翻譯：THE OPEC oil cartel is about to turn 40, and the mood in the run-up to the grand heads-of-state party in Venezuela in less than three weeks time is jubilant. Not quite two years ago,oil was $10 a barrel and the cartel was on the brink of collapse. Now the oil price is well above $30 a barrel, and it shows little sign of coming down.

翻譯：the fluid must be identified by direct measurement of certain properties. These measurements involve securing samples of the fluids from the field. The simplest procedure is to make measurements of the properties of the produced fluids. The API gravity of stock-tank oil and the producing gas-oil ratio are routinely determined. The gas-oil ratio is ordinarily the ratio of volume, in standard cubic feet, of gas from the separator to the volume of stock tank oil both measured over the same time interval. If good field practice is followed, the gravity of the separator gas is determined. These data, together with estimates or observations of the reservoir pressure and temperature, can be used to estimate the properties of the reservoir fluids. Such estimates may be of limited accuracy.

翻譯：Land maps are essential in establishing control wells and provide fundamental orientation. As Fig.2 illustrates, land maps which are readily available within most companies as well as readily available commercially, provide offset operators, total depth, formation tops and development dates. The land map is essential in establishing orientation and control.

翻譯：The total quantity of petroleum now thought to exist on Earth is about 14 trillion gallons. In weight that is only one-ninth as much as the total existing quantity of coal and ,at the present moment, petroleum is being used up much more quickly. At the present rate of used, the worlds supply of petroleum may last for only thirty years or so.

翻譯：In these early days, as lamp oil, was the important product and the main objects of refining was to extract as much of it as possible from the crude. Lubricants and some fuel oil were also sold, but gasoline was burnt off as unwanted and bitumen was also largely useless.