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impacts oil depletion will have on us
Transcript of impacts oil depletion will have on us
Block 1 Economics Impacts Oil Depletion will have on Us Today's economy depends alot on access to an abundant amount of oil. So what will happen to our lifestyle's if the amount left doesn't meet the demand? Main areas of our life that will be affected by Oil Depletion -Transportation -Agriculture
-Modern Medicine Effects on Transportation (with expensive oil) 2/3 of the oil supply in the United States is used for transportation “What is Oil Used For?” ECCOS, 2011 <http://www.eccos.us/index.php?option=com_content&view=article&id=23&Itemid=17> 1 1 less oil= $$$ oil expensive oil means more expensive to travel Agriculture(Petroleum shock) requires
-Oil based pesticides
-Natural gas produced fertilizers
-Ag vehicles fed by gas or diesel (tractors...) sad face because it's food (gas or disel) is expensive it would be harder to produce( and transport) the food we eat Modern Medicine -requires an extensive quantity of cheap oil
-aspirin is produced from phenol, a petroleum-based molecule
-pill bottles that medicine come in is made out of plastic
-if the price of oil goes up then healthcare will be even more expensive Frumkin, Howard, Jeremy Hess, and Stephen Vindigni. “Energy and Public Health: The Challenge of Peak Petroleum.” PMC U.S. National Institutes of Health's National Library of Medicine,2009, < http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2602925/?report=classic> 4 4 OIL Modern
Medicine how you get to work? ability to hang out with friends? Health care? ability to get you favorite food? (Ben &Jerry's) Traveling? Theories about the future of oil (Optimistic v.s. pessimist) Theories about the future of oil Optimistic -some oil producing nations might be purposefully understating their resources(so there is no need to panic)
-if there is better extraction technology, we will have higher yields from existing oil fields
-higher oil prices will drive people to develop alternative oil technology(and by the time the oil shortage happens alternative oil will be ready to take over)
-Biofuel will help Pessemistic -by oil companies saying they have less oil, stock investors in that company wouldn't want to stay (because their oil amount would run out soon
-better extraction means less oil faster
-alternative oil is inadequate to take on the burden of oil
-making corn or sugar cane ethanol would mean using land that could be used for food
-it takes more energy to create Biofuel than what it yields when we have an oil shortage we will be impacted more than we think
Crying Wolf: warnings about oil supply, Michael C. Lynch, M.I.T., March 1998.
Long Term World Oil Supply Scenarios: The Future Is Neither as Bleak or Rosy as Some Assert, John H. Wood, Gary R. Long, David F. Morehouse. Aug, 2004.
The End of Suburbia: Oil Depletion and the Collapse of the American Dream (DVD), Directed by Barry Greene, Produced by Barry Silverthorn, The Electric Wallpaper, 2004.
Lott, Melissa. “10 Calories in, 1 Calorie Out – The Energy We Spend on Food.” Scientific American. Scientific American, 11 Aug. 2011. Web. 25 May 2013.
“What is Oil Used For?” ECCOS. ECCOS, Jan, 2011. Web. 27 May 2013.
Martin, Jay. “CSA farmer Jay Martin on Sustainable Food Systems.” Energy Bulletin. Energy Bulletin, 29 Apr. 2005. Web. 26 May 2013.
Frumkin, Howard, Jeremy Hess, and Stephen Vindigni. “Energy and Public Health: The Challenge of Peak Petroleum.” PMC U.S. National Institutes of Health's National Library of Medicine. 124.1(2009):5-19. Public Health Rep. Web. 25 May. 2013. Work Cited transportation (gasoline, diesel, jet fuel, etc.) 1