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Other Sources of Oil

What Dean Said

So, Let's go Back to Coal as our greatest reserve strength is there?

Energy yield depends on how much Carbon is contained in the Coal. Two types dominant US Reserves

Since 1970 COAL production is up


Fossil Fuel Production and Consumption Summary

1. Domestic production of crude oil Peaked in 1970 --> consumption has not gone down as a result. This leads to increasing realiance on Imported Oil. In 1970 we imported 23% of Oil; in 1995 we imported 55%

2. Domestic production of Natural Gas Peaked in 1973 --> we do not import this due to safety problems.

3. Consumption of oil steadily increases to 1977 then levels/drops until due to higher prices. Fuel effeciency and energy conservation make steady progress from 1977--1986 until 1986 sees oil price collapse and consumption now growing again.

4. Consumption of natural gas is flat. We don't import and can no longer produce enough.

5. 1970 --> 26% imports; 1977 --> 52% ; 1989 --> 46% ; 1995 --> 55% : This could all be reduced significantly if the average fuel economy of a US car was 40 mpg.

6. Cost of Gasoline reflects a lot of priorities!

Today's Price of Oil

Oil Spills 'R Us

What about Discovery of New Oil Reserves?


OFF SHORE OIL

  • OFF Shore Site
  • The Global Market
  • Economics of Off Shore Rigs

    In general, off shore oil drilling is a very expensive way to recover oil. Will consumers pay for this price? Do large subsidies have to be involved? Is it worth the environmental transport risk?

    Getting more out of Alaska: ANWR

    Gas injection techniques --> are they really viable?

    Injecting natural gas into the frozen earth to build pressure and "push through" additional oil has been applied in the arctic with some success.

    SHALE OIL:

    Shale Oil Deposits in the US are found in SW Wyoming, Eastern Utah, and Western Colorado.

    Oil Shale contains kerogen which, when burned, can be converted into fuel products. The amount of Shale Oil Deposits are significantly greater than the amount of US petroleum deposits:

    Reality Check:

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