Page 550 - Environment: The Science Behind the Stories
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receiving stations, and how strong the                               Arctic National
                        waves are at each site, researchers   National Petroleum  Prudhoe Bay  Wildlife Refuge
                        can triangulate and infer the densities,   Reserve - Alaska
                        thicknesses, and locations of underly-
                        ing geologic layers.
                            Seismic surveying is similar to how
                        we use sonar in water or how bats use
                        echolocation as they fly. It is also used
                        for finding coal deposits, salt and min-              ALASKA         Trans-Alaska
                        eral deposits, and geothermal energy                                 pipeline            CANADA
                        hotspots, as well as for studying faults,             Anchorage
                        aquifers, and engineering sites.
                            Still, even with good survey data,                            Valdez
                        oil companies may have only a 10%
                        success rate in finding oil or gas. They
                        need to conduct exploratory drilling                                    Total oil
                        to confirm whether oil or gas actually
                        exists in any given location.
                            Using data from such techniques,                                  Technically
                        geologists with the U.S. Geological   FIGURE 2 Surveys have given us data on   recoverable oil
                        Survey (USGS) in 1998 assessed the   how much oil may underlie Alaska’s North   Economically
                        subsurface geology of the Arctic National   Slope. Of the total oil scientists estimate   recoverable oil
                        Wildlife Refuge on Alaska’s North Slope   to exist in the area of the Arctic NWR that   (at $40/barrel)
                        to predict how much oil it may hold   may someday be opened to drilling, only
                        (FIGURE 2). Over three years, dozens   some is technically recoverable, and less   0  5 10 15 20 25 30 35
                        of scientists conducted fieldwork and   is economically recoverable. Data from U.S.   Billion barrels of oil,
                                                                                                            estimated
                        combined their results with a reanalysis of   Geological Survey.
                        2300 km (1400 mi) of seismic survey data
                        that industry had collected in the 1980s.  the Arctic Refuge, the USGS calcu-  In 2002, the USGS conducted simi-
                            After studying their resulting   lated technically recoverable oil to total   lar analyses for the National Petroleum
                        subsurface maps, USGS scientists   4.3–11.8 billion barrels, with a mean   Reserve–Alaska, a vast parcel of tundra
                        concluded, with 95% certainty, that   estimate of 7.7 billion barrels (just over   to the west of the Arctic Refuge and
                        between 11.6 and 31.5 billion barrels   1 year of U.S. consumption).  Prudhoe Bay that the U.S. government
                        of oil lay underneath the region of the   The portion of this oil that is “eco-  set aside 90 years ago as an emergency
                        refuge that Congress has debated   nomically recoverable” depends on the   reserve of petroleum. USGS scientists
                        opening for drilling. The mean estimate   costs of extracting it and the price of oil   estimated that this region contained 9.3
                        of 20.7 billion barrels is enough to sup-  on the world market. USGS scientists   billion barrels of technically recoverable oil.  CHAPTER 19 •  FOSSIL FUELS, THEIR IMPA CT S, AND ENERGY CONSERVATI ON
                        ply the United States for 3 years at its   calculated that at a price of $40 per   Across the world, petroleum
                        current rate of consumption.       barrel, 3.4–10.8 billion barrels would be   geologists are using similar methods
                            However, some portion of oil from   economically worthwhile to recover. At   to try to determine how much oil
                        any deposit is impossible to extract   today’s much higher prices, the eco-  remains to extract. Their work is of
                        using current technology, so geolo-  nomically recoverable amount would   vital importance as the world’s nations
                        gists estimate “technically recoverable”   be closer to the technically recoverable   struggle to pursue well-informed
                        amounts of fuels. In its estimate for   amount.                      energy policies.




                        slightly more than 1 trillion barrels of proven reserves remain.   1.6 trillion barrels would last about 54 more years. Applying
                        Adding proven reserves of oil sands from Canada and Vene-  the R/P ratio to natural gas, we find that the world’s proven
                        zuela brings the total remaining to just over 1.6 trillion barrels.  reserves of this resource would last 64 more years. For coal,
                            To estimate how long this remaining oil will last, analysts   the latest R/P ratio estimate is 112 years.
                        calculate the  reserves-to-production ratio, or  R/P ratio, by   The true number of years remaining for these fuels may
                        dividing the amount of total remaining reserves by the annual   be less than these figures suggest, however, because our
                        rate of production (i.e., extraction and processing). At cur-  demand and production have been increasing, not constant.
                        rent levels of production (30 billion barrels globally per year),   Yet at the same time, the true number of years may be more   549







           M19_WITH7428_05_SE_C19.indd   549                                                                                    12/12/14   5:23 PM
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