Causes And Effects Of Oil Extraction

Besides, the organization has upgraded its technological capacity through the projects and innovation section of its business. In this word, there are few oil companies and most of the oil and natural business is controlled by powerful organizations. The large amount of capital investment tend to remove a lot of supplier of rigs, pipeline, refining and other. even the suppliers product are important info to the oil organizations, the oil organizations still have critical control over smaller drilling and support

Many seafood companies prices fluctuate because a whole number of reasons. Have you ever thought why though? They even have to take some foods completely off their menus. A lot of the time this is because of an oil spill that kills so much of the environment that a lot of the sea animals die or even become endangered. The BP Deepwater Horizon spill in 2010 is a great example of this. It spilled 200 million gallons of crude oil into the Gulf of Mexico in 87 days. The area of the spill alone had over 8,000 species, which already had 39 endangered species and added 14 new species to the endangered list. Not only did we lose animals but “Eleven people died as a result of the accident and 17 others were injured”(BP Staff).

Offshore drilling has become an essential part of today’s oil production and demand for energy. With the growth of population comes the increasing demand for oil. The oil industry today, is one of the most used providers of energy. Today in the 20th century the majority of the population in America has a car and cars needs gas to run. The oil reserves in the earth that are easily accessible via land are starting to run dry and are becoming harder to find. This is why we have begun to see more and more offshore oil drills. Although there are benefits of offshore drilling such as profit, lower gas prices, and becoming less dependent on foreign oil. There are also many drawbacks in which if something were to go wrong, the mistake would be catastrophic impacting the environment, the nature, and have trickling effects all around the world.

The oil and gas industry is easily influenced by the economic segment as there are so many dependent sectors in this industry. Thus, if the economy is in the recession/inflation, there will be fewer oil and gas products manufactured as people will try to cut down on their energy expense such as vacation or having an own car to drive to work…

One of America’s priorities is creating more jobs for everyone and offshore oil drilling does create jobs like “specialized technicians, laborers, cooks, doctors, scientists and a number of other specialized workers as well as secondary jobs

Oil is such a major industry in the both the United States and the world, so the will be an extensive number of customers affected.

The process of the collection of an underground fluid would not be possible without the use of hydraulic fracturing. In the Shale reserves, located about 5,000 feet underground, suffer an extremely low permeability rate. Permeability is the measure of how well a fluid flows through an absorbent material at the depth, and within such nonporous rock, the ability of fluids to travel to the well is greatly limited. Fracturing increases the area of the fluid that is exposed to porous materials and thus greatly increases production. The method of fracturing utilizes a few key components which allow for an economical extraction of resources.

“Our country will have drilled and fracked our way down a blind alley for a short lived energy boom” (qtd. In …). Hydraulic fracturing, also known as fracking, is the process of drilling and injecting fluid into the ground at high pressure in order to fracture shale rocks to release natural gases inside. Many people are referring to fracking as an energy revolution that will last America at least 100 years. What they don’t know is that at the rate we are going, it wont last us 40, and the effects that it has on the environment will make earth’s lifespan shorter too. We need to stop hydraulic fracturing because it is wasteful, harms water reservoirs, and is hazardous to people and the environment.

The trucking industry is the “life blood” of the United States economy. Carrying 9.2 billion tons in freight accounting for a little over 600 billion dollars in total revenue. (7: http://tinyurl.com/n5hfx3r)Whiles these numbers represent the trucking industry as a whole, AM trucking will be specializing in a certain field known as “oilfield trucking”. Oilfield trucking is largely dependent on the oil and gas industry, which is continually booming. With fossil fuel rich regions in Wyoming, North Dakota and Texas, the United States is set to surpass Saudi Arabia as the biggest oil and gas producer in the world. (6: p39lj94). With such a positive outlook for the future of the oil and gas industry, it insures a positive outlook for the oil field trucking industry, because everyone needs trucks, from moving rigs and equipment, to hauling oil and water away, and ‘frack’ sand and base rock. “Right now, every company is hurting for that.”(In reference to oil field trucking companies) (7: n5hfx3r)

The hunt for oil and petroleum products has led to major accidents that have created moments of damage in the Gulf

On April 20, the explosion on the Deepwater Horizon drilling rig in the Gulf of Mexico led to the largest accidental release of oil into marine waters in history. As a result, a huge loss of money and life was caused and affected serious environmental damage to wild animals and water pollution. BP was accused of their irresponsibility that it took 87 days before the well was closed and sealed. BP’s shares

The oil and gas industries involve a high amount of documentation for both transportation as well as extraction and field services. Activities are highly regulated, and subject to oversight from Federal Energy Regulatory Commission (FERC), the Department of Transportation (DoT), the Environmental Protection Agency (EPA), and the Department of the Interior (DoI). That said, the process of regulation is trending toward a more digitized system, with organizations like FERC having their own submission portals that implement a “fill-in-the-blank” platform to complete forms. However, not all forms have yet been converted to digital submission even in agencies with online portals, and other agencies still remain reliant on

There are more than one trillion barrels of crude oil in the whole world. And there are also different kinds of faults under the ground. Fault is a crack in the crust of earth resulting from the displacement of one side with respect to the other. Oil migration means that oil spo-ntaneously move from high pressure area to low pressure area, oils always move upward. Oil accumulation means that oil always accumulate in their relatively smallest potential energy area. Fault plays very important role in the oil migration and accumulation. Faults can be di-vided to opened faults and closed faults which are relative concepts. Opened

Most of today’s producing naturally fractured reservoirs were discovered accidentally, they were found by somebody who are looking for some other type of reservoir. Significant volume of hydrocarbon resides in these reservoirs. But these are abandoned particularly in fields because improper testing and evolution or because the wells did not intersect the natural fractures (Aguilera, 1998). Attempts have been made to quantify properties of such reservoir (Chaki et al., 2014).

The current changes in the demographics will face the oil business and Statoil. The business is young, so a big portion of employees will be retiring and replaced by the y-generation. Statoil is known as a very attractive company for the up and coming generation, and it is currently a war within the industry, and hopefully Statoil will be first in line. There is an outermost growing demand for petroleum, oil and gas due to a constant growing population in the world and strong economic growth in the industrializing countries in the world.