Are we going to run out of oil any time soon???

Question

...tom science

Answer 1

They use to estimate we'd run out in 2080 to 2090....don't think that has changed much except that China and India are increasing their demands, but we are also getting more efficient and finding more reserves.

Answer 2

I don't think so,we still have oil sources we have'nt heard of and other ways of acquiring it. Although oil will get more expensive because demand will always rise and it will always be a bargaining chip for immoral nations. The best thing for the US to do is to invest as much money as possible to alternative energy sources and see if we can be the pioneers we once were in the early 20th century by coming up with something better and more efficient than burning oil in an enclosed space and harnessing the explosion. This is over 200 year old technology, we can do better, and once we do, we will take the power out of the hands of foreign nations and terrorists and put it where it belongs, in American hands. Once we do, if you still want to drive your 79' Trans Am that gets 11 MPG, well go ahead, because by then, gas will probably be reduced to one dollar or less a gallon due to the new technology.

Answer 3

We may or we may not. I know that some countries have a lot of oil that they haven't tapped into for no reason other than it is not financially viable.

In Australia there is so much oil but they do not know how to drill it properly. If they can figure that out and start drilling then it will certainly be a lot cheaper for us. We currently buy oil from the US and it equates to nearly $100 for every barrell we get while the US if paying only $75.

I guess it's just a point of countries realising that with the increasing fuel prices it will be more economical to start drilling within their own countries. The initial set up may be a loss but to think of the jobs that will be created etc it can only benefit everyone.

Answer 4

If there is a regional war in Arab countries, then oil prices will climb, and there may be a shortage of oil for a moment.
Just hope there is some sort of a ceasefire.
Hope that scientists can make other sources of power more viable and industries to make the other sources cheaper.
We as consumers can try to cut down our power consumption.
I may be parochial, pardon me if I don't see the macropicture.

P/S There are oil sources in other countries, eg. Brunei, China, Japan. Just hope that other sources step up their production and rely less on volatile Middle East.
Oil is a precious commodity in China and India. They are so hungry for oil. Same goes to the developed countries, I think.
Just hope for the best.

Answer 5

Define 'soon '- certainly we are consuming oil at an ever increasing rate. However, there is developing technology which will reduce our oil consumption over time. A problem is the cost of this technology, and its transferability to lesser developed societies. The real problem is the cost of fuel in the shorter term and the economic and political/geopolitical ramifications of conversion from oil to an alternate source. (Think middle east...) Fossil fuels will be a major part of the world for an indefinite time....long after we and our kids and grand kids are gone.

Answer 6

Within the next 100 years? NO. But my grandchildren and great-grandchildren will have to contend with the result of burning a trillion gallons of gasoline over the next 50 years.

Global warming will raise the ocean levels about 50-60 feet when Antarctica melts off its ice cap. When Greenland and the Arctic melt then it will at another 15-30 feet to that.

Once that happens it is anybodies guess as to what will happen to the weather. It is the considered opinion of most of the weather specialists that it will suddenly create an Ice Age equal or worse than the last one roughly 13000 years ago. And that Ice Age will last as long as 20000 years.

You should see the movie "An Inconvenient Truth" Trailer link below.
Politics aside, everything that is in the movie, I have personally verified as being true. Not just a maybe or a could be but very bone chillingly true.

I don't want to think of my grand-children having to go through what is predicted by this movie. DO YOU?????

Solutions Cut back on green house gas CO2 and others as much as possible, NOW -- RIGHT NOW!!! Drive less. Walk more. Demand low CO2 emission public transit. Demand Low CO2 emission cars. Demand zero CO2 emission power production.

It must happen now or our grand-children will pay the price. Not us.

ARE WE THAT SELFISH?????

What will happen if indeed there is another Ice Age? Assuming onset in 2095 and full blown at 2125 what will be the results? And assuming a population of 8.5 billion. Within the first 5-10 years more than 3 billion people will die as grain food production goes to nearly zero. Within the next 5 years another 3-4 billion people will die. With about 1 billion people left at 2120 another 750 million. will die. That will leave about 250 million at 2125.
As the ice age continues to get deeper those figures will drop to under 20 million. Mankinds existance will be in jeparday. with in another 5 years another 15-18 million will die. Leaving maybe 2-5 million people to continue for the balance of an ice age that will last 7000 to 20000 years.

These figures come from various sources but are reasonable predictions based upon the amount of food that will be available.

We are polluting our planet faster than has ever happened in mankinds recorded history. We need to turn that around now or face the consiquences.

Answer 7

John Stossel did a report on ABC's 20/20 called "are we really running out of oil". He found out that not only are we not running out of oil but we have enough to last forever.

In Calgary Alberta Canada there is enough oil to last over ten billion years. Recent scientist's have actually said that the earth produces oil, and it's not a fossil fuel.

The myth about are we running out of oil is just that, a myth.http://abcnews.go.com/2020/Stossel/story?id=1954572&page=1

Answer 8

NO...oil is one of the most plentiful resources our planet has to offer.. An example of this.....In 198?...American Scientists checked the oil table in a section of California... the results concluded that there was about 90 million barrels of oil in that vicinity...in 2000...they checked the table again....and guess what????.....there was over 800 million barrels of oil under the surface......need i say more?

Answer 9

I hope so. I want us to FINALLY use the renewable technology that we discovered over a decade or so ago. Solar, wind, water; lasts forever, and are non polluting...but who makes money off of that? Read: corporations

WHY PAY ALL THIS $, AND POLLUTE THE WORLD? WE KNOW HOW TO FIX IT...

There is a greener way...recharge yourself.

A passion of mine...food for thought.

PS Remy, I would LOVE to know where you got the fact of the earth produces oil spontaneously??

Answer 10

No, there's a bunch under Alaska and the mountain states - Colorado and Wyoming. The libs won't let us dig for it because they don't understand true conservation or want anything related to capitolism.

What we really need are a couple of new refineries.

Screw the Caribou, drill Alaska!