distributed all over the world through rail and
sea tankers
>Inexpensive
Disadvantages :-
> The price of oil is rising, especially if the real cost of its carbon is
included.
> Burning it produces carbon dioxide, a major cause of global
warming.
Oil will not just "run out" because all oil production follows a bell
curve. This is true whether we're talking about an individual field or
on the planet as a whole.
Oil is increasingly plentiful on the upslope of the bell curve,
increasingly scarce and expensive on the down slope. The peak of
the curve coincides with the point at which the endowment of oil
has been 50 percent depleted oil production begins to go down
while cost begins to go up.
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