3What is OPEC? Organization of Petroleum Exporting Countries Started in Oil rich nations joined togetherOriginal members: Iran, Iraq, Kuwait, Saudi- Arabia, VenezuelaJoined OPEC later: Qatar, UAEWhy would they join together?
4Who is the US likely to side with in war involving these nations? Why?
5Oil 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 armsOPEC 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.
6What was OPEC’s Point?They wanted to get the attention of the international community that was supporting Israel.
9What’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.
10What 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 formsFuels - like gasoline, diesel, propane (many people use propane to heat their homes), heating oil
11One 42-gallon barrel of oil creates 19. 4 gallons of gasoline 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!!SolventsDieselMotor OilBearing GreaseInkFloor WaxBallpoint PensFootball CleatsUpholsterySweatersBoatsInsecticidesBicycle TiresSports Car BodiesNail PolishFishing luresDressesTiresGolf BagsPerfumesCassettesDishwasherTool BoxesShoe PolishMotorcycle HelmetCaulkingPetroleum JellyTransparent TapeCD PlayerFaucet WashersAntisepticsClotheslineCurtainsFood PreservativesBasketballsSoapVitamin CapsulesAntihistaminesPursesShoesDashboardsCortisoneDeodorantFootballsPuttyDyesPanty HoseRefrigerantPercolatorsLife JacketsRubbing AlcoholLiningsSkisTV CabinetsShag RugsElectrician's TapeTool RacksCar Battery CasesEpoxyPaintAmericans 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
12PROJECTED LIFE OF OIL RESERVES BY COUNTRY: Where has the oil gone?PROJECTED LIFE OF OIL RESERVES BY COUNTRY:LESS THAN 10 YEARSLESS THAN 50 YEARSLESS THAN 100 YEARSCHINANIGERIA*ALGERIA*MALAYSIACOLOMBIAOMANINDIAQATAR*ANGOLAROMANIAYEMENBRUNEIUNITED STATES CANADA UNITED KINGDOM INDONESIA* NORWAY EGYPT ARGENTINA AUSTRALIA ECUADORSAUDI ARABIA*RUSSIAIRAN*VENEZUELA*MEXICOLIBYA*BRAZILAZERBAIJANTRINIDAD
13What 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?
14IT IS THE YEAR 2175 THERE IS NO OIL/PETROLEUM HEAVIER CONTAINERS (GLASS, METAL, ETCNO PLASTICSIT IS THE YEAR 2175THERE IS NO OIL/PETROLEUMMORE PEOPLE WALKINGNO DELIVERIESNO CARS THAT USE GASOLINENO TRUCKSALTERNATE FORMS OF FUEL DISCOVERED