Peak Oil: Sooner? or Later?. Dennis Silverman Physics and Astronomy U C Irvine www.physics.uci.edu/~silverma/ Laguna Beach Energy Workgroup Sept. 22, 2007. World and US Oil Use. The World uses 85 million barrels (mbl) of oil a day.
Physics and Astronomy
U C Irvine
Laguna Beach Energy Workgroup
Sept. 22, 2007
Optimistic 3,000 BBls of oil total resources, 2,000 Bbl left (from USGS). Peaking unlikely as refineries only built for long term production (20 years).
Oil Production Scenarios 2007. Note Plateaus. Earliest Peak: 2010 Colin Campbell ASPO. Latest Plateau: 2065 Saudi, Daniel YerginCERA
Strait of Hormuz. 17 mbls per day out of world total of 85 mbls per day (20%). US has two months of imported oil stored in the Strategic Petroleum Reserve.
Foreign Oil Sources for the US in percentages of imports. Most imports come from Canada, Saudi Arabia, Mexico, Venezuela, and Nigeria. The US imports 60% of its oil.
Where do our oil import expenditures go?Prince Bandar was the Ambassador to the US from Saudi Arabia. This is his estate in Aspen, CO. It is now on the market for $135,000,000, the most expensive home in the world. His 56,000 square foot residence is larger than the White House.
100 x 1015 / 5.8 x 106 = 17 x 109 bbl
or 17 billion barrels of oil.
…are leading to a
build up of CO2
in the atmosphere.
Fossil emissions ...
…and land clearing in the tropics...
The KP seeks to reduce net
carbon emissions by about
0.3 Gt C below 1990 levels
from industrial countries