PETE 2031 Chapter 1

Prior to the discovery of petroleum, mankind used ____ as the main source of energy to operate their machines.

Since the first commercial well drilled in the United States in 1859, the dependence on petroleum as a source of energy has __________ tremendously.

•From that point onwards, petroleum has been and will continue to be the main source of energy for decades ahead due to its _____________________.

•In addition, hydrocarbons are not only used as fuel for our machines, but also as ________________________ for many modern industrial products such as plastics, paints, and rubber.

a naturally occurring hydrocarbon (composed of hydrogen and carbon atoms) that can exist as a solid, liquid, or gas.

•a function of the pressure and temperature to which it is exposed as well as its structure (chain length/molecular weight).

•Most of the hydrocarbons found within the ground are either _____________, and are referred to as _____________________, respectively.

The economic benefits of oil and gas

• provide 80% of American energy

• industry was responsible for 12.3 million American jobs.

• to provide $1.6 trillion in federal and state tax revenue

• helps save American consumers an estimated $203 billion annually

Louisiana’s oil and natural gas industry:

• Provided $73 billion to the state GDP

• Supported a total of 249,800 jobs and provided $14.5 billion in wages to in-state workers.

• Generated $62.6 billion in revenue

• Accounted for $4.5 billion of state and local tax revenue.

• there are 1.43 additional employees supporting the state economy

What are the products from crude oil?

• perfumes, antihistamines

• deodorant, life jackets

• paint, fertilizers

• eyeglasses, toothbrushes, heart valves

• honey, food, drinks