global oil crisis.pptx
TRANSCRIPT
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PRESENTATION NAME
Presented by,
Ipsita Mishra-311sm1012Madhawai Rajan-311sm1019Manshwini Dash-311sm1005
Global oil crisis: Impacton Iran and other
Countries.
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PEAK OIL
Peak oil refers to
the point in time
when themaximum rate of
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Consumption of oilglobally
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Peak oil on Alaska
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Increasing price of oil
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Problems faced by Iran Iran is developing nuclear weapons for peaceful
purpose as told my Iran but it is not believed by therest of the global community.
Iran states the purpose of its nuclear program is thegeneration of power
Iran is against mass destruction as it is againstIslamic religious principles. Iran claims that nuclearpower is necessary for a booming population andrapidly-industrialising nation. It points to the factthat Iran's population has more than doubled in 20years, the country regularly imports gasoline andelectricity, and that burning fossil fuel in large
amounts harms Iran's environment drastically. Iran is working on nuclear program but US warned
him to stop nuclear program but iran doesn't want tostop nuclear program.US told to all other countriesto stop all types of business relation with Iran. Sothat Iran cant continue his nuclear program due to
shortage of finance on country this can also lead toglobal oil crisis.
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CURRENT EXPORTERS &IMPORTERS
v EXPORTERS:
Iran: 151.2 bpd
Iraq:143.1bpd
Kuwait:101.5bpd
Saudi Arabia:264.5bpd
UAE:97.8bpd
Venezuela:296.5bpd
Libya:47.1bpd
Nigeria:36.2bpd
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Numerous nations andmultinational entities imposesanctions against Iran. Sanctions
commonly bar nuclear, missileand certain military exports toIran; investments in oil, gas andpetrochemicals; exports of refinedpetroleum products; businessdealings with the Iran ; bankingand insurance transactions withthe Central Bank of Iran.
Sanctions
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US Sanction:
These sanctions allow the USto sanction banks, refiners andtraders worldwide who buy
Iranian oil. It is not an offencefor non US entities to buy,supply, or be involved with thepurchase of Iranian oil but the
US can choose to cut theseentities off from the US financialsystem.
EU Sanction:
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v Nuclear Program: Iran's nuclear program has
been hampered by machine
design flaws, equipmentbreakdowns and problemsgetting parts because ofinternational sanctions.
v Inflation & Cost of Goods: Sanctions have prevented
foreign direct investment
(FDI) as prices rise and
Impact of sanctionson Iran
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v Irans Energy Sector:
Iran has been increasinglyunable to attract foreigninvestment, especially in its
oil fields, leading to aprojected loss of $14 billion ayear in oil revenues.
q Declining Oil Output& OilExports:
U.S. sanctions have made iteven more difficult for Iran to
transact payments for oil
Cont..
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q Declining Gasoline
Imports: Decrease in gasoline
deliveries from 3.5 million
barrels per day before toabout 900,000 barrels per dayafter its enactment.
Cost of conversion ofpetrochemical factories torefined oil is 15 times morethan made in refineries.
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v Supply may reduce in 1.5million barrels a day whichresults in supply shock.
v The global price of oil couldrise by as much as 20 to 30percent.
v Saudi Arabia, which already
produces more than eightmillion barrels a day, isconsidering increasing its oil
production, and could be able'
IMPACT ON GLOBALOIL MARKET
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India imports 12% of its crude
oil requirements from Iran It has said that it is not
obliged to fulfil any domestic
law or rules of any particularcountry.
It will respect the sanctions
'imposed by the UnitedNations.
The UN sanctions doesn'tforbid countries engaged intrading essential commodities
Impact of sanction onIndia:
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Projected to become one of the seven
largest consumers of energy within adecade.
India's indigenous oil and gas reserves
are not expected to last beyond 2014-16at current levels of consumption.
Currently, India produces less than 33million tonnes of oil compared todemand for around 96 million tonnes,calling for imports to the tune of around64 million tonnes.
India's oil import dependency has gone
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The oil import bill is projected
to go up to around Rs 60,000crores, against an earlierexpected outgo of around Rs
54,000 crores.
India, who over the years, will
become major oil consumers,and becoming increasinglydependent on imports fortheir energy, any price
fluctuation can have a
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Hydro-drive electroniccatalytic convertor, an Indiancreation is in circulation from
past few years and has beenconferred the Best Asian GoldAward in 2001. If thistechnology is used in vehiclesthe petrol and dieselutilization can be curbed by10% approximately.
Alternative in India
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v Shale Oil Shale gas is natural gas trapped in shalerock deep below the earths surface. Until recently,it was inaccessible for development due to itsdepth and concentration. New advances inhorizontal drilling, combined with hydraulic frackingtechnology have enabled producers to capture this
once elusive resource.v Biomass has probably received the most attention
as an alternative fuel. Beginning with cellulosecrops such as corn or switchgrass, enzymes ormicrobes are used to break down the cellulose intosimple sugars that can be fermented into ethyl
alcohol and used as an alternative fuel or a fueladditive.
v Biodiesel a much more promising alternative fuelis biodiesel which is typically produced from plantoils or animal fats. However, algae may also be a
source of biodiesel in the future. Algae oilsometimes called oilgae or algaeoleum can be as
Alternatives for oilcrisis
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v Methanol, also known as woodalcohol, can be used as analternative fuel in flexible fuelvehicles that are designed to run
on M85, a blend of 85 percentmethanol and 15 percent gasoline,but automakers are no longermanufacturing methanol-powered
vehicles.v P-Series Fuels as Alternative
Fuels P-Series fuels are a blend ofethanol, natural gas liquids andmethyltetrahydrofuran (MeTHF), a
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Shale oil extraction is anindustrial process forunconventional oilproduction. This process
converts kerogen into shaleoil by pyrolysis ,hydrogenation , or thermal
dissolution . The resultantshale oil is used as fuel oil orupgraded to meet refineryfeedstock specifications byadding hydrogen and
Extraction of Shale gas
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Shale gas production
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Estimation of Shale gas
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US proposes release of OilStocks.
India to receive cheaper Gasfrom Turkmenistan at $10including $3 as transportationcharges and transit fees through1680 km pipeline viaAfghanistan and Pakistan .
Iraq has the potential to increaseproduction from 2.5millionbarrels a day (b/d) in 2010 to
more than 5 million b/d in the
FUTURE ASPECTS
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REFERENCES
www.google.com www.Wikipedia.com
http://www.google.com/http://www.wikipedia.com/http://www.wikipedia.com/http://www.google.com/