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DID YOU KNOW
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- ExxonMobil, the world's biggest oil company, announced that it earned more than $8 billion in the first three months of the year. (Source: NPR)
- "…the world currently uses roughly 75-80 million barrels of crude oil per day, of which the United States consumes about 20 million, or roughly one-quarter of the global supply." (Source: PBS, Extreme Oil)
- Conoco Phillips (announced) that it earned $3.3 billion during the first quarter of 2006. (Source: NPR)
- 69% of US Oil Consumption is used for Transportation. (Source: Energy Information Administration)
- Today, world oil production is close to capacity. Today?s spare capacity is estimated at 2 million barrels per day - less than 3% of demand.
- The United States holds just 3 percent of world oil reserves but consumes 25 percent of the world’s oil output and depends on importing oil from other nations in order to meet U.S. demand.
- 7 out of the 10 biggest companies in the world are oil companies.
- Although exploration technology has advanced significantly since 1897, geologists still have only about a 10% success rate in identifying new fields.
- The youngest barrel of oil is one million years old; a typical barrel is 40 million years older than that.
- "At 42 gallons per barrel, every person in the U.S., on average, consumes nearly three gallons of crude oil every single day." (Source: PBS, Extreme Oil)
Costs of Consumption
Oil, the basis of our current energy system, sits at the center of our greatest environmental, health, human rights and security challenges today. It drives our global economies and is fully integrated into the structures, apparatus, and rules of governments. Continued and increasing use of oil and other polluting energy resources is dramatically impacting our ability to decrease dangerous levels of pollution from our environment and to reduce the devastating effects of a warming earth. Delay in total commitment to disconnecting from our oil-driven economy will increase the severity of societal disruptions already being experienced across the planet as sea levels rise threatening coastal regions where millions live, as air and land temperatures kill or alter species and their habitats, and as humans continue to experience a frightening increase in diseases and illness caused by the toxic byproducts of the global economy for which they also depend.
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