EVPP 111 Lecture - Energy - Fossil Fuels - Oil - Student - Fall 2010

EVPP 111 Lecture - Energy - Fossil Fuels - Oil - Student - Fall 2010

Info iconThis preview shows pages 1–13. Sign up to view the full content.

View Full Document Right Arrow Icon
EVPP 111 Lecture Dr. Largen
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Fossi l Fuel s - Oi l Description Formation Reserves Extraction Uses Use patterns Use issues
Background image of page 2
Fossi l Fuel s - Oi l Description liquid mixture hydrocarbons impurities
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Fossi l Fuel s - Oi l Description Formation Reserves Extraction Uses Use patterns Use issues
Background image of page 4
Fossi l Fuel s- Oi l Formation Oil From aquatic organisms
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Fossi l Fuel s- Oi l Formation source rock sedimentary rock containing original organic material transforms kerogen oil natural gas into coarse-grained reservoir rock until blocked by non-porous trap ( or cap rock)
Background image of page 6
Fossi l Fuel s - Oi l Description Formation Reserves Extraction Uses Use patterns Use issues
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Fossi l Fuel s - Oi l Oil reserves How do we determine how long they’ll last? Reserves-to-production ratio (R/P ratio) Amount of total remaining reserves/annual rate of production 1.2 trillion barrels/30 billion barrels per year = ~40 years Prediction “oil crisis” will occur when oil production rate begins to decline Occurs when reserves are ~ ½ depleted ~1.1 trillion barrels of oil have been used, ~1.2 trillion remain
Background image of page 8
Fossi l Fuel s - Oi l Oil reserves How do we determine how long they’ll last? Hubbert’s peak (“peak oil”) US M. King Hubbert , 1956, predicted US oil production peak in 1970 Was accurate World-wide Hubbert, 1974, predicted global oil production peak in 1995 Not accurate Some say peaked in 2005
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 10
Fossi l Fuel s - Oi l Oil reserves Predicting “peak oil” Challenges variability in oil production from year to year estimating amount of oil remaining USGS recently estimated ~2 trillion barrels instead of ~1 trillion US GOA in 2007 found 21 studies with estimates of peak oil ranging from now through 2040
Background image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Fossi l Fuel s- Oi l Oil reserves Who has the oil?
Background image of page 12
Image of page 13
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/21/2011 for the course EVPP 111 taught by Professor Staff during the Winter '08 term at George Mason.

Page1 / 59

EVPP 111 Lecture - Energy - Fossil Fuels - Oil - Student - Fall 2010

This preview shows document pages 1 - 13. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online