Conventional and Alternative Energy Resources Quiz
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Questions and Answers

What is the primary concern raised regarding the approaching peak in oil production?

The primary concern is that oil will become much more expensive and there will be supply problems as demand increases.

How have oil revenues impacted the Middle East region?

Oil revenues have resulted in huge trade imbalances in the Middle East region.

Which countries or regions does the United States import oil from?

The United States imports oil from Venezuela, the Middle East, Africa, Mexico, Canada, and Europe.

What is the significance of peak oil for exporting nations?

<p>Peak oil may be the time when exporting nations no longer have significant oil to export.</p> Signup and view all the answers

What proportion of the world's oil production is exported?

<p>World exports of oil are about one-half of world production.</p> Signup and view all the answers

What is the key question regarding oil production and consumption?

<p>The important question is not how long oil will last, but when peak production will be reached.</p> Signup and view all the answers

How much time is left to adjust to a post-petroleum era?

<p>There is a finite amount of time (a few decades or perhaps a bit longer) left to adjust to a post-petroleum era.</p> Signup and view all the answers

What milestone in oil consumption are we approaching?

<p>We are approaching the time when approximately 50% of the total crude oil available from traditional oil fields will have been consumed.</p> Signup and view all the answers

What is the current ratio of oil consumption to new oil discoveries?

<p>For every three barrels of oil we consume, we are finding only one barrel.</p> Signup and view all the answers

What are some potential challenges associated with the transition to a post-petroleum era?

<p>Potential challenges include adjusting lifestyles and economies to a post-petroleum era.</p> Signup and view all the answers

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