The Oil Industry - The Oil Industry Saintor Sinner?...

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The Oil Industry Saint or  Sinner  ????
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Petroleum or Crude Oil, is composed of thousands of organic molecules called hydrocarbons. Crude from various sources has different properties and is characterized as sour or sweet, meaning high or low sulfur; light or heavy, meaning less or more density; and Asphaltic or Wax based. Generally light, waxy, and low sulfur make the value more.
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Disadvantages Dangerous Contributes to pollution High cost to bring to market. Highly politicized industry
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Advantages Plentiful all over the world Existing expensive infrastructure Exploration,  producing, refining, marketing and supply and  distribution system. Petrochemicals
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6 Major Industrial Components 1. Land 2. Exploration 3. Production 4. Transportatio n 5. Refining 6. Marketing
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Refining First….Distillation (Boiling) and then….
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Petroleum is processed by simple distillation  into about 5 products: Naphtha or gasolines - reprocessed to increase octane Kerosine –goes to Jet Fuel
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The Oil Industry - The Oil Industry Saintor Sinner?...

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