Energy Oil And Coal Flashcards
Forms of hydrocarbons
Crude oil
Natural gas
Coal
Formation of oil
Photosynthesis in oceans
Dead matter sinks
Anaerobic conditions- accumulation
What buries organic matter
Sediments
What traps pressure and heat?
Non-porous layers of rock or salt
Difference between oil reserves and resources
Resources= amount found on planet
Reserves= amount we have access to
What wad the dominant form of energy until the 1800’s
Coal
When and where was the first commercial well
1859 , Pennsylvania
Did the US used to be self sufficient concerning oil?
Yes
When can we expect peak global production?
No one knows, but it will happen.
——- said oil exploration in the US would follow a bell-shaped curve ( hubbert curve)
M.king hubert
When did hubert predict peak production in the US
1970… production declined and demand went beyond supply.
Peak significance
Effects felt before we run out
Costs of drilling increase
Easiest wells extracted first
Drilling less profitable wells
The organization of the petroleum exporting countries (14 nations) responsible for global oil prices
OPEC
When and where was OPEC formed
Iraq 1960
Who is dependent on OPEC
Japan, Europe, US
OPEC cut production 5% per month
Banned exports to US
Gas prices rose
Oil embargo