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Conventional oil production has seen a significant increase of 10% annually since 2005.
Conventional oil production has seen a significant increase of 10% annually since 2005.
False (B)
The increase in total oil production in the last 7 years has primarily come from conventional oil sources.
The increase in total oil production in the last 7 years has primarily come from conventional oil sources.
False (B)
Unconventional oil resources are known for their high energy return on energy invested.
Unconventional oil resources are known for their high energy return on energy invested.
False (B)
The cost of producing unconventional oil is estimated to be between 65 and 110 dollars per barrel.
The cost of producing unconventional oil is estimated to be between 65 and 110 dollars per barrel.
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The exploitation of conventional oil signifies that we are likely entering the second part of the Hubbert curve.
The exploitation of conventional oil signifies that we are likely entering the second part of the Hubbert curve.
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The Hubbert curve suggests that economic measures can prevent the decline of oil production.
The Hubbert curve suggests that economic measures can prevent the decline of oil production.
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The global population by 2012 had reached approximately 7 billion people, a figure 7 times larger than when widespread petroleum use began.
The global population by 2012 had reached approximately 7 billion people, a figure 7 times larger than when widespread petroleum use began.
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The growth of the world's population has been arithmetic since the systematic use of petroleum began.
The growth of the world's population has been arithmetic since the systematic use of petroleum began.
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For many millennia, the human population did not exceed 500 million, relying on animal and human labor as the main source of energy.
For many millennia, the human population did not exceed 500 million, relying on animal and human labor as the main source of energy.
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The exponential growth of humanity in the last three centuries is due to a large decrease in the available energy associated with the massive use of fossil fuels.
The exponential growth of humanity in the last three centuries is due to a large decrease in the available energy associated with the massive use of fossil fuels.
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Since 2005, the global production of conventional oil has experienced a considerable increase.
Since 2005, the global production of conventional oil has experienced a considerable increase.
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The marginal increase in total hydrocarbon production in recent years is mainly due to conventional oil.
The marginal increase in total hydrocarbon production in recent years is mainly due to conventional oil.
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The use of fossil fuels allowed a large part of the population to dedicate themselves to agriculture, instead of science, technology, culture and the arts.
The use of fossil fuels allowed a large part of the population to dedicate themselves to agriculture, instead of science, technology, culture and the arts.
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Fossil fuel energy has enabled the exploitation of natural resources and ecosystems at an unprecedented rate.
Fossil fuel energy has enabled the exploitation of natural resources and ecosystems at an unprecedented rate.
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Unconventional oil resources include deep-water crude, heavy crude, and tar sands.
Unconventional oil resources include deep-water crude, heavy crude, and tar sands.
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Unconventional oil resources generally have a higher energy return rate than conventional oil.
Unconventional oil resources generally have a higher energy return rate than conventional oil.
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The mechanization of the countryside and the systematic application of pesticides and fertilizers in agriculture have decreased the agricultural production.
The mechanization of the countryside and the systematic application of pesticides and fertilizers in agriculture have decreased the agricultural production.
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The current estimated price for unconventional oil and gas is between $65 and $110 per barrel.
The current estimated price for unconventional oil and gas is between $65 and $110 per barrel.
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Mechanical work, irrigation, pesticides and fertilizers are indirectly derived from the use of petroleum and natural gas.
Mechanical work, irrigation, pesticides and fertilizers are indirectly derived from the use of petroleum and natural gas.
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A Shell geologist predicted that the peak of oil production in the United States would occur in 1980.
A Shell geologist predicted that the peak of oil production in the United States would occur in 1980.
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The shift to exploiting unconventional oil signifies the beginning of the first part of the Hubbert curve.
The shift to exploiting unconventional oil signifies the beginning of the first part of the Hubbert curve.
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Peak oil refers to the point when all oil is completely exhausted.
Peak oil refers to the point when all oil is completely exhausted.
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The global economy after the Second World War was developed based on decreasing amounts of cheap energy.
The global economy after the Second World War was developed based on decreasing amounts of cheap energy.
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Fossil fuels are considered a fraction of the solar energy received by the Earth during the geologic past.
Fossil fuels are considered a fraction of the solar energy received by the Earth during the geologic past.
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The peak of resource production occurs when half of the original resource is still available.
The peak of resource production occurs when half of the original resource is still available.
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During the decline phase, a lower quantity of higher quality resources is typically produced.
During the decline phase, a lower quantity of higher quality resources is typically produced.
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Saudi Arabia increased its production to mitigate price increases between 2005 and 2008.
Saudi Arabia increased its production to mitigate price increases between 2005 and 2008.
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Saudi Arabia's maximum oil production is considered to be primarily due to political factors.
Saudi Arabia's maximum oil production is considered to be primarily due to political factors.
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Iraq's oil production has consistently surpassed 3.5 million barrels per day.
Iraq's oil production has consistently surpassed 3.5 million barrels per day.
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Iraq's oil minister suggested in 2009 that the country could potentially produce up to four times its current output.
Iraq's oil minister suggested in 2009 that the country could potentially produce up to four times its current output.
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Increased attacks on civilians and military have made Iraq an unstable country.
Increased attacks on civilians and military have made Iraq an unstable country.
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The global resource reserves are known with complete accuracy.
The global resource reserves are known with complete accuracy.
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The independence and quality of non-conventional petroleum result in a low-cost resource with a high energy return rate.
The independence and quality of non-conventional petroleum result in a low-cost resource with a high energy return rate.
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Tar sands are considered the highest-quality energy resource within non-conventional petroleum.
Tar sands are considered the highest-quality energy resource within non-conventional petroleum.
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The largest reserves of tar sands are located in Canada, Kazakhstan, and Russia, with significant exploitation occurring in all three countries.
The largest reserves of tar sands are located in Canada, Kazakhstan, and Russia, with significant exploitation occurring in all three countries.
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Extracting bitumen from tar sands involves an open-pit mining process, where the material needs to be heated with steam and caustic soda.
Extracting bitumen from tar sands involves an open-pit mining process, where the material needs to be heated with steam and caustic soda.
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The production of tar sands requires low quantities of water, which is not contaminated during the process.
The production of tar sands requires low quantities of water, which is not contaminated during the process.
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The cost of producing tar sands is estimated to be between $65 and $91 per barrel of oil equivalent, with a very low energy return rate.
The cost of producing tar sands is estimated to be between $65 and $91 per barrel of oil equivalent, with a very low energy return rate.
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The theory of Hubbert is contradicted by the emergence of non-conventional petroleum production because it proves oil is abundant and cheap.
The theory of Hubbert is contradicted by the emergence of non-conventional petroleum production because it proves oil is abundant and cheap.
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Energy independence can be achieved more easily by increasing per capita consumption to match the average European consumption.
Energy independence can be achieved more easily by increasing per capita consumption to match the average European consumption.
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The Cantarell field's production currently accounts for about 35% of Mexico's total oil production.
The Cantarell field's production currently accounts for about 35% of Mexico's total oil production.
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The Ku-Maloob-Zaap field is expected to reach its peak production and begin to decline around 2014.
The Ku-Maloob-Zaap field is expected to reach its peak production and begin to decline around 2014.
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The estimated reserves of the Cantarell field are approximately 350 million barrels, according to PEMEX.
The estimated reserves of the Cantarell field are approximately 350 million barrels, according to PEMEX.
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The decline of the Cantarell field had a positive effect on the overall oil production in Mexico.
The decline of the Cantarell field had a positive effect on the overall oil production in Mexico.
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The Trident field in the US side of the Gulf of Mexico was declared commercially viable in 2008.
The Trident field in the US side of the Gulf of Mexico was declared commercially viable in 2008.
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The cost of producing oil in the deepwater areas of the Gulf of Mexico is typically less than $40 per barrel.
The cost of producing oil in the deepwater areas of the Gulf of Mexico is typically less than $40 per barrel.
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New oil prospects in the southeast region, such as Xux-Tsimin and Ayatsil-Tekel, could account for more than 10% of the Cantarell field's reserves.
New oil prospects in the southeast region, such as Xux-Tsimin and Ayatsil-Tekel, could account for more than 10% of the Cantarell field's reserves.
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The use of nitrogen injection helped Cantarell's production decline in the last few years.
The use of nitrogen injection helped Cantarell's production decline in the last few years.
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Study Notes
Article Summary
- The article discusses fossil fuels, their diagnosis, future perspectives, and economic implications.
- Global economies rely heavily on fossil fuels, especially oil.
- Fossil fuel production follows a Hubbert curve, peaking and then declining, with the peak now being approached.
- Unconventional oil sources (e.g., deepwater, heavy oil, tar sands) are now being used but are more costly and less energy-efficient than conventional oil.
- The cost of unconventional oil production is between $65 and $110 per barrel, signaling the end of cheap oil.
- Global oil reserves are not precisely known, with significant uncertainty for major producers like Saudi Arabia and Iraq.
- Current world oil production is near its peak.
- Energy return on investment (EROI) is also critical, as newer, less efficient sources require more energy input per unit output.
- Mexican oil production peaked around 2004 and has been in decline.
- Factors like geological constraints, technological limitations, and political instability impact oil production.
- Oil production decline has significant economic and societal consequences, demanding a shift towards alternative energy sources.
- The article emphasizes the need for a transition from a fossil fuel-based economy to a sustainable energy future.
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Description
This quiz explores the intricacies of fossil fuels, their economic implications, and future perspectives. It covers the Hubbert curve, the transition to unconventional oil sources, and the current state of global oil reserves and production. Test your knowledge on the declining nature of fossil fuel resources and their impact on economies worldwide.
