EARTH 101 Lecture Notes - Lecture 10: Peak Oil, Tight Oil, Pelagic Sediment
16 Mar 2018
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Document Summary
Hubbert"s peak - the point half-way: half the oil has been produced/consumed. Us consumes about 18 million barrels of oil/day. Today, the us produces more oil than it imports. We are close to producing as much oil as saudi arabia. Crude oil - comes out of the ground. Over the past 20 years, we have drilled deep into the gulf: there are over 4,000 active oil and gas platforms in the gulf of mexico. Shale oil (tight oil)- oil that is trapped inside the pores of a rock i. ii. iii. It is expensive to extract oil from rock: you have to either mine or fracture it. Cost of extraction = - /barrel compared to -40 for conventional oil. Petroleum (crude oil) - naturally occurring, toxic, flammable liquid consisting of. Petroleum (crude oil) - naturally occurring, toxic, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights.
