Energy Webquest ~ Part 1

~ Daphne Rave Ching

  • In addition to use as a transportation fuel, what are three interesting uses for petroleum? What are three other uses that are very important to us? A partial list of products made from Petroleum
    Out of the 85 million barrels of oil the world uses, 44% goes to the production of gasoline, 35% for the production of other fuels, and the rest is used for asphalt, farming (machinery, fertilizer, pesticide), and other purposes listed in the table below.
    Solvents
    Diesel fuel, Motor Oil, Bearing Grease, Ink, Floor Wax, Nail Polish, Tires, Bags, Perfumes, Cassettes, Tool Boxes, Shoe Polish, Transparent Tape, CD Player,  Washers, Antiseptics, Clothesline, Food Preservatives, Basketballs, Soap, Vitamin Capsules, Rubbing Alcohol, House Paint, Water Pipes, Gasoline.
    Americans consume petroleum products at a rate of three-and-a-half gallons of oil and more than 
250 cubic feet of natural gas per day each! But, as shown here petroleum is not just used for fuel.
    • According to the Department of Transportation, how many gasoline and diesel-fueled motor vehicles are currently on U.S. roads ?
    There are 247,264,605 gasoline- and diesel-fueled motor vehicles in the United States plus 2,531,199 in Puerto Rico
    • According to the Census Bureau, how many people currently live in the U.S.? What is the current global population? What percentage of people all live in the U.S.?
    The United States population as of May 15, 2014 at 7:00 PM was: 318,048,330; while the world population was 7,166,240,500
    • Globally, how much crude oil was produced daily in 2007 (number of barrels)?
    There were 71,320.88 thousand barrels (or 71,320,880 barrels per day.) produced in 2007. (www.indexmundi.com)
    • How much crude oil did the U.S. consume each day in 2007 (number of barrels)?
    There were 20,680.38 thousand barrels (or 20,680,380 barrels per day) consumed in 2007.
    • Based on the data in #4 and #5 above, what percentage of world crude oil production was consumed by the U.S.?
    The United States consumed 29.0% of the world crude oil production in 2007.
    • Based on the calculations from #3 & #6, complete the following statement: The U.S. is home to 4.44% of the world's population, yet consumes 29.0% of the world's crude oil.

    • What was the global daily consumption of crude oil in 2007 (number of barrels)?
    The global daily consumption of crude oil in 2007 was 85,901.96 thousand barrels.

    • Based on #8, what was the total amount of crude oil consumed globally for all of 2007 (number of barrels)?
    The total amount of crude oil consumed globally in 2007 was (85,901,960 365) = 31,354,215,400 barrels.

    • According to BP, the top oil producing company in the U.S., what is the size of the world's oil reserves (number of barrels)?
    The world economy has almost doubled in size over the past 20 years and it's expected ... collectively had proved reserves of just under 700 billion barrels of oil.

    • Based on the data from #9 and #10 above, and assuming constant production and no change in the size of global reserves, how many years should our current endowment of crude oil last (realizing these assumptions may be faulty)? (see also the two links for #10 and look for R/P ratio)
    The reserve would last (700,000,000,000 / 31,354,215,400) = 22.33 years.
    • According to the image below, during which decade did global oil discovery peak?
    The global oil discovery peak occurred in 1960

    • According to the Energy Information Administration, when did U.S. crude oil production peak (scroll down to Figure 12)?

    • In 2010, what percentage of our crude oil was imported from other countries, according to the EIA?
    The United States imported about 40% of crude oil.
    • Why is it disadvantageous that the U.S. imports crude oil from other countries? It is really expensive to import oil.
    
It is really expensive to import crude oil.
    • According to the U.S. Department of Energy (EIA), when is the global petroleum production peak expected to occur? What is the prediction made by the International Energy Agency (IEA) ?
    Energy industry analysts believe that global oil production will peak sometime between 2015 and 2025. That sounds like a fairly broad range. However, the reality is that it’s a fairly short time frame in geologic time that does not even register a notch, and it’s rapidly coming upon us.
    • What effect will the global petroleum production peak have on the world?
    The supply of petroleum products would become scarce. Consequently prices would become high.
    • Do you anticipate the U.S. becoming 'energy independent' over the next decade? 

    The US will become energy independent over the next decade provided changes to the policy be made, giving focus on the conservation of energy.
    • View the video Peak Oil Explained (below). Summarize the content of the video and explain if you think its content and assessment of our situation is fair and accurate.
    Peak means the maximum production. It indicates that after the peak, the production has no other way to go but down. When that happens, production would become low but the demand is high. By the law of supply and demand, that translates to the price of the commodity becoming high. I believe that the content and assessment of our situation is fair and accurate.

    • What recommendations would you make to President Obama to help the U.S. manage its energy needs (3 paragraph minimum)?
    Find alternative sources of energy
    The country must decrease its dependence on oil and invest in alternative sources of energy. The United States use tons of oil daily which not only is very expensive but also harmful to the environment. The nation can best meet energy needs if the government could find alternative sources--wind, and solar power.

    Renewable and alternative energy should be a major investment for everyone. Energy conservation can result in increased financial capital, environmental quality, national security, personal security, and comfort. Individuals and organizations choose to conserve energy to reduce energy costs and promote economic security.

    Industrial and commercial users can increase energy use efficiency. Repeated use of alternative sources would help the United States to gradually clean up pollution and also save millions of dollars in the future. Renewable sources of energy vary widely in their cost-effectiveness and in their availability across the United States. Their cost comes in collecting, harnessing, and transporting the energy so that it can do useful work.