Core - Chapter 4 - Changing Patterns of Oil Production and Consumption Flashcards
What was the oil production in 2003?
70 million barrels per day
Which eight producers accounted for 50% of the production?
Saudi Arabia, the USA, Russia, Iran, China, Venezuela, Mexico and Norway
Which seven countries accounted for over 50% of global demand on oil?
The USA, Japan, China, Germany, Russia, Italy and France
What has happened with oil consumption since 1965?
It has nearly tripled
What was the demand of oil in 2006?
Almost 84 million barrels per day
Where does refining of oil take place and what problems may be caused?
80% of oil refining takes place in Europe, North America and Japan.
Problems caused by a separation of production and refining
When was the oil crisis and what did it lead to in terms of countries energy policies?
The prices rose to many countries had to search for alternative methods
Where can oil reserves be found?
In geological structures such as anticlines, fault traps and salt domes
