social studies project

by: Andrea reyna

Oil Reserves

Definition: Oil reserves are the amount of technically and economically recoverable oil. Reserves may be for a well , for a reservoir, for a field, for a nation, or for the world. Different classifications or reserves are related to their degree of certainty.

Facts about oil reserves

1.)On January 1,2002 a few places like Saudi Arabia, Iraq, and united Arab emirates had millions of barrels full with oil.

2.)Most of the world proved that oil reserves reached to 1687.9 billion barrels at the end of 2013

crude oil

Definition: crude oil is petroleum before it has been refined.

Facts about crude oil

1.)Oil is a hydrocarbon derived from organic material typically from seas and lakes buried under great pressure and heat.

2.)Oil has three main properties: density, viscosity, and solubility.

Nonrenewable resource

Definition: A resource of economic value that cannot be readily replaced by natural means on a level equal to its consumption. Most fossil fuels, such as oil, natural gas and coal are considered nonrenewable resources in that their use is not sustainable because their formation takes billions of years.

Facts about non-renewable resource

1.) one of the non-renewable resource is coal because you are not able to use it again


Definition:expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture.