Petroleum (L. Latin is an Italic language historically spoken in Latium and Ancient Rome. Through the Roman conquest, Latin spread throughout the Mediterranean and a large part of Europe. Romance languages such as Italian, French, Catalan, Romanian, Spanish, and Portuguese are descended from Latin, while many others, especially European languages, including petroleum, from Greek Greek , an Indo-European language native to the southern Balkan peninsula, is the language of the Greeks. It forms an independent branch within Indo-European. It has the longest documented history of any Indo-European language, spanning 34 centuries of written records. In its ancient form, it is the language of classical Ancient Greek literature πετρέλαιον, lit. "rock oil") or crude oil is a naturally occurring, flammable liquid found in rock formations in the Earth Earth is the third planet from the Sun, and the largest of the terrestrial planets in the Solar System in terms of diameter, mass and density. It is also referred to as the World, Blue Planet,[note 3] and Terra.[note 4] consisting of a complex mixture of hydrocarbons In organic chemistry, a hydrocarbon is an organic compound consisting entirely of hydrogen and carbon. With relation to chemical terminology, aromatic hydrocarbons or arenes, alkanes, alkenes and alkyne-based compounds composed entirely of carbon or hydrogen are referred to as "pure" hydrocarbons, whereas other hydrocarbons with bonded of various molecular weights, plus other organic compounds An organic compound is any member of a large class of chemical compounds whose molecules contain carbon. For historical reasons discussed below, a few types of compounds such as carbonates, simple oxides of carbon and cyanides, as well as the allotropes of carbon, are considered inorganic. The division between "organic" and ".

The term "petroleum" was first used in the treatise De Natura Fossilium, published in 1546 by the German mineralogist Georg Bauer Georgius Agricola was a German scholar and scientist. Known as "the father of mineralogy", he was born at Glauchau in Saxony. His real name was Georg Pawer; Agricola is the Latinised version of his name, Pawer/(Bauer) meaning farmer. He is best known for his book De Re Metallica, also known as Georgius Agricola.[1]

Contents

Composition

The proportion of hydrocarbons in the mixture is highly variable and ranges from as much as 97% by weight in the lighter oils to as little as 50% in the heavier oils and bitumens Bitumen is a mixture of organic liquids that are highly viscous, black, sticky, entirely soluble in carbon disulfide, and composed primarily of highly condensed polycyclic aromatic hydrocarbons.

The hydrocarbons in crude oil are mostly alkanes Alkanes, also known as paraffins, are chemical compounds that consist only of the elements carbon and hydrogen (H) (i.e., hydrocarbons), wherein these atoms are linked together exclusively by single bonds (i.e., they are saturated compounds) without any cyclic structure (i.e. loops). Alkanes belong to a homologous series of organic compounds in, cycloalkanes Cycloalkanes are types of alkanes which have one or more rings of carbon atoms in the chemical structure of their molecules. Alkanes are types of organic hydrocarbon compounds which have only single chemical bonds in their chemical structure. Cycloalkanes consist of only carbon (C) and hydrogen (H) atoms and are saturated because there are no and various aromatic hydrocarbons An aromatic hydrocarbon or arene is a hydrocarbon, of which the molecular structure incorporates one or more planar sets of six carbon atoms that are connected by delocalised electrons numbering the same as if they consisted of alternating single and double covalent bonds. The term 'aromatic' was assigned before the physical mechanism determining while the other organic compounds contain nitrogen Nitrogen is a chemical element that has the symbol N and atomic number 7 and atomic mass 14.00674 u. Elemental nitrogen is a colorless, odorless, tasteless and mostly inert diatomic gas at standard conditions, constituting 78% by volume of Earth's atmosphere, oxygen Oxygen (pronounced /ˈɒksɨdʒɨn/, from the Greek roots ὀξύς (acid, literally "sharp," from the taste of acids) and -γενής (-genēs) (producer, literally begetter) is the element with atomic number 8 and represented by the symbol O. It is a member of the chalcogen group on the periodic table, and is a highly reactive and sulfur Sulfur or sulphur is the chemical element that has the atomic number 16. It is denoted with the symbol S. It is an abundant, multivalent non-metal. Sulfur in its native form is a yellow crystalline solid. In nature, it can be found as the pure element and as sulfide and sulfate minerals. It is an essential element for life and is found in two, and trace amounts of metals such as iron Iron is a chemical element with the symbol Fe (Latin: ferrum) and atomic number 26. Iron is a group 8 and period 4 element. Iron and iron alloys (steels) are by far the most common metals and the most common ferromagnetic materials in everyday use. Fresh iron surfaces are lustrous and silvery-grey in color, but oxidise in air to form a red or, nickel Nickel is a chemical element, with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. It is one of the four ferromagnetic elements at about room temperature. Its use has been traced as far back as 3500 BC, but it was first isolated and classified as a chemical element in 1751 by Axel, copper Copper is a chemical element with the symbol Cu (Latin: cuprum) and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is rather soft and malleable and a freshly-exposed surface has a pinkish or peachy color. It is used as a thermal conductor, an electrical conductor, a building material, and a and vanadium Vanadium is the chemical element with the symbol V and atomic number 23. It is a soft, silvery grey, ductile transition metal. The formation of an oxide layer stabilizes the metal against oxidation. Andrés Manuel del Río discovered vanadium in 1801 by analyzing the mineral vanadinite, and named it erythronium. Four years later, however, he was. The exact molecular composition varies widely from formation to formation but the proportion of chemical elements A chemical element is a pure chemical substance consisting of one type of atom distinguished by its atomic number, which is the number of protons in its nucleus. The term is also used to refer to a pure chemical substance composed of atoms with the same number of protons. Common examples of elements are iron, copper, silver, gold, hydrogen, carbon, vary over fairly narrow limits as follows:[2]

Composition by weight
Element Percent range
Carbon 83 to 87%
Hydrogen 10 to 14%
Nitrogen 0.1 to 2%
Oxygen 0.1 to 1.5%
Sulfur 0.5 to 6%
Metals less than 1000 ppm

Four different types of hydrocarbon molecules appear in crude oil. The relative percentage of each varies from oil to oil, determining the properties of each oil.[3]

Composition by weight
Hydrocarbon Average Range
Paraffins In chemistry, paraffin is the common name for the alkane hydrocarbons with the general formula CnH2n+2. Paraffin wax refers to the solids with 20 ≤ n ≤ 40 30% 15 to 60%
Naphthenes Cycloalkanes are types of alkanes which have one or more rings of carbon atoms in the chemical structure of their molecules. Alkanes are types of organic hydrocarbon compounds which have only single chemical bonds in their chemical structure. Cycloalkanes consist of only carbon (C) and hydrogen (H) atoms and are saturated because there are no 49% 30 to 60%
Aromatics In organic chemistry, the structures of some rings of atoms are unexpectedly stable. Aromaticity is a chemical property in which a conjugated ring of unsaturated bonds, lone pairs, or empty orbitals exhibit a stabilization stronger than would be expected by the stabilization of conjugation alone. It can also be considered a manifestation of cyclic 15% 3 to 30%
Asphaltics Asphalt ( ˈæs.fɒlt ) is a sticky, black and highly viscous liquid or semi-solid that is present in most crude petroleums and in some natural deposits sometimes termed asphaltum. It is most commonly modelled as a colloid, with asphaltenes as the dispersed phase and maltenes as the continuous phase (though there is some disagreement amongst 6% remainder
Most of the world's oils are non-conventional.[4]

Crude oil varies greatly in appearance depending on its composition. It is usually black or dark brown (although it may be yellowish or even greenish). In the reservoir it is usually found in association with natural gas Natural gas is a gas consisting primarily of methane. It is found associated with fossil fuels, in coal beds, as methane clathrates, and is created by methanogenic organisms in marshes, bogs, and landfills. It is an important fuel source, a major feedstock for fertilizers, and a potent greenhouse gas, which being lighter forms a gas cap over the petroleum, and saline water Saline water is a general term for water that contains a significant concentration of dissolved salts . The concentration is usually expressed in parts per million (ppm) of salt which, being heavier than most forms of crude oil, generally sinks beneath it. Crude oil may also be found in semi-solid form mixed with sand and water, as in the Athabasca oil sands The Athabasca Oil Sands are large deposits of bitumen, or extremely heavy crude oil, located in northeastern Alberta, Canada - roughly centered around the boomtown of Fort McMurray. These oil sands, hosted in the McMurray Formation, consist of a mixture of crude bitumen (a semi-solid form of crude oil), silica sand, clay minerals, and water. The in Canada Canada is a country occupying most of upper North America, extending from the Atlantic Ocean in the east to the Pacific Ocean in the west and northward into the Arctic Ocean. It is the world's second largest country by total area and shares the world's longest common border with the United States to the south and northwest, where it is usually referred to as crude bitumen Bitumen is a mixture of organic liquids that are highly viscous, black, sticky, entirely soluble in carbon disulfide, and composed primarily of highly condensed polycyclic aromatic hydrocarbons. In Canada, bitumen is considered a sticky, tar-like form of crude oil which is so thick and heavy that it must be heated or diluted before it will flow.[5] Venezuela also has large amounts of oil in the Orinoco oil sands The Orinoco Belt is a territory which occupies the southern strip of the eastern Orinoco River Basin in Venezuela. Its local Spanish name is Faja Petrolífera del Orinoco, although the hydrocarbons trapped in them are more fluid than in Canada and are usually called extra heavy oil Heavy crude oil or Extra Heavy Crude oil is any type of crude oil which does not flow easily. It is referred to as "heavy" because its density or specific gravity is higher than of light crude oil. Heavy crude oil has been defined as any liquid petroleum with an API gravity less than 20°, meaning that its specific gravity is greater. These oil sands resources are called unconventional oil to distinguish them from oil which can be extracted using traditional oil well methods. Between them, Canada and Venezuela contain an estimated 3.6 trillion barrels (570×10^9 m3) of bitumen and extra-heavy oil, about twice the volume of the world's reserves of conventional oil.[6]

Petroleum is used mostly, by volume, for producing fuel oil Fuel oil is a fraction obtained from petroleum distillation, either as a distillate or a residue. Broadly speaking, fuel oil is any liquid petroleum product that is burned in a furnace or boiler for the generation of heat or used in an engine for the generation of power, except oils having a flash point of approximately 40 °C and oils burned in and gasoline Gasoline or petrol is a petroleum-derived liquid mixture, primarily used as fuel in internal combustion engines. It also is used as a powerful solvent much like acetone (petrol), both important "primary energy Primary energy is energy contained in raw fuels and any other forms of energy received by a system as input to the system. The concept is used especially in energy statistics in the course of compilation of energy balances. Primary energy includes non-renewable energy and renewable energy" sources.[7] 84% by volume of the hydrocarbons present in petroleum is converted into energy-rich fuels (petroleum-based fuels), including gasoline, diesel, jet, heating, and other fuel oils, and liquefied petroleum gas Liquefied petroleum gas is a mixture of hydrocarbon gases used as a fuel in heating appliances and vehicles, and increasingly replacing chlorofluorocarbons as an aerosol propellant and a refrigerant to reduce damage to the ozone layer.[8] The lighter grades of crude oil produce the best yields of these products, but as the world's reserves of light and medium oil are depleted, oil refineries An oil refinery is an industrial process plant where crude oil is processed and refined into more useful petroleum products, such as gasoline, diesel fuel, asphalt base, heating oil, kerosene, and liquefied petroleum gas. Oil refineries are typically large sprawling industrial complexes with extensive piping running throughout, carrying streams of are increasingly having to process heavy oil and bitumen, and use more complex and expensive methods to produce the products required. Because heavier crude oils have too much carbon and not enough hydrogen, these processes generally involve removing carbon from or adding hydrogen to the molecules, and using fluid catalytic cracking Fluid catalytic cracking is the most important conversion process used in petroleum refineries. It is widely used to convert the high-boiling hydrocarbon fractions of petroleum crude oils to more valuable gasoline, olefinic gases and other products. Cracking of petroleum hydrocarbons was originally done by thermal cracking which has been almost to convert the longer, more complex molecules in the oil to the shorter, simpler ones in the fuels.

Due to its high energy density Energy density is the amount of energy stored in a given system or region of space per unit volume, or per unit mass, depending on the context, although the latter is more formally specific energy .[clarification needed] In some cases it is obvious from context which quantity is most useful: for example, in rocketry, energy per unit mass is the, easy transportability Transport or transportation is the movement of people and goods from one location to another. Transport is performed by various modes, such as air, rail, road, water, cable, pipeline and space. The field can be divided into infrastructure, vehicles, and operations and relative abundance The total estimated amount of oil in an oil reservoir, including both producible and non-producible oil, is called oil in place. However, because of reservoir characteristics and limitations in petroleum extraction technologies only a fraction of this oil can be brought to the surface, and it is only this producible fraction that is considered to, oil has become the world's most important source of energy since the mid-1950s. Petroleum is also the raw material for many chemical A chemical substance is a material with a specific chemical composition.[citation needed] It is a concept that became firmly established in the late eighteenth century after work by the chemist Joseph Proust on the composition of some pure chemical compounds such as basic copper carbonate. He deduced that, "All samples of a compound have the products, including pharmaceuticals A pharmaceutical drug, also referred to as medicine or medicament, can be loosely defined as any substance intended for use in the diagnosis, cure, mitigation, treatment, or prevention of disease. Other synonyms include pharmacotherapy, pharmacotherapeutics, and drug treatment, solvents The most common solvent in everyday life is water. Most other commonly-used solvents are organic chemicals. These are called organic solvents. Solvents usually have a low boiling point and evaporate easily or can be removed by distillation, leaving the dissolved substance behind. To distinguish between solutes and solvents, solvents are usually, fertilizers Fertilizers are chemical compounds applied to promote plant and fruit growth. Fertilizers are usually applied either through the soil or, by foliar feeding (for uptake through leaves), pesticides A pesticide is a substance or mixture of substances used to kill a pest. A pesticide is any substance or mixture of substance intended for: - preventing, destroying, repelling or mitigating any pest. A pesticide may be a chemical substance, biological agent , antimicrobial, disinfectant or device used against any pest. Pests include insects, plant, and plastics Plastic is the general common term for a wide range of synthetic or semisynthetic organic amorphous solid materials suitable for the manufacture of industrial products. Plastics are typically polymers of high molecular weight, and may contain other substances to improve performance and/or reduce costs; the 16% not used for energy production is converted into these other materials.

Petroleum is found in porous Porosity is a measure of the void spaces in a material, and is measured as a fraction, between 0–1, or as a percentage between 0–100%. The term is used in multiple fields including ceramics, metallurgy, materials, manufacturing, earth sciences and construction rock formations This is a List of rock formations, meaning isolated, scenic, or spectacular surface rock outcrops. These are usually the result of weathering and erosion sculpting the existing rock. Rock formation in general refers to specific sedimentary strata or other rock unit in stratigraphic and petrologic studies in the upper strata In geology and related fields, a stratum is a layer of rock or soil with internally consistent characteristics that distinguishes it from contiguous layers. Each layer is generally one of a number of parallel layers that lie one upon another, laid down by natural forces. They may extend over hundreds of thousands of square kilometers of the Earth' of some areas of the Earth Earth is the third planet from the Sun, and the largest of the terrestrial planets in the Solar System in terms of diameter, mass and density. It is also referred to as the World, Blue Planet,[note 3] and Terra.[note 4]'s crust In geology, a crust is the outermost solid shell of a rocky planet or moon, which is chemically distinct from the underlying mantle. The crusts of Earth, our Moon, Mercury, Venus, Mars, Io, and other planetary bodies have been generated largely by igneous processes, and these crusts are richer in incompatible elements than their respective mantles. There is also petroleum in oil sands (tar sands) Oil sands, also known as tar sands, or extra heavy oil, is a type of bitumen deposit. The sands are naturally occurring mixtures of sand or clay, water and an extremely dense and viscous form of petroleum called bitumen. They are found in large amounts in many countries throughout the world, but are found in extremely large quantities in Canada. Known reserves of petroleum are typically estimated at around 190 km3 (1.2 trillion (short scale) barrels) without oil sands,[9] or 595 km3 (3.74 trillion barrels) with oil sands.[10] Consumption is currently around 84 million barrels (13.4×10^6 m3) per day, or 4.9 km3 per year. Because the energy return over energy invested (EROEI) ratio of oil is constantly falling (due to physical phenomena such as residual oil saturation, and the economic factor of rising marginal extraction costs), recoverable oil reserves are significantly less than total oil in place. At current consumption levels, and assuming that oil will be consumed only from reservoirs, known recoverable reserves would be gone around 2039, potentially leading to a global energy crisis. However, there are factors which may extend or reduce this estimate, including the rapidly increasing demand for petroleum in China, India, and other developing nations; new discoveries; energy conservation and use of alternative energy sources; and new economically viable exploitation of unconventional oil sources.

Chemistry

Octane, a hydrocarbon found in petroleum, lines are single bonds, black spheres are carbon, white spheres are hydrogen

Petroleum is a mixture of a very large number of different hydrocarbons; the most commonly found molecules are alkanes (linear or branched), cycloalkanes, aromatic hydrocarbons, or more complicated chemicals like asphaltenes. Each petroleum variety has a unique mix of molecules, which define its physical and chemical properties, like color and viscosity.

The alkanes, also known as paraffins, are saturated hydrocarbons with straight or branched chains which contain only carbon and hydrogen and have the general formula CnH2n+2 They generally have from 5 to 40 carbon atoms per molecule, although trace amounts of shorter or longer molecules may be present in the mixture.

The alkanes from pentane (C5H12) to octane (C8H18) are refined into gasoline (petrol), the ones from nonane (C9H20) to hexadecane (C16H34) into diesel fuel and kerosene (primary component of many types of jet fuel), and the ones from hexadecane upwards into fuel oil and lubricating oil. At the heavier end of the range, paraffin wax is an alkane with approximately 25 carbon atoms, while asphalt has 35 and up, although these are usually cracked by modern refineries into more valuable products. The shortest molecules, those with four or fewer carbon atoms, are in a gaseous state at room temperature. They are the petroleum gases. Depending on demand and the cost of recovery, these gases are either flared off, sold as liquified petroleum gas under pressure, or used to power the refinery's own burners. During the winter, Butane (C4H10), is blended into the gasoline pool at high rates, because butane's high vapor pressure assists with cold starts. Liquified under pressure slightly above atmospheric, it is best known for powering cigarette lighters, but it is also a main fuel source for many developing countries. Propane can be liquified under modest pressure, and is consumed for just about every application relying on petroleum for energy, from cooking to heating to transportation.

The cycloalkanes, also known as naphthenes, are saturated hydrocarbons which have one or more carbon rings to which hydrogen atoms are attached according to the formula CnH2n. Cycloalkanes have similar properties to alkanes but have higher boiling points.

The aromatic hydrocarbons are unsaturated hydrocarbons which have one or more planar six-carbon rings called benzene rings, to which hydrogen atoms are attached with the formula CnHn. They tend to burn with a sooty flame, and many have a sweet aroma. Some are carcinogenic.

These different molecules are separated by fractional distillation at an oil refinery to produce gasoline, jet fuel, kerosene, and other hydrocarbons. For example 2,2,4-trimethylpentane (isooctane), widely used in gasoline, has a chemical formula of C8H18 and it reacts with oxygen exothermically:[11]

The amount of various molecules in an oil sample can be determined in laboratory. The molecules are typically extracted in a solvent, then separated in a gas chromatograph, and finally determined with a suitable detector, such as a flame ionization detector or a mass spectrometer[12].

Incomplete combustion of petroleum or gasoline results in production of toxic byproducts. Too little oxygen results in carbon monoxide. Due to the high temperatures and high pressures involved, exhaust gases from gasoline combustion in car engines usually include nitrogen oxides which are responsible for creation of photochemical smog.

Formation

Geologists view crude oil and natural gas as the product of compression and heating of ancient organic materials (i.e. kerogen) over geological time. Formation of petroleum occurs from hydrocarbon pyrolysis, in a variety of mostly endothermic reactions at high temperature and/or pressure.[13] Today's oil formed from the preserved remains of prehistoric zooplankton and algae, which had settled to a sea or lake bottom in large quantities under anoxic conditions (the remains of prehistoric terrestrial plants, on the other hand, tended to form coal). Over geological time the organic matter mixed with mud, and was buried under heavy layers of sediment resulting in high levels of heat and pressure (known as diagenesis). This caused the organic matter to chemically change, first into a waxy material known as kerogen, which is found in various oil shales around the world, and then with more heat into liquid and gaseous hydrocarbons in a process known as catagenesis.

Geologists often refer to the temperature range in which oil forms as an "oil window"[14]—below the minimum temperature oil remains trapped in the form of kerogen, and above the maximum temperature the oil is converted to natural gas through the process of thermal cracking. Although this temperature range is found at different depths below the surface throughout the world, a typical depth for the oil window is 4–6 km. Sometimes, oil which is formed at extreme depths may migrate and become trapped at much shallower depths than where it was formed. The Athabasca Oil Sands is one example of this.

Abiogenic origin

Main article: Abiogenic petroleum origin

A number of geologists in Russia adhere to the abiogenic petroleum origin hypothesis and maintain that hydrocarbons of purely inorganic origin exist within Earth's interior. Astronomer Thomas Gold championed the theory in the Western world by supporting the work done by Nikolai Kudryavtsev in the 1950s. It is currently supported primarily by Kenney and Krayushkin.[15]

The abiogenic origin hypothesis lacks scientific support. Extensive research into the chemical structure of kerogen has identified bacterial cells as the primary source of oil. The abiogenic origin hypothesis fails to explain the presence of these markers in kerogen and oil, as well as failing to explain how inorganic origin could be achieved at temperatures and pressures sufficient to convert kerogen to graphite. It has not been successfully used in uncovering oil deposits by geologists, as the hypothesis lacks any mechanism for determining where the process may occur.[16]

Crude oil

Crude oil reservoirs

Hydrocarbon trap.

Three conditions must be present for oil reservoirs to form: a source rock rich in hydrocarbon material buried deep enough for subterranean heat to cook it into oil; a porous and permeable reservoir rock for it to accumulate in; and a cap rock (seal) or other mechanism that prevents it from escaping to the surface. Within these reservoirs, fluids will typically organize themselves like a three-layer cake with a layer of water below the oil layer and a layer of gas above it, although the different layers vary in size between reservoirs. Because most hydrocarbons are lighter than rock or water, they often migrate upward through adjacent rock layers until either reaching the surface or becoming trapped within porous rocks (known as reservoirs) by impermeable rocks above. However, the process is influenced by underground water flows, causing oil to migrate hundreds of kilometres horizontally or even short distances downward before becoming trapped in a reservoir. When hydrocarbons are concentrated in a trap, an oil field forms, from which the liquid can be extracted by drilling and pumping.

The reactions that produce oil and natural gas are often modeled as first order breakdown reactions, where hydrocarbons are broken down to oil and natural gas by a set of parallel reactions, and oil eventually breaks down to natural gas by another set of reactions. The latter set is regularly used in petrochemical plants and oil refineries.

Unconventional oil reservoirs

See also: Unconventional oil, Oil sands, and Oil shale reserves

Oil-eating bacteria biodegrades oil that has escaped to the surface. Oil sands are reservoirs of partially biodegraded oil still in the process of escaping and being biodegraded, but they contain so much migrating oil that, although most of it has escaped, vast amounts are still present—more than can be found in conventional oil reservoirs. The lighter fractions of the crude oil are destroyed first, resulting in reservoirs containing an extremely heavy form of crude oil, called crude bitumen in Canada, or extra-heavy crude oil in Venezuela. These two countries have the world's largest deposits of oil sands.

On the other hand, oil shales are source rocks that have not been exposed to heat or pressure long enough to convert their trapped hydrocarbons into crude oil. Technically speaking, oil shales are not really shales and do not really contain oil, but are usually relatively hard rocks called marls containing a waxy substance called kerogen. The kerogen trapped in the rock can be converted into crude oil using heat and pressure to simulate natural processes. The method has been known for centuries and was patented in 1694 under British Crown Patent No. 330 covering, "A way to extract and make great quantityes of pitch, tarr, and oyle out of a sort of stone." Although oil shales are found in many countries, the United States has the world's largest deposits.[17]

Classification

See also: Benchmark (crude oil) A sample of medium heavy crude oil

The petroleum industry generally classifies crude oil by the geographic location it is produced in (e.g. West Texas Intermediate, Brent, or Oman), its API gravity (an oil industry measure of density), and by its sulfur content. Crude oil may be considered light if it has low density or heavy if it has high density; and it may be referred to as sweet if it contains relatively little sulfur or sour if it contains substantial amounts of sulfur.

The geographic location is important because it affects transportation costs to the refinery. Light crude oil is more desirable than heavy oil since it produces a higher yield of gasoline, while sweet oil commands a higher price than sour oil because it has fewer environmental problems and requires less refining to meet sulfur standards imposed on fuels in consuming countries. Each crude oil has unique molecular characteristics which are understood by the use of crude oil assay analysis in petroleum laboratories.

Barrels from an area in which the crude oil's molecular characteristics have been determined and the oil has been classified are used as pricing references throughout the world. Some of the common reference crudes are:

There are declining amounts of these benchmark oils being produced each year, so other oils are more commonly what is actually delivered. While the reference price may be for West Texas Intermediate delivered at Cushing, the actual oil being traded may be a discounted Canadian heavy oil delivered at Hardisty, Alberta, and for a Brent Blend delivered at the Shetlands, it may be a Russian Export Blend delivered at the port of Primorsk.[18]

Petroleum industry

New York Mercantile Exchange prices for West Texas Intermediate 1996 - 2009 Main article: Petroleum industry

The petroleum industry is involved in the global processes of exploration, extraction, refining, transporting (often with oil tankers and pipelines), and marketing petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, and plastics. The industry is usually divided into three major components: upstream, midstream and downstream. Midstream operations are usually included in the downstream category.

Petroleum is vital to many industries, and is of importance to the maintenance of industrialized civilization itself, and thus is critical concern to many nations. Oil accounts for a large percentage of the world’s energy consumption, ranging from a low of 32% for Europe and Asia, up to a high of 53% for the Middle East. Other geographic regions’ consumption patterns are as follows: South and Central America (44%), Africa (41%), and North America (40%). The world at large consumes 30 billion barrels (4.8 km³) of oil per year, and the top oil consumers largely consist of developed nations. In fact, 24% of the oil consumed in 2004 went to the United States alone [19], though by 2007 this had dropped to 21% of world oil consumed.[20]

In the US, in the states of Arizona, California, Hawaii, Nevada, Oregon and Washington, the Western States Petroleum Association (WSPA) is responsible for producing, distributing, refining, transporting and marketing petroleum. This is non-profit trade association that was founded in 1907, and is the oldest petroleum trade association in the United States.[21]

History

Ignacy Łukasiewicz - creator of the process of refining of kerosene from crude oil. Oil derrick in Okemah, Oklahoma, 1922 Oil field in California, 1938.

Petroleum, in one form or another, is not a recent discovery. More than four thousand years ago, according to Herodotus and confirmed by Diodorus Siculus, asphalt was employed in the construction of the walls and towers of Babylon; there were oil pits near Ardericca (near Babylon), and a pitch spring on Zacynthus.[22] Great quantities of it were found on the banks of the river Issus, one of the tributaries of the Euphrates. Ancient Persian tablets indicate the medicinal and lighting uses of petroleum in the upper levels of their society.

Oil was exploited in the Roman province of Dacia, now in Romania, where it was called picula.

The earliest known oil wells were drilled in China in 347 CE or earlier. They had depths of up to about 800 feet (240 m) and were drilled using bits attached to bamboo poles.[23] The oil was burned to evaporate brine and produce salt. By the 10th century, extensive bamboo pipelines connected oil wells with salt springs. The ancient records of China and Japan are said to contain many allusions to the use of natural gas for lighting and heating. Petroleum was known as burning water in Japan in the 7th century.[22] In his book Dream Pool Essays written in 1088, the polymathic scientist and statesman Shen Kuo of the Song Dynasty coined the word 石油 (Shíyóu, literally "rock oil") for petroleum, which remains the term used in contemporary Chinese.

The first streets of Baghdad were paved with tar, derived from petroleum that became accessible from natural fields in the region. In the 9th century, oil fields were exploited in the area around modern Baku, Azerbaijan, to produce naphtha. These fields were described by the Arab geographer Abu al-Hasan 'Alī al-Mas'ūdī in the 10th century, and by Marco Polo in the 13th century, who described the output of those wells as hundreds of shiploads. Petroleum was distilled by the Persian alchemist Muhammad ibn Zakarīya Rāzi (Rhazes) in the 9th century, producing chemicals such as kerosene in the alembic (al-ambiq),[24] and which was mainly used for kerosene lamps.[25] Arab and Persian chemists also distilled crude oil in order to produce flammable products for military purposes. Through Islamic Spain, distillation became available in Western Europe by the 12th century.[26] It has also been present in Romania since the 13th century, being recorded as păcură.[27]

The earliest mention of petroleum in the Americas occurs in Sir Walter Raleigh's account of the Trinidad Pitch Lake in 1595; whilst thirty-seven years later, the account of a visit of a Franciscan, Joseph de la Roche d'Allion, to the oil springs of New York was published in Sagard's Histoire du Canada. A Russian traveller, Peter Kalm, in his work on America published in 1748 showed on a map the oil springs of Pennsylvania.[22]

In 1710 or 1711 (sources vary) the Russian-born Swiss physician and Greek teacher Eyrini d’Eyrinis (also spelled as Eirini d'Eirinis) discovered asphaltum at Val-de-Travers, (Neuchâtel). He established a bitumen mine de la Presta there in 1719 that operated until 1986.[28][29][30][31]

Oil sands were mined from 1745 in Merkwiller-Pechelbronn, Alsace under the direction of Louis Pierre Ancillon de la Sablonnière, by special appointment of Louis XV.[32] The Pechelbronn oil field was active until 1970, and was the birth place of companies like Antar and Schlumberger. The first modern refinery was built there in 1857.[32]

The modern history of petroleum began in 1846 with the discovery of the process of refining kerosene from coal by Nova Scotian Abraham Pineo Gesner. Ignacy Łukasiewicz improved Gesner's method to develop a means of refining kerosene from the more readily available "rock oil" ("petr-oleum") seeps in 1852 and the first rock oil mine was built in Bóbrka, near Krosno in Galicia(Poland/Ukraine) in the following year. In 1854, Benjamin Silliman, a science professor at Yale University in New Haven, was the first to fractionate petroleum by distillation. These discoveries rapidly spread around the world, and Meerzoeff built the first Russian refinery in the mature oil fields at Baku in 1861. At that time Baku produced about 90% of the world's oil.

The first commercial oil well in Romania was drilled in 1857, and the world's first oil refinery opened at Ploiesti, Romania being the first country in the world with a crude oil output officially recorded in international statistics, namely 275 tonnes[33][34].

The first oil well in North America was in Oil Springs, Ontario, Canada in 1858, dug by James Miller Williams. The US petroleum industry began with Edwin Drake's drilling of a 69-foot (21 m) oil well in 1859, on Oil Creek near Titusville, Pennsylvania, for the Seneca Oil Company (originally yielding 25 barrels per day (4.0 m³/d), by the end of the year output was at the rate of 15 barrels per day (2.4 m³/d)). See also the Pennsylvanian oil rush The industry grew through the 1800s, driven by the demand for kerosene and oil lamps. It became a major national concern in the early part of the 20th century; the introduction of the internal combustion engine provided a demand that has largely sustained the industry to this day. Early "local" finds like those in Pennsylvania and Ontario were quickly outpaced by demand, leading to "oil booms" in Texas, Oklahoma, and California.

Early production of crude petroleum in the United States:[22]

By 1910, significant oil fields had been discovered in Canada (specifically, in the province of Alberta), the Dutch East Indies (1885, in Sumatra), Persia (1908, in Masjed Soleiman), (1863, in Zorritos District) Peru, Venezuela, and Mexico, and were being developed at an industrial level.

During World War II, oil facilities were a major strategic asset and were extensively bombed.

Even until the mid-1950s, coal was still the world's foremost fuel, but oil quickly took over. Following the 1973 energy crisis and the 1979 energy crisis, there was significant media coverage of oil supply levels. This brought to light the concern that oil is a limited resource that will eventually run out, at least as an economically viable energy source. At the time, the most common and popular predictions were quite dire. However, a period of increased production and reduced demand caused an oil glut in the 1980s.

Today, about 90% of vehicular fuel needs are met by oil. Petroleum also makes up 40% of total energy consumption in the United States, but is responsible for only 2% of electricity generation. Petroleum's worth as a portable, dense energy source powering the vast majority of vehicles and as the base of many industrial chemicals makes it one of the world's most important commodities. Access to it was a major factor in several military conflicts of the twentieth century, including World War II.[35] The top three oil producing countries are Saudi Arabia, Russia, and the United States.[36] About 80% of the world's readily accessible reserves are located in the Middle East, with 62.5% coming from the Arab 5: Saudi Arabia (12.5%), UAE, Iraq, Qatar and Kuwait. However, with high oil prices, (above $100/barrel) Venezuela has larger reserves than Saudi Arabia due to crude reserves derived from bitumen.

Price of petroleum

Main article: Price of petroleum

After the collapse of the OPEC-administered pricing system in 1985, and a short lived experiment with netback pricing, oil-exporting countries adopted a market-linked pricing mechanism. [37] First adopted by PEMEX in 1986, market-linked pricing received wide acceptance and by 1988 became and still is the main method for pricing crude oil in international trade.[37] The current reference, or pricing markers, are Brent, WTI , and Dubai/Oman. [37]

Uses

The chemical structure of petroleum is heterogeneous (composed of hydrocarbon chains of different lengths). Because of this, petroleum may be taken to oil refineries and the hydrocarbon chemicals separated by distillation and treated by other chemical processes, to be used for a variety of purposes. See Petroleum products.

A traffic jam on a typical American freeway, the Santa Monica Freeway in Los Angeles.

Fuels

The most common distillations of petroleum are fuels. Fuels include:

Other derivatives

Certain types of resultant hydrocarbons may be mixed with other non-hydrocarbons, to create other end products:

Petroleum by country

Consumption statistics

Global fossil carbon emissions, an indicator of consumption, for 1800 - 2004. Total is black, Oil is in blue.

World energy consumption, 1980 - 2030. Source: International Energy Outlook 2006.

daily oil consumption from 1980 to 2006

oil consumption by percentage of total per region from 1980 to 2006: red=USA, blue=Europe, yellow=Asia+Oceania

Consumption

Oil consumption per capita (darker colors represent more consumption).

This table orders the amount of petroleum consumed in 2006 in thousand barrels (bbl) per day and in thousand cubic metres (m3) per day:[38][39][40]

Consuming Nation 2006 (1000 bbl/day) (1000 m3/day) population in millions bbl/year per capita
United States 1 20,687.42 3,289.0 304 24.8
China 7,201.28 1,144.9 1369 1.9
Japan 2 5,197.70 826.4 128 14.8
Russia 1 2,810.76 446.9 142 7.2
Germany 2 2,691.81 428.0 82 12
India 2 2,571.90 408.9 1201 0.8
Canada 2,296.66 365.1 32[41] 26.5
Brazil 2,216.84 352.4 187 4.3
South Korea 2 2,179.90 346.6 49[42] 16.3
Saudi Arabia (OPEC) 2,139.42 340.1 27[43] 28.9
Mexico 1 2,077.51 330.3 107 7.1
France 2 1,981.18 315.0 61[44] 11.9
United Kingdom 1 1,812.01 288.1 61[45] 10.9
Italy 2 1,742.58 277.0 58[46] 10.9
Iran (OPEC) 1,679.20 267.0 68[47] 8.9

Source: US Energy Information Administration

1 peak production of oil already passed in this state

2 This country is not a major oil producer

Production

For oil reserves by country, see Oil reserves#Proven reserves in order. Oil producing countries Graph of Top Oil Producing Countries 1960-2006, including Soviet Union[48]

In petroleum industry parlance, production refers to the quantity of crude extracted from reserves, not the literal creation of the product.

# Producing Nation 103bbl/d (2006) 103bbl/d (2007)
1 Saudi Arabia (OPEC) 10,665 10,234
2 Russia 1 9,677 9,876
3 United States 1 8,331 8,481
4 Iran (OPEC) 4,148 4,043
5 China 3,845 3,901
6 Mexico 1 3,707 3,501
7 Canada 2 3,288 3,358
8 United Arab Emirates (OPEC) 2,945 2,948
9 Venezuela (OPEC) 1 2,803 2,667
10 Kuwait (OPEC) 2,675 2,613
11 Norway 1 2,786 2,565
12 Nigeria (OPEC) 2,443 2,352
13 Brazil 2,166 2,279
14 Algeria (OPEC) 2,122 2,173
15 Iraq (OPEC) 3 2,008 2,094
16 Libya (OPEC) 1,809 1,845
17 Angola (OPEC) 1,435 1,769
18 United Kingdom 1,689 1,690
19 Kazakhstan 1,388 1,445
20 Qatar (OPEC) 1,141 1,136
21 Indonesia 1,102 1,044
22 India 854 881
23 Azerbaijan 648 850
24 Argentina 802 791
25 Oman 743 714
26 Malaysia 729 703
27 Egypt 667 664
28 Australia 552 595
29 Colombia 544 543
30 Ecuador (OPEC) 536 512
31 Sudan 380 466
32 Syria 449 446
33 Equatorial Guinea 386 400
34 Yemen 377 361
35 Vietnam 362 352
36 Thailand 334 349
37 Denmark 344 314
38 Congo 247 250
39 Gabon 237 244
40 South Africa 204 199

Source: U.S. Energy Information Administration

1 Peak production of conventional oil already passed in this state

2 Although Canadian conventional oil production is declining, total oil production is increasing as oil sands production grows. If oil sands are included, it has the world's second largest oil reserves after Saudi Arabia.

3 Though still a member, Iraq has not been included in production figures since 1998

Export

See also: Fossil fuel exporters

Oil exports by country

In order of net exports in 2006 in thousand bbl/d and thousand /d:

# Exporting Nation (2006) (103bbl/d) (103m3/d)
1 Saudi Arabia (OPEC) 8,651 1,376
2 Russia 1 6,565 1,044
3 Norway 1 2,542 404
4 Iran (OPEC) 2,519 401
5 United Arab Emirates (OPEC) 2,515 400
6 Venezuela (OPEC) 1 2,203 350
7 Kuwait (OPEC) 2,150 342
8 Nigeria (OPEC) 2,146 341
9 Algeria (OPEC) 1 1,847 297
10 Mexico 1 1,676 266
11 Libya (OPEC) 1 1,525 242
12 Iraq (OPEC) 1,438 229
13 Angola (OPEC) 1,363 217
14 Kazakhstan 1,114 177
15 Canada 2 1,071 170

Source: US Energy Information Administration

1 peak production already passed in this state

2 Canadian statistics are complicated by the fact it is both an importer and exporter of crude oil, and refines large amounts of oil for the U.S. market. It is the leading source of U.S. imports of oil and products, averaging 2.5 MMbbl/d in August 2007. [1].

Total world production/consumption (as of 2005) is approximately 84 million barrels per day (13,400,000 m³/d).

See also: Organization of Petroleum Exporting Countries.

Import

Oil imports by country

In order of net imports in 2006 in thousand bbl/d and thousand /d:

# Importing Nation (2006) (103bbl/day) (103m3/day)
1 United States 1 12,220 1,943
2 Japan 5,097 810
3 China 2 3,438 547
4 Germany 2,483 395
5 South Korea 2,150 342
6 France 1,893 301
7 India 1,687 268
8 Italy 1,558 248
9 Spain 1,555 247
10 Republic of China (Taiwan) 942 150
11 Netherlands 936 149
12 Singapore 787 125
13 Thailand 606 96
14 Turkey 576 92
15 Belgium 546 87

Source: US Energy Information Administration

1 peak production of oil already passed in this state

2 Major oil producer whose production is still increasing

Non-producing consumers

Countries whose oil production is 10% or less of their consumption.

# Consuming Nation (bbl/day) (m³/day)
1 Japan 5,578,000 886,831
2 Germany 2,677,000 425,609
3 South Korea 2,061,000 327,673
4 France 2,060,000 327,514
5 Italy 1,874,000 297,942
6 Spain 1,537,000 244,363
7 Netherlands 946,700 150,513

Source : CIA World Factbook

Environmental effects

Diesel fuel spill on a road

The presence of oil has significant social and environmental impacts, from accidents and routine activities such as seismic exploration, drilling, and generation of polluting wastes not produced by other alternative energies.

Extraction

Oil extraction is costly and sometimes environmentally damaging, although Dr. John Hunt of the Woods Hole Oceanographic Institution pointed out in a 1981 paper that over 70% of the reserves in the world are associated with visible macroseepages, and many oil fields are found due to natural seeps. Offshore exploration and extraction of oil disturbs the surrounding marine environment.[49] Extraction may involve dredging, which stirs up the seabed, killing the sea plants that marine creatures need to survive. But at the same time, offshore oil platforms also form micro-habitats for marine creatures.

Oil spills

Volunteers cleaning up the aftermath of the Prestige oil spill Main article: Oil spill

Crude oil and refined fuel spills from tanker ship accidents have damaged natural ecosystems in Alaska, the Galapagos Islands, France and many other places.

The quantity of oil spilled during accidents has ranged from a few hundred tons to several hundred thousand tons (e.g., Atlantic Empress, Amoco Cadiz). Smaller spills have already proven to have a great impact on ecosystems, such as the Exxon Valdez oil spill

Oil spills at sea are generally much more damaging than those on land, since they can spread for hundreds of nautical miles in a thin oil slick which can cover beaches with a thin coating of oil. This can kill sea birds, mammals, shellfish and other organisms it coats. Oil spills on land are more readily containable if a makeshift earth dam can be rapidly bulldozed around the spill site before most of the oil escapes, and land animals can avoid the oil more easily.

Control of oil spills is difficult, requires ad hoc methods, and often a large amount of manpower (picture). The dropping of bombs and incendiary devices from aircraft on the Torrey Canyon wreck produced poor results;[50] modern techniques would include pumping the oil from the wreck, like in the Prestige oil spill or the Erika oil spill.[51]

Whales

James S. Robbins has argued that the advent of petroleum-refined kerosene saved some species of great whales from extinction by providing an inexpensive substitute for whale oil, thus eliminating the economic imperative for open-boat whaling.[52]

Alternatives to petroleum

Further information: Renewable energy

In the United States in 2007 about 70% of petroleum was used for transportation (e.g. gasoline, diesel, jet fuel), 24% by industry (e.g. production of plastics), 5% for residential and commercial uses, and 2% for electricity production. [53] Outside of the US, a higher proportion of petroleum tends to be used for electricity. [54]

Alternatives to petroleum-based vehicle fuels

Main articles: Alternative propulsion, Biofuel, and Hydrogen economy

Alternative propulsion refers to both:

Currently, cars can be classified into the following groups:

Alternatives to using oil in industry

Please help improve this article or section by expanding it. Further information might be found on the talk page. (July 2008)

Biological feedstocks do exist for industrial uses such as plastic production. [56]

Alternatives to burning petroleum for electricity

Main articles: Nuclear power, Alternative energy, and Renewable energy

In oil producing countries with little refinery capacity, oil is sometimes burned to produce electricity. Renewable energy technologies such as solar power, wind power, micro hydro, biomass and biofuels might someday be used to replace some of these generators, but today the primary alternatives remain large scale hydroelectricity, nuclear and coal-fired generation.

Future of petroleum production

Main articles: Peak oil and Hubbert peak theory

The future of petroleum as a fuel remains somewhat controversial. USA Today news reported in 2004 that there were 40 years of petroleum left in the ground. Some argue that because the total amount of petroleum is finite, the dire predictions of the 1970s have merely been postponed. Others claim that technology will continue to allow for the production of cheap hydrocarbons and that the earth has vast sources of unconventional petroleum reserves in the form of tar sands, bitumen fields and oil shale that will allow for petroleum use to continue in the future. They argue that both the Canadian tar sands and United States oil shale deposits represent potential reserves with just as much oil as current liquid petroleum deposits.[17]

Hubbert peak theory

The Hubbert peak theory (also known as peak oil) posits that future petroleum production (whether for individual oil wells, entire oil fields, whole countries, or worldwide production) will eventually peak and then decline at a similar rate to the rate of increase before the peak as these reserves are exhausted. It also suggests a method to calculate the timing of this peak, based on past production rates, the observed peak of past discovery rates, and proven oil reserves. The peak of oil discoveries was in 1965, and oil production per year has surpassed oil discoveries every year since 1980.[57]

In 1956, M. King Hubbert correctly predicted US oil production would peak around 1971. When this occurred and the US began losing its excess production capacity, OPEC gained the ability to manipulate oil prices, leading to the 1973 and 1979 oil crises. Since then, most other countries have also peaked. China has confirmed that two of its largest producing regions are in decline, and Mexico's national oil company, Pemex, has announced that Cantarell Field, one of the world's largest offshore fields, was expected to peak in 2006, and then decline 14% per annum.

Controversy surrounds predictions of the timing of the global peak, as these predictions are dependent on the past production and discovery data used in the calculation as well as how unconventional reserves are considered. Supergiant fields have been discovered in the past decade, such as Azadegan, Carioca/Sugar Loaf, Tupi, Jupiter, Ferdows/Mounds/Zagheh, Tahe, Jidong Nanpu/Bohai Bay, West Kamchatka, and Kashagan, as well as tremendous reservoir growth from places like the Bakken and massive syncrude operations in Venezuela and Canada.[58] However, while past understanding of total oil reserves changed with newer scientific understanding of petroleum geology, current estimates of total oil reserves have been in general agreement since the 1960s. Further, predictions regarding the timing of the peak are highly dependent on the past production and discovery data used in the calculation.

It is difficult to predict the oil peak in any given region, due to the lack of transparency in accounting of global oil reserves.[59] Based on available production data, proponents have previously predicted the peak for the world to be in years 1989, 1995, or 1995-2000. Some of these predictions date from before the recession of the early 1980s, and the consequent reduction in global consumption, the effect of which was to delay the date of any peak by several years. Just as the 1971 U.S. peak in oil production was only clearly recognized after the fact, a peak in world production will be difficult to discern until production clearly drops off.

Writers covering the petroleum industry

See also

Energy portal
Energy portal
Wikinews has related news: Energy
The petroleum industry
Exploration

Petroleum engineering (Reservoir simulation · Seismic to simulation) · Petroleum geology · Geophysics · Seismic (Seismic inversion) · Petrophysics · Core sampling

Drilling

Drilling engineering · Underbalanced drilling · Directional drilling · (Measurement while drilling · Geosteering) · Drilling fluid · Drill Stem Test

Development

Completion (Squeeze job) · Well logging · Pipeline transport · Tracers

Production

Artificial lift (Pumpjack · ESP · Gas lift) · EOR (Steam injection · Gas reinjection) · Water injection · Well intervention · Upstream · Midstream · Downstream

Technical challenges

Differential sticking, Drilling fluid invasion, Blowouts, Lost circulation

Oil and gas agreements

Production sharing agreements, Concessions, Service Agreements, Risk agreements

Data by country

Total energy (consumption per capita · intensity) · Natural gas (consumption · production · reserves · imports · exports) · Petroleum (consumption · production · reserves · imports · exports)

Supermajors

ExxonMobil · Royal Dutch Shell · BP · Chevron Corporation · ConocoPhillips · Total S.A. (See also: National oil companies)

Major oil provinces

North Sea · East Texas · Persian Gulf · Athabasca oil sands · Gulf of Mexico · Venezuela · Niger Delta · Russia

Related articles

OPEC · Peak oil · Oil price increases since 2003 · Price of petroleum · Society of Petroleum Engineers

References

  1. ^ Bauer Georg, Bandy Mark Chance (tr.), Bandy Jean A.(tr.). De Natura Fossilium. translated 1955
  2. ^ Speight, James G. (1999). The Chemistry and Technology of Petroleum. Marcel Dekker. pp. 215–216. ISBN 0824702174.
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  23. ^ ASTM timeline of oil
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  31. ^ Eirinis' paper, entitled "Dissertation sur la mine d'asphalte contenant la manière dont se doivent régler Messieurs les associés pour son exploitation, le profit du Roy, & celui de la Société, & ce qui sera dû à Mr d'Erinis à qui elle apartient 'per Ligium feudum' " is held at the BPU Neuchâtel - Fonds d'étude [Ne V] catalogue
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  33. ^ The History Of Romanian Oil Industry
  34. ^ PBS: World Events
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  38. ^ U.S. Energy Information Administration. Excel file RecentPetroleumConsumptionBarrelsperDay.xls from web page http://tonto.eia.doe.gov/dnav/pet/pet_pri_wco_k_w.htm (direct link: http://www.eia.doe.gov/emeu/international/RecentPetroleumConsumptionBarrelsperDay.xls) "Table Posted: November 7, 2008"
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  40. ^ One cubic metre of oil is equivalent to 6.28981077 barrels of oil
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  49. ^ Waste discharges during the offshore oil and gas activity by Stanislave Patin, tr. Elena Cascio
  50. ^ Torrey Canyon bombing by the Navy and RAF
  51. ^ Pumping of the Erika cargo
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  58. ^ NCPA - Policy Backgrounder 159 - Are We Running Out of Oil?
  59. ^ New study raises doubts about Saudi oil reserves

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