Oil Flashcards
What % of global energy is derived from oil?
30%
Which industry is almost entirely dependant on oil?
The global transport system
What do we use oil for?
- Transport, including cars and aircraft
- Making a wide variety of materials such as textiles and plastics
How many of the world’s 65 highest oil producing nations have already peaked in their oil production?
54
In the 1960’s, ……. barrels of oil were discovered for every …….. barrels used
6
1
For every ……. barrels used now, ……. barrels are discovered
4
1
What is an EROEI score?
Energy Returned On Energy Invested
Oil has a …… EROEI score.
What does this mean?
Low
The amount of energy required to extract oil is increasing so the amount that can be obtained is decreasing
When is peak oil predicted to be reached?
Difficult to predict and varies in different countries.
What might a country do if their oil reserves have depleted?
Look at importing from another country
What are three consequences of running out of oil?
- Increased costs for extraction
- Supply can’t meet demand and there may be energy shortages which then impacts people and the economy
- Increased reliance on alternative sources of energy, including renewables
What are The Tar Sands
An oil supply in Alberta, Canada, which supplies oil to the U.S
Tar Sands uses enough energy to power……. And the same amount of greenhouse gases as…….
3 million homes
1.3 million cars
How has Tar Sands affected the natural water systems?
- 90% of water used in production is polluted and unusable - It is stored in lakes covering an area of 60km - These leak and pollute the Athabaska River.
Give an example of an oil spill, including the location and date
Deepwater horizon, Gulf of Mexico 2010
