Got Oil? World Oil Production : The world consumes 85 million barrels per day 31 Billion Barrels per year! USA (5% of the world’s population) consumes 17 mill. barrels per day. USA consumes 26% of the world’s oil – and the demand is growing!

Leading Uses of Oil #1 = Transportation Current cost: $67 per barrel Last summer: $78 1 year forecast: $87 #2 = Industry

Big Issues we must deal with are Big Issues we must deal with are: The U.S. economy is built on the easy flow of cheap oil. Are there real threats to oil production? When will Peak production hit capacity? (Estimates are sometime between ) –In the year 2030 most of you will 39 years old! Declining reserves 650 million barrels in US Reserves –Would last about 40 days at current consumption rate Emerging economies of India & China We find 1 new barrel for every 4 consumedWe find 1 new barrel for every 4 consumed

HOPE FOR THE FUTURE! Retrofit all buildings: commercial & residential Legislate U.S. car manufacturers to produce mpg cars! Use Bio-Technology to improve agricultural practices Retrofit “Industrial Processes” with energy saving technology Motivate people to use alternative forms of transportation and/or fuel efficient cars CONSERVE, LEGISLATE, ALTERNATIVES

WE MUST ACT NOW! The Future belongs to You! Before a Crisis hits and oil prices skyrocket – make changes. It’s your world – what do you want it to look like?