Solar?

Wind?

Nuclear?

Coal?

Energy Resources & Policy

ENV 385

Biodiesel?

Have Oil, Will Consume

1900 1950 2000 2050

2

1 ~125 yrs

~30 yrs

historic

projected

trillion barrels

Complicated process to obtain gasoline from

crude oil.

Make a list of five factors that affect gasoline prices.

Key Factors Affecting Markets

Iraq

Russia

Venezuela

OPEC Decisions

Nigerian Civil Strife

Weather

Value of U.S. Dollar

Key Factors Affecting Markets

CBG = Clean Burning Gas

OXY = Oxygenated

RVP = Reid Vapor Pressure

RFG = Reformulated Gasoline

Key Factors Affecting Markets

Refining Capacity

Increased Demand & Competition

1,200,000,000 people!

1,000,000,000 people!

On the map below use arrows to show the global routes of flow (import/export) of crude oil

It’s a Small World After All: It’s a Small World After All: Major Flows of Crude OilMajor Flows of Crude Oil

View of Earth from the Moon

Gimme! Gimme! Gimme!Gimme! Gimme! Gimme!

<1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

*Note the absence of India (lump in with *Note the absence of India (lump in with Rest of the Rest of the WorldWorld). India’s population is > one billion.). India’s population is > one billion.

Greater than 55% of U.S. refining capacity is located

along TX-AL coast

U.S. Imports of Crude and ProductsU.S. Imports of Crude and Products

Outer Continental Shelf (OCS) Moratorium

• Passed by Congress every year since its inception in 1981

• OCS covers 85% of U.S. coastal area

• Estimated 19 billion bls recoverable oil and 86 trillion cu. ft. natural gas within OCS (Dept. of Interior), namely between shoreline and 50 miles from shore

• House of Representatives voted 236-189 yesterday to lift the moratorium; Senate debate/vote will be next week

• Drilling allowed 50 to 100 miles from shore if neighboring states agree to the drilling; <50 miles not allowed, >100 miles no state approval

• Royalties from drilling not shared with neighboring states

• $18 billion tax breaks over next 10 years eliminated

• Bill gives tax credits to solar and wind energy industries

• Would require utilities to generate 15% of electricity from solar and wind or other renewables

House Bill ProvisionsHouse Bill Provisions

http://geography.about.com/library/misc/uceez.htm

EEZ