Question

In: Chemistry

As of 2006 Goldemberg gives the estimates the remaining reserves of petroleum as 1.03 trillion barrels...

As of 2006 Goldemberg gives the estimates the remaining reserves of petroleum as 1.03 trillion barrels and an average consumption of 25.5 billion barrels per year. Put these numbers into Joules and Btu. Given these estimates as of 2006, how long will the reserves of oil last?

Solutions

Expert Solution

Reserve = 1.03 trillion barrels

Consumption = 25.5 billion barrel/year

Rate = reserve/time

time = reserve/rate

time = (1.03*10^9 barrels )/(25.5*10^6 barrels per year) = 40.39 years

Reserve are approx = 40.40 years, which assumes constant consumption.

a)

Change to BTU

Typically, we assume:

1 Barrel of Oil equivalent = 5551365.2248856 BTU= 5.55*10^6 BTU

consumption in BTU/y

C = 25.5*10^6 barrels / year * (5.55*10^6 BTU)/(barrels) = 1.415*10^14 BTU/year

change to J

1 BTU = 1055 J

1.415 BTU/y * 1055 J/BTU = 1.492*10^17 J/year

change reserve:

R = 1.03*10^9 barrels

R =1.03*10^9 barrels * (5.55*10^6 BTU)/(barrels) = 5.716*10^15 BTU

change BTU to J

5.716*10^15 BTU * 1055 J/BTU

R = 6.030*10^18 J


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