Newsweek
America consumes 21 million barrels of oil a day, a forth of the world total. China’s oil demand is increasing quickly and is second with 6.4 barrels of oil a day. Rising oil prices should lower the demand, but for rich countries, people with growing incomes are able to afford the oil. Big companies are unwilling to find new oil, buying and selling reserves from other companies, thus escalating the prices even more. In the future, countries may become stronger or weaker depending on their amount of oil. People should help out by being more conservative.I picked this article, because the picture reminded me of a detective office. It caught my eye, and I thought it would be interesting.
posted by Jennifer H at
9:26 AM
5 Comments:
http://www.nrdc.org/air/transportation/aoilpolicy2.asp
This article is about how much money we consume on gas per minute and how much in money we get from foreign soils.
http://www.eia.doe.gov/oiaf/ieo/oil.html
This Article is about how much money we consume on gas. I think the gas prices may go down after the warr whenever it ends.
http://en.wikipedia.org/wiki/Oil_reserves
Oil in the ground is not a "reserve" unless it is claimed to be economically recoverable, since as the oil is extracted, the cost of recovery increases incrementally as the amount of oil remaining is reduced. The recovery factor (RF) is the percentage of oil in place which is expected to be economically recoverable under a given set of conditions.
http://www.nrdc.org/air/transportation/aoilpolicy2.asp
Info on money from other countrys
http://www.washingtonpost.com/wp-dyn/content/article/2006/04/11/AR2006041100571.html
This is about the rise in gas prices.
Post a Comment
Subscribe to Post Comments [Atom]
<< Home