Lesson:How Oil Prices Affect the Economy - Revision history

Solernevital at 12:59, 22 August 2015

2015-08-22T12:59:41Z

Alvaro: /* Conversation */

2015-08-14T22:04:09Z

Conversation

Mariana: /* Video */

2014-02-21T12:46:04Z

Video

Millateixeira at 15:51, 7 February 2014

2014-02-07T15:51:03Z

Alvaro: /* Reading practice */

2014-01-14T17:25:45Z

Reading practice

Gustavo at 16:15, 4 December 2013

2013-12-04T16:15:37Z

Gustavo at 16:08, 4 December 2013

2013-12-04T16:08:40Z

Gustavo: /* Reading practice */

2013-12-04T15:39:56Z

Reading practice

Marianamarques at 11:14, 3 December 2013

2013-12-03T11:14:50Z

Alvaro: /* Conversation */

2013-11-29T14:54:49Z

Conversation

@@ Line 75: / Line 75: @@
 }}
-[[Category:Awainting review]]
+[[Category:Core]]
 [[Category:Transcript ok]]

@@ Line 7: / Line 7: @@
 # In the world we live today, do you agree that everybody is oil dependent? Why?
 # Should we allow prices to be so dependent on the consumption of oil? Why?
-# Are there any ways that are started because of oil?
+# Are there any wars that are started because of oil?
 # Do you think we will one day run out of oil? How soon do you think that will happen?
 # Have you ever heard about the Second Industrial Revolution?

@@ Line 43: / Line 43: @@
 Watch the following video but DON'T read the transcript yet.
-{{#ev:youtube|j9OtQv5eH4w}}
+{{youtube|j9OtQv5eH4w}}
 <br>
 After watching the video do this [[{{FULLPAGENAME}}/ExerciseL1 | listening exercise]].
@@ Line 49: / Line 49: @@
 <br>
 </div>
 ==Reading practice==

@@ Line 18: / Line 18: @@
 Look at the vocabulary below. Take time to explore the links for their definitions in English and their translations to Portuguese. When you are done, make a sentence with each word. Ask your teacher if you should write them down or say them out loud.
-:*[{{dic}}strong{{.com}} d] | [{{wr}}strong t] - strong
+{{Definition|strong}}
-:*[{{dic}}struggle{{.com}} d] | [{{wr}}struggle t] - struggle
+{{Definition|struggle}}
-:*[{{dic}}freak{{.com}} d] | [{{wr}}freak t] - freak
+{{Definition|freak}}
-:*[{{dic}}deal{{.com}} d] | [{{wr}}deal t] - deal
+{{Definition|deal}}
-:*[{{dic}}oil{{.com}} d] | [{{wr}}oil t] - oil
+{{Definition|oil}}
-:*[{{dic}}abundant{{.com}} d] | [{{wr}}abundant t] - abundant
+{{Definition|abundant}}
-:*[{{dic}}resource{{.com}} d] | [{{wr}}resource t] - resource
+{{Definition|resource}}
-:*[{{dic}}crude{{.com}} d] | [{{wr}}crude t] - crude
+{{Definition|crude}}
-:*[{{dic}}byproduct{{.com}} d] | [{{wr}}byproduct t] - byproduct
+{{Definition|byproduct}}
-:*[{{dic}}waste{{.com}} d] | [{{wr}}waste t] - waste
+{{Definition|waste}}
-:*[{{dic}}grow{{.com}} d] | [{{wr}}grow t] - grow
+{{Definition|grow}}
-:*[{{dic}}fuel{{.com}} d] | [{{wr}}fuel t] - fuel
+{{Definition|fuel}}
-:*[{{dic}}ton{{.com}} d] | [{{wr}}ton t] - ton
+{{Definition|ton}}
-:*[{{dic}}arguably{{.com}} d] | [{{wr}}arguably t] - arguably
+{{Definition|arguably}}
-:*[{{dic}}peak{{.com}} d] | [{{wr}}peak t] - peak
+{{Definition|peak}}
-:*[{{dic}}suck{{.com}} d] | [{{wr}}suck t] - suck
+{{Definition|suck}}
-:*[{{dic}}barrel{{.com}} d] | [{{wr}}barrel t] - barrel
+{{Definition|barrel}}
-:*[{{dic}}lifeblood{{.com}} d] | [{{wr}}lifeblood t] - lifeblood
+{{Definition|lifeblood}}
-:*[{{dic}}collapses{{.com}} d] | [{{wr}}collapses t] - collapses
+{{Definition|collapses}}
-:*[{{dic}}rely{{.com}} d] | [{{wr}}rely t] - rely
+{{Definition|rely}}
 ==Video==

@@ Line 55: / Line 55: @@
 <div class="toccolours mw-collapsible mw-collapsed" style="width:95%">Transcript:<div class="mw-collapsible-content">
 You know, it seems like every time the economy starts to get stronger, oil prices go up. Way up. And then the economy struggles again. So what's the deal with freaking oil? Well, you see, oil used to be a cheap and abundant resource. So much so that crude oil created a byproduct called gasoline, which at one point was just considered waste. <br>
-So we designed engines to run off that gas. And this was the beginning of what we call the Second Industrial Revolution, and it's a time of great economic growth. It made it so that most of our transportation and distribution of goods is dependent on oil; 35% of United States energy comes from oil. We also grow our food and petrochemicals made from oil. Construction materials are made from oil. In fact, Americans consume petroleum  products at a rate of 3.5 gallons of oil per day. And that's not just in fuel. Here's a list of other things that we use that are made from oil. <br>
+So we designed engines to run off that gas. And this was the beginning of what we call the Second Industrial Revolution, and it's a time of great economic growth. It made it so that most of our transportation and distribution of goods is dependent on oil; 35% of the United States energy comes from oil. We also grow our food and petrochemicals made from oil. Construction materials are made from oil. In fact, Americans consume petroleum  products at a rate of 3.5 gallons of oil per day. And that's not just in fuel. Here's a list of other things that we use that are made from oil. <br>
-Now, here's the problem: while there used to be plenty of oil that was easy to get, today we've used a lot of it. But don't tell those tree-hugging, Earth-is-your-mother kind of people freak out on you, because there's still a ton of oil left in the ground. In fact, arguably we haven't even hit peak oil yet. Meaning that there's still more oil left in the earth than what we've taken out. <br>
+Now, here's the problem: while there used to be plenty of oil that was easy to get, today we've used a lot of it. But don't let those tree-hugging, Earth-is-your-mother kind of people freak out on you, because there's still a ton of oil left in the ground. In fact, arguably we haven't even hit peak oil yet. Meaning that there's still more oil left in the earth than what we've taken out. <br>
-But here's the thing: Human population is growing rapidly and certain countries like China and India, who are largely responsible for putting so many new people on this planet, are becoming industrialized and using more and more oil. So, while there's lots of oil left to be sucked out of the earth, there's more and more people consuming that oil. So, in the early 1900's when we first discovered oil, the amount of oil available per person was growing steadily until 1979. You see, BP discovered in a study that it was that year that the amount of oil available per person on the planet peaked. And ever since then has been going down just as fast as it went up. In fact, for the past few decades we consume 3.5 barrels of oil for every new barrel we find. So because of population growth, oil is going to become less abundant and harder to get to… unless we could find a backup planet. <br>
+But here's the thing: Human population is growing rapidly and certain countries like China and India, who are largely responsible for putting so many new people on this planet, are becoming industrialized and using more and more oil. So, while there's lots of oil left to be sucked out of the earth, there's more and more people consuming that oil. So, in the early 1900's when we first discovered oil, the amount of oil available per person was growing steadily until 1979. You see, BP discovered in a study that it was that year that the amount of oil available per person on the planet peaked. And ever since then has been going down just as fast as it went up. In fact, for the past few decades, we consume 3.5 barrels of oil for every new barrel we find. So, because of population growth, oil is going to become less abundant and harder to get to… unless we could find a backup planet. <br>
-So, here's the real problem: when the economy is humming, we're producing more, buying more, transporting more. So, in turn, we use more oil, which makes the price go up, and since our economy is based off of oil, the price of everything goes up. Which means the amount of things we can afford to buy goes down, and that makes the economy slow down again. <br>
+So, here's the real problem: when the economy is humming, we're producing more, buying more, transporting more. So, in turn, we use more oil. Which makes the price go up. And, since our economy is based off of oil, the price of everything goes up. Which means the amount of things we can afford to buy goes down. And that makes the economy slow down again. <br>
 In fact, every time we try to work ourselves out of a recession, we bring the price of oil back up with us, because it's the lifeblood of our economy. So, remember in July of 2008 when oil hit U$150 per barrel? Well, that seems to be about as high as our economy can handle before everything collapses. If we really want to see our economy prosper again like before, we can't rely anymore on the Second Industrial Revolution. What we need is to build a new economy that's not dependent on oil. What we need is a New Industrial Revolution.
 </div>

@@ Line 74: / Line 74: @@
 }}
-[[Category:Lessons in development]]
+[[Category:Awainting review]]
-[[Category:Transcript done]]
+[[Category:Transcript ok]]

@@ Line 4: / Line 4: @@
 # How important do you think oil is in our lives?
-# Do you understand why all the economy spins around oil?
+# Do you understand the impact oil has on the economy?
 # In the world we live today, do you agree that everybody is oil dependent? Why?
-# Should prices be totally related to the oil consuming? Why?
+# Should we allow prices to be so dependent on the consumption of oil? Why?
-# What's your point of view about the wars related to the oil possesion?
+# Are there any ways that are started because of oil?
-# Do you think the oil explored will finish one day? Are we gonna see it or only other generations?
+# Do you think we will one day run out of oil? How soon do you think that will happen?
 # Have you ever heard about the Second Industrial Revolution?
-# Which are other alternative ways of substituting oil?
+# What are some alternatives to oil?
 # Nowadays people are trying to be 'green', give some examples of what this means.
 # When possible, do you substitute your car for a bike, walk, etc?
@@ Line 65: / Line 65: @@
 ==Writing practice==
-Write a couple of paragraphs talking about the possibility or not of people live without using oil in their lives. Is there any other solution? Which? Make sure to use words you learned from the text and try to make it as long as you can.
+Write a couple of paragraphs talking about what would happen today if we ran out of oil. Are there any other solutions? Which ones? Make sure to use words you learned from the text and try to make it as long as you can.
 <br><br>

@@ Line 7: / Line 7: @@
 # In the world we live today, do you agree that everybody is oil dependent? Why?
 # Should prices be totally related to the oil consuming? Why?
-# What´s your point of view about the wars related to the oil possesion?
+# What's your point of view about the wars related to the oil possesion?
 # Do you think the oil explored will finish one day? Are we gonna see it or only other generations?
 # Have you ever heard about the Second Industrial Revolution?
 # Which are other alternative ways of substituting oil?
-# Nowadays people are trying to be ´green´, give some examples of what this means.
+# Nowadays people are trying to be 'green', give some examples of what this means.
 # When possible, do you substitute your car for a bike, walk, etc?
@@ Line 54: / Line 54: @@
 <div class="toccolours mw-collapsible mw-collapsed" style="width:95%">Transcript:<div class="mw-collapsible-content">
-You know, it seems like every time the economy starts to get stronger, oil prices go up. Way up. And then the economy struggles again. So what´s the deal with freaking oil? Well you see, oil used to be a cheap and abundant resource. So much so that crude oil created a byproduct called gasoline, which at one point was just considered waste. <br>
+You know, it seems like every time the economy starts to get stronger, oil prices go up. Way up. And then the economy struggles again. So what's the deal with freaking oil? Well you see, oil used to be a cheap and abundant resource. So much so that crude oil created a byproduct called gasoline, which at one point was just considered waste. <br>
-So we designed engines to run off that gas. And this was the beginning of what we call the Second Industrial Revolution, and it´s a time of great economic growth. It made it so that most of our transportation and distribution of goods is depended on oil. 35% of United States energy comes from oil. We also grow our food and petrochemicals made from oil. Construction materials are made from oil. In fact, Americans consume petroleum  products at a rate of 3.5 gallons of oil per day. And that´s not just in fuel. Here´s a list of other things that we use that are made from oil. <br>
+So we designed engines to run off that gas. And this was the beginning of what we call the Second Industrial Revolution, and it's a time of great economic growth. It made it so that most of our transportation and distribution of goods is depended on oil. 35% of United States energy comes from oil. We also grow our food and petrochemicals made from oil. Construction materials are made from oil. In fact, Americans consume petroleum  products at a rate of 3.5 gallons of oil per day. And that's not just in fuel. Here's a list of other things that we use that are made from oil. <br>
-Now, here´s the problem: while there used to be plenty of oil that was easy to get, today we´ve used a lot of it. But don’t tell those tree-hugging, Earth-is-your-mother kind of people freak out on you, because there´s still a ton of oil left in the ground. In fact, arguably we haven´t even hit peak oil yet. Meaning that there´s still more oil left in the earth than what we´ve taken out. <br>
+Now, here's the problem: while there used to be plenty of oil that was easy to get, today we've used a lot of it. But don’t tell those tree-hugging, Earth-is-your-mother kind of people freak out on you, because there's still a ton of oil left in the ground. In fact, arguably we haven't even hit peak oil yet. Meaning that there's still more oil left in the earth than what we've taken out. <br>
-But here´s the thing: Human population is growing rapidly and certain countries like China and India, who are largely responsible for putting so many new people on this planet, are becoming industrialized and using more and more oil. So while there´s lots of oil left to be sucked out of the earth, there´s more and more people consuming that oil. So in the early 1900s when we first discovered oil, the amount of oil available per person was growing steadily until 1979. You see BP discovered in a study that it was that year that the amount of oil available per person on the planet peaked. And ever since then has been going down just as fast as it went up. In fact, for the past few decades we consume 3.5 barrels of oil for every new barrel we find. So because of population growth, oil is going to become less abundant and harder to get to… unless we could find a backup planet. <br>
+But here's the thing: Human population is growing rapidly and certain countries like China and India, who are largely responsible for putting so many new people on this planet, are becoming industrialized and using more and more oil. So while there's lots of oil left to be sucked out of the earth, there's more and more people consuming that oil. So in the early 1900s when we first discovered oil, the amount of oil available per person was growing steadily until 1979. You see BP discovered in a study that it was that year that the amount of oil available per person on the planet peaked. And ever since then has been going down just as fast as it went up. In fact, for the past few decades we consume 3.5 barrels of oil for every new barrel we find. So because of population growth, oil is going to become less abundant and harder to get to… unless we could find a backup planet. <br>
-So here´s the real problem: when the economy is humming, we´re producing more, buying more, transporting more. So in turn, we use more oil, which makes the price go up, and since our economy is based off of oil, the price of everything goes up. Which means the amount of things we can afford to buy goes down, and that makes the economy slow down again. <br>
+So here's the real problem: when the economy is humming, we're producing more, buying more, transporting more. So in turn, we use more oil, which makes the price go up, and since our economy is based off of oil, the price of everything goes up. Which means the amount of things we can afford to buy goes down, and that makes the economy slow down again. <br>
-In fact, every time we try to work ourselves out of a recession, we bring the price of oil back up with us, because it´s the lifeblood of our economy. So remember in July of 2008 when oil hit U$150 per barrel? Well that seems to be about as high as our economy can handle before everything collapses. If we really want to see our economy prosper again like before, we can´t rely anymore on the Second Industrial Revolution. What we need is to build a new economy that´s not dependent on oil. What we need is a New Industrial Revolution.
+In fact, every time we try to work ourselves out of a recession, we bring the price of oil back up with us, because it's the lifeblood of our economy. So remember in July of 2008 when oil hit U$150 per barrel? Well that seems to be about as high as our economy can handle before everything collapses. If we really want to see our economy prosper again like before, we can't rely anymore on the Second Industrial Revolution. What we need is to build a new economy that's not dependent on oil. What we need is a New Industrial Revolution.
 </div>