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- Petroleum (oil) is
a naturally occurring oily liquid composed of various organic
chemicals. It is estimated that 40% of the worlds total primary
energy demand is fulfilled by oil. It is most widely used as an
energy source for industrial, commercial, governmental/military
and residential uses.
Total
World Reserves
The total amount of
oil in the world is estimated at 4 trillion barrels. Of this total,
experts estimate that approximately half is recoverable. These same
experts estimate that 465 billion barrels of oil have already been
consumed. The current rate of consumption around the world is 22
billion barrels per year. At this rate, the world has about 45 years
left to enjoy the luxuries that oil provides. Once world oil reserves
becomes depleted, companies may look into the estimated 800 billion
barrels which remain to be discovered, or are not recoverable with
our current technology (Environmental Science, A Global Concern).
Some prospective drilling sites where oil companies are researching
are located in Alaska and the Caspian Basin. A large potential for
liquid hydrocarbon resources, including shale oil and tar sands,
exist mainly throughout North America.
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- Proven
World Oil Reserves 2001
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Middle
East and Africa
- Persian Gulf countries
in the Middle East contain almost two-thirds of the world's proven
oil supplies. In fact, 7 of the top 10 countries who lead the world
in oil reserves are from this region (Third
World Traveler-Middle East). The leading country is Saudi Arabia,
with 25.3% of the total. Oil was discovered in the nation's capital
of Riyadh in the 1930s. This discovery turned the old provincial
town into a modern, urban city. As a whole, the growth of the oil
economy has encouraged migration to the Middle East and Northern
Africa, especially during the past 50 years. Iraq, only second to
Saudi Arabia in total world reserves, currently owns approximately
112 billion barrels of oil, which accounts for 9.5% of the world
total.
At one point, Kuwait had more than 10% of the world's total oil
reserves. However, since Iraq invaded Kuwait in the Gulf War of
1990, nearly 5 billion barrels of oil were burned or spilled.
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International
Environmental Problems & Policy - Fossil Fuels
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This brought Kuwait's
total share down to 9.5% or 96 billion barrels. The United Arab
Emirates owns slightly over Kuwait's total share, with 96.2 billion
barrels. About 90% of the country's reserves are in its capital
city of Abu Dhabi (UAE
Oil and Gas). Iran is also a world leader with 9% of the global
proven oil reserves. A few other Middle Eastern and Northern Africa
countries that are in the top twenty in the world for proven oil
reserves are Libya with 29.5 billion barrels, Nigeria with 24
billion barrels, Qatar with 15.2 billion barrels, Algeria with
9.2 billion barrels, Oman with 5.5 billion barrels and Angola
which has 5.4 billion barrels of proven oil reserves. New offshore
discoveries in Nigeria are likely to bring their total amount
from 24 billion barrels to 30 billion barrels. All of the crude
oil in Nigeria is located in swamps in the Niger Delta, where
there are about 660 small oil fields (Viaton).
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Latin
America
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The earliest oil booms
in Latin America occurred in Mexico's Gulf Coast. Around the same
time, Venezuela discovered oil reserves around Lake Maracaibo,
which accounts for 4% of the world's oil reserves. Both of these
countries are included in the top 20 of the world's proven oil
reserves. Mexico holds 4.9% of the world's oil whereas Venezuela
has 7% of this total. Venezuela is one of the founding members
of OPEC (Organization of Petroleum Exporting Countries). OPEC
currently accounts for approximately 63% of the worlds proven
oil reserves. It does not, however, include major producers such
as Mexico and Russia.

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The
Organization of Petroleum Exporting Countries
Environmental pollution
has been a serious problem in all of the oil regions in Latin
America. Waterways have been contaminated with oil waste in countries
such as Ecuador and Colombia. In addition, there has been widespread
ecosystem damage, as well as serious health concerns for locals.
Venezuela is one of the United States' largest oil producers,
making up 13% of total imports (RIGZONE).
Some of the most recent oil developments in South America are
located in the Amazon. Amazon oil deposits are generally located
in remote forested areas. The discovery of oil in this region
has led to the degradation of forests in Peru, Ecuador and Colombia.
Rebels and government troops have fought over the income from
oil pipelines, and many pipelines have been bombed. This has also
resulted in several conflicts between Peru and Ecuador as well
as governments, corporations and indigenous groups in the Amazon.
Brazil has 8.4 billion barrels of reserves, which ranks them 16th
in the world (Third
World Traveler-Brazil).
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The map below shows
the areas of oil exploration and production in the Amazon region
of eastern Ecuador.

- International
Environmental Problems & Policy - Fossil Fuels
- The picture below shows
indigenous people of Ecuador protesting the government's proposal
for new oil development in a large area of the Amazon. In the 30
years of oil exploration in Ecuador, great environmental damage
has been caused, including oil spills into rivers that surpass the
Exxon Valdez spill.
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- The
Advocacy Project
Southeast
Asia
Southeast
Asia accounts for 5% of the global oil production. Indonesia, Malaysia
and Brunei are the most important producers of oil in the region.
Indonesia ranks 20th in the world for total oil reserves with 5
billion barrels. The majority of it is found off the coasts of Borneo,
Sumatra and Java. The small nation of Brunei is one of the wealthiest
countries in the world due to its reliance on oil profits (World
Regions in Global Context). Oil was discovered in the western part
of the country in the 1920s, and in the 1960s, the country began
exploring the possibility of oil offshore. Ever since then, the
economy has been thriving on oil.

Brunei
Russia,
Central Asia and the Caspian Basin
Due to
Russia's enormous size, it controls 49 billion barrels of oil (Energy
Division-Russian Oil). Western Siberia is thought to supply
Russia with two-thirds of its oil. Russia has enough oil to keep
its production going for 40 more years at current extraction levels.
The Tengiz oil field in Kazakhstan, which is one of the 10 largest
in the world, is estimated to have anywhere from 6 to 9 billion
barrels of reserves. The Karachaganak field has about 2.2 billion
barrels. In addition, there have been recent hydrocarbon discoveries
in the offshore site of Kashagan. This is estimated to be 3 times
larger than the Tengiz oil field (U.S.-Kazakhstan
Business Association). In addition to Kazakhstan, Azerbaijan
is estimated to have close to 1 billion metric tons of oil (Welcome
to Azerbaijan).
Reservoirs
in the Caspian Basin are expected to hold 200 billion barrels of
oil. If this is the case, it would be second in size to Saudi Arabia.
The region has the possibility to increase world supplies by 25%
or 10 years. There is however much debate to which countries the
pipelines would run through. There are three proposed routes which
include sending it north through Russia, east though the Caucasus
to Turkey, or south through Iran. The shortest and cheapest route
for a pipeline is through Iran. The United States is opposed to
this because of Iran's Islamic government, and the vulnerability
of the Persian Gulf. The route through Russia would increase Moscow's
economic power and force tankers to pass through the Bosporus and
Dardanelles straits. Turkey is worried that oil tankers may crash
into the shore of these congested straits, creating an environmentally
damaging oil spill. The route through the Caucasus also has its
detractors. The pipeline would be running through a region where
ethnic feuds have been plentiful (Infoplease-Caspian
Sea).
The map
below depicts the proposed pipelines, existing pipelines as well
as major oil fields around the Caspian Sea.

Virtual
Kazakhstan
For more
information on oil in the Caspian Sea visit Caspian
Basin Alert the Fall 2002 website of our "International
Environmental Problems & Policy" course.
North
America
The United
States has already used 40% of its estimated 200 billion barrels
of recoverable oil. There are some regions in the United States
that are believed to have oil. These are along the California coast,
the Beaufort Sea and the Grand Banks. Unfortunately all of these
places have a plethora of thriving wildlife and coastal communities.
Oil companies have directed their attention to the vast deposits
of oil shale. Oil shale is fine-grained sedimentary rock, rich in
solid organic material (kerogen). These deposits are located in
the Green River Formation in Wyoming, Utah and Colorado. In the
eastern United States, lower-grade oil shale deposits are present.
The only problem with extracting these deposits is the cost and
possibility of environmental damage.The oil shale deposits may yield
the equivalent of several trillion barrels of oil. However, these
issues must be solved before any mining is completed (Environmental
Science, A Global Concern).
Liquid
petroleum can be extracted from tar sands, which Canada is expected
to have 270 billion cubic meters of. The majority of these tar sands
are in Northern Alberta. "The oil content of Canadian tar sand
is thought to be 40 times as much as Alaska's 1002 field (Environmental
Science, A Global Concern)." The only problem is that extracting
this tar sand creates great amounts of contaminated water.
The United
States is exploring the possibility of drilling for oil on the northern
tip of Alaska's Arctic National Wildlife Refuge (ANWR). Estimates
of recoverable oil in the area vary from 2 to 15 billion barrels.
The map below
shows the ANWR in Alaska and the village that would be affected.

BBC
News-ANWR Oil
The ANWR
is one of the most beautiful places in North America. It is thought
that drilling for oil in this region would cause ecological damage.
This has been cause for opposition by environmental groups and local
Gwich'in Indian villagers. The local village has a history of living
off the animals that inhabit the ANWR. The Gwich'in say, "the
animals provide almost all of their meat but the proposed oil drilling
would take place in the heart of the caribou calving grounds."
President Bush has been a strong supporter of oil drilling in the
area but the U.S. Senate voted against drilling. Bush believes that
America needs to increase its domestic energy supply so we de not
have to rely on imported oil from various nations. Environmentalists
say that the U.S. needs to begin producing more fuel efficient cars
in order to cut down on our foreign oil dependency (BBC
News-ANWR Oil).
Conclusion
There
are oil reserves located throughout the world in a variety of
countries. The Middle East region dominates all others with the
greatest supply of oil, most of which supplies Europe and Japan
rather than the U.S. Regardless of where the oil is located, concerns
of environmental effects are present. With hopes of improving
the world's technology, future oil sites may offset depleting
oil reserves already in existence. Conservation is another answer,
particularly since the global reserves will be gone within 45
years if current consumption continues.
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