At current rates of consumption, the U.S. has at least two centuries of oil, report says

[Vambram]

Exclusive: At current rates of consumption, the U.S. has at least two centuries of oil, report says

Predictions that the U.S. and the world would run out of fossil fuels go back decades, and these predictions have so far turned out to be wrong. A new report shows the U.S. has 227 of oil, 130 years of gas, and 485 years of coal.

justthenews.com

Predictions that the U.S. and the world would run out of fossil fuels go back decades, and these predictions have so far turned out to be wrong. A new report shows the U.S. has 227 of oil, 130 years of gas, and 485 years of coal.
or years, activists argued for an energy transition away from fossil fuels because, they said, we were hitting “peak oil,” the point at which we can no longer produce oil because there’s little left in the ground or it’s too expensive to recover.

In 2023, the U.S. produced nearly 13 million barrels per day, more than any other nation in history. Predictions that the U.S. and the world would run out of oil go back decades, and these predictions have so far turned out to be wrong.

Tom Pyle, president of the Institute for Energy Research (IER), a free market think tank focusing on energy, told Just the News that anti-fossil fuel activists latched onto “peak oil” to push for alternatives, and with the U.S. leading the world’s production, their rhetoric has evolved.

“First, they said, ‘We don't have the resources. We're big consumers, but we don't have the energy. So we have to get off of the resource.' Then it became evident and clear that that was not the case,” Pyle said.
In 2011, IER produced its first North American Energy Inventory.

“It was really for the purpose of shattering this myth of energy scarcity. To my knowledge, prior to that, nobody had taken the effort to compile, using government data …. the amount of energy that we have in North America,” Pyle said.

In that 2011 report, Pyle stated: “Thanks to new and continuing innovations in exploration and production technology, there’s every reason to believe that today’s estimates of reserves are only a fraction of what will be produced and delivered tomorrow.”

The statement turned out to be accurate. The Shale Revolution, which combined technologies in horizontal drilling and hydraulic fracturing, made available large deposits of previously unrecoverable oil throughout the U.S.

The IER’s 2024 North American Energy Inventory update shows that North America has 1.66 trillion barrels of technically recoverable resources, and at current rates of consumption, the report calculates that it would take 227 years to deplete it all.

 

[iluvatar5150]

Thanks, Joe.

 

[GoldenBoy89]

In 2023, the U.S. produced nearly 13 million barrels per day, more than any other nation in history.

 

[CRAZY_CAT_WOMAN]

Americans are taught, encouraged to be lazy, out of shape. So, they lack riding bikes, walking or riding horses to places they can go to. So, of course Americans use more gas, then other places.

 

[Bradskii]

...activists argued for an energy transition away from fossil fuels because, they said, we were hitting “peak oil,” the point at which we can no longer produce oil because there’s little left in the ground or it’s too expensive to recover.

Somebody needs to explain climate change to you. We've sorta moved on from 'we don't have enough' to 'FOR GOD'S SAKE STOP USING WHAT WE HAVE LEFT BEFORE IT'S TOO LATE!'

 

[Laodicean60]

FOR GOD'S SAKE STOP USING WHAT WE HAVE LEFT BEFORE IT'S TOO LATE!'

I'm curious when do think this will happen? There are too many activist opinions out there. I personally think we'll blow ourselves up before CC harms us.

 

[BCP1928]

I'm curious when do think this will happen? There are too many activist opinions out there. I personally think we'll blow ourselves up before CC harms us.

It's happening now. Petroleum is becoming more expensive to extract and catastrophic effects of climate change are being felt all over the world.
What are you waiting for?

 

[Hazelelponi]

Exclusive: At current rates of consumption, the U.S. has at least two centuries of oil, report says

Predictions that the U.S. and the world would run out of fossil fuels go back decades, and these predictions have so far turned out to be wrong. A new report shows the U.S. has 227 of oil, 130 years of gas, and 485 years of coal.

justthenews.com

Predictions that the U.S. and the world would run out of fossil fuels go back decades, and these predictions have so far turned out to be wrong. A new report shows the U.S. has 227 of oil, 130 years of gas, and 485 years of coal.
or years, activists argued for an energy transition away from fossil fuels because, they said, we were hitting “peak oil,” the point at which we can no longer produce oil because there’s little left in the ground or it’s too expensive to recover.

In 2023, the U.S. produced nearly 13 million barrels per day, more than any other nation in history. Predictions that the U.S. and the world would run out of oil go back decades, and these predictions have so far turned out to be wrong.

Tom Pyle, president of the Institute for Energy Research (IER), a free market think tank focusing on energy, told Just the News that anti-fossil fuel activists latched onto “peak oil” to push for alternatives, and with the U.S. leading the world’s production, their rhetoric has evolved.

“First, they said, ‘We don't have the resources. We're big consumers, but we don't have the energy. So we have to get off of the resource.' Then it became evident and clear that that was not the case,” Pyle said.
In 2011, IER produced its first North American Energy Inventory.

“It was really for the purpose of shattering this myth of energy scarcity. To my knowledge, prior to that, nobody had taken the effort to compile, using government data …. the amount of energy that we have in North America,” Pyle said.

In that 2011 report, Pyle stated: “Thanks to new and continuing innovations in exploration and production technology, there’s every reason to believe that today’s estimates of reserves are only a fraction of what will be produced and delivered tomorrow.”

The statement turned out to be accurate. The Shale Revolution, which combined technologies in horizontal drilling and hydraulic fracturing, made available large deposits of previously unrecoverable oil throughout the U.S.

The IER’s 2024 North American Energy Inventory update shows that North America has 1.66 trillion barrels of technically recoverable resources, and at current rates of consumption, the report calculates that it would take 227 years to deplete it all.

This is honestly some awesome research here on your part. Kudos to you.

I'll shoot this over to my husband and see if he wants to go through all this. This looks pretty cool.

However, this does manage to say Biden isn't doing a bad job with drilling and such which I find surprising since he's pushing all these laws that makes fuel costs higher for everyday Americans.

So... Huh. That's weird. Why make American costs higher if it's unnecessary to do so, especially when we are a nation in an inflationary emergency?

 

[Tropical Wilds]

Exclusive: At current rates of consumption, the U.S. has at least two centuries of oil, report says

Predictions that the U.S. and the world would run out of fossil fuels go back decades, and these predictions have so far turned out to be wrong. A new report shows the U.S. has 227 of oil, 130 years of gas, and 485 years of coal.

justthenews.com

Predictions that the U.S. and the world would run out of fossil fuels go back decades, and these predictions have so far turned out to be wrong. A new report shows the U.S. has 227 of oil, 130 years of gas, and 485 years of coal.
or years, activists argued for an energy transition away from fossil fuels because, they said, we were hitting “peak oil,” the point at which we can no longer produce oil because there’s little left in the ground or it’s too expensive to recover.

In 2023, the U.S. produced nearly 13 million barrels per day, more than any other nation in history. Predictions that the U.S. and the world would run out of oil go back decades, and these predictions have so far turned out to be wrong.

Tom Pyle, president of the Institute for Energy Research (IER), a free market think tank focusing on energy, told Just the News that anti-fossil fuel activists latched onto “peak oil” to push for alternatives, and with the U.S. leading the world’s production, their rhetoric has evolved.

“First, they said, ‘We don't have the resources. We're big consumers, but we don't have the energy. So we have to get off of the resource.' Then it became evident and clear that that was not the case,” Pyle said.
In 2011, IER produced its first North American Energy Inventory.

“It was really for the purpose of shattering this myth of energy scarcity. To my knowledge, prior to that, nobody had taken the effort to compile, using government data …. the amount of energy that we have in North America,” Pyle said.

In that 2011 report, Pyle stated: “Thanks to new and continuing innovations in exploration and production technology, there’s every reason to believe that today’s estimates of reserves are only a fraction of what will be produced and delivered tomorrow.”

The statement turned out to be accurate. The Shale Revolution, which combined technologies in horizontal drilling and hydraulic fracturing, made available large deposits of previously unrecoverable oil throughout the U.S.

The IER’s 2024 North American Energy Inventory update shows that North America has 1.66 trillion barrels of technically recoverable resources, and at current rates of consumption, the report calculates that it would take 227 years to deplete it all.

Wow, the Institute for Energy Research says we have that much? The agency founded a guy who worked at Enron and was Kenneth Lay’s fixer? The agency who’s largest donor since its founding is Exxon?

Well then those numbers must be true.

 

[Astrid]

In a geology class at NYU the professor commented that
for over a century the prediction kept being " 10 more years".

 

[Laodicean60]

It's happening now. Petroleum is becoming more expensive to extract and catastrophic effects of climate change are being felt all over the world.
What are you waiting for?

What's the date of mass death? I know it's happening CO2 is rising along with methane, I read a paper a while back that said 400 years. We need to ease into it with balance instead of one extreme to another. A lot of EV's still in the lot. Energy costs are hurting Americans and oil might be headed up. How could it not with all the trade route disruptions? I'll get to live how my parents lived in the 70s, inflation. My kids are struggling in this country, 2 don't own homes because of prices. Because in my 30s I was set.

 

[essentialsaltes]

Ah... it's great that there will be absolutely no repercussions for making no changes for the next 199 years.

 

[Nithavela]

I don't see the point in drilling out all that oil. We've basically already doomed ourselves as is, so why not call it a day?

 

[RocksInMyHead]

I'm curious when do think this will happen? There are too many activist opinions out there.

Here's a discussion of climatic tipping points: The point of no return: how close is the world to irreversible climate change?

I personally think we'll blow ourselves up before CC harms us.

Depending on how you look at things, climate change is already harming us. Either way though, kicking the can down the road because "maybe we'll be dead before it's an issue" isn't really a wise course of action.

 

[Pommer]

Depending on how you look at things, climate change is already harming us. Either way though, kicking the can down the road because "maybe we'll be dead before it's an issue" isn't really a wise course of action.

For those convinced that we are living in the “End Times”, 100 years from now might as well be eternity.

 

[GoldenBoy89]

I don't see the point in drilling out all that oil. We've basically already doomed ourselves as is, so why not call it a day?

Because it wins votes!

 

[Nithavela]

Because it wins votes!

I don't think it matters who rules some part of that burning ball of silicone to be we call our home.

 

[Bradskii]

I'm curious when do think this will happen? There are too many activist opinions out there. I personally think we'll blow ourselves up before CC harms us.

We have quite possibly reached a point already when it's too late. Here's a depressing article: Earth on verge of five catastrophic climate tipping points, scientists warn

 

[rjs330]

Here's the news for all of you. The earth is dying. It has been since it's creation and the fall. Everything dies. Stars die,planets die. It's the law. You are going to die and so are your children
The earth wint last forever. No matter what we do the the end will come. We aren't going to bring it about any faster by drilling for oil. We won't keep it lasting longer by going electric.

The good news is the human race will be long gone before the earth is destroyed. We've got a long time left. Minimim of a 1000 years. There's going to be bad times ahead. Wars, rumors of wars, famine and pestilence. Yet we will go on. The climate is changing, the earth is dying very slowly. It's not out fault we didn't kill it. We also won't save it.

The best we can do is endure it and come up ways to adapt to it until Christ returns. Then he'll be here for 1000 years and then shortly after the end will finally come for this Ole little rock.

In the end it doesn't matter. We are all only here for a short time. What matters is eternity. Which obviously is much longer. Do we want to spend it wishing we would have made different choices are are we going to spend it in the presence of the Lord. I know.where I'll be. Love to see you all there.

 

[essentialsaltes]

We aren't going to bring it about any faster by drilling for oil.

In fact, we can make future scenarios worse or better (in terms of annual damages and human deaths) by adjusting the rates of fossil fuel consumption.