Energy Webqest ~ Part 2

By : Daphne  Rave  Ching

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.

According to the Department of Transportation, there are 247,264,605 gasoline- and diesel-fueled motor vehicles in the United States.

According to the Census Bureau 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, there were 71,320.88 thousand barrels (or 71,320,880 barrels per day.) produced in 2007. ( HYPERLINK "http://www.indexmundi.com" www.indexmundi.com).
In the US there were 20,680.38 thousand barrels (or 20,680,380 barrels per day) consumed in 2007.

The United States consumed 29.0% of the world crude oil production in 2007.
The U.S. is home to 4.44% of the world's population, yet consumes 29.0% of the world's crude oil.

The global daily consumption of crude oil in 2007 was 85,901.96 thousand barrels.

The total amount of crude oil consumed globally in 2007 was (85,901,960  365) = 31,354,215,400 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.

The supply of petroleum products would become scarce. Consequently prices would become high.
The US will become energy independent over the next decade provided changes to the policy be made, giving focus on the conservation of energy.

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.

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.