NASC 130 Essentials3_ch12

Volume of exports opec the price of oil skyrocketed

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Unformatted text preview: and raised mileage standards Regulations Goods tended to be smaller and more energy-efficient A new consumer ethos was born Essentials of Geology, 3rd edition, by Stephen Marshak Chapter 12: Riches in Rock: Energy & Mineral Resources Energy Problems The oil crunch – renewable vs. non-renewable The Renewable – can be replaced within months to years Biomass, solar, wind, geothermal, hydroelectric Non-renewable – requires hundreds to millions of years Non-renewable Oil, natural gas, coal, uranium ores Essentials of Geology, 3rd edition, by Stephen Marshak Chapter 12: Riches in Rock: Energy & Mineral Resources Energy Problems The oil crunch We consume non-renewable resources too rapidly We face running out of non-renewable resources We For each resource, the question is “When?” For The answer, for oil, may be “Sooner than we may think” Essentials of Geology, 3rd edition, by Stephen Marshak Chapter 12: Riches in Rock: Energy & Mineral Resources Energy Problems The oil crunch Oil extinction is likely to occur between 2050 and 2150 The “Oil Age,” for future historians, will be in 200-300 years We are now close to the peak of global oil production H...
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