Global Oil Politics
Outline 1. What is oil 2. Petroleum industry 3. Domestic and industrial usage of oil 4. Middle eastern oil 5. OPEC 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,
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,