By: Justin Park and Brandon Pang
Oil is a fundamental source of energy in modern society today. Most of the oil deposits in the world however, have been depleted by the power-hungry nations. It has become a symbol of crude power, simply because it powers a country's transportation along with the development of its products. The main oil fields in the world today—as many know—are located in the Middle-Eastern states. This month, Iraq will finalize contracts with ExxonMobil, Royal Dutch Shell, and BP allowing these companies to develop some of the largest oil fields in the world. These fields are the sole remaining "easy-access" oil fields; which means that they do not require ultra-deep drilling or any other innovative production methods.
The world uses approximately 85 million barrels of oil per day, which it collects from over 4000 oil fields. These oil fields are comparatively diminutive in contrast to the undeveloped oil field giants and megafields located around Iraq. These giants can produce over an astounding 100,000 bpd whilst the megafields have the capability to churn out a remarkable 1 million barrels of oil per day. These are enormous resources of energy, so important to the world's daily life—along with a nation's well-being—that it is a decent enough reason to go to war over.
The oil field in Ghawar, Saudi Arabia, has the ability to make about 30 billion more barrels continuing into the future. Over the past 60 years, it has produced around 60 billion barrels of oil being 160 miles long and 16 miles wide. Ghawar is a vital oil field to today's economy as it yields 4.5 million barrels of oil per day. Significantly large oil fields are all over the world, some are, however, extremely difficult to reach, while the ones in the Middle-East are exceptionally simple to get to. Vast expanses of oil are hidden under the thick ice crust over the Arctic Ocean, making it virtually impossible to reach.
Oil fields in areas like West Qurna, Majnoon, and Rumaila are all situated in the jurisdiction of Iraq. On average, they are projected to produce about 20 billion barrels of oil each. Notice that all of the future oil that nation's are dependent on, are located in the center of the frying pan. Most of the conflict in the world is found there. In the future, one, thin, tense string to snap is all it will take for the third world war to begin. Hopefully, organizations such as the United Nations, and the lasting peace in the world today will continue on into the future; despite the fact that luxuries such as easy oil will not be available to just anyone.
Mankind and raw oil synergize to form the world as what it has become today. Because the world has yet to delve deep into the research of other power sources, such as solar and water, for transportation uses, oil is predicted to remain as the mainstay of energy for years to come.
Headline ideas needed please!
Student quotes coming soon.
Oil is a fundamental source of energy in modern society today. Most of the oil deposits in the world however, have been depleted by the power-hungry nations. It has become a symbol of crude power, simply because it powers a country's transportation along with the development of its products. The main oil fields in the world today—as many know—are located in the Middle-Eastern states. This month, Iraq will finalize contracts with ExxonMobil, Royal Dutch Shell, and BP allowing these companies to develop some of the largest oil fields in the world. These fields are the sole remaining "easy-access" oil fields; which means that they do not require ultra-deep drilling or any other innovative production methods.
The world uses approximately 85 million barrels of oil per day, which it collects from over 4000 oil fields. These oil fields are comparatively diminutive in contrast to the undeveloped oil field giants and megafields located around Iraq. These giants can produce over an astounding 100,000 bpd whilst the megafields have the capability to churn out a remarkable 1 million barrels of oil per day. These are enormous resources of energy, so important to the world's daily life—along with a nation's well-being—that it is a decent enough reason to go to war over.
The oil field in Ghawar, Saudi Arabia, has the ability to make about 30 billion more barrels continuing into the future. Over the past 60 years, it has produced around 60 billion barrels of oil being 160 miles long and 16 miles wide. Ghawar is a vital oil field to today's economy as it yields 4.5 million barrels of oil per day. Significantly large oil fields are all over the world, some are, however, extremely difficult to reach, while the ones in the Middle-East are exceptionally simple to get to. Vast expanses of oil are hidden under the thick ice crust over the Arctic Ocean, making it virtually impossible to reach.
Oil fields in areas like West Qurna, Majnoon, and Rumaila are all situated in the jurisdiction of Iraq. On average, they are projected to produce about 20 billion barrels of oil each. Notice that all of the future oil that nation's are dependent on, are located in the center of the frying pan. Most of the conflict in the world is found there. In the future, one, thin, tense string to snap is all it will take for the third world war to begin. Hopefully, organizations such as the United Nations, and the lasting peace in the world today will continue on into the future; despite the fact that luxuries such as easy oil will not be available to just anyone.
Mankind and raw oil synergize to form the world as what it has become today. Because the world has yet to delve deep into the research of other power sources, such as solar and water, for transportation uses, oil is predicted to remain as the mainstay of energy for years to come.
Headline ideas needed please!
Student quotes coming soon.