Worldometers: Oil officially ends November 9 2053 ( 9/11 ), page 1


Pages:
ATS Members have flagged this thread 3 times


reply posted on 27-1-2012 @ 06:36 PM by juicyflush
reply to post by Zagari



How would you know?
How about a link or something to back up your claim?


reply posted on 27-1-2012 @ 06:38 PM by Vandalour
reply to post by Zagari





If this date is wrong, can someone correct me?


just a moment, I will go out and check the world's oil reserves..

perhaps you could share with us where you get that information ?


reply posted on 27-1-2012 @ 07:08 PM by DaRAGE
Originally posted by raybies
Haha i bet this little find wasn;t taken into consideration.
www.bbc.co.uk...




Says there is only 100 million barrels?

Does seem like a major find at all...

CIA World Factbook
edit on 27-1-2012 by DaRAGE because: (no reason given)



reply posted on 17-3-2012 @ 08:47 PM by ingeborgsjon
Originally posted by tovenar

resources don't just get used at the same rate until they "run out" like the "E" on the world petrol tank. My how simplistic.

As a resource becomes scarce, its price increases, driving some buyers to alternatives. This reduces the aggregate demand.

A real world example of this is the use of the Ogalala Aquifer on the north American Plains. in 1970, the US's EPA predicted that the aquifer would be entirely depleted in 30 years. In 1997, they said the aquifer would last about 100 years. What was the difference? Increasing fuel costs made the price of retrieving the water for irrigation untenable for many farmers. Because it was so expensive to pump the water to the surface, farmers found ways to reduce their water consumption by 80%.

What will happens as the price of oil escalates exponentially? Consumers will find other solutions, before the last drop is even brought to the surface.

It's not nearly as exciting as the "End of Oil" conspiracy, when populations adapt to changing environments....

The problem is that society is built around energy dependent transportation and according to the Hirsch report from the Department of Energy the US would need to start a "crash program" least two decades before peak oil in order to avoid severe effects to the economy. Some studies even points to that it could lead to mass starvation when oil dependent just-in-time food logistics get out of fuel.

People will react to prices as you say but most can't do very much due to the car dependent society. And there are no real alternatives to oil.

Also the world economy, and especially the US economy, is very oil dependent, it needs cheap oil to keep running. I believe that the world economy is already in the start of a never seen before economic crisis due to high oil prices.


reply posted on 17-3-2012 @ 08:53 PM by ArcAngel
reply to post by raybies



Haha. That's like 30 days supply to th USA alone.
Pages:     ^^TOP^^



Inside Look at Illegal Nigerian Oil Refinery (vid)
  Posted 10 days ago with 0 member flags
Saudi Arabia may be oil IMPORTER by 2030
  Posted 5 days ago with 0 member flags