End of oil is around the corner; what next?

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Depleted

Guest
#21
This is just one article but there are many more....

The United States Has Plenty Of Oil: 10 Facts About America’s Energy Resources That Will Blow Your Mind

The oil shortage scare is a way to hike the price claiming low supply (think basic economics supply and demand) low supply plus high demand = high prices....

Also Alaska and the pacific west off shore has plenty of fossil fuels but are not allowed to touch it due to the EPA which is a sham organization.....they act like they care about the environment but its all bs....BP after the oil spill only got a slap on the wrist and not fined heavily as they should have been....the EPA is just shutting down oil businesses based in the US and in effect shutting down the economy over there because the price of oil greatly affects the economy.....
You're getting your info from a marketing site out to get people's money buy selling them the-end-is-neigh crap. That's worse than Big Oil. At least we know Big Oils motives and products, so understand their mind set.

Now I understand yours. You'd rather buy junk than discover reality.

"Credible source" means something!!!
 
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Ultimatum77

Guest
#22
You're getting your info from a marketing site out to get people's money buy selling them the-end-is-neigh crap. That's worse than Big Oil. At least we know Big Oils motives and products, so understand their mind set.

Now I understand yours. You'd rather buy junk than discover reality.

"Credible source" means something!!!
Okay here are cough "credible" sources....
same info....N. America has plenty of fossil fuels and will actually cause a supply abundance in the future due to the mostly untapped reserves underground....

Exxon sees abundant oil, gas far into future

North America Is Setting Off An Oil Supply Shock That Is Rippling Through The World - Business Insider
 

JosephsDreams

Senior Member
Dec 31, 2015
4,313
467
83
#23
The OP is probably unaware that we are going to electric and natural gas. Oil is not going to be neraly as important in 20 years to us as it is now. Also technology will replace some applications for oil.
And the US has vast oil reserves, We don't use it because we want a large emergency reserve.
The Arbs are going to slowly decrease in oil finances.
 
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Ultimatum77

Guest
#24
Ummm, we're getting our heat from that "untouched natural gas" reserve, and specifically because we already found out how harmful the use of coal is. You're talking about an America that hasn't been around in 100 years. Your statement would be correct if this was 1916, but it's 2016.

And back in the 70's, there was no shortage of oil. There was a shortage of getting it to the right market for what the market would bear. (Imagine how confused I was as a kid. My family moved out to Illinois so Dad could help build an oil refinery. When he was done and the refinery was operational, we moved back east only to hear Big Oil was too cheap to build more refineries so there is a shortage. lol) Why in the world would "Big Oil" want people to stop buying their product?

I knew two young men from South Africa who made a fortune in oil during that "shortage." No, they had no oil to sell, but they knew tankers were on the ocean filled with oil but no place to deliver it to. All they did was find the places that wanted the oil and then tell the captain of those tankers to go there. Then they got a 10% finders fee. THAT's how much of a no-shortage there was in the 70's.

(I met them in the early 80's because of their next problem. If they didn't invest all that money quickly, their government wanted it as taxes. So they settled on buying a big chunk of land in Virginia. The only thing they didn't know was where and from whom, so they looked for the a phone book in Virginia and picked alphabetically all the way -- by the name of the county and then by the name of the first alphabetical realtor in that county. And that's how they met my uncle and bought thousands of acres of undeveloped land in VA. lol)

And our EPA is an enforcement agency, not decision makers. They enforce what our legislators tell them to enforce.
I've read that there are huge reserves of LNG in the midwest and under the rocky mtns....this is what I refer to as mostly untapped :)
 
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Depleted

Guest
#25
Depleted, I don't know about mahi mahi, but we have millions upon millions of European carp in the River Murray. They're a huge pest. They destroy the whole eco-system.
Yeah, I know. And they wouldn't be a pest if they weren't junk fish. They are edible, but they are also scavengers that eat carron, so you have to be mighty hungry to want to eat them. Our pest fish is the Chinese Snakefish, which we've dubbed "Frankenfish." Also edible, but no one eats it for the same reason no one eats your carp. That's why I call them "junk fish." Sorta like fast-food french fries -- no earthly good to them.

On the positive side, if I could duplicate my family in mass quantities, we'd wipe out your rabbits. They're tasty! lol
 
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Depleted

Guest
#26
Okay here are cough "credible" sources....
same info....N. America has plenty of fossil fuels and will actually cause a supply abundance in the future due to the mostly untapped reserves underground....

Exxon sees abundant oil, gas far into future

North America Is Setting Off An Oil Supply Shock That Is Rippling Through The World - Business Insider
Credible source. I'm sorry. I thought you were old enough to understand the basic definition. Now I link it for you.
 
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BeyondET

Guest
#27
One more on energy, maybe one day someone can come up with a invention to harness the plasma that is released from the sun it's a by product of the fusion going on within the sun.
 
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Ultimatum77

Guest
#28
Credible source. I'm sorry. I thought you were old enough to understand the basic definition. Now I link it for you.
Business insider is a credible source, you really need to work on not talking down to people who disagree with your viewpoints.... there's no need to belittle others....
 
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wwjd_kilden

Guest
#29
Use butter!

on a more serious note: if we in the west were lest egoistic and focused less on money, I am sure we could find plenty of other useful resources. Only problem is we might have to let go of some luxury (OH NO!)
 
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BeyondET

Guest
#30
Use butter!

on a more serious note: if we in the west were lest egoistic and focused less on money, I am sure we could find plenty of other useful resources. Only problem is we might have to let go of some luxury (OH NO!)
hahaha no Parkay is better :)
[video=youtube;ui4vPDEVQIo]https://www.youtube.com/watch?v=ui4vPDEVQIo[/video]

Seriously yea I agree it's seems it everywhere
 
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BrotherJustin

Guest
#31
Use butter!

on a more serious note: if we in the west were lest egoistic and focused less on money, I am sure we could find plenty of other useful resources. Only problem is we might have to let go of some luxury (OH NO!)
Amen! So be it!
 
Mar 2, 2016
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#32
Soilent green. Pretty soon we'll be making toothpaste and tires out of people. Lol. What...they don't their bodies anymore. Might as well get something out of them. It can be a way for us to give back. I hereby donate my corpse to the people who make water bottles.
 
Mar 23, 2014
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#33
At year-end 2015,
ExxonMobil's proved reserves totaled 24.8 billion


http://news.exxonmobil.com/press-release/exxonmobil-announces-2015-reserves-additions

Global oil reserves declined by 0.92 billion barrels in 2014 to 1,700.1 billion barrels.

http://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy/oil-review-by-energy-type/oil-reserves.html

world annual oil
consumption: 91,253,000


https://www.eia.gov/cfapps/ipdbproject/IEDIndex3.cfm?tid=5&pid=5&aid=2

91,253,000,000/24,800,000,000=3.67 years of oil

In otherwords Exxon will provide 3.67 years of oil
 

p_rehbein

Senior Member
Sep 4, 2013
30,097
6,480
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#34





U.S. Crude Oil and Natural Gas Proved Reserves


With Data for 2014 | Release Date: November 23, 2015 |
Next Release Date: November 2016 | full report

Previous Issues:

Year: 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996

In 2014, U.S. crude oil and lease condensate proved reserves increased to 39.9 billion barrels—an increase of 3.4 billion barrels (9.3%) from 2013. U.S. proved reserves of crude oil and lease condensate have risen for six consecutive years, and exceeded 39 billion barrels for the first time since 1972.[SUP]1[/SUP] Proved reserves of U.S. total natural gas[SUP]2[/SUP] increased 34.8 trillion cubic feet (Tcf) to 388.8 Tcf in 2014. This increase (9.8%) boosts the national total of proved natural gas reserves to a record-high level for the second consecutive year.
Sustained low prices for oil and natural gas are anticipated to reduce the reserves in EIA’s next report (for year-end 2015). Lower prices have curtailed drilling and made recovery economics more challenging. Although resource estimates are not necessarily reduced by lower prices, the calculation of proved reserves is sensitive to price.

 
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BeyondET

Guest
#36
Typo correction: Either way "I" will not be around so should I care?
Yes we should oil is for a reason, Was it's only purpose is for energy to fuel our cars and all things it's used for today. Seems that wouldn't be logic.
 
Mar 23, 2014
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#37
The earth is slowly cooling and that is causing the earth to shrink but .,.,.That is the question of the day !!
On second thought; is the earth cooling after all. The earth is traveling threw a vacuum. If the earth is in a vacuum how on earth is it cooling?

just asking :)-?
 
Mar 23, 2014
702
4
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#38
The earth is slowly cooling and that is causing the earth to shrink but .,.,.That is the question of the day !!
On second thought; is the earth cooling after all. The earth is traveling threw a vacuum. If the earth is in a vacuum how on earth is it cooling?

just asking :)-?
 
Mar 23, 2014
702
4
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#39
and exceeded 39 billion barrels for the first time since 1972

World oil consumption 2005 is 80,290,000 barrels per day or 29,305,850,000 per year
39,000,000,000/29,305,850,000= 1.3307923162099


What is wrong here?

Can’t I divide-?

Are double questions allowed?

No wait that makes it three (3)