Transcript How much do you think we pay for gas?

How much do you think we pay for
gas?
A. Too much
B. About right
C. Too little
Miscelleneous Cost for Oil
in Billion of Dollars
Health Costs
75
25
149
300
Roadway
construction,
maintenance, and
research
Impact of
petroleum-related
global warming
Military cost
• By this estimate, the total annual costs that
are not included in the price of gasoline (and
other petroleum-based products that we use)
are roughly $550 billion.
• According to the Department of Energy, in
2005, the U.S. consumed about 317 billion
gallons of petroleum (20.6 million barrels per
day).
• This means that for every gallon of gas (or
diesel, jet fuel, heating oil, plastic, etc.)
consumed, society paid an extra $1.74 per
gallon.
How concerned are you about “running” out
of oil in your lifetime?
A.
B.
C.
D.
Not concerned
Somewhat concerned
Very concerned
Don’t care
Do the quantities of Earth resources
ever increase over time ?
A. Yes
B. No
Earth Resources
Statement:
1. The Earth is a closed system with finite
resources
2. Resources vs. Reserves
•
Resource: a concentration of naturally occurring
solid, liquid, or gaseous material in or on the Earth’s
crust in such form and amount that economic
extraction of a commodity from the concentration is
currently or potentially feasible
• Resource:
• Identified: geologic evidence suggests the location,
quality and quantity of a resource
• Undiscovered: a material that is surmised to exist
based upon broad knowledge and theory
– hypothetical and speculative
2. Reserve: part of the resource that can be
extracted economically
– Measured: amount is known from a working
mine
– Indicated: amount is known from a sample
data
– Inferred: estimated amounts based upon
similar experience
IDENTIFIED
Demonstrated
Measured
Indicated
UNDISCOVERED
Inferred
Hypothetical
Speculative
RESERVES
RESOURCES
Increasing Certainty of Resource Existence
What will higher costs of gasoline
do to oil resources?
A. Increase
B. Decrease
C. There will be no effect
M. King Hubbert
"Our ignorance is not so
vast as our failure to use
what we know.“
M. King Hubbert
The total quantity of a material discovered or
undiscovered is called:
A.
B.
C.
D.
the reserve.
the reservoir.
the resource.
the stuff.
The world faces an energy crisis because
_________.
A. world demand for energy will increase
B. world oil production will peak and begin to
decline
C. shortages and the resulting escalation of prices
can shock the economic and political order
D. all of the above
In the US, which consumes the largest
amount of oil?
A.
B.
C.
D.
Industry
Transportation
Residential
Commercial
What do we consume the most?
A.
B.
C.
D.
E.
Oil
Coal
Natural Gas
Nuclear
Renewable Resources
In the future, what will we consume the
most?
A. Oil
B. Coal
C. Natural Gas
D. Nuclear
E. Renewable Resources
In the US, we will ______ in the future as we
do now.
A. Use more energy
B. Use less energy
C. Use about the same energy
The largest increase in energy consumption
will take place in _______ in the future.
A.
B.
C.
D.
E.
Asia
The US
Canada
South America
Europe
______ oil will be discovered in the future.
A. More
B. Less
How much oil will natural processes create
in the future?
A.
B.
C.
D.
A lot
Some
A little
None
CO2 Concentration Over Time
Consequences of using Earth
Resources
Greenhouse
Earth Analogy
The history of Earth’s climate has been
mostly _______ than/as it is now.
1.
2.
3.
4.
Warmer
Cooler
About the same
We don’t know