Yes, no, and maybe. Who can see the future with any certainty?
Part of the difficulty in answering a question like this is that it is difficult to tell exactly how much oil there is in the ground. Some people use speculative figures based on regional oil contents and assuming that there's certain amounts of 'unfound' oil kicking around. Others calculate only from what we're sure is there.
Another part of the difficulty is that nobody is sure exactly how much is being used. Some governements and organizations buy MORE than they use so they can stockpile against shortages. Secret stockpiles of petroleum are not usually advertised.
To make the question even harder, there are other factors to consider. Some technologies are developing that may be able to turn previously unusable oil reserves into usable ones (like oil that is too dense to pump or stored within the structure of other materials). Some are developing that replace the need for oil in the first place (like alternative energy plants and smaller electrical devices which are usually much more energy efficient). There are even those working on ways to produce oil where none existed before (like genetically engineering oil-producing plankton and digesting garbage into fuel oil). But there is also the distinct possibility that new technologies also arise to give us newer ways to consume energy and greater needs for oil and petroleum (cheap devices mean more people have them!).
Having said all that, running out of cheap, easy-to-find-and-use oil is a very distinct possibility in the near future. But for many of the reasons above, this doesn't necessarily mean the end of the world as we know it, and may not even be a noticeable bump. Still, better to plan for disaster than be taken by surprise by one!
2007-01-11 09:58:16
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answer #1
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answered by Doctor Why 7
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It is not true. There is oil almost everywhere in varying quantities. And yes, people do have a good idea of how much. Even by then, there should be enough oil to last over 100 years. That myth has been made to make it seem like oil and gas is worth more than what it really is.
What we are hopinh for is that we don't have to use oil anymore by then at the amount that we are today (9 million barrels a day). The internal combustion engine is over 50 years out of date. It is time for a swift change in transportation.
Lastly, i would like to say that we ARE on the brink of something major happening in the transportation within this year or the next. Trust me, many automobiles are being attacked from all sides AND, very interestingly, Honda has produced a hydrogen vehicle that comes with a generator that re"hydrogenizes" your car WHILE powering your house. I don't know what it's called but look it up.
2007-01-11 10:04:47
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answer #2
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answered by tenacious_d2008 2
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Yes, those are estimates i've seen in official ststistics. Didn't UNESCO state that this is the last century of oil?
Of course, some of oil will be left, but in small quantities and difficult to reach (in exhausted wells, where more than 98% of the stream would be produced water, and only less than 25 - oil; under the ocean at big depth). This would make oil (as fossil fuel) extremely expensive.
2007-01-12 02:45:32
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answer #3
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answered by Lolabola 2
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that's a pretty pessimistic estimate. There's a lot of oil down in the groud, but the supply is finite, and the remaining oil is going to be harder and harder to extract. Right now we just dig holes and tap into big pools of liquid oil, but as the liquid runs out we're going to run into deposits where the oil is absorbed in or mixed in with rocks and sand and will have to be mechanically or chemically separated.
How long will it all last? That depends on the demand & use. Use of oil is increasing everywhere throughout the world. We probably won't run out in 40 years, but it might become prohibitively expensive to use it as much as we do now.
Some professionals estimate that Saudi Arabia has already hit "Peak Oil", meaning that they've hit their halfway point and that they only have half of their oil left in the ground.
2007-01-11 11:40:00
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answer #4
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answered by tedschram 2
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No, that's not true.
What *is* true is that it's getting harder and harder to find easily-extractable oil...many of the remaining large deposits are hard to get to, very deep, mixed with hard-to-seperate minerals, etc.
The whole oil thing is so silly -- we could easily switch over to bio-fuels in a few years, and be completely self-sustaining. No more depending on the middle east for our energy, no more wars over oil fields, much less pollution. And we could do it TODAY -- it's just that the powerful oil companies and the politicians they have in their pockets won't let it happen :(
2007-01-11 10:00:06
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answer #5
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answered by Anonymous
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The gas is more cost-effective because the election is around the nook. human beings have short thoughts. the low-cost gas problem round election time takes position many times and over. anticipate gas to be around the $3.25 mark round Christmas. Guarnateed. ABC information stated 2 months in the past that OPEC had drawn up significant plans many years in the past to majorly administration the provision of oil. therefore, manipulating expenditures and revenue. They uncovered many information to diminish back that declare up. i do not imagine 9/11 had something to do with Iraq. No connections were made between Saddam Hussein's regime and terrorists. He actual seen extremists as a chance to his ability. therefore, i do not imagine it had something to do with oil. the reason of the invasion in Iraq is complicated to pinpoint. It has to do with dozens of years of historic past between the U.S. authorities and regimes in that area. George W. Bush became basically the guy to convey the priority to a head through having Cheney manufacture pretend information about guns of mass destruction and featuring this to the U.N. And sure, there are similarities between this conflict and the Vietnam conflict.
2016-10-17 00:55:59
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answer #6
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answered by ? 4
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Probably not, but no one really knows because they keep finding new oil fields. If you go back 30 years or so people were saying we'd be out of oil by 2000. Well we're not.
2007-01-11 09:59:48
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answer #7
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answered by jkm65 2
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In current consumption, yes, it may be. But people will find something alternate replacement. I believe coin oil is one of them.
So I believe we will use less and less oil. There still have lot deep in the ocean but too expensive to dig it out or not worth anymore if oil price falling down.
2007-01-11 10:31:12
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answer #8
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answered by HaveANiceDay 2
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Wrong The earth recycles our air with plants and a process called photosynthesis . The plants take in CO2 and keeps the C and gives us back O2 . Now trace the C that the plants keep ,the CO2 accelerate the growth of the plants . The more CO2 the more food for the plant and more growth. Then winter comes and the leaves die and fall off and are washed down the rivers to the delta where they deteriorate to Gas ,Oil , and coal. This recycle has happened for millions of years and u want to change it.
2007-01-11 11:23:16
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answer #9
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answered by JOHNNIE B 7
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The truth is that no one really knows how much is left.
Try watching "Who Killed the Electric Car" -- it's an amazing documentary that will make you ticked off at the oil industry.
We NEED an alternative.
2007-01-11 09:58:15
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answer #10
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answered by FaZizzle 7
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