Introducing 

Prezi AI.

Your new presentation assistant.

Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.

Loading…
Transcript

How does the depletion of oil affect global economy?

Project by: Ellie, Rosie, Zena and Tyrone

What is an environmental issue ?

An environmental issue is an issue that takes place upon planet earth, involving earth and its features. An environmental issue is an issue in which is developed by the interference and interaction of humans. The environmental issue that this group has chosen to spread awareness about is the environmental issue of oil depletion, and how it affects economy. Some examples of other serious environmental issues are:

  • Global warming
  • Deforestation
  • Air and water pollution
  • Overpopulation
  • Destruction of biodiversity

www.mhhe.com/biosci/esp/2001_gbio/folder_structure/ec/m5/s1/assets/images/ecm5s1_1.jpg

www.aid-n.com/wp-content/uploads/2012/12/Environmental-Issues-Statistics-Environmental-Issues-Picture.jpg

Prices and availability, how will it affect us annually?

Production

Specifying our group's primary research issue

The world's oil consumption has been increasing for more than a century with a few exceptions. Oil prices and availability might affect the global economy in the next decade. Global oil production grew by 1.8 percent annually from 1981 to 2005. Decline will begin somewhere between 2015 and 2020. North Dakota and Texas, more properly termed “tight oil,” which it is claimed will soon make America the world’s biggest oil producer.

www.commoditytrademantra.com340 × 225Search by image

Get Ready for Rising Commodity Prices on Hot Money Seeking a Low Risk Haven

The positive and negative aspects of oil consumption

We have decided to research upon the word issue of oil depletion. Within this issue, we will look at how how not only oil depletion affects us humans, but how it affects global economy. Hence our decision of further researching how the depletion of oil affects a community's consumption rates and methods along with how it uses their goods and services or resources; the community's production of goods and services and the management of the community's earnings along with its goods and services as well as the resources available.

For the definition of "Economy" please visit the definition given by dictionary.com, location located through the link underneath:

(http://dictionary.reference.com/browse/economy)

Cons

Pros

bothgunsblazingblog.files.wordpress.com/2013/10/economy-changes-affect-your-sales-funnel.jpg

  • Easier to produce, due to the feedstock that is created from crude oil.
  • Transportation is made easier for people due to the petroleum fuel that is used to run vehicles.
  • Due to oil and its various functions, oil has now allowed us to create:

- plastics for gerneral meterials

- vinyl for clothing and furniture

- gasoline, diesel, jet fuel - asphalt for the

- military and defense - a variation of fertilizer

- heating

- petrochemicals - polyurethanes

- solvents

- electrical generation

  • Extraction methods of oil are negatively affecting the environment due to the oil spills occuring throughout the process.
  • Please look at this link for additional information about the extraction of oil:
  • http://www.elsandcompany.com/howdrillingworks.htm
  • Oil and its prices are rising. Due to the depletion of this resource, the availability is thinening, making it harder to locate the locations of oil in the world.
  • Oil is consumed at an unsteady rate, and the consumption rates are going to affect the sustainability of this reasource's availability.

Earnings of the Community

How will a decrease in oil production affect us today?

The world uses lots of oil and there are many advantages of oil that we use. We use products every day that we wouldn’t be able to use if there wasn’t any oil present during the production of them. Some of these

www.massillonahead.com/programscommunity-collaborative-network/

products are things that

you wouldn’t expect them to have oil in them like; makeup or plasters. Other reasons that oil is used a lot is because it is easier to exract this resource than the resource of coal, so people prefer to use oil.

Around one-third of the oil we use is imported. It's unclear whether we will ever completely eliminate our need to import oil, creating new energy sources that can replace crude oil cleanly and cost-effectively.

www.roperld.com/science/graphics/CrudeOilFit.jpg

(Additional information about the effective and safe uses with oil )

thumbs.dreamstime.com/z/dead-bird-13455191.jpg

The decrease in oil will severely impact the products that are produced from oil and the products and services that use oil as well. As stated before, we can replace crude oil with clean and cost-efficient substitues. However, substitutes will not last forever. The decrease in oil is affecting us today by changing the value of the resource's sustainability, or the way we will conduct business in the following years.

i.telegraph.co.uk/multimedia/archive/02216/oil_2216265b.jpg

Effective uses:

Oil is a chemical that can irritate and destroy certain parts of the animal body such as eyes nose. It can kill if it enters the body via mouth or cut. It is a great lubricant and is used in almost all heavy machinery and without some of that machinery it would exceptionally difficult to build a lot of different things such as houses buildings. without oil it would be really hard to travel, all airplanes, boats and cars use oil

Safe uses:

If oil catches fire never use water to put it out, if you do it will blow up everywhere and create an even bigger fire. you should use a fire blanket of a fire extinguisher on an oil fire not water.

how to conserve oil: use less power consuming products like compact fluorescent light bulbs

and unplug most of your electrical appliances once you are done using them.

beprepared.com/wordpress/wp-content/uploads/2014/02/iStock_000006068273Small_fireman_putting_out_kitchen_fire-300x199.jpg

What are humans doing to enhance the depletion of oil?

Oil depletion is an environmental issue due to the interaction between humans and oil as a resource. Due to the misplacement and the high level of consumption rates relating with oil, the environmental issue is very serious. The statistics of America, and its consumption rates are approximately 18.89 million barrels of oil per day. Within the approximated amount of barrels per day, 0.32 billion barrels are of biofuels (biofuels are fuels that are grown from organic, living things, or the waste that is produced by the living things).

Conclusion

Overall, oil is an environmental issue that greatly affects global ecoconomy. Humans, due to the interactions with oil, have created a significant depletion, affecting the amount of oil there is and the availability of it. This affects the economical pricings and the production processes produce. Due to the frequent occurance during the production of global produce and the loss of oil, the availability of oil has dropped immensly and the prices are rising.

Our global consumption rates are too high to continue being reasonable, making the precious resource unsustainable. Crude oil develops at a very slow rate, from the organic matter thousands of years ago to the newly formed, heated and compressed, thick substance that we have today. Due to the consumption rates that we have today, without a sustitute, the world will have no fuel. The main substitute are biofuels for example corn-based ethanol. This is a substitute for crude oil, but it will not become everlasting. We humans must decrease our consumption rates to help the environ

www.ritholtz.com/blog/wp-content/uploads/2010/06/world-oil-consumption-001.jpg

Management (How oil depletion affects the economical management?)

www.dreamstime.com1234 × 1300Search by image

Happy cartoon businessman holding big bag full of money dollar isolated on white background. You can find other illustrations featuring this character in my

www.clipartbest.com874 × 1024Search by image

Rebecca Jane fashion blog: January 2013

The disposal of resources, goods and (the consumption of) money is related to economy. The management of a community’s resources, goods, and money is considered a broad concept, but if you divide the concept of management the divided crucial elements are extraction, sparing, inventorying, transportation and disposing of (resources, goods and money), economy is all related to management, hence being closely related to global and/or a community's economy.

For the definition of "Management", please visit the definition given by Dictionary.com through the link below:

(http://dictionary.reference.com/browse/management)

commons.wikimedia.org2592 × 1944Search by image

File:Oil Station in Buriram.jpg

www.clipartof.com139 × 150Search by image

Male Caucasian Office Nerd Business Man Mascot Cartoon Character Holding A Dollar Bill

Bibliography and Resource Acknowledgment

Resources (inclusive of the website's URL and MLA format citation) that we required through the designing and brainstorming of our project:

Consumption and what oil is used for

+

=

(Plastic in the form of a bottle)

asphalt

And more...

  • "Environmental Issues." - Global Issues. Web. 20 Sept. 2014. <http://www.globalissues.org/issue/168/environmental-issues>.

  • "Environmental Issues." - Global Issues. Web. 20 Sept. 2014. <http://www.globalissues.org/issue/168/environmental-issues>.

  • "Deforestation Facts, Deforestation Information, Effects of Deforestation - National Geographic." National Geographic. Web. 20 Sept. 2014. <http://environment.nationalgeographic.com/environment/global-warming/deforestation-overview/>.

  • "15 Current Environmental Problems That Our World Is Facing - Conserve Energy Future."ConserveEnergyFuture. Web. 20 Sept. 2014. <http://www.conserve-energy-future.com/15-current-environmental-problems.php>.

  • "Fossil Fuel Energy." Kidzworld. Web. 23 Sept. 2014. <http://www.kidzworld.com/article/1423-fossil-fuel-energy>

  • "Environmentally Conscious Consumers for Oil Shale." WHAT IS OIL USED FOR? Web. 23 Sept. 2014.<http://www.eccos.us/what-is-oil-used-for>.

  • "Completely Firestone." Everything You Need to Know About Motor Oil. Web. 08 Oct. 2014. <http://www.firestonecompleteautocare.com/cf/oil-change/everything-you-need-to-know-about-motor-oil/>.

  • "How to Use Essential Oils Effectively." How To Use Essential Oils Effectively. Web. 08 Oct. 2014. <http://www.floracopeia.com/About/how-to-use-essential-oils-effectively/>.

californiasislands.files.wordpress.com/2010/10/img_2106.jpg

2.bp.blogspot.com/-Ft_hoX2wUsY/UhxPHYoBWeI/AAAAAAAAAHs/l7X4S2FtseE/s640/plastic.jpg

www.desktopwallpapers4.me/abstract/asphalt-texture-19271/

According to ECCOS (http://www.eccos.us/what-is-oil-used-for), without oil, there are no plastics for sturdy material, vinyl, transportation fuels (gasoline, diesel, jet fuel), asphalt, military and defense, fertilizer, heating, feedstock (for machinery), petrochemicals, polyurethanes, solvents, electrical generation. The consumption of resources and/or goods are dependent upon the availability of oil.

For the definition of "Consumption", please visit the definition given by Dictionary.com through the link below:

(http://dictionary.reference.com/browse/consumption)

(Additional information for the present debate about biofuels )

(According to Green Choices from Cornell University, supporters of biofuels are arguing that this organic type of fuel is posed to be better than fuel derived from crude oil due to the organic "growing" processes that it uses, instead of the mining extraction processes that crude oil uses. Biofuels are also said to help lessen the greenhouse affect due to the fact that the process of refining biofuels does not involve any emission of carbon dioxide. Carbon dioxide, however is present during the process of refining crude oil into fuel, enhancing the biofuel supporters with another winning topic. However, biofuels are said to pose a great threat to global food systems and the natural environment.)

Bibliography and Resource Acknowledgment (Continued)

Consumption and the cause and effect of this issue

The different products that oil can be refined and altered into becoming also affects the consumption rates because of the accessibility of the product that is primarily created from oil; this is from the expected inactivity with crude oil until we find a stable and safe substitute.

fbexternal-a.akamaihd.net/safe_image.php?d=AQBFoqO5VZ5nwffP&w=470&h=246&url=http%3A%2F%2Fkaportal.hr%2Fportal%2Fwp-content%2Fuploads%2F2014%2F08%2Fbiodiesel_logo.jpg&cfs=1&upscale

  • "Essential Oil Safety Information."Essential Oil Safety Information. Web. 08 Oct. 2014. <http://www.aromaweb.com/articles/safety.asp>.

  • http://www.livescience.com/4979-oil-drilling-risks-rewards.htm

  • "How Oil Harms Animals and Plants in Marine Environments | Response.restoration.noaa.gov."How Oil Harms Animals and Plants in Marine Environments | Response.restoration.noaa.gov. Web. 06 Oct. 2014. <http://response.restoration.noaa.gov/oil-and-chemical-spills/oil-spills/how-oil-harms-animals-and-plants.html>.

  • "5 Ways Oil Spills Hurt the Environment." About. Web. 05 Oct. 2014. <http://environment.about.com/od/petroleum/a/oil_spills_and_environment.htm>.

  • "Environmental Issues Dictionary Definition | Environmental Issues Defined." Environmental Issues Dictionary Definition | Environmental Issues Defined. Web. 08 Oct. 2014. <http://www.yourdictionary.com/environmental-issues>.

  • "What Are Biofuels?" Green Choices. Web. 07 Oct. 2014. <http://www.greenchoices.cornell.edu/energy/biofuels/>.

  • "What Is Crude Oil? A Detailed Explanation on This Essential Fossil Fuel." What Is Crude Oil? A Detailed Explanation on This Essential Fossil Fuel. Web. 07 Oct. 2014. <http://oilprice.com/Energy/Crude-Oil/What-Is-Crude-Oil-A-Detailed-Explanation-On-This-Essential-Fossil-Fuel.html>.

  • http://oilprice.com/Energy/Crude-Oil/What-Happens-When-the-Oil-Runs-Out.html

  • http://www.rff.org/Publications/Resources/Pages/Replacing-Oil.aspx

  • "U.S. Energy Information Administration - EIA - Independent Statistics and Analysis." Countries. Web. 08 Oct. 2014. <http://www.eia.gov/countries/index.cfm?view=consumption>.

  • "Reduce Oil Dependence Costs."Reduce Oil Dependence Costs. Web. 05 Oct. 2014. <http://www.fueleconomy.gov/feg/oildep.shtml>.

  • "U.S. Energy Information Administration - EIA - Independent Statistics and Analysis." Countries. Web. 08 Oct. 2014.

Due to the depletion of this resource, most products will be unapproved of being produced, along with some other products due to their production processes could include oil products. As stated from "Resources For the Future" (http://www.rff.org/Publications/Resources/Pages/Replacing-Oil.aspx), the biofuel corn-based ethanol, is a possible substitute, however they say that the substitute should be "phased out" in the future.

www.csr.dk/sites/default/files/styles/615px/public/articles/37e7658d-e7fb-4900-a063-4f471a58776d.jpg?itok=A2vazur-?1334655354

Learn more about creating dynamic, engaging presentations with Prezi