Explore BrainMass
Share

Oil Supply and Reserves

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

1. Just to continue using oil at the current rate (not the projected higher exponential rate), we must discover and add to global oil reserves the equivalent of a new Saudi Arabian supply (the world's largest) every 10 years. Do you believe this is possible? If not, what effects might this have on your life and on the life of a child or grandchild you might have?

2. Explain why you are for or against continuing to increase oil imports in the United States or in the country where you live. If you favor reducing dependence on oil imports, list the three best ways to do this.

3. Explain why you agree or disagree with the following proposals by various energy analysts to help solve U.S. energy problems: (a) find and develop more domestic supplies of oil, (b) place a heavy federal tax on gasoline and imported oil to help reduce the waste of oil resources

© BrainMass Inc. brainmass.com October 25, 2018, 12:55 am ad1c9bdddf
https://brainmass.com/chemistry/chemical-kinetics/oil-supply-and-reserves-245963

Solution Preview

1) I do not believe it is possible to sustain such oil discoveries. While there may be a lot of undiscovered oil, we have already tapped the easy to find supplies. New supplies will be more difficult to access, such as deep in the ocean floor or deeper underground. This will likely make the energy crisis a more ...

Solution Summary

This solution explains:

1) What effects a lack of oil reserves will have on future generations.

2) Why it is important to reduce dependence on foreign oil and three ways to do this.

3) Why it is illogical to tax gasoline and imported oil and why it is important to develop domestic alternative energy.

$2.19
See Also This Related BrainMass Solution

Crude Oil Supply/Demand

Here are the questions that everyone should discuss:
1) When will the world run out of proven reserves of crude oil ? Pick one of the answers below, and explain clearly why you picked this answer.
A) In 1,317/31 = 42 years.
B) Never
C) It cannot be determined.

2) When will the world run out of crude oil (meaning actual crude oil under the ground, not proven reserves)? Pick one of the answers below, and explain clearly why you picked this answer.
A) In 1,317/31 = 42 years.
B) Never
C) It cannot be determined.

View Full Posting Details