Oil

What is the process of separating oil from tar sands?

Adding bitumen, caustic soda, and hot water

Where was crude oil discovered in 1859, starting the modern petroleum extraction industry?

Pennsylvania

What is the primary component of oil shale?

Hydrocarbons

What do tar sands consist of?

Deposits of loose grained rock bonded together by bituminous material Signup and view all the answers

What is petroleum?

Liquid deposits of hydrocarbon material deposited within the earth's crust Signup and view all the answers

What are the three categories of oil reserves?

Proven, probable, and possible reserves Signup and view all the answers

What is the name of the hydrocarbon-containing waxy solid found in oil shale?

Kerogen Signup and view all the answers

Which country began oil production in 1911, starting with Iran and leading to discoveries in Iraq and Saudi Arabia?

The Middle East Signup and view all the answers

What is the method used to extract heavy oil from buried petroleum deposits?

Steam injection Signup and view all the answers

Hydrocarbons in oil shale are contained in a waxy solid known as ____.

Kerogen Signup and view all the answers

What are the pre-requisites for the formation of oil?

Suitable source of marine deposits contained within source rocks Signup and view all the answers

Which region was not an initial focus of exploration efforts for oil?

South America Signup and view all the answers

Which region became a source of oil with new discoveries in Great Britain and Norway due to natural gas discovery in 1965?

The North Sea Signup and view all the answers

When did the exploitation of Athabaska oil sands begin?

1967 Signup and view all the answers

Which country has the largest deposits of oil shale?

United States Signup and view all the answers

What is the origin of oil shale?

Sedimentary Signup and view all the answers

What caused the oil price to drop to $10 by mid-1986?

Oil industry slump Signup and view all the answers

What is the probability of economically recovering proven reserves?

Greater than 90% Signup and view all the answers

Which country began oil production in 1911, starting with Iran and leading to discoveries in Iraq and Saudi Arabia?

Iran Signup and view all the answers

Where are modern day petroleum deposits found?

Within sedimentary basins Signup and view all the answers

What happens when oil shale is heated in a closed container?

Volatile material is eliminated, resulting in oil Signup and view all the answers

Which countries hold a greater share of global oil reserves?

Non-OECD countries Signup and view all the answers

How much oil can be mined with current technology from the Athabaska oil sands?

300 billion barrels Signup and view all the answers

How is heavy crude oil forced to the surface for processing?

By steam injection Signup and view all the answers

What is the main challenge in large-scale production of oil shale?

Environmental impacts Signup and view all the answers

Which of the following countries was not mentioned as an important oil producer in the early 1900s?

Gabon Signup and view all the answers

What is the estimated yield of oil per day from 3 million tonnes of shale processed during the early 20th century?

5000 barrels Signup and view all the answers

Where can the largest deposits of heavy oil in the world be found?

Venezuela Signup and view all the answers

Which organization holds a majority share of global oil reserves?

OPEC Signup and view all the answers

What events affect oil prices?

Gulf Wars and OPEC's control Signup and view all the answers

What is Canada's share of global oil reserves?

9.7% Signup and view all the answers

Where are the largest deposits of oil shale located?

United States Signup and view all the answers

What are some of the problems associated with non-conventional sources of oil?

Environmental impacts Signup and view all the answers

When did oil prices range from $25-30?

Early 2000s Signup and view all the answers

When did oil prices range from $40-50?

2004-2005 Signup and view all the answers

In what year did global oil consumption decline for the first time since 2009?

2020 Signup and view all the answers

Which regions saw the highest declines in oil consumption in 2020?

US and EU Signup and view all the answers

What is the peak oil theory?

Predicts production will decline and prices will go up Signup and view all the answers

When does the International Energy Agency predict peak oil?

Around 2030 Signup and view all the answers

What caused the oil price to increase from $2 to $12 per barrel in 1973?

Supply disruptions due to the Yom Kippur War Signup and view all the answers

Which countries saw the largest declines in oil production in 2020?

Russia, Libya, and Saudi Arabia Signup and view all the answers

What alleviated difficulties in the 1980s?

Increased production by non-OPEC countries Signup and view all the answers

What is the R/P ratio for global proven oil reserves in 2020?

53.5 years Signup and view all the answers

Oil

Questions and Answers

What is the process of separating oil from tar sands?

Where was crude oil discovered in 1859, starting the modern petroleum extraction industry?

What is the primary component of oil shale?

What do tar sands consist of?

What is petroleum?

What are the three categories of oil reserves?

What is the name of the hydrocarbon-containing waxy solid found in oil shale?

Which country began oil production in 1911, starting with Iran and leading to discoveries in Iraq and Saudi Arabia?

What is the method used to extract heavy oil from buried petroleum deposits?

Hydrocarbons in oil shale are contained in a waxy solid known as ____.

What are the pre-requisites for the formation of oil?

Which region was not an initial focus of exploration efforts for oil?

Which region became a source of oil with new discoveries in Great Britain and Norway due to natural gas discovery in 1965?

When did the exploitation of Athabaska oil sands begin?

Which country has the largest deposits of oil shale?

What is the origin of oil shale?

What caused the oil price to drop to $10 by mid-1986?

What is the probability of economically recovering proven reserves?

Which country began oil production in 1911, starting with Iran and leading to discoveries in Iraq and Saudi Arabia?

Where are modern day petroleum deposits found?

What happens when oil shale is heated in a closed container?

Which countries hold a greater share of global oil reserves?

How much oil can be mined with current technology from the Athabaska oil sands?

How is heavy crude oil forced to the surface for processing?

What is the main challenge in large-scale production of oil shale?

Which of the following countries was not mentioned as an important oil producer in the early 1900s?

What is the estimated yield of oil per day from 3 million tonnes of shale processed during the early 20th century?

Where can the largest deposits of heavy oil in the world be found?

Which organization holds a majority share of global oil reserves?

What events affect oil prices?

What is Canada's share of global oil reserves?

Where are the largest deposits of oil shale located?

What are some of the problems associated with non-conventional sources of oil?

When did oil prices range from $25-30?

When did oil prices range from $40-50?

In what year did global oil consumption decline for the first time since 2009?

Which regions saw the highest declines in oil consumption in 2020?

What is the peak oil theory?

When does the International Energy Agency predict peak oil?

What caused the oil price to increase from $2 to $12 per barrel in 1973?

Which countries saw the largest declines in oil production in 2020?

What alleviated difficulties in the 1980s?

What is the R/P ratio for global proven oil reserves in 2020?

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