Where does crude oil come from?
The generally-accepted origin of crude oil is from plant life up to 3 billion years ago, but predominantly from 100 to 600 million years ago. "Dead vegetarian dino dinner" is more correct than "dead dinos". The molecular structure of the hydrocarbons and other compounds present in fossil fuels can be linked to the leaf waxes and other plant molecules of marine and terrestrial plants believed to exist during that era.
When will we run out of crude oil?
It has been estimated that the planet contains over 1.4 x 1015 tons of petroleum, however much of this is too dilute or inaccessible for current technology to recover. The petroleum industry uses a measure called the Reserves/Production ratio (R/P) to monitor how production and exploration are linked. This is based on the concept of "proved" reserves of crude oil, which are generally taken to be those quantities which geological and engineering information indicate with reasonable certainty can be recovered in the future from known reservoirs under existing economic and operating conditions. The Reserves/Production ratio is the above reserves divided by the production in the last year, and the result is the length of time that those remaining reserves would last if production were to continue at the current level. It is important to note those definitions, as the price of oil increases, marginal fields become "proved reserves", thus we are unlikely to "run out" of oil, as more fields will become economic as the price rises. If the price exceeds $30/bbl then alternative fuels may become competitive, and at $50-60/bbl coal-derived liquid fuels are economic, as are many biomass-derived fuels and other energy sources. The current price for Brent Crude is approx. $18/bbl. The R/P ratio has increased from 27 years (1979) to 43.1 years (1993).
Are gasoline brands different?
Yes. There are specifications intended to ensure that minimal quality standards are maintained, however, the manufacturers add their own special ingredients to provide additional benefits. A quality gasoline additive package would include:
For a complete look at Sempre Ferrari, you may want to check out the rest of the articles from Volume 2, Issue 8 - September 1995