World Oil

Data from Oil and Gas Journal Data in parentheses are from World Oil ... 

Because of the diversity of available information and the continuing attempts to delineate the various world oil sands deposits, it is virtually impossible to reflect the extent of the reserves in terms of barrel units with a great degree of accuracy. The potential reserves of hydrocarbon Hquids that occur in tar sand deposits have, however, variously been estimated on a world basis to be in excess of 477 x 10 (3 x 10 bbl). Reserves that have... 

Aircraft Fuels. Demand for aviation gas turbine fuels has been growing more rapidly than demand for other petroleum products since 1960, about 3—5% per year compared with 1% for all oil products. This strong demand reflects a current and predicted growth in worldwide air traffic of 4—7% annually until the end of the century. Total world oil demand will be up by 15% by the year 2000, but aviation fuel demand will increase by 50—125%. However, the fraction of the oil barrel devoted to aviation, now about 8%, will increase only slightly. 

World coal usage, inclusive ot the three major types of coal—anthracite, bituminous (by far the most prevalent form) and lignite—reached a plateau in the first decade of the twentieth centuiy and climbed only very slowly in the half century that followed. By 1880, coal use had equaled wood use on a worldwide basis. The usage around the turn of the centuiy was on the order of 2.2 gigatons per year (around 55 quads), of which about 600 million tons were in the United States. World oil production progressively supplemented the use of coal between 1900 and 1950, increasing by more than an order of magnitude in that period of time, from a little over a quad to some 20 quads. Coal s increase over those years was fractionally much less. 

For much of their history, electric utilities in the United States promoted new uses of power in order to increase their sales and thus their profits. However, during the 1970s, the dramatic rise in world oil prices and growing concern about the environmental impacts of electricity generation (especially... 

As OPEC s share of the world oil supply market continued to fall in the 1990s, they began taking steps to better coordinate production with iron-OPEC producers such as Mexico and other members of the Independent Petroleum Exporting Countries (IPEC). By exchanging information, and undertaking joint studies of issues of common interest, the hope was to stabilize prices and improve the economic outlook for all oil producers. This collaboration between OPEC and major non-OPEC producers helped raise oil prices to over 27 a barrel in 1999 from a low of less than 13 in 1998. 

The percent of world oil production from the Middle East has changed over the years. In 1950, the Middle East produced about 16 percent of world production, but by 1975 it had a 35 percent market share of all production. That share declined to 25 percent by 1990 due to a decline in world demand, and stayed at that level through 1998. Eventually that share will rise. The big five Middle Eastern oil producers have the largest oil reserves in the world and therefore have the greatest potential to supply... 

The 1973 Yom Kippur war caused Arab oil producers to boycott oil exports to the United States and some allies. While the boycott may look like the culprit in the 1973 oil price shock, the cuts in exports actually did not last long, with the oil price increases continuing long after the Arab/Israeli war was over. The real reason why oil prices surged up and stayed there was because world oil demand was high, while Saudi Arabia and OPEC kept supplies low. OPEC used its market power to curtail its own oil exports in... 

As the automobile came to control the market for fossil fuel, the United States increasingly dominated world oil production. From the end of the nineteenth cetitui y to the World War I period, U.S. share of world oil production grew from around 40 percent to over 70 percent. By the early 1920s, there were other oil-producing powers, notably Mexico and Russia, although they could not compete with the United States in the production and processing of petroleum. 

Following the war, there was a steady increase in imports into the United States relative to total supply. During this period, the U.S. share of world oil production declined from 60 percent to 40 percent (1959). Crude oil imports as a percentage of total crude oil going to refineries increased from about 5 percent to 12 percent and the U.S. industry for the first time shifted its position from a net exporter to a net importer of mineral oils. At the same time, U.S. companies were establishing a strong presence abroad. Indeed, much of the oil produced abroad and imported into the United States at that time was owned by American-based companies. 

Ahlbrandt, T. S. (1999). USGS New Millennium World Oil and Gas Assessment. Energy Mix ot the Future Session, Abstracts with Program, vol. 31, no.7 (October). Denver, CO Geological Society ot America Annual Meeting. 

Bartlett, A. A. (2000). An analysis of U.S. and World Oil Production Patterns Using Ilubbert-Style Cuiwes. Mathematical Geology 32( 1) 1-17. 

Laurence, L. L., Foaming Crudes Require Special Separation Techniques, World Oil, Nov. 1981, p. 103. 

The most common, commercially available drilling mud additives are published annually by World Oil. The listing includes names and description of over 2,000 mud additives. 

A. Casner, J. A., How to design drill strings for deep wells," World Oil, February 1, 1968. 

Mauzy, H. L., Minimize drillstem failures caused by hydrogen sulfide, World Oil, November 1973. 

Murray, A. S., and W. E. Holman, How to detect and control drill pipe corrosion, World Oil, January 1969. 

Deem, H. A., Plastic coating of drill pipe—Is it worth the added expense , World Oil, November 1964. 

Anonymous. World oil s 1991 guide to drilling, completion and workover fluids. World Oil, 212(6) 75-112, June 1991. 

Anonymous. Cementing products and additives. World Oil, 216(3 [suppl]) C-3- C-18, March 1995. 

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