Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $13,078
16%  
Woo hoo!! And we're now over 16%!! Thank you all very much!! God bless.

Keyword: oilgraphs

Brevity: Headers | « Text »
  • What are the top five facts everyone should know about oil exploration? (from Quora.com)

    04/03/2013 12:30:25 AM PDT · by AZLiberty · 2 replies
    Quora.com ^ | March 31, 2013 | Ryan Carlyle
    My top 5 oil industry facts: 1) Oil is important. Shockingly, sometimes horrifically important. The world economy has been developing with oil as its lifeblood for over a hundred years. Oil is directly responsible for about 2.5% of world GDP [1], but accounts for 1/3rd of humanity's primary energy supply (>5 terawatts out of 15 terawatts total) [2]. It's over half if you include natural gas. World Energy Consumption by Source, in Terawatts World energy consumption Oil/gas powers 100% of all transportation, within a few significant figures of rounding error. Transportation, in turn, directly accounted for 1/6th of world GDP...