Term
| Do resources just "run out"? |
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Definition
| No, they do not suddenly run out. hey experience a decline curve. |
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Term
| What are the 2 major periods that resources experience? |
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Definition
1. Pre-peak: cheap and abundant
2. Post peak: expensive and scarce |
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Term
| Has coal already peaked in the UK? |
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Definition
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Term
| How are peaks usually predicted by analysts before they occur? |
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Definition
| 50% depletion point coincides with the production peak |
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Term
| Coal peaks can occur in regions other can countries. What is a state that is post peak? |
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Definition
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Term
| Have some states shown peaks that are far from their 50% depletion points? |
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Definition
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Term
| What are two states that have demonstrated what appear to be peaks long before there 50% depletion point? |
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Definition
| Pennsylvania, Ohio, and Illinois |
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Term
| Why did PA and IL peak in the early 20th century? |
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Definition
| oil came along that was seen as being better |
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Term
| When did Ohio's coal peak occur? |
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Definition
| 1970? Less desirable at that time due to high sulfur content |
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Term
| Does the actual coal peak always fall on the 50% depletion point? |
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Definition
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Term
| When does coal usually peak? |
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Definition
| 8 years after the 50% depletion of low sulfur reserves and 9 years before the 50% depletion of total coal reserves |
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Term
| What is a state that is 100% depleted in coal? |
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Definition
| Arizona (but not totally accurate because Arizona is still producing coal) |
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Term
| How does coal production in the US east of the mississippi river compare to that of west of the mississippi river? |
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Definition
| Coal has plateaued in the east and is upping production in the west |
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