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Broader Considerations

Broader Considerations. ME 1065 – L. Schaefer. Energy Consumption. Oil Prices. Oil Prices, Cont. 2005. 2037. 70. 2047. USGS Est. of Ultimate Rec. 60. 2% Growth. Probability. UR B-Bbls. 2037. Low (95%). 2,248. 50. Mean (Expected Value). 3,003. 2026. High (5%). 3,896. Decline

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Broader Considerations

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  1. Broader Considerations ME 1065 – L. Schaefer

  2. Energy Consumption

  3. Oil Prices

  4. Oil Prices, Cont.

  5. 2005 2037 70 2047 USGS Est. of Ultimate Rec 60 2% Growth Probability UR B-Bbls 2037 Low (95%) 2,248 50 Mean (Expected Value) 3,003 2026 High (5%) 3,896 Decline R/P = 10 40 Billion Barrels per Year 30 2005 EIA- DOE Estimates, 1900--2125 History Mean 20 Low (95%) High (5%) Campbell-Laherrere World Oil Production Estimates, 1930-2050 10 0 1900 1925 1950 1975 2000 2025 2050 2075 2100 2125 Oil Production

  6. Oil Production, cont.

  7. Global Temperature Deviations

  8. Greenhouse Effect

  9. Environmental Regulations

  10. U.S. Environmental Laws

  11. U.S. Environmental Laws, Cont.

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