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This art depicts 28,000 42- gallon barrels, the amount of oil consumed in the U.S. every two minutes (equal to the flow of a medium-sized river).

Published byGriselda Howard Modified over 8 years ago

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Presentation on theme: "This art depicts 28,000 42- gallon barrels, the amount of oil consumed in the U.S. every two minutes (equal to the flow of a medium-sized river)."— Presentation transcript:

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2 This art depicts 28,000 42- gallon barrels, the amount of oil consumed in the U.S. every two minutes (equal to the flow of a medium-sized river).

3 Americans drive nearly 3 TRILLION miles per year. That’s about 820 trips… and back.

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9 A. War. B. World events. C. Weather. D. Environmental standards – cleaner burning gas. E. Taxes. F. Gas station mark-up. G. Distance from oil refinery. H. Oil futures (betting on the future price of resources.) G. Oil companies.

10 Oil prices can change based on how much they want to supply.

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12 On October 16, 1973, OPEC announced a decision to raise the posted price of oil by 70%, to $5.11 a barrel.

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