Exploiting Crude Oil How fossil fuels are formed Crude-oil reserves versus production Declining U.S. reserves and increasing importation Problems of growing U.S. dependency on foreign oil
Crude-Oil Reserves versus Production Estimated reserves: educated guesses about the location and size of oil or natural gas deposits Proven reserves: how much oil can be economically obtained from the oil field Production: withdrawal of oil or gas from the oil field
Primary and Secondary Effects from Burning Coal Global Warming Acid Rain Smog Burning Coal = CO 2 + SO + H 2 0 + Ash + (C x H x S x O x ) Light + Noise + Heat
Fossil Fuels and Energy Security Security threats Supply-side policies Demand-side policies Development of non-fossil-fuel energy sources
Security Threats Oil dependence: relies too much on OPEC cartel and volatile Persian Gulf states Energy infrastructure: vulnerable to terrorist attacks Global climate change: greenhouse gas emissions
The Potential of the Conservation Reserve An oil field that has the potential production of 6 million barrels per day, is three times the size of the Alaskan oil field, and its exploitation will NOT adversely effect the environment.
The Elements of the Conservation Reserve Increasing fuel efficiency in cars (CAFÉ) Cogeneration (CHPs) Use fluorescent lights Increase home insulation