1. Solar? Wind? Nuclear? Coal? Energy Resources & Policy ENV 385 Biodiesel?

2. Have Oil, Will Consume 1900 1950 2000 2050 2 1 ~125 yrs ~30 yrs historic projected trillion barrels

3. Complicated process to obtain gasoline from crude oil.

4. Make a list of five factors that affect gasoline prices.

5. Key Factors Affecting Markets Iraq Russia Venezuela OPEC Decisions Nigerian Civil Strife Weather Value of U.S. Dollar

6. Key Factors Affecting Markets CBG = Clean Burning Gas OXY = Oxygenated RVP = Reid Vapor Pressure RFG = Reformulated Gasoline

7. Key Factors Affecting Markets Refining Capacity

8. Increased Demand & Competition 1,200,000,000 people! 1,000,000,000 people!

11. On the map below use arrows to show the global routes of flow (import/export) of crude oil

12. It’s a Small World After All: Major Flows of Crude Oil View of Earth from the Moon

13. Gimme! Gimme! Gimme!

14. <1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 *Note the absence of India (lump in with Rest of the World). India’s population is > one billion.

15. Greater than 55% of U.S. refining capacity is located along TX-AL coast

16. U.S. Imports of Crude and Products

21. Outer Continental Shelf (OCS) Moratorium Passed by Congress every year since its inception in 1981 OCS covers 85% of U.S. coastal area Estimated 19 billion bls recoverable oil and 86 trillion cu. ft. natural gas within OCS (Dept. of Interior), namely between shoreline and 50 miles from shore House of Representatives voted 236-189 yesterday to lift the moratorium; Senate debate/vote will be next week

22. Drilling allowed 50 to 100 miles from shore if neighboring states agree to the drilling; 100 miles no state approval Royalties from drilling not shared with neighboring states $18 billion tax breaks over next 10 years eliminated Bill gives tax credits to solar and wind energy industries Would require utilities to generate 15% of electricity from solar and wind or other renewables House Bill Provisions

23. http://geography.about.com/library/misc/uceez.htm

24. EEZ