Abbriged+Introductory+Lecture

and no alternatives appear close to filling much of

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Unformatted text preview: ecline. - - and no alternatives appear close to filling much of the increasing gap. Additionally - - U.S. natural gas production has flattened, reserves are falling and imports are rising. The United States, with 5% of the world's population, daily consumes 20 million barrels (840 million gallons) - - or 25% of world consumption. OIL RESERVES - - DECLINING (green line) - down about 42% in 30 years to about 20 billion barrels, while the population increased 70 million. NATURAL GAS RESERVES - DECLINING (red line) - - down 36%. to about 30 x 6 = 180 trillion cubic feet. (note the red curve for natural gas is in Tcf divided by 6 so it would fit on the chart with oil.. Tcf = trillion cubic feet) Proven reserves: Oil 10 years Gas 9 years USA has 25% of world's coal reserves, equal to 249 years (BP data) at current production rates Price of liquid gold Price 18.4 cents per gallon federal tax plus state tax which ranges from 8 cents in Alaska to 32 cents in Wisconsin. NY PA DE NJ 31.9 31.1 23.0 14.5 Aug, 2008 $147 2009 Prices/Barrel 2009 Where does the money go? Where 60 Crude 58% 50 40 30 Taxes 15% 20 c Refining 17% Series1 Distr. 10% 10 0 1 2 3 4 Fossil Fuels: A blip in time….. Fossil GDP per capita vs Total Energy Consumption per capita Consumption 42 gallons / barrel of crude oil Energy Energy The Environmental Picture Carbon Emission Carbon IPCC Carbon Emission Carbon Three fourths of Three the carbon emissions from human activities are due to the combustion of fossil fuels; the rest is caused by changes in land use, principally deforestation. deforestation....
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This document was uploaded on 10/30/2013.

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