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Zebin Dholasaniya

Due: February 13th, 2015


Period: 7th

Midterm Presentation Outline


(Draft #1)
Slide 1:

Exploring Petroleum Economics

Slide 2:

Exploring Petroleum Economics


Presented By: Zebin Dholasaniya
Mentor: Raheem Momin
OneSubsea: A Cameron & Schlumberger Company
Financial Analyst
Independent Study Mentorship Spring 2015
ISM Teacher: Mrs. Click

Slide 3:

What is Independent Mentorship (ISM)?


The Independent Study Mentorship program is a course offered to students,
who would like the opportunity to shadow a professional in a particular area of
study. By working one-on-one with a professional in the work force, students are
able to expand their base of knowledge on a field they are interested in or plan to
build a career in. The mentor of the students choosing, provides the students with
knowledge and resources to construct a presentation and project that accurately
reflects what they gained through the mentorship experience.
The requirements needed to maintain enrollment in class:

Minimum of 2-3 hours of mentorship activities each week


Completion of Journal Entry per week
Maintaining an ISM Professional Portfolio

Slide 4:
The Project
Topic: I will be presenting a detailed breakdown of the way in which different
economic conditions affect the petroleum industry. This comprehensive
presentation will include information on the components of petroleum
economics.
Description: The project will be about the different factors that affect the
petroleum industry and the multiple ways in which, the petroleum industry in
turn affects other industries. The presentation will explore the perspective of
the consumer and the buyer, assessing the supply and demand for petroleum
and the cause and effect of rising and declining oil and gas prices. This will be
depicted in the form of economic graphs.

Rationale: The petroleum industry is one of the largest operating industries in


the world. It provides service to a large portion of the worlds population and
accounts for thousands of jobs. It directly and indirectly affects other
industries and the economy at large. The reason petroleum economics is a
good area of focus is because in relation to the currently declining gasoline
prices, the petroleum industry is more relevant than ever.
The Key Components of Project

Slide 5:
o

Three Major Sectors of Petroleum Industry:


Upstream
- Exploration and Production Sector
- Searching for underwater crude oil and natural gas fields,
drilling wells and bringing crude oil to the surface
Midstream
- Transportation Sector
- The physical movement and transportation of crude oil by
pipeline, rail, oil tanker or truck, the storage, and wholesale
marketing of crude oil products
Downstream
- Refining and Marketing Sector
- The refining of petroleum crude oil, processing and
purifying of raw natural gas, and the marketing of products
derived from crude oil and natural gas

Crude Oil
Definition: Petroleum that is naturally occurring, found beneath
the Earths surface, and refined into various types of fuel
gasoline, diesel fuel, kerosene, etc.
- A barrel of crude oil = 42 gallons of crude oil = 19.74
28.14 gallons of gasoline (1 gallon of crude oil = .47 .67
gallons of gasoline)
Pricing:
- Price determinants:
Supply
High Supply, Low Demand, Low Prices
Low Supply, High Demand, High Prices
Consumption
Financial markets
Government policies: rules and regulations may raise
or lower demands for crude oil

Current Causes of Declining Gasoline Prices:


Weak economic activity and increased efficiency
- Low demand for crude oil
Turmoil in Iraq and Libya (two of the largest oil producers in the
world) has not affect their output

Slide 6:

Slide 7:

Americas transformation into the worlds largest oil producer


- Limited exports, but decrease in imports of oil from other
countries
OPEC cannot reach an agreement on production curbs
- Saudi Arabias refusal to curb production because they
have numerous oil reserves and its cheap for them to
recover oil. They dont want rival countries like Iran and
Russia to reap benefit from a curb.

Slide 8:
o

Previous Causes of Rising Gasoline Prices:


OPEC Organization of Petroleum Exporting Countries
- Monitors oil supply and can ration it out as they see fit,
which sways the supply and price of oil
- Led to the "gas crisis" of the 1970s: the Middle Eastern
members of OPEC decided to "punish" Western nations for
their support of Israel in the war. Syria and Egypt They
imposed an oil embargo on the Western nations, and the
result was a drastic upswing in oil prices.
Limited resources
- Petroleum is a fossil fuel a non-renewable resource. The
supply will eventually run out as consumption suppresses
the development of fossil fuels.

* Missing a lot of information that has yet to be included


* Depending on the amount of information collected, the key points may change to
specifically focusing on one of the above mentioned systems, more specifically the
production system. Providing information on each system might become far too
detailed or perplexing.

Slide 9:

Five Research Topics.


(Currently unavailable to specify)
The research will be incorporated throughout the presentation
depending on the area in which the research covers. Research will be
displayed with an introduction to the sectors of the petroleum economy, a
description of the crude oil entity and its products, the pricing of crude oil,
and the cause of rising and falling costs of gasoline.
Within these broad areas that I intend to cover, I will have numerous
handmade graphs displaying the ways in which the petroleum industry works.

Slide 10:

The Product
My product will be incorporated into my Prezi presentation in the form
of numerous audio-visual media files. I will be creating thirty second videos of
different economic situations by fusing together various clips to display a
type of economic situation (i.e war, natural disaster, etc.) and its effect on the
petroleum industry (i.e. rising or falling prices, unemployment, etc). This will
allow the audience to better visualize the conditions in which the petroleum
3

economics is the most influenced and the industrys response midst different
situations.

Slide 11:

The Conclusion
The Topics Covered:
Petroleum Economics the exploration and development of gas and oil fields
underwater
o
Sectors of petroleum industry
Upstream, midstream, downstream
o
Crude Oil or Petroleum
Definition, pricing, marketing
o
Causes of declining gasoline prices
OPEC, technology, economic efficiency
o
Causes of rising gasoline prices
OPEC, wars, limited resources
o
Effects of gasoline prices on economy and other industries
Transportation, unemployment, consumption
The next time you speed past gasoline price signs, remember the economic
decision and consequences behind gasoline prices. It is important that we
recognize the way in which the petroleum industry is measured in terms of
economic progress. (Attention grabbing ending. Most likely spoken and not
projected on screen.)

Slide 12:
Thank Yous
I am grateful for receiving the opportunity to work with Mr. Raheem Momin,
who provided me with a chance to expand my knowledge.
I would like to extend this appreciation to my parents for supporting and
aiding me in the completion of this project.
I would like to thank my graders and evaluators, who took the time out of
their day to see me present.
A warm thank you to my teacher, Mrs. Click, who provided me with endless
resources to learn and grow.
* ALL information will be in bullet points and well spread out. For the sake of this
outline, explanation and descriptions were mostly in the form of paragraphs.
Wording and structure expected to change.