opec s unyielding grasp
Download
Skip this Video
Download Presentation
OPEC’s Unyielding Grasp

Loading in 2 Seconds...

play fullscreen
1 / 15

OPEC’s Unyielding Grasp - PowerPoint PPT Presentation


  • 237 Views
  • Uploaded on

OPEC’s Unyielding Grasp. A hole dug too deep to climb out. By: Seth Bornstein. About OPEC. O.P.E.C.-- Organization of the Petroleum Exporting Countries September 10-14, 1960- Baghdad, Iran 12 countries- Intergovernmental Unify/regulate petroleum producers Regular supply of oil

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'OPEC’s Unyielding Grasp' - hani


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
opec s unyielding grasp

OPEC’s Unyielding Grasp

A hole dug too deep to climb out

By: Seth Bornstein

about opec
AboutOPEC
  • O.P.E.C.-- Organization of the Petroleum Exporting Countries
  • September 10-14, 1960- Baghdad, Iran
  • 12 countries- Intergovernmental
  • Unify/regulate petroleum producers
  • Regular supply of oil
  • Prices- Control/Change
opec oil production
OPEC Oil Production

29.8 million barrels per day

44% world’s oil production

79% world’s oil reserves

Saudi Arabia- most- 250 Gbs

1980- 400 Gbs

2009- 1000 Gbs

(1,000,000,000,000 barrels)

u s consumption
U.S. Consumption
  • Most of all countries
  • Transportation= 2/3 oil consumption
  • 40% U.S. yearly energy=petroleum
  • Over half- OPEC
  • Problems
oil prices
Oil Prices
  • Rising
  • Affect many- cars
  • Inflation
  • Extremely volatile
  • Prices rise—weather/conflict/wars
  • Production drop= prices rise-- High shipping costs
u s problems reliance
U.S. Problems- Reliance
  • At member countries mercy
  • M.E. events- hurt US economy (Arab Oil Embargo)
  • War threat- pull out….
  • Muslim control- views/religion/Israel
  • Conflict today
u s problems deficit
U.S. Problems- Deficit
  • More and more expensive
  • More and more investing
  • $300 billion per year
  • $42 billion deficit
  • Rising- more spending
u s problems pollution
U.S. Problems- Pollution
  • Petroleum= 1 of largest pollutants
  • Contain carbon dioxide/nitrogen
  • Greenhouse gases- global warming
  • Fossil fuels- cars
  • Concentrated massively in cities
u s problem solving
U.S.– Problem Solving
  • Strategic Petroleum Reserve- 707 million barrels
  • 60 day survival
  • Hybrids-
  • Electric
  • Less pollution
u s alternatives ethanol
U.S. Alternatives:Ethanol
  • 60% cleaner than petroleum
  • 50¢ per barrel
  • Ethanol mixtures- E10
  • 364 million barrels reduce
  • Break dependence
  • OPEC crash-15 years
  • Jobs- not overseas
ethanol prevention
Ethanol Prevention
  • Tax on synthetic oil (ethanol)
  • Convert to ethanol--
  • Jobs lost/Conflict threat
  • M.E.- live in desert again
  • Gov. doesn't want problems
  • No motivation
ethanol cons
Ethanol Cons
  • More energy produce-provide
  • 11 acres corn= 1 year fuel for a car
  • Feed 7 people for year
  • Damage food production-
  • More corn than food production
  • All cars in U.S. ethanol= 97% of U.S. land
other alternatives
Other Alternatives
  • Arctic National Wildlife Refuge, Alaska:
  • 20 million acres
  • Sits on oil- 7 billion barrels
  • Tar Sands: Canada
  • Problems with each…
  • Companies- do nothing- think something will be discovered
  • Government- say/don’t do

Arctic National Wildlife Refuge (ANWR)

sources
Sources

Chazan, Guy. "Oil Prices Surge on Fears Egypt Unrest May Hurt Supply - WSJ.com." Business News & Financial News - The Wall Street Journal - Wsj.com. 1 Feb. 2011. Web. 23 Feb. 2011. .

Dye, Lee. "US: Foreign Oil Dependency: Stuck Between a Rock and Hard Place." Energy Bulletin. ABCnews.com, 27 July 2004. Web. 3 Mar. 2011. .

"HowStuffWorks "OPEC and Global Gas Prices"" Howstuffworks "Auto " Web. 1 Mar. 2011. .

McNinch, Steven R. "U.S. Ethanol Can Replace OPEC Oil Immediately » Growth Energy." Growth Energy. Longmont Times Cell, 17 Aug. 2010. Web. 3 Mar. 2011. .

"OPEC : Brief History." OPEC : Home. Web. 23 Mar. 2011. .

"Story - Farm Futures." Farm Futures - Home. 9 Mar. 2011. Web. 10 Mar. 2011. .

sources1
Sources

"Allah vs. the Price of Gas." Hubpages. Web. 1 Apr. 2011. .

Energy, Growth. "On OPEC's 50th Anniversary, U.S. Ethanol Industry Calls on Congress and Consumers to Help Retire the Cartel | Growth Energy." Renewable Energy World - Renewable Energy News, Jobs, Events, Companies, and More. 14 Sept. 2010. Web. 3 Mar. 2011. .

"OPEC : Setting the Record Straight over Prices." OPEC : Home. Web. 2 Mar. 2011. .

"OPEC (multinational Organization) -- Britannica Online Encyclopedia." Encyclopedia - Britannica Online Encyclopedia. Web. 27 Feb. 2011. .

"Petroleum - Water, Effects, Environmental, Disasters, Pollutants, United States, History, Causes, Impact, EPA, Soil, Chemicals, Industrial, Liquid, Wells, Toxic, World, Human, Power." Pollution Issues. Web. 27 Feb. 2011. .

ad