L3 Uneven Patterns Of Oil Supply N Demand

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L3 Uneven Patterns Of Oil Supply N Demand

  1. 1. Odd one out?
  2. 3. GLOBAL RESOURCE CASE STUDY – OIL <ul><li>Why is it important to know how much oil there is in the world? </li></ul>TURN TO P10 IN YOUR BOOKLETS
  3. 4. <ul><li>How much oil are we using? </li></ul><ul><li>i.e. Demand </li></ul>GLOBAL RESOURCE CASE STUDY – OIL <ul><li>How much oil is left? </li></ul><ul><li>i.e. Supply </li></ul>
  4. 5. GLOBAL RESOURCE CASE STUDY – OIL - SUPPLY <ul><li>World reserve of oil (%) </li></ul><ul><li>Saudi Arabia (22.3%) </li></ul><ul><li>Iran (11.2%) </li></ul><ul><li>Kuwait (9.7%) </li></ul><ul><li>UAE (8.3%) </li></ul><ul><li>Venezuala (6.5%) </li></ul><ul><li>Russia (6.3%) </li></ul><ul><li>Kazakstan (3.4%) </li></ul><ul><li>Libya (3.3%) </li></ul><ul><li>Nigeria (3.0%) </li></ul><ul><li>USA (1.8%) </li></ul><ul><li>China (1.4%) </li></ul><ul><li>Canada (1.4%) </li></ul><ul><li>Quatar (1.3%) </li></ul>Oil reserves (end 2007) (i.e. how much oil is left in ‘reserves’) THE SUPPLY Grand reserve total = 1,237.8 Billion barrels World uses 1,000 barrels a second!
  5. 6. Peak Oil <ul><li>Some people think that the supply of oil will at some point peak and then the reserves will start to shrink. (see graph on right) </li></ul>Oil supply Time Peak oil Turn to p156 in Evolving Planet
  6. 7. <ul><li>How much oil are we using? </li></ul><ul><li>i.e. Demand </li></ul>GLOBAL RESOURCE CASE STUDY – OIL <ul><li>How much oil is left? </li></ul><ul><li>i.e. Supply </li></ul>
  7. 8. World Oil Consumption 2005 USA UK Germany France Japan India China Argentina Brazil Saudi Iran Kuwait Algeria, South Africa, Egypt
  8. 9. <ul><li>How much oil are we using? </li></ul><ul><ul><li>Which countries in the world is using up most of the oil and why? (is this fair?) </li></ul></ul><ul><ul><li>What is going to happen in the future? </li></ul></ul>GLOBAL RESOURCE CASE STUDY – OIL – DEMAND Keep Reading p156-7 EP
  9. 10. Your Turn! <ul><li>You have been asked by the school magazine to write a short comparison between USA’s use of oil and the UK’s – exposing just how much oil the USA are using. Is this greedy??? </li></ul><ul><li>They want you to include facts about how much oil there is and how much is being used up as well. </li></ul><ul><li>GREEDY USA USING UP WORLD’S OIL! </li></ul><ul><li>Did you know that USA uses 25% of the worlds oil but has less than 5% of the world population … </li></ul><ul><li>America urgently has to build new and better public transport systems as they need to …. </li></ul>To help use Oil Info box on p12 of resource booklet!

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