Consider the Future of Crude Oil  Petroleum will not be available forever.  A post-carbon energy economy will not happen overnight.  Transitions from petroleum to renewable resources will come from multiple sources – it is unlikely that there will be one big breakthrough that will solve the problem.

Currently  Crude Oil refining/drilling threatens the environment, and desires to recover oil reserves heightens national interests & political involvement.  Crude Oil provides 35% of power on Earth.  More than 95% of the vehicles on Earth run on petroleum. (15-20% of cars run on biofuel or are hybrids)

Why Crude Oil is an excellent energy source.  Crude Oil has a high energy density, and requires less energy to produce or refine it.  EROEI – Energy Returned On Energy Invested  Crude oil has an EROEI of 30:1. By compairison, corn-based ethanol has an EROEI of less than 2:1.

 Petroleum, natural gas and coal presently supply 83% of our energy.  These fossil fuels must eventually be replaced by sustainable, renewable, non- polluting sources such as those presently supplying the remaining 17% of our energy. Such as… Nuclear Biomass Hydroelectric Wind Geothermal Solar Hydrogen

 It will take an estimated 2 trillion BOE (Barrels of Oil Equivalent) to make the transition to clean, sustainable energy.

 TRANSITION BOE  Recovery using new technology – [This includes recovery from old, abandoned wells, ultra deep and off shore wells.] est. 1 trillion BOE  Shale oil – est. 3 trillion BOE  Coal – est. 1.5 trillion BOE  Heavy oil (ie. tar sands) – est. 1 to 2 trillion BOE.  Natural gas – est. 1 trillion BOE

Transition and Alternative Energy Resources  Recovery using new technology  Shale Oil  Coal  Heavy Oil  Natural Gas  Nuclear Power  Wind Power  Biomass  Hydroelectric  Geothermal  Solar  Hydrogen