Geography 2143A/B Lecture Notes - Lecture 11: Butane, Wet Gas, Bakken Formation
2 Jan 2017
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Document Summary
Out of the top 3, two of them are not members of the opec. More movement coming from the middle east: major production area, middle east to japan. Japanese extremely dependent on supply: middle east to north america. Map of proved oil reserves at end 2015. Proven reserves: 90% certainty being produced. Probable reserves: 50% certainty being produced. China expected to become world"s largest oil importer in a decade or so: takes 38% more oil from middle east, us, china, japan. Number of companies accounting for 50% of production. Map is most likely on the quiz. Concentrated in select group of countries: mostly in the middle east. Opec share of world crude oil reserves 2012. Places that have less supply are going to be more dependent on the supplier. Abundant supply but difficult to get out. 2 types of gas: dry gas is essentially gas. Methane in it but not much else: wet gas.
