Question 23.48

18. We explore the consequences of reducing the rate of growth of oil use. Suppose that we halve the growth rate from the 2.5% per year given in Exercise 17 to 1.25% per year. [Thanks for the idea to Evar D. Nering of Arizona State University, The mirage of a growing fuel supply, New York Times (June 4, 2001), op-ed page.]

  1. How long would the 100-year static reserve last?
  2. How long would the 1000-year static reserve last?
  3. How long would the 10,000-year supply last?