"Petroleum is one of the most valuable natural resources in the world. Some people call petroleum black gold, but it may be better described as the lifeblood of industrialized countries. Fuels made from petroleum provide power for automobiles, airplanes, factories, farm equipment, trucks, trains, and ships. Petroleum fuels also generate heat and electricity for many houses and business places." (http://www.fueloil.com) The word petroleum is a compound word derived from two Latin words meaning "rock oil." This valuable resource is a staple in today's energy consuming world. Not only is it a primary energy source, but in developed countries, it provides jobs, and serves as a pivot point of political power. Today's world is essentially dependant on petroleum for a number of reasons.
Most Petroleum is found as crude oil in underground formations called "traps," collecting in the pores of certain kinds of rock. It is also stored in solid form inside various sands and rocks. Although the world hasn't been extensively dependent on petroleum until recently, its presence has been known for quite some time. It is found in numerous Biblical references, where it is referred to as "pitch," and was used to build walls and ships, mummify the deceased, and pave streets. In the 1600's, missionaries observed American Indians gathering petroleum from surface pools, in order to use it for fuel and medicine. It slowly gained popularity with Americans until 1840, when the invention of kerosene lamps caused a great demand for oil as fuel. This boom was responsible for the formation of a number of pipelines and railroads, built to make the transport of the valuable resource more efficient. America was not the only country to discover the value of petroleum: Italy, Canada, Poland, Peru, Germany, Russia, Venezuela, India, Indonesia, Japan, Trinidad, Mexico, and Argentina soon followed with oil production of their own.
PETROLEUM CONSERVATION : A CHALLENGE AND OPPORTUNITY The use of available energy, is what has set man at the top of the animal world. ... Like Hercules of yore, it carries the world on its back. Yet the lifeblood of modern economy, is drying up. ... Today India, and to take the wider view, the world faces a challenge. ... We must leave the world more or less as we found it. ...
"Petroleum is the most important fossil fuel in the modern industrial world" (Craig, 2001). Petroleum, a base for many types of fuel and lubricants, is nonrenewable resource. ... North America has only 7.1% of the world's oil resources; split that percentage between the U.S., Canada, and Mexico (Craig, 2001). It is obvious that around 2.5% of the world's oil resources are not enough for the United States. ... However, there are drawbacks to importing petroleum. ...
Access to oil began to dictate development in the modern world and for the first time oil producing facilities were seen as a major strategic asset. ... As Americans our modern society and culture revolves around an abundant use of petroleum products. ... Many of the products we use in our modern world are composed of the plastics. ... The native people residing in the area have never experienced modern cities. ... The modern oil field is a complex network of highly trained personnel. ...
Petroleum is a complex mixture of hydrocarbons (compounds composed of hydrogen and carbon) that occur in the Earth in liquid, solid or gaseous form. The liquid form of petroleum is known as crude oil, which is a naturally-occurring substance found trapped in certain rocks below the earth's crust (lithosphere). ... The world reserves of crude oil are estimated at more than one trillion barrels (one barrel equals 42 US gallons or 159 litres), of which more than 75% belongs to the 11 OPEC (Organisation of Petroleum Exporting Countries) countries. Currently, OPEC's members 40 percent of ...
The modern business world is all about change. ... Since the entire world is almost connected, global business must cater to an entire world demand instead of concentrating on different markets. ... Corporations sell standardized products in the same way everywhere-autos, steel, chemicals, petroleum, cement, agricultural commodities and equipment, industrial and commercial construction, banking and insurance services, computers, semiconductors, transport, electronic instruments, pharmaceuticals, and telecommunications (Bartlett, 181). ... According to Levitt, customer's preferences arou...
The most important issue concerning the world's environment is preservation. ... In the request they stated, "In view of the fact that domestic petroleum will continue to be an increasingly scarce commodity, and that expanded reliance on imported petroleum by the United States is not feasible, alternatives to petroleum must be found and deployed." (Adt, Jr., Robert R. i) Therefore, it has been no secret that the world's petroleum supplies having been increasingly depleting. ... In conclusion, many people once thought that hydrogen would never have a place in modern day society, but ...
Due to the rapid increase in the world population, many questions arise to satisfy the basic needs of human for food, energy, water, materials, healthcare, safety and transportation. ... By 1920s, the increasing number of modern transportation methods such as airplanes led to the establishment of a "machine revolution". It was not until the World War II that there is a boom in the number of mechanical engineers who played a vital role in designing aircrafts, tanks and ships. ... Petroleum Engineering In general, petroleum engineering are "involved in the exploration, drilling an...
Poor management strategies around the world, but mainly by first world countries have led to unequal distribution of the world's energy, and water supply. ... Coal, Petroleum and Natural gas are all examples of fossil fuels. ... Petroleum is a bi-product of crude oil. ... Most of the petroleum bi-product is used to produce energy. ... Petroleum has other environmental problems. ...
He investigated the thermal expansion of liquids and the nature and origin of petroleum. "Mendeleev was one of the first modern-day scientists in that he did not rely solely on his own work but rather was in correspondence with scientists around the world in order to receive data that they had collected. ...