Oil gone in 19 years-- what next?

Should this concern you?

  • yes

    Votes: 16 35.6%
  • no

    Votes: 26 57.8%
  • maybe

    Votes: 5 11.1%

  • Total voters
    45

chuckpeterson

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Oil gone in 19 years-- what next?

New estimates of worldwide crude oil reserves total 1.651 trillion bbl
(1,651,000,000,000)
https://tinyurl.com/ycvg5odz

In 2010, global crude oil demand was 86.4 million barrels per day.
86,400,000,000x365=315360000000000000
https://tinyurl.com/y7cefzwl

1,651,000,000,000/315360000000000000=19 years left

My math might be off but it looks like, at current rate of consumption all the known oil reserves will be used up in 19 years.

If the numbers are correct, we need to act now before it is too late !!

Any suggestions?
 
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Desk trauma

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Oil gone in 19 years-- what next?

New estimates of worldwide crude oil reserves total 1.651 trillion bbl
(1,651,000,000,000)
https://tinyurl.com/ycvg5odz

In 2010, global crude oil demand was 86.4 million barrels per day.
86,400,000,000x365=315360000000000000
https://tinyurl.com/y7cefzwl

1,651,000,000,000/315360000000000000=19 years left

My math might be off but it looks like, at current rate of consumption all the known oil reserves will be used up in 19 years.

If the numbers are correct, we need to act now before it is too late !!

Any suggestions?

LP gas, electric vehicles.
 
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Servant68

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Failed predictions of resource exhaustion – Peak Oil #19

Failed predictions of resource exhaustion – Peak Oil #19

Carpe Diem calls attention to the silliness of many past predictions of our dire future in his post, Great moments in failed predictions of resource depletion.

I’m not sure which is larger – the magnitude of error or arrogance from the cited prognosticators.

His discussion starts with:

The idiocy of “peak oil” and other claims of pending resource depletion have a long history, dating in many cases back to the 1800s. ”Peak nitwitery” experienced an especially strong revival in the 1960s and 1970s, thanks to Paul Ehrlich and his 1968 book “The Population Bomb.”

The post refers to a list of failed predictions compiled for a course at the University of Georgia (Go Dawgs!) –Economic Development of the US – David B. Mustard – Exhaustion of Resources.
 
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Desk trauma

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Bio-Luminescent Billy

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Then in 19 years we should be producing less greenhouse gasses.
Energy should only be produced from renewable sources.
Save the remaing Oil for essential chemical production.

Cult of Greenhouse Gas strikes again.
 
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Bio-Luminescent Billy

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Failed predictions of resource exhaustion – Peak Oil #19

Failed predictions of resource exhaustion – Peak Oil #19

Carpe Diem calls attention to the silliness of many past predictions of our dire future in his post, Great moments in failed predictions of resource depletion.

I’m not sure which is larger – the magnitude of error or arrogance from the cited prognosticators.

His discussion starts with:

The idiocy of “peak oil” and other claims of pending resource depletion have a long history, dating in many cases back to the 1800s. ”Peak nitwitery” experienced an especially strong revival in the 1960s and 1970s, thanks to Paul Ehrlich and his 1968 book “The Population Bomb.”

The post refers to a list of failed predictions compiled for a course at the University of Georgia (Go Dawgs!) –Economic Development of the US – David B. Mustard – Exhaustion of Resources.

Yes and no.

 
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Bio-Luminescent Billy

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Natural gas, nuclear, solar when it becomes more viable for base load use.

WHere in the world did you get that number from?

IEAE, I think. It's an older number, but IRRC, we do depend on a lot of diesel for electricity
 
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chuckpeterson

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China Aims to Spend at Least $360 Billion on Renewable Energy by 2020

China intends to spend more than $360 billion through 2020 on renewable power sources like solar and wind, the government’s energy agency said on Thursday.

The country’s National Energy Administration laid out a plan to dominate one of the world’s fastest-growing industries, just at a time when the United States is set to take the opposite tack as Donald J. Trump, a climate-change doubter, prepares to assume the presidency.

The agency said in a statement that China would create more than 13 million jobs in the renewable energy sector by 2020, curb the growth of greenhouse gasses that contribute to global warming and reduce the amount of soot that in recent days has blanketed Beijing and other Chinese cities in a noxious cloud of smog.

China surpassed the United States a decade ago as the world’s biggest emitter of greenhouse gasses, and now discharges about twice as much. For years, its oil and coal industries prospered under powerful political patrons and the growth-above-anything mantra of the ruling Communist Party.
China Aims to Spend at Least $360 Billion on Renewable Energy by 2020
 
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chuckpeterson

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2017 China Electric Car Sales Blow World Out Of The Water — BAIC EC-Series Is A Superstar

The rise and rise of the Chinese plug-in electric vehicle (PEV) market is unstoppable, with yet another record performance in December. A total of 102,000 new passenger PEVs were registered last month, up 130% year over year. Yes, that was just December, and it pulled the year-to-date count to over 600,000 units, up 71% compared to 2016.

As consequence of this rapid growth, in December, the PEV share hit a record 3.3% market share of the entire Chinese auto market, while the entire 2017 PEV market share ended at 2.1%. That’s firmly ahead of last year’s score (1.5%) and above the USA (1.2%) and Europe (~1.9%).

The Chinese PEV market represented roughly half of the 1.2 million plug-ins sold worldwide in 2017, while Chinese carmakers made 47% of all PEVs sold last year.
https://tinyurl.com/ybe5rcb7
 
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Hammster

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Oil gone in 19 years-- what next?

New estimates of worldwide crude oil reserves total 1.651 trillion bbl
(1,651,000,000,000)
https://tinyurl.com/ycvg5odz

In 2010, global crude oil demand was 86.4 million barrels per day.
86,400,000,000x365=315360000000000000
https://tinyurl.com/y7cefzwl

1,651,000,000,000/315360000000000000=19 years left

My math might be off but it looks like, at current rate of consumption all the known oil reserves will be used up in 19 years.

If the numbers are correct, we need to act now before it is too late !!

Any suggestions?
All of the patents that the oil companies have for non-petroleum energy will be put in use.
 
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Dave G.

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Oil isn't going anywhere for a long time unless man plots it to go away like in the days of Jimmy Carter. There never was a real shortage but we right here on Cape Cod could see anchored tankers off shore here with binoculars not allowed to off load in Providence or Boston. That with gas lines a 1/4 mile long to get your ration of 5 gallons. Home heating oil went from pennies per gallon to dollars in two years. Sickening deception sponsored by a machine of "green". Al Gore ( does occidental petroleum sound familiar) telling us to get green and conserve fuel, sure so he can jack the price, produce less and make more. It's the oldest scam going. No I don't believe it for a minute that the world actually runs out of petroleum by 20 what ever it is.
 
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Kentonio

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Failed predictions of resource exhaustion – Peak Oil #19

Failed predictions of resource exhaustion – Peak Oil #19

Carpe Diem calls attention to the silliness of many past predictions of our dire future in his post, Great moments in failed predictions of resource depletion.

I’m not sure which is larger – the magnitude of error or arrogance from the cited prognosticators.

His discussion starts with:

The idiocy of “peak oil” and other claims of pending resource depletion have a long history, dating in many cases back to the 1800s. ”Peak nitwitery” experienced an especially strong revival in the 1960s and 1970s, thanks to Paul Ehrlich and his 1968 book “The Population Bomb.”

The post refers to a list of failed predictions compiled for a course at the University of Georgia (Go Dawgs!) –Economic Development of the US – David B. Mustard – Exhaustion of Resources.

Yet we know it’s a finite source. Even if predictions of when it will run out are wrong, it’s becoming more difficult and expensive to extract the new sources that are found. It’s not going to last forever so the sensible thing would be to start transitioning seriously now before it becomes an emergency.

Plus of course the tiny fact we’re sending the climate into a potentially unrecoverable temperature rise that could end up killing millions of people and changing every aspect of our lives.
 
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rockytopva

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If I had to pick an end time date I would go with the scientist, Isaac Newton...

“And I heard the man clothed in linen, which was upon the waters of the river, when he held up his right hand and his left hand unto heaven, and sware by him that liveth for ever that it shall be for a time, times, and an half.” –Daniel 12:7

From a folio cataloged as Yahuda MS 7.3g, f. 13v:

"So then the time times & half a time are 42 months or 1260 days or three years & an half, reckoning twelve months to a year & 30 days to a month as was done in the Calendar of the primitive year. And the days of short lived Beasts being put for the years of lived kingdoms, the period of 1260 days, if dated from the complete conquest of the three kings A.C. 800, will end A.C. 2060.”" - – Isaac Newton

As Charlemagne was crowned king on December 25, 800 by Pope Leo the III so the day of Christ's coming will be on Christmas Day, 2060. If the rapture of the saints (1 Thessalonians 4:16-17) occurs seven years before the time of Christ’s coming the date of the rapture 12.25 2053. However… Isaac Newton notes…

"“It may end later, but I see no reason for its ending sooner. This I mention not to assert when the time of the end shall be, but to put a stop to the rash conjectures of fancifull men who are frequently predicting the time of the end, & by doing so bring the sacred prophesies into discredit as often as their predictions fail. Christ comes as a thief in the night, & it is not for us to know the times & seasons which God hath put into his own breast." –- Isaac Newton

It looks like this is also the extent of the crude oil reserves. I would say that 2060AD is just about all that is left before the trials of Revelation fully set in.
 
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