Unformatted text preview: from oil revenues have declined from approximately $1000 to $650 annually.] 3. From material presented in class it is clear that the ratio of fuel Resources-to-Production (R/P) rates are substantially greater than 100 years for many fuels. Why is there widespread concern that we shall soon run out of energy? 4. Obtain an analytic result that can be used for calculating the time required to consume a finite fuel resource. Currently it is of size, M o , which is currently being produced at a rate, P o . The rate of consumption is growing exponentially at a relative rate, α , and new fuel resource deposits are being discovered at a rate, F o ⋅ e-µ t ....
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- Fall '04
- Arctic National Wildlife, oil production facilities, Alaskan oil pipeline