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Originally posted by surf911
My hummer will not be running on oil by the time oil runs out. That I can assure you of. Problem is not of oil running out, that will NEVER happen. What will happen is the supply of oil will becoming increasingly constrained. The oil that is left is more expensive to drill for.
So in the past 150 years weve used about 1 trillion barrels of oil.
There is over 1 trillion PROVEN conventional oil reserves left. No one knows for sure, but estimates are the actual number is around 3 trillion. Then comes "heavy" oil, Alberta, Canada has an estimated 1.8 trillion, Venezuela has 1.2 trillion. Not to mention the 2.6 trillion in shales in US. Include all the "unconventional" reserves and that adds 6.5 trillion. Even all the oil fields that have drilled the past 150 years still have about 50% of their oil left. Oil fields are abandoned once about 50% of the oil is gone because it becomes too costly at that point, they are NEVER sucked dry. Furthermore about 25% of the world has NOT been explored for oil. So you can add another 25% to the 7-9 trillion. If after all that, you still believe we will run our of oil in our lifetime or your grandkids lifetime for that matter, you need help that I cannot offer.
-Really "pwnd."
Originally posted by wildone106
What you fail to realize was in the 'past' it was the U.S. as the biggest consumer, now there are at least 2 other U.S. size nations or bigger that are as hungry for oil, with the same dwindling supply? China & India are no longer on the side lines..they are here..NOW & experience economic good times. They want the same standards of living as us, they want more cars, more resources than EVER before.
Its getting harder to get at the oil resources as they dry up which also contributes to the price.
Your stock money wont do you much good when the oil runs out, maybe you can buy a vat of linseed oil and run your fat a$$ hummer on that.
-pwnd.
[edit on 17-10-2007 by surf911]
Originally posted by wildone106
Oil at $88 a barrel now..how much more until we're priced out of energy altogether..solar power aint gonna cut it..we need that alien technology the fascist pigs are keeping to themselves..this could all be resolved..
news.yahoo.com...
Originally posted by tep200377
Originally posted by wildone106
Oil at $88 a barrel now..how much more until we're priced out of energy altogether..solar power aint gonna cut it..we need that alien technology the fascist pigs are keeping to themselves..this could all be resolved..
news.yahoo.com...
Here in norway we pay 2.1$ pr Liter gasoline for our cars .. the world hasnt stoped here yet .. no riots or anything .. wierd ..
Originally posted by commodore64
The main problem is that the current system is so well organised, that it doesnt allow us, people to organise. Thereofre we only have to complain about such isues on forums and feel quasi comfortable about it. Why just not organise concretely and do something?
Originally posted by wildone106
Sure well for the majority of people not sitting upon a fortune like you must be, there will come a time when its just too costly to pay for the hard to find oil and then what...
Originally posted by surf911
My hummer will not be running on oil by the time oil runs out. That I can assure you of. Problem is not of oil running out, that will NEVER happen. What will happen is the supply of oil will becoming increasingly constrained. The oil that is left is more expensive to drill for.
So in the past 150 years weve used about 1 trillion barrels of oil.
There is over 1 trillion PROVEN conventional oil reserves left. No one knows for sure, but estimates are the actual number is around 3 trillion. Then comes "heavy" oil, Alberta, Canada has an estimated 1.8 trillion, Venezuela has 1.2 trillion. Not to mention the 2.6 trillion in shales in US. Include all the "unconventional" reserves and that adds 6.5 trillion. Even all the oil fields that have drilled the past 150 years still have about 50% of their oil left. Oil fields are abandoned once about 50% of the oil is gone because it becomes too costly at that point, they are NEVER sucked dry. Furthermore about 25% of the world has NOT been explored for oil. So you can add another 25% to the 7-9 trillion. If after all that, you still believe we will run our of oil in our lifetime or your grandkids lifetime for that matter, you need help that I cannot offer.
-Really "pwnd."
Originally posted by wildone106
What you fail to realize was in the 'past' it was the U.S. as the biggest consumer, now there are at least 2 other U.S. size nations or bigger that are as hungry for oil, with the same dwindling supply? China & India are no longer on the side lines..they are here..NOW & experience economic good times. They want the same standards of living as us, they want more cars, more resources than EVER before.
Its getting harder to get at the oil resources as they dry up which also contributes to the price.
Your stock money wont do you much good when the oil runs out, maybe you can buy a vat of linseed oil and run your fat a$$ hummer on that.
-pwnd.
[edit on 17-10-2007 by surf911]
[edit on 17-10-2007 by surf911]
Originally posted by wildone106
Oil at $88 a barrel now..how much more until we're priced out of energy altogether..solar power aint gonna cut it..we need that alien technology the fascist pigs are keeping to themselves..this could all be resolved..
news.yahoo.com...