Factors that affect global production of oil

Question 1

crude oil

Answer 1

liquid consisting of hydrocarbons and organic compounds

Question 2

fossil fuels

Answer 2

fuels formed by decomposition of buried dead organisms that contain high percentages of hydrocarbons and organic compounds

Question 3

proved reserves

Answer 3

quantities that geological and engineering information indicates can be recovered in the future from known reservoirs under existing economic and operating conditions

Question 4

reserves-to-production ratio

Answer 4

reserves remaining at the end of any year divided by the production in that year. the result is the length of time that those remaining reserves would last if production were to continue at that rate

Question 5

where does the majority of oil production come from?

Answer 5

Middle east

Question 6

who produces the least?

Answer 6

China

Question 7

how many years does the world have left before oil runs out?

Answer 7

53 roughly

Question 8

physical factors affecting global production of oil

Answer 8

• geology. simple geological structures e.g. anticlines, with lower faulting, create oil traps that lower production costs
• size of oil reserves

Question 9

economic factors affecting global production of oil

Answer 9

• Alaska, production costs are increased because of severe climate and the need to preserve the permafrost layer
• environment conservation and the need to minimise disruption to animal migration may add to costs
• remoteness requires infrastructure to be built e.g. roads and pipelines which adds to production costs