How much Oil do we have?

[sandorski]

Article

Just stumbled upon this when reading about the current Price spike. Very interesting article showing that reported Reserves seem to be based on things other than actual estimates.

It would seem foolhardy to assume we have what we think we have when it comes to Oil Reserves. Perhaps yet another reason to move rapidly beyond current Oil Based fuels.

 

[charrison]

Originally posted by: sandorski
Article

Just stumbled upon this when reading about the current Price spike. Very interesting article showing that reported Reserves seem to be based on things other than actual estimates.

It would seem foolhardy to assume we have what we think we have when it comes to Oil Reserves. Perhaps yet another reason to move rapidly beyond current Oil Based fuels.

IT all depends on how much you want to spend to get it out the ground. When the oil age is over, there will still be plenty of left underground.

 

[dmcowen674]

Originally posted by: sandorski
Article

Just stumbled upon this when reading about the current Price spike. Very interesting article showing that reported Reserves seem to be based on things other than actual estimates.

It would seem foolhardy to assume we have what we think we have when it comes to Oil Reserves. Perhaps yet another reason to move rapidly beyond current Oil Based fuels.

Have the inventories fallen below 5 yr highs yet?

Have we run out of oil to refine?

Answers are No and No so it's all continued Bullsh!t.

Speaking of bullshi!t, why are we still on oil and gas in the first place after 1973???

Things that make you hmmmmmmmmmmmmmmmmmmmm

 

[XZeroII]

Perhaps yet another reason to move rapidly beyond current Oil Based fuels

Is anyone arguing that we shouldn't???!

 

[Jeff7]

Originally posted by: charrison
IT all depends on how much you want to spend to get it out the ground. When the oil age is over, there will still be plenty of left underground.

Exactly. The price of extraction continues to rise.
To use an exaggerated example to prove a point, we could look to Saturn's moon Titan for an inexhaustible source of methane. That place is simply covered in hydrocarbons. The problem is, the price of extracting it is immense.
Same here on Earth. There may be plenty of oil left, but the problem is, the best fields have been found already, leaving the more difficult or low-yield ones.

Originally posted by: XZeroII

Perhaps yet another reason to move rapidly beyond current Oil Based fuels

Is anyone arguing that we shouldn't???!

Surely you must be joking. There are far too many people out there who seem to think that oil will just last forever. There are those who believe that we can easily create oil, or those who believe that oil doesn't really come from eons-old organic material - Earth's only 6,000 years old, right? Oil can't be older than that, so we should be able to make it today.:roll: That's just part of why weaning ourselves from the oil addiction is so difficult - enough people think that no problem even exists.

 

[Jamie571]

Originally posted by: Jeff7

Originally posted by: charrison
IT all depends on how much you want to spend to get it out the ground. When the oil age is over, there will still be plenty of left underground.

Exactly. The price of extraction continues to rise.
To use an exaggerated example to prove a point, we could look to Saturn's moon Titan for an inexhaustible source of methane. That place is simply covered in hydrocarbons. The problem is, the price of extracting it is immense.
Same here on Earth. There may be plenty of oil left, but the problem is, the best fields have been found already, leaving the more difficult or low-yield ones.

Originally posted by: XZeroII

Perhaps yet another reason to move rapidly beyond current Oil Based fuels

Is anyone arguing that we shouldn't???!

Surely you must be joking. There are far too many people out there who seem to think that oil will just last forever. There are those who believe that we can easily create oil, or those who believe that oil doesn't really come from eons-old organic material - Earth's only 6,000 years old, right? Oil can't be older than that, so we should be able to make it today.:roll: That's just part of why weaning ourselves from the oil addiction is so difficult - enough people think that no problem even exists.

I work with a person who believes that oil replenishes itself. He goes around telling everyone this and how he has researched it thoroughly.:disgust:

 

[BrownTown]

Well it IS true that oil replinishes itself, the problem is that the process takes a few million years, the rate at which oil is being consumed is orders of magnitude greater than the rate at which it is accumulating.

I guess after oil we still have oil shale and methane hydrate though as sources of organic fuels, plus some good amounts of coal still left.

 

[sandorski]

Originally posted by: dmcowen674

Originally posted by: sandorski
Article

Just stumbled upon this when reading about the current Price spike. Very interesting article showing that reported Reserves seem to be based on things other than actual estimates.

It would seem foolhardy to assume we have what we think we have when it comes to Oil Reserves. Perhaps yet another reason to move rapidly beyond current Oil Based fuels.

Have the inventories fallen below 5 yr highs yet?

Have we run out of oil to refine?

Answers are No and No so it's all continued Bullsh!t.

Speaking of bullshi!t, why are we still on oil and gas in the first place after 1973???

Things that make you hmmmmmmmmmmmmmmmmmmmm

This isn't about the US supply of Crude Oil waiting to be refined. It's mostly about OPECs reported Reserves that are in the ground. Some very questionable numbers are being used. Read the article for details.

 

[sandorski]

Originally posted by: BrownTown
Well it IS true that oil replinishes itself, the problem is that the process takes a few million years, the rate at which oil is being consumed is orders of magnitude greater than the rate at which it is accumulating.

I guess after oil we still have oil shale and methane hydrate though as sources of organic fuels, plus some good amounts of coal still left.

hehe, future cardboard sign on Gas Pump, "Next delivery, 1 million years"

 

[Jeff7]

Originally posted by: Jamie571
I work with a person who believes that oil replenishes itself. He goes around telling everyone this and how he has researched it thoroughly.:disgust:

It's a shame the oil companies haven't figured this out. Once they do, they'd just have to say, "My god we're so stupid, why are we wasting all this money searching for and building rigs to get oil from deep beneath the ocean? The existing oil fields come with free refills! Damn we're dumb."

 

[zephyrprime]

Originally posted by: Jamie571I work with a person who believes that oil replenishes itself. He goes around telling everyone this and how he has researched it thoroughly.:disgust:

It actually does seem to do this in some places. Some oil fields have reopened because of this effect. In any event, the replenishing is not occurring fast enough to meet current consumption by a long shot.

 

[sandorski]

Originally posted by: zephyrprime

Originally posted by: Jamie571I work with a person who believes that oil replenishes itself. He goes around telling everyone this and how he has researched it thoroughly.:disgust:

It actually does seem to do this in some places. Some oil fields have reopened because of this effect. In any event, the replenishing is not occurring fast enough to meet current consumption by a long shot.

That's likely to do with improved extraction technologies or that the Oil Field is fed by some location that has been undiscovered perhaps deeper wells. Way back in the 19th Century it was thought that Oil was not made from decayed plants/animals, but that it was another natural process involving the Earth's Core and other such nonsense. They thhought it was an eternal Natural Resource.

 

[dmcowen674]

Originally posted by: sandorski
They thhought it was an eternal Natural Resource.

The Repubs would like you to still believe that is true.

 

[Strk]

Originally posted by: dmcowen674

Originally posted by: sandorski
They thhought it was an eternal Natural Resource.

The Repubs would like you to still believe that is true.

Exactly what do you do to reduce your oil consumption?

 

[dmcowen674]

Originally posted by: Strk

Originally posted by: dmcowen674

Originally posted by: sandorski
They thhought it was an eternal Natural Resource.

The Repubs would like you to still believe that is true.

Exactly what do you do to reduce your oil consumption?

Only necessary driving, combine or wait till have to drive.

Keep air filters clean, tires filled up.

All light bulbs have been converted to CF.

Insulated as much as possible.

What have you've done lately???

 

[K1052]

Originally posted by: dmcowen674

Originally posted by: Strk

Originally posted by: dmcowen674

Originally posted by: sandorski
They thhought it was an eternal Natural Resource.

The Repubs would like you to still believe that is true.

Exactly what do you do to reduce your oil consumption?

Only necessary driving, combine or wait till have to drive.

Keep air filters clean, tires filled up.

All light bulbs have been converted to CF.

Insulated as much as possible.

What have you've done lately???

Those two do nothing to reduce oil consumption.

How's the yacht running?

 

[dmcowen674]

Originally posted by: K1052

Originally posted by: dmcowen674

Originally posted by: Strk

Originally posted by: dmcowen674

Originally posted by: sandorski
They thhought it was an eternal Natural Resource.

The Repubs would like you to still believe that is true.

Exactly what do you do to reduce your oil consumption?

Only necessary driving, combine or wait till have to drive.

Keep air filters clean, tires filled up.

All light bulbs have been converted to CF.

Insulated as much as possible.

What have you've done lately???

Those two do nothing to reduce oil consumption.

How's the yacht running?

I don't know I don't have it anymore.

 

[kyparrish]

Originally posted by: K1052

Originally posted by: dmcowen674

Originally posted by: Strk

Originally posted by: dmcowen674

Originally posted by: sandorski
They thhought it was an eternal Natural Resource.

The Repubs would like you to still believe that is true.

Exactly what do you do to reduce your oil consumption?

Only necessary driving, combine or wait till have to drive.

Keep air filters clean, tires filled up.

All light bulbs have been converted to CF.

Insulated as much as possible.

What have you've done lately???

Those two do nothing to reduce oil consumption.

How's the yacht running?

Well, technically, if the power plant providing the juice to run the bulbs was being run by fossil fuels (some type of oil or natural gas), it's reducing demand on hydrocarbons and helping the environment. Same goes with the insulation, less heat loss in the winter and keeping the cool air in during the summer helps as well.

If the power plant was using gas turbines, at least you're saving precious natural gas with these 2 simple methods. It might not be "saving oil" in the sense of not pumping out the gas at the pump, but it's a good, small step towards lowering personal energy requirements and a "carbon footprint."

 

[Strk]

Originally posted by: dmcowen674

Originally posted by: Strk

Originally posted by: dmcowen674

Originally posted by: sandorski
They thhought it was an eternal Natural Resource.

The Repubs would like you to still believe that is true.

Exactly what do you do to reduce your oil consumption?

Only necessary driving, combine or wait till have to drive.

Keep air filters clean, tires filled up.

All light bulbs have been converted to CF.

Insulated as much as possible.

What have you've done lately???

It is pretty irrelevant what I do. You're the one who makes post after post about how everything is everyone else's (primarily Dubya's) fault.

If you insist though, I added more insulation. I buy only energy star electronics. I use a space heater, while keeping the rest of the house low. I've had CF bulbs for years. I only do the speed limit on the highway and sometimes I don't even go that fast (probably more like 60mph).