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Monday, September 01, 2008

Interesting Facts About OIL

Oil issues are getting more and more popular these days. Especially when we're talking about its price, the never ending increase of its price on the market, not to mention the forgotten rollback requests of its products. Thus affecting majority of the consumers.

Oil, what makes it so interesting that it made me post some interesting facts about it. Well if you want to know, here it is. The interesting facts about oil:
  • Each American burns 25 barrels of oil a year, each Briton burns 11, each Chinese burns 2.
  • Oil's most known product gasoline costs in Saudi Arabia about 45 cents a gallon and in Venezuela just a quarter of the dollar.
  • The amount of petroleum products ending up in the ocean is estimated at 0.25% of world oil production: about 6 million tons per year.
  • Uses of oil include: DVDs, perfume, food preservatives, detergents, plastics, deodorants, medicines, explosives, carpets, contact lenses, paint, washing-up liquid.
  • Oil has been used for more than 5000 years (ancient Babylonians and Sumerians had used crude oil).
  • Oil, or petrolium comes from the fossils of dinosaurs and plants that lived on earth millions of years ago.
  • Concentrations of 50 to 100 parts per million (ppm) of used oil can foul sewage treatment processes.
  • EIA estimates that, based on recent USGS estimates of the global oil resource base, worldwide oil production is likely to continue increasing for more than three decades.
  • The price of petrol in the UK has more than doubled in the past 20 years.
  • Oil field that is largest in the world is Ghawar in Saudi Arabia that contains between the 75-85 billion barrels of oil which is six time more than the Prudhoe Bay in Alaska as the largest oil field in US.
  • If the price of oil continued to rise, the prices of natural gas and electricity would also go up. The rise in energy costs would cause business to slow down, possibly triggering a recession.
  • Every day the world currently burns more than 80m barrels of oil. By 2016 it is estimated that will rise to around 100m barrels per day.
  • Oil was formed more than 300 million years ago.
  • All the world's biggest known oil reserves are in the Middle East: Saudi Arabia, Iraq, the United Arab Emirates, Kuwait and Iran.
  • Fewer and fewer major new oil fields are discovered each year:
    16 in 2000
    9 in 2001
    1 in 2005
  • Oil won't last forever because its sources are limited.
  • Oil can be found under ground in areas of rock that are porous and contain the oil within the rock itself.
  • The Exxon Valdez spill is widely considered the number one spill worldwide in terms of damage to the environment. It is also the largest ever spill in the United States, but ranks around 34th largest worldwide.
  • Oil spilling is often causing major ecological disasters.
  • The amount of spilled oil was 10.8 million gallons or 257,000 barrels or 38,800 metric tonnes. This amount of oil can fill up about 125 olympic-sized swimming pools.
  • Oil together with coal and natural gas supply about 88 % of the world's energy needs.
  • Oil supplies the US with 30% of its energy, 50% for the UK, 10% for Japan, 22% for India and 90% for Nigeria.
  • Oil needs alternatives in years to come, preferably in form of clean renewable energy sources.
  • Oil tankers present great danger to sea pollution because of possible tanker accidents like it was infamous Exxon Valdez incident.
  • Films of oil on the surface of water prevent the replenishment of dissolved oxygen, impair photosynthetic processes, and block sunlight.
  • Oil dumped on land reduces soil productivity.
  • Concentrations of 50 to 100 parts per million (ppm) of used oil can foul sewage treatment processes.
  • Oil derivatives are releasing C02 during combustion and on the dangerous CO2 lies the biggest blame for global warming.
Well this is are just few of the interesting facts about oil out there. Til then mate...