[Saudi Arabia is currently producing a large part of the world's output and has 25% of the world's reserves.



sorry but i just have to say, that is wrong, they hold 55 percent of the worlds crude oil reserves. They produce twenty-eight percent of the worlds oil. thanks.

[edit on 15-1-2008 by iwillfindthetruth]

Great way to raise profits, eh?

No-one in the peak oil business seems to notice Russia completely turned their economy around, paid off all their debts, and is now "paying for procreation" to raise their population.


All from profits generated from very deep oil wells.

Now, just how did dead plants and animal matter get 5 to 10 miles below the surface? No geological process can explain a fossil fuel model for oil that far down.

I constantly wonder at how Jupiter, Saturn, Uranus and Neptune, along with numerous moons, comets, asteroids and such, got all their hydrocarbons------ tens of thousands of earth masses of it.
Must have been a plague of dead dino poop and fallen leaves.

Originally posted by gotrox
I constantly wonder at how Jupiter, Saturn, Uranus and Neptune, along with numerous moons, comets, asteroids and such, got all their hydrocarbons------ tens of thousands of earth masses of it.
Must have been a plague of dead dino poop and fallen leaves.

Even if oil is abiotic, that doesn't mean we can't burn through the supply faster than it replenishes. Given that we don't have a confirmed process yet, it may be that it took millions of years for geological processes to make what we have burned up in the last 150.

Russia isn't increasing its oil production with ambiotic oil. This is a myth. Russia does have the worlds deepest drilled hole, drilled since the Seventies, but it is not an oil well, but used for research, and is not producing oil. The U.S. has a similar research effort that was abandoned, but now appears to be back on track. These holes are extremely difficult to drill, and extremely expensive.

If oil is produced from ambiotic sources, those sources are not re-filling the existing oil fields fast enough to keep up with demand. Chance are that we will not find a magic oil well that keeps refilling as fast as we pump the oil out. We can wish with one hand, and develop alternative energy sources with the other.

Sure, there is plenty of oil out there, but will not be nearly as high of quality, and a lot more expensive to tap. Alternative energy sources are the way of the future, and that future is now. These will be technology and labor intensive, which means they will not be easily controlled by huge international corporations, and that is a good thing. Welcome to a brave new world.