June 28, 2007

Test Your Energy IQ

Found at Captain's Quarters.

How well do you understand the energy situation as it stands today? Harris conducted a poll among Americans, and the results were pretty dismal. Take the poll below (in the extended entry) for yourself, and then check out the answers here.

Let me know how you did in the comments. I didn't do so hot. 1. What percent of the worldÂ’s 10 biggest oil and natural gas companies are owned and operated by foreign governments?

1 25%
2 50%
3 75%
4 100%
5 Not sure


2. Where does ExxonMobil, the largest U.S. oil and natural gas company, rank in size among the worldÂ’s largest holders of oil reserves?

1 Among the top 3 oil reserve holders
2 Among 4th to 6th oil reserve holders
3 Among 7th to 10th oil reserve holders
4 Not among the top 10 largest oil reserve holders
5 Not sure


3. What percent of the worldÂ’s proven oil reserves do U.S. oil companies control?

1 0% to less than 10%
2 10% to less than 20%
3 20% to less than 30%
4 30% to less than 40%
5 Not sure


4. According to 2006 projections, what percent of global energy demand in 2030 will be met by fossil fuels, such as oil, natural gas and coal?

1 21%
2 41%
3 61%
4 81%
5 Not sure


5. What percent of U.S. domestic energy needs are currently met by imports?

1 10% to less than 25%
2 25% to less than 40%
3 40% to less than 60%
4 60% to less than 80%
5 Not sure


6. In 2006, how many cents did the U.S. oil and natural gas industry earn in profit on every dollar of gasoline sales?

1 1 to 5 cents
2 6 to 10 cents
3 11 to 15 cents
4 16 to 20 cents
5 Not sure


7. What percentage of U.S. oil companiesÂ’ stocks are owned by pension plans and retirement accounts?

1 0% to 15%
2 16% to 30%
3 31% to 45%
4 46% to 60%
5 Not sure


8. On average in 2006, what percent of your gasoline dollar went to the following factors? Please select each response only once.

1 Price of crude oil
2 Refining, distribution and service station costs
3 Federal, state, and local taxes

Write which factor above goes with which percentage below

1 56%
2 26%
3 18%

9. Current government policy restricts access to what percentage of potential offshore U.S. oil and natural gas development sites, off the coasts of the lower 48 states?

1 25%
2 45%
3 65%
4 85%
5 Not sure


10. From 2000 through 2005, U.S. oil and gas companies invested how many billions of dollars on emerging energy technologies in North America (such as biomass, wind, solar, alternative fuel vehicles, gas-to-liquids and oil shale)?

1 $1 to less than $25 billion
2 $25 to less than $50 billion
3 $50 to less than 75 billion
4 $75 to 100 billion
5 Not sure


11. According to Oil and Gas Journal, at 2006 production rates, how many years will the global “known reserves” of oil last?

1 20 years
2 40 years
3 50 years
4 60 years
5 Not Sure


12. According to 2007 data, what percentage of U.S. energy use is currently supplied by renewable sources?


1 0% to less than 10%
2 10% to less than 20%
3 20% to less than 30%
4 30% or more
5 Not sure

13. According to 2007 projections, what percentage of U.S. energy use will be supplied by renewable sources by 2030?

1 0% to less than 10%
2 10% to less than 20%
3 20% to less than 30%
4 30% or more
5 Not sure


14. What percentage of gasoline used in the U.S. would be replaced by ethanol, using current corn-based production technology, if every acre of corn was used for ethanol production exclusively?

1 0 to 10%
2 11% to 25%
3 26% to 40%
4 41% to 55%
5 Not sure


15. What percentage of cars on the road today are designed to operate using the fuel E-85 (a fuel mixture that is 15% gasoline and 85% ethanol)?

1 0% to 5%
2 6% to 10%
3 11% to 15%
4 16% to 20%
5 Not sure


16. In 2030 what percentage of the U.S. light-duty car fleet will be made up of flexible fuel vehicles able to run on E-85 (a fuel mixture that is 15% gasoline and 85% ethanol)?


1 0% to 6%
2 7% to 10%
3 11% to 15%
4 16% to 20%
5 Not sure


17. In the history of the world, the energy industry has produced about a trillion barrels of oil and developed about another trillion into proved reserves for future production. How much recoverable conventional oil does the U.S. Geological Survey estimate remains to be discovered in the future?

1 About half of the oil that has already been produced
2 Between 1 and 2 times the amount of oil that has already been produced
3 Between 3 and 4 times the amount of oil that has already been produced
4 Between 5 and 6 times the amount of oil that has already been produced
5 Not sure


18. In 2006, which of the following countries was the largest U.S. supplier of oil?

1 Saudi Arabia
2 Canada
3 Venezuela
4 China
5 Not sure

19. In 2006, what percent of oil the U.S. consumes came from the Persian Gulf countries?

1 Less than 15%
2 16 to 30%
3 31 to 45%
4 46 to 60%
5 Not sure


20. In 2006, the U.S. imported what percent of its oil?

1 20%
2 40%
3 60%
4 80%
5 Not sure

Posted by: Ted at 05:44 AM | category: Links
Comments (3) | Add Comment
Post contains 975 words, total size 5 kb.

1 I got an F.

8/20. Canada...Who knew?

Posted by: Derek at June 28, 2007 10:08 AM (FloaD)

2 Sir Jones
a quick search got me this: http://www.gravmag.com/oil2.html (dated but interesting)

BTW - which company has the worlds largest profit?

Who is API - the source of this quiz?

how closely are they tied to Halliburton?
how closely is Halliburton tied to the current W house?

how many gallons of blood and billions of tax revenue are you willing to spill for oil?

the white house has, and continues to lie to the us citizenry.
Halliburton is (in) the White house
They don't die for their country.

last question...
you believe them?

have a blessed day...

peace (now that i vented)
Alan

ps I think I'll check out ******* now [edited to remove reference to spam comment, which was also deleted]

Posted by: Green at June 28, 2007 07:19 PM (zPJRY)

3 Green -

I notice in your "dated" link that there is no reference to Gazprom or LucOil, two of the Russian giants. Those two alone control as much oil as all of the privately held companies in the world put together.

According to the Guardian, ExxonMobile made the largest profit. You ignore the fact that government owned companies don't report profits, so your question should be "which investor owned company made the largest profit?" Oddly enough, an investor owned company is supposed to make a profit. Also, apparently you're upset over the size of the profit, when you should be more concerned with the percentage of profit. Google made more than twice the percentage of profit as ExxonMobile, so is the oil company evil because they're bigger, or is Google evil because they made twice as much profit on each dollar?

I'll stop here, because your BDS is showing.

Posted by: Ted at June 28, 2007 07:57 PM (7lxqj)

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