Posted by
Catmman on Friday, November 21, 2008 10:25:19 AM
As are many other theories dealing with energy. Watch this video, get edumacated:
Other energy myths busted:
Facts:
- 95% of the world's proven oil and gas reserves are controlled by national oil companies (
Forbes)
- Only 16% of U.S. oil imports come from the Middle East (
EIA)
- The largest supplier of oil to the U.S. is Canada (
EIA)
- The second largest supplier of oil to the U.S. is Mexico (
EIA)
- Only 0.005% of U.S. domestic oil production is exported (
EIA)
- Only 1.5% of the United States electrical generation comes from oil (
EIA) (
48% Coal, 20% Natural Gas, 19% Nuclear)
- The U.S. uses 25% of the world's oil supply because it produces over 25% of the world's economy (
World Bank)
Failed Predictions:
- 1885, U.S. Geological Survey: "Little or no chance for oil in California."
- 1891, U.S. Geological Survey: "Little or no chance for oil in Kansas and Texas"
- 1914, U.S. Bureau of Mines: Total future production limit of 5.7 billion barrels of oil, at most a 10-year supply remaining.
- 1939, Department of the Interior: Oil reserves in the United States to be exhausted in 13 years.
- 1951, Department of the Interior, Oil and Gas Division: Oil reserves in the United States to be exhausted in 13 years.
Reserves: (partial list)
- 1.3 Trillion barrels of 'proven' oil reserves exist worldwide (
EIA)
- 1.8 to 6 Trillion barrels of oil are estimated in the U.S. Oil-Shale Reserves (
DOE)
- 986 Billion barrels of oil are estimated using Coal-to-liquids (CTL) conversion of U.S. Coal Reserves (
DOE)
- 173 to 315 Billion (1.7-2.5 Trillion potential) barrels of oil are estimated in the Oil Sands of Alberta, Canada (
Alberta Department of Energy)
- 100 Billion barrels of heavy oil are estimated in the U.S. (
DOE)