Innovations in Crude Oil Production Essay -- Oil Production Essays Pap

Innovations in Crude Oil ProductionThe premiere anele well was drilled in 1859 by Edwin Drake. It burned to the purposeseveral months later, but had it survived it would only have yielded around 20 put ofoil per day, hardly a drop in todays market.(Story) At the time however, it wasconsidered a success and it began a variation in oil production. Crude oil production inthe knowledge base skyrocketed from a few hundred barrels of oil per day to 76 one thousand million today.(International) Of course, in the long term, this is not sustainable. In the well(p) futurehowever, it is the goal of the oil industry to continue this growth in order to continue to meet the world demand.Unlike the rest of the world, new oil production in the US has gone down, froma naughty of 9.6 million barrels per day in the 1970s to only 5.7 million barrels of oil perday now. But like the world, demand for oil has gone up. Looking at statistics forestimated US oil supply( Environmental A History of Innovation, p. 9) 162 million barrels have already been produced 22 trillion barrels make up our proven reserves 37 trillion barrels atomic number 18 proven, but currently unrecoverable 50 billion barrels are estimated undiscovered and recoverable 351 billion barrels are estimated undiscovered and unrecoverableWith an estimate of around 460 billion barrels of oil remaining, recent productiondeclines are not due to the US raceway out of oil colour completely. However, 388 billionbarrels of this countrys crude oil are technologically unrecoverable. What this means isthat engine room may live to recover this oil, but that with todays crude prices, it is not stinting to do so. This problem faces oil producing countries all over the world. Thus,... ...o developing renewable energytechnologies that will prepare for a fossil fuel-less future that this technology is bringing closer every day.Works CitedThe Story of Oil in Pennsylvania. Paleontological Research Institution Official H omePage . 2004.http//www.priweb.org/ed/pgws/history/pennsylvania/pennsylvania2.htmlInternational Energy Annual 2001 edition, released in abut 2003. EnergyInformation Administration (DOE) Official Home Page.http//www.eia.doe.gov/emeu/iea/tableg1.htmlUS division of Energy. Environmental Benefits of Advanced Oil and GasExploration and Production engineering science. Washington 1999.http//www.fossil.energy.gov./programs/oilgas/publications/environmentalbenefits/Enhanced Oil Recovery/ CO2 Injection patch of Fossil Energy (DOE) Official HomePage. 2004.http//www.fossil.energy.gov/programs/oilgas/eor/