Notes 1-3
Petroleum
- 40% - sweet, light, intermediate
- 60% - bitter, sour, heavy
-20% of sweet, light, int, oil has already been consumed
- 5% of bitter, sour, heavy has been consumed
- Light petroleum is in far greater demand: - Far less cost in refining
- Far more profitable, more useable end product
- When refined: -44 gallon barrel of sweet, light, oil = 42.3 useable gallons
-44 gallon barrel of bitter, sour, heavy = 39.6 useable gallons
-Mideast petroleum is in demand because it is: -Sweet, light - shallow fields
-Located on or adjacent to navigable water -Iraq is the only country in the Persian guild area to send its oil out by pipelines.
The others send it by ships.
- 40% - sweet, light, intermediate
- 60% - bitter, sour, heavy
-20% of sweet, light, int, oil has already been consumed
- 5% of bitter, sour, heavy has been consumed
- Light petroleum is in far greater demand: - Far less cost in refining
- Far more profitable, more useable end product
- When refined: -44 gallon barrel of sweet, light, oil = 42.3 useable gallons
-44 gallon barrel of bitter, sour, heavy = 39.6 useable gallons
-Mideast petroleum is in demand because it is: -Sweet, light - shallow fields
-Located on or adjacent to navigable water -Iraq is the only country in the Persian guild area to send its oil out by pipelines.
The others send it by ships.