1.) 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?
Some interesting uses for petroleum are things like CDs, fertilizers, and toothpaste.
2.) According to the Department of Transportation, how many gasoline and diesel-fueled motor vehicles are currently on U.S. roads?
According to the DOT, there are 247,264,605 diesel and gasoline run vehicles on U.S. roads.
3.) 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.?
According to the Census Bureau, there are about 318.039 million people in the U.S. There are over several billion people on Earth. We take up 22% of the world population.
4.) Globally, how much crude oil was produced daily in 2007 (number of barrels)?
5,077,ooo barrels a day.
5.) How much crude oil did the U.S. consume each day in 2007 (number of barrels)?
20,000,000 barrels per day.
About 400%. Not good.
8.) What was the global daily consumption of crude oil in 2007 (number of barrels) ?
81652 thousand barrels were consumed daily.
9.) Based on #8, what was the total amount of crude oil consumed globally for all of 2007 (number of barrels)?
There were 81,652,000 barrels of crude oil consumed daily.
10.) 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)?
1668.9 billion gallons of crude oil in our reserves.
11.) 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)?
12.) According to the image below, during which decade did global oil discovery peak?
The oil peak discovery was in 1960.
13.) According to the Energy Information Administration, when did U.S. crude oil production peak (scroll down to Figure 12)?
According to the Energy Information Administration it was in 1070
14.) In 2010, what percentage of our crude oil was imported from other countries, according to the EIA?
10.6 million barrels per day.
15.) Why is it disadvantageous that the U.S. imports crude oil from other countries?
Higher oil prices.
16.) 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) (see table at bottom-left corner)?
It sis expected to occur in 2016.
17.) What effect will the global petroleum production peak have on the world?
The sudden supply of petroleum will start to increase demand and when the supply begins to deplete, the demand will still rise along with cost.
18.) Do you anticipate the U.S. becoming 'energy independent' over the next decade?
Yes, because eventually there will be a president that will take all the negative effects into consideration and sign a bill that will decrease the U.S.'s dependence on fossil fuels.
19.) 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.
The video explains what would happen if there was an Oil Peak. It also about all the different uses of Petroleum. A key point in the video is when it explains the negative effects of oil and what will happen if we continue to be oil dependent. I do believe that this video accurately describes our problem of petroleum reliability and the negative effects.
20.) What recommendations would you make to President Obama to help the U.S. manage its energy needs (3 paragraph minimum)?
The first step to help manage the U.S.'s energy needs is to become financially stable. Once our economy is stable, we will be able to afford the more expensive renewable resources. Resources such as hydro electric, solar and wind are very costly. Especially solar. On the surface, solar may look like the best option, but it is not efficient and extremely expensive.
The next step would be to make sure that the cleaner renewable energy sources are highly efficient. Solar would be the best, but of the energy collected, only 15% makes it to homes and businesses. If we could make these more efficient it would be a very good idea to change energy sources.
Another thing that the President should take into consideration is of what will replace the products that are produced by oil. How will these be affected and how will it effect the economy. We will have to find something to replace these or else the economy will be a wreck. What the president should consider is all the outcomes.