ENVS2003 Lecture Notes - Lecture 7: Hubbert Peak Theory, Aquifer, Containment Building
29 Jun 2016
School
Department
Course
Professor
Document Summary
If we stopped driving gas hogs and living in sieves we could drastically reduce the amount of oil we use. The 20 richest countries use 80% of the world"s gas, 65% of the world"s oil and 50% of the coal produced each year. Made from fossilized remains of once living organisms buried for years under intense heat and pressure. Oil is formed when microorganisms accumulate at the bottom of the sea where oxygen is limited. There it is chemically transformed anaerobically into oil and gas by a process called maturation. Geologists drill exploratory wells to find a proven reserve, a known large quantity of oil. Measured in barrels which are equal to 42 gallons of oil. We have a very vague idea of how much oil is left, but most estimates place our world reserves at 50 more years and us reserves at 25 years.
