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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 - PowerPoint PPT Presentation
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Broader Considerations
ME 1065 – L. Schaefer
Energy Consumption
Oil Prices
Oil Prices, Cont.
USGS Est. of Ultimate Rec
UR B-BblsProbability
Low (95%)
Mean (Expected Value)
High (5%)
2,248
3,003
3,896
2026
2037
2047
2% Growth
DeclineR/P = 10
History
Mean
Low (95%)
High (5%)
70
60
50
40
30
20
10
0
Bill
ion
Bar
rels
per
Yea
r
1900 1925 1950 1975 2000 2025 2050 2075 2100 2125
Campbell-Laherrere World Oil Production Estimates, 1930-2050
2005 2037
EIA- DOE Estimates, 1900--2125
2005
Oil Production
Oil Production, cont.
Global Temperature Deviations
Greenhouse Effect
Environmental Regulations
U.S. Environmental Laws
U.S. Environmental Laws, Cont.
