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Understanding Energy Sources: The Process and Economics of Oil Exploration

Exploring the journey of energy from oil, this guide covers radar exploration to electricity generation, predicting the future energy demand, and discussing societal perspectives on oil consumption and alternatives.

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Understanding Energy Sources: The Process and Economics of Oil Exploration

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Presentation Transcript

  1. Oil for New Hampshire Adam Scala

  2. How Energy Comes From Oil • 1st used radar to find large oil deposits • 2nd drill into the ground pump crude oil out into tanks • 3rd bring oil to plants where it is burned • 4th heat turns water to steam • 5th steam turns turbine which generates electricity.

  3. Price of Energy • $103.31 per barrel • $119 in next year • 610 kWh per barrel of oil • 19-20 cents per kWh • Used graph to predict that in 2012 use 13,040 million kWh • That means 21,377,049 barrels of oil if 100% energy from oil

  4. Price of Energy Continued • Used this graph to figure that 10% NH energy comes from oil • $ 2,150,000 in 2010

  5. Would We Be Selfish • USA consumes 19.8 million barrels of oil a day • If double our oil consumption then use 4,275,409 barrels A YEAR • 1:1689(we use one barrel US uses 1689) everyday

  6. Advantages • Exists • Others asking for millions of dollars we don’t have or research • Doesn’t make sense when infrastructure for Oil is already set up • Don't spend extra setting something(nuclear plants, hydro-dam, coal mines, ) up • Just ask for more then right a bigger check

  7. The Citizens View • People understand it • Easier taxes for it • Asking for $ for oil easier than nuclear fusion, geothermal, biomass • Are they going to give us $ for something they understand or don't

  8. Citations • http://cogeneration.net/steamturbine.jpg • http://205.254.135.7/tools/faqs/faq.cfm?id=667&t=6 • http://apps1.eere.energy.gov/states/electricity.cfm/state=NH • http://www.oil-price.net/ • http://www.admin.state.nh.us/EnergyManagement/index.asp • http://img.thesun.co.uk/multimedia/archive/00482/SNN0739D_682_482264a.jpg

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