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Oil Presentation

by Seini Kinikini, Christopher Lee

How is power made from Oil?


The oil is piped into the boiler,
where it is burned, converting
its chemical energy into heat
energy.
Burning oil produces exhaust
gases
It is able to be refined for
fueling vehicles
Can be used to create
electricity

How Expensive is this power


source?
$80 per barrel

Environmental Cost and Benefit (Impact)


Byproducts from burning oil as fuel (env. costs):

Carbon dioxide is a greenhouse gas and a source of global warming

SO2 causes acid rain, which is harmful to plants and to animals that live in water,
and it worsens or causes respiratory illnesses and heart diseases

Lead can have severe health impacts, especially for children

Air toxics released are known or probable carcinogens

Environmental Cost and Benefit


Benefits:

Abundant
Easy to use
Easy to transport (liquid form)
Creates jobs
More efficient for vehicles

How much power does oil make?


Oil still comprises about 8 percent of New York electricity fuel mix.
Oil is the largest source of energy in the United States, providing close to
40 percent of all of the nation's entire power needs. Though most oil is
used for transportation or home heating purposes, a small percentage is
still used as a fuel for electricity generating plants.

Cost - How expensive to


process/refine oil
The production cost of a
barrel of shale oil ranges from
as high as $95 per barrel to
as low $25 per barrel,
although there is no recent
confirmation of the latter
figure.

Cost - How expensive to


find/mine/drill
The cost of a well depends mainly on the daily rate of the drilling rig, the
extra services required to drill the well, the duration of the well program
(including downtime and weather time), and the remoteness of the location
(logistic supply costs).
With deepwater drilling rig rates in 2010 of around $420,000/day,[8] and
similar additional spread costs, a deep water well of duration of 100 days
can cost around $100 million.

Is Oil a Viable Long-Term Power Source?


While it is currently still abundant, it is not realistic to use for long-term.
High demand/use + Limited supply = Will run out eventually
Its current high-use is a huge risk to the environment
Long-term use creates reliance, so when it does become limited/too
dangerous to use, no other viable option exists

Whats fracking? How does this influence


how much oil we have?
Fracking: The process of injecting liquid at high pressure into
subterranean rocks, boreholes, etc., so as to force open existing
fissures and to extract oil or gas.
- This influences how much oil we have since it is a main method to
extract deeper oils. The better or worse the fracking, the more or
less oil is able to be extracted without any issue.