Conventional and Alternative Energy Resources Quiz

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

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

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

Peak oil may be the time when exporting nations no longer have significant oil to export.

World exports of oil are about one-half of world production.

The important question is not how long oil will last, but when peak production will be reached.

There is a finite amount of time (a few decades or perhaps a bit longer) left to adjust to a post-petroleum era.

We are approaching the time when approximately 50% of the total crude oil available from traditional oil fields will have been consumed.

For every three barrels of oil we consume, we are finding only one barrel.

Potential challenges include adjusting lifestyles and economies to a post-petroleum era.