Early oilmen worked with primitive exploration techniques. The peak year for discoveries of giant oil fields in the U.S. was in 1930 and 1962 for the world. 80% of the oil produced in 1995 was found before 1973. We now find one barrel for every four we consume. In the last 20 years, only three fields have been found with more than one billion barrels each. None produce more than 200,000 barrels a day. From 1990 to 2000, a total of 42 billion barrels of new reserves were discovered. In the same period the world consumed 250 billion barrels According to a recent report by the US Energy Information Administration (EIA), over the next 20 years US energy demands for oil are predicted to increase by 33%. Based on the data above, which change would best help with the conservation of oil reserves while still providing the energy required by citizens? 1. Lawmakers could restrict poorer countries from using oil, this would increase the supply for more developed countries. 2. Scientists and engineers should start researching how to make energy from a new substance 3. People in richer countries could stop driving cars which would reduce the amount of oil consumed 4. Lawmakers could increase incentives for countries to switch to using renewable sources of energy such as solar panels and wind turbines.
Early oilmen worked with primitive exploration techniques. The peak year for discoveries of giant oil fields in the U.S. was in 1930 and 1962 for the world. 80% of the oil produced in 1995 was found before 1973. We now find one barrel for every four we consume. In the last 20 years, only three fields have been found with more than one billion barrels each. None produce more than 200,000 barrels a day. From 1990 to 2000, a total of 42 billion barrels of new reserves were discovered. In the same period the world consumed 250 billion barrels According to a recent report by the US Energy Information Administration (EIA), over the next 20 years US energy demands for oil are predicted to increase by 33%. Based on the data above, which change would best help with the conservation of oil reserves while still providing the energy required by citizens? 1. Lawmakers could restrict poorer countries from using oil, this would increase the supply for more developed countries. 2. Scientists and engineers should start researching how to make energy from a new substance 3. People in richer countries could stop driving cars which would reduce the amount of oil consumed 4. Lawmakers could increase incentives for countries to switch to using renewable sources of energy such as solar panels and wind turbines.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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Question
Early oilmen worked with primitive exploration techniques. The peak year for discoveries of giant oil fields in
the U.S. was in 1930 and 1962 for the world. 80% of the oil produced in 1995
was found before 1973. We now find one barrel for every four we consume. In the last 20
years, only three fields have been found with more than one billion barrels each. None produce
more than 200,000 barrels a day. From 1990 to 2000, a total of 42 billion barrels of new
reserves were discovered. In the same period the world consumed 250 billion barrels
According to a recent report by the US Energy Information Administration (EIA),
over the next 20 years US energy demands for oil are predicted to increase by 33%.
Based on the data above, which change would best help with the conservation of oil reserves
while still providing the energy required by citizens?
1. Lawmakers could restrict poorer countries from using oil, this would increase the supply for more developed countries.
2. Scientists and engineers should start researching how to make energy from a new substance
3. People in richer countries could stop driving cars which would reduce the amount of oil consumed
4. Lawmakers could increase incentives for countries to switch to using renewable sources of energy such as solar panels and wind turbines.
Transcribed Image Text:EXPLORATION - DISCOVERY- CONSUMPTION
80
DISCOVERIES GREATER THAN CONSUMPTION
-10
CONSUMPTION GREATER THAN DISCOVERIES
-20
1950
1960
1970
1980
1990
2000
Source: Association for the Study of Peak Oil, <www.asponews.org>
Annual oil discoveries minus annual
consumption (billions of barrels)
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