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.