Oil: A Finite Resource

Oil: A Finite Resource

1. Oil is a very important source of energy

   • oil powers cars and trucks
   • oil is used to generate electricity and to heat homes

2. A Finite Resource

   • oil will eventually run out
   • we need to conserve the oil resources of the world

3. The location of oil deposits

   • oil is found in the USA,Mexico,Russia etc
   • the bulk of the world's oil reserves are in the Persian Gulf
   • the Persian Gulf exports oil to the USA,the EU etc

4. Price of oil

   • oil prices have risen and fallen for several decades
   • oil prices rose in 2007 and early 2008 because: *demand in Europe,USA and Japan remained very high

5. Renewable energy

   • wind energy
   • solar energy
   • tidal energy

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