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Chapter 21
U.S., Canada, Japan, Germany, France, Italy, UK, are the biggest
consumers of oil reserves worldwide.
Oil Peaks – 1960's
In the 1850's oil mainly used
for kerosene lamps – remaining
was burned or disgarded.
Don't panic!
-Try to conserve energy
-Seek alternative energy sources
Petroleum Reserves
At current rate of use, worldwide oil reserves should last 30-40 years,
and natural gas reserves somewhat longer (estimates from USGS)
Petroleum Reserves
• As petroleum prices rise, alternate
petroleum sources, such as heavy
crude, oil shale and oil sand, will
be increasingly exploited