Global Oil Politics

Topics: Petroleum, Iraq, Oil reserves Pages: 10 (3554 words) Published: November 4, 2011
1. What is oil
2. Petroleum industry
3. Domestic and industrial usage of oil
4. Middle eastern oil
6. Role of Saudi Arabia, Venezuela
7. US consumption of oil - 1/4th of total oil
8. War for oil - Iraq War, War on terror
9. Oil as a weapon by Arabs, Arab Israeli Conflict, Central America 10. Political Greed
11. Pipeline diplomacey Baku-Tiblisi-Ceyhan
12. The politics of oil nationalization
13. New alternatives ethnol
Petro-Dollar War fare
demand and supply disturbance of oil
Polution owing to oil - Green peace rule - oil Tanker leakage.. Internal conflict owing to oil e.g Nigeria

Whats the future of oil

1. An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatileessential oils, petrochemical oils, and synthetic oils. The word oil comes from Old French "oile", from Latin "oleum", which in turn comes from the Greek  “elaion”, "olive oil, oil"[2] and that from “elaia”, "olive tree"

Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds. Word Petroleum (L. petroleum, from Greek: petra (rock) +Latin: oleum (oil).  Petroleum substances are found in geologic formations that are recovered  through oil drilling. Crude oil, or petroleum, and its refined components, collectively termed petrochemicals, are crucial resources in the modern economy.

2. 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 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 is consumed by the United States alone.

3. Petroleum products are useful materials derived from crude oil (petroleum) as it is processed in oil refineries. According to crude oil composition and demand, refineries can produce different shares of petroleum products. The largest share of oil products is used as energy carriers: various grades of fuel oil and gasoline. These energy-carrying fuels include or can be blended to give gasoline, jet fuel, diesel fuel, heating oil, and heavier fuel oils. Heavier (less volatile) fractions can also be used to produce asphalt, tar, paraffin wax, lubricating and other heavy oils. Refineries also produce other chemicals, some of which are used in chemical processes to produce plastics and other useful materials. Since petroleum often contains a couple of percent sulfur, sulfur is also often produced as a petroleum product. Hydrogen and carbon in the form of petroleum coke may also be produced as petroleum products. The hydrogen produced is often used as an intermediate product for other oil refinery processes such as hydrogen catalytic cracking. Some useful products are Asphalt, Diesel fuel, Fuel oils, Gasoline, Jet fuel,...
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