1. Broader Considerations
ME 1065 – L. Schaefer

2. Energy Consumption

3. Oil Prices

4. Oil Prices, Cont.

5. Oil Production 2005 2047 2% Growth 2037 2026 Billion Barrels per Year
USGS Est. of Ultimate Rec
UR B-Bbls
Probability
Low (95%)
Mean (Expected Value)
High (5%)
2,248
3,003
3,896
2026
2037
2047
2% Growth
Decline
R/P = 10
History
Mean 70 60 50 40 30 20 10
Billion Barrels per Year
1900
1925
1950
1975
2000
2025
2050
2075
2100
2125
Campbell-Laherrere World Oil Production Estimates,
2005
EIA- DOE Estimates,

6. Oil Production, cont.

7. Global Temperature Deviations

8. Greenhouse Effect

9. Environmental Regulations

10. U.S. Environmental Laws

11. U.S. Environmental Laws, Cont.