Presentation is loading. Please wait.

Presentation is loading. Please wait.

Hubbert’s peak refers to world production of… 1.Food 2.CO2 3.Oil 4.Copper.

Similar presentations


Presentation on theme: "Hubbert’s peak refers to world production of… 1.Food 2.CO2 3.Oil 4.Copper."— Presentation transcript:

1 Hubbert’s peak refers to world production of… 1.Food 2.CO2 3.Oil 4.Copper

2 The time scale relevant for oil formation is know as 1.“Geologic time” 2.“Paleologic time” 3.“Neologic time” 4.“Hammer time”

3 The Magic of Petroleum ENVIR 100 February 15, 2008

4 The Prize In 1970, several major US oil companies paid the government millions of dollars for oil-drilling rights off the coast of Oregon and Washington They drilled three holes, then abandoned the operation, losing millions of dollars

5 What went wrong? They forgot the story about the Texas county that produced oil after 30 dry holes were drilled They did not listen to the economists telling them that the amount of oil discovered depends on the number of dollars spent on the search Environmentalists were better organized in Oregon and Washington than anywhere else There was really bad news in those three holes All/None of the above

6 The Magic of Petroleum Outline I. Where does petroleum come from? II. What do we get from oil? III. How much oil do we use? IV. Where do we get our oil? V. Strategic National Resource

7 I. Where does petroleum come from?

8 What is petroleum? Petroleum: A general term for all naturally occurring hydrocarbons (hydrogen + carbon) Solid Hydrocarbons: Asphalt Liquid Hydrocarbons: Crude oil Gas Hydrocarbons: Natural Gas: methane, butane, propane, etc. The simplest hydrocarbon is Methane (CH4)

9 1. Source Rocks Organic Matter Sedimentary rocks rich in organic matter – % by weight Most commonly microscopic marine material, but it can be land based material Organic material cannot decay too much –It has to keep its carbon

10 1. Source Rocks Modern Sedimentary Basins Gulf of Mexico Parts of the Mediterranean and Black Sea

11 2. Transform organic matter Add heat and pressure by burying it (Maturation)

12 3. Carrier beds Oil on the move Oil is less dense than water and will rise through the fluid system of the surrounding rock Carrier beds are rock layers that allow fluids to pass through them –Ex: Sandstone If petroleum stays buried, it can become post-mature

13 4. Traps If nothing stops oil from rising, it will reach surface –Ex: The La Brea tar pits Traps can be rocks that do not allow fluids to pass through them, or folds and faults in the rock can trap petroleum

14 5. Reservoir rocks The oil needs to be trapped in a good place A good reservoir rock is: –Porous: holes –Permeable: holes are connected –so that its fluids can be produced (removed from them)

15 6. Proper timing Timing between accumulation of organic material, petroleum maturation, migration, and trap formation is vital

16 Review: Where does petroleum come from? 1.Source rocks rich in organic matter 2.Transform the organic material with heat and pressure to into petroleum (Maturation) 3.Carrier beds that allow the generated petroleum to move 4.Traps that keep the petroleum below ground 5.Adequate reservoir beds from which the petroleum can be extracted 6.Proper timing of events 1-5

17 The author of the article argues that world oil production will decline 1.By By By Never

18 Why is there oil in Texas?

19 II. What do we get from oil? 1 barrel = 42 gallons of crude oil 83% becomes fuel –Gasoline, diesel, jet fuel, heating oil, and liquefied petroleum gas (propane and butane) 17% other –Solvents, fertilizers, pesticides, plastics * These add up to 44.6 gallons because volume is increased during the refining process.

20 III. How much oil do we use? US consumes 20,687,000 barrels of oil each day (2006) US motor gasoline consumption 9,253,000 barrels of oil each day (2006) World consumes 83,607,221 barrels of oil each day (2005) Source: US Energy Information Agency

21 World Oil Consumption Predictions

22 IV. Where do we get our oil from? Source: US Energy Information Agency

23 2006 US Imports by Country RankCountry Millions of barrels/dayRankCountry Millions of barrels/day 1Canada2.411Ecuador0.3 2Mexico1.712United Kingdom0.3 3Saudi Arabia1.513Norway0.2 4Venezuela1.414Brazil0.2 5Nigeria1.115Kuwait0.2 6Algeria0.716Netherlands0.2 7Iraq0.617Colombia0.2 8Angola0.5 All Countries13.7 9Russia0.4Non-OPEC8.1 10Virgin Islands (U.S.)0.3OPEC5.6 Source: US Energy Information Agency

24 Oil exports by country Barrels per day Source: US Energy Information Agency

25 Oil imports by country Barrels per day Source: US Energy Information Agency

26 Top World Oil Producers, 2005* (OPEC members in underlined italics) RankCountry Total Oil Production** (million barrels/day) 1Saudi Arabia11.1 2Russia9.5 3United States8.2 4Iran4.2 5Mexico3.8 6China3.8 7Canada3.1 8Norway3.0 9 United Arab Emirates2.8 10Venezuela2.8 11Kuwait2.7 12Nigeria2.6 13Algeria2.1 14Brazil2.0 *Table includes all countries total oil production exceeding 2 million barrels per day in **Total Oil Production includes crude oil, natural gas liquids, condensate, refinery gain, and other liquids. Source: US Energy Information Agency

27 V. Strategic Natural Resource A) a resource that supports military power in a vital way B) a resource to which states would be willing to fight to protect their access to Source: US Energy Information Agency

28 World Wars World War One –Churchill switches British navy to diesel World War Two –Japanese oil embargo Carter Doctrine, 1980

29 Reserves vs. Resources Reserves are natural resources that have already been discovered and can be exploited for profit today Resources are deposits that we know of (or believe to exist), but are not exploitable today Example: oil reserves ~1.2 trillion barrels, oil resources ~2 trillion barrels

30 Oil Reserves - BP Statistical Review, Year-end 2005 RegionBillions of Barrels North America60 Latin America104 Western Europe18 Africa114 Middle East743 Eastern Europe123 Asia and Pacific40 Global1,202 Global Consumption30 BBO/year = a 40 year supply

31

32 Marion King Hubbert ( ) Shell geophysicist Hubbert’s Peak and Curve

33 US Peak Crude Oil Production Source: US Energy Information Agency

34 Does consumption follow Hubbert’s curve? Source: US Energy Information Agency

35 US Energy Information Agency Predictions Source: US Energy Information Agency

36 Questions?

37 World Supply and Demand Source: US Energy Information Agency

38 Petroleum Imports by Country of Origin Source: US Energy Information Agency

39 Petroleum Imports by Type Source: US Energy Information Agency

40 Where is there oil in North America?

41 Coal Current world use: 6x10 9 short tons/year Reserves of short tons (≈164 years at current rates). Widely distributed in the U.S. (27% of world reserves), Russia (17%), China (13%), Australia (9%), etc.

42 Natural gas Current world use: short tons/year Reserves of about 6x10 15 cubic feet (≈60 years), resources of about 15x10 15 cubic feet (≈150 years).

43 Oil Current world use: 3x10 10 barrels/year Reserves of about barrels (≈30 years), resources of about 3x10 12 barrels (≈100 years).

44 Fossil fuel summary Coal: Using about 6x10 9 short tons/year, reserves of (trillion) short tons, enough to last 164 years at current consumption rates. Widely distributed in the U.S. (27% of world reserves), Russia (17%), China (13%), Australia (9%), etc. Natural gas: Reserves of about 6x10 15 cubic feet, resources of about 15x10 15 cubic feet. Oil: Reserves of about barrels, resources of about 3x10 12 barrels.

45 Petroleum Exploration Surface and subsurface geological studies Seismic surveys Gravity and magnetic surveys Horizontal magnetic gradient Helium content of soils

46 Source: US Energy Information Agency


Download ppt "Hubbert’s peak refers to world production of… 1.Food 2.CO2 3.Oil 4.Copper."

Similar presentations


Ads by Google