28) Which of the shapes below best describes a typical Hubert curve a) Exponenti

Question

28) Which of the shapes below best describes a typical Hubert curve a) Exponential growth b) A U shape c) A bell shape d) A pyramid e) An S shape 29) Which one of the following statements best describes future global oil production? a) Global oil production will decline over the next few decades b) Global oil production will level off in about 10 years and remain constant for several decade c) Global oil production will continue to increase for the next 200 years d) Global oil production will decrease in the Middle East but increase in the rest of the world e) Global oil production will be maintained, or increase, as a result of unconventional oil sources 30) Which one of the following statements is true? ) The global resource lifetime of oil has been steadily decreasing over the last several decade b) The global resource lifetime of oil has remained constant over the last several decades c) Proven global oil reserves have remained constant over the last several decades d) Proven global oil reserves have increased over the last several decades e) Global oil consumption has remained constant over the last several decades

Explanation / Answer

28) c) A bell shape.

29) e) Global oil production will be maintained, or increase, as a result of unconventional oil sources.

(non-conventional sources of natural gas would continue to increase and the share of non-conventional gas in total natural gas production in the U.S. will jump from 61% to 79%.)

30) d) Proven global oil reserves have increased over the last several decades.

(As on date, the U.S. has more proven reserves than at any time in its history because of the shale energy revolution that began in 2008 or so)

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