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.