When will storages of oil, natural gas come to an end if use is continued in this manner? How to prevent it?

Answer 1

Well, there is the theory of Peak Oil or Hubbert's Peak which has over time proven to be quite accurate. Until the actual "peak" occured in 2001-2003, this was publicly denounced by the oil and gas community as crazy up to a year or two ago. However, for about 5 years the Saudi's would not report on the status of their oil fields, a secret report was generated, and various agencies of various governments discovered that they had "peaked" in about 2001. After that became publicly available, oil & gas producers no longer state that it's a crazy idea, they just
prefer not to talk about it at all.

As far as prevention, simple, stop using so much of it. The market will allow for some of this, but it's long past time to buy a Prius and hold your Exxon stock.

Let's assume for a moment that, we just keep doing business as usual , once it's clear that Saudi Arabia's days are numbered in the very low double digits, prices will start to reflect reality.

There will be changes in the marketplace to accomodate this, predominantly a change to LNG (liquified natural gas), an improvement over oil but at about 3 times the cost with all the same geopolitical risks.

Cars as such will either be getting 50 MPG or you just won't be able to affort to drive one, Europe and the rest of the planet, basically have long since gotten used to gasoline prices 4 and 5 times what the US citizenry are used to paying. More than 1/2 of this is in the form of taxes designed to wean people off of gasoline and using of mass transit. It will probably go similarly in the US, where fuel oil/gas simply becomes unafordable as a primary means of heating one's house, getting to work , or powering your laptop.

What we need to do practically speaking is rethink our use of energy. Stop having two person families living in 5000' houses 50 driving miles from their workplaces.

Immediate funding of research into making fusion containment practical and useful as a means of energy production. As R&D projects go , it's extremely important to have this sooner rather than later to address the needs for the big 5 or 10 technologically dependent/industrialized nations.



This would be the most significant advance in energy production in the last 200 years and possibly in the history of mankind if it works well.

Until then, many in the US and elsewhere had better warm up to the idea of nuclear power plants.

Answer 2

I think that oil and natural gas is one natural resource which has not been tapped to the fullest.It is only in the last decade and so with the advent of scientific knowledge and new technologies like remote sourcing satellites,some of the rich oil and gas producing wells has been tapped.Most of these has been found on land and most of the regions rich in oil and natural gas which is supposed to be located in the seas and oceans of the planet has not been drilled yet.So i feel that by tapping these resources in the years to come we will still be able to produce plentiful of oil and natural gas which will be sufficient for the centuries ahead.Another way is to use more diversified resources which is available aplenty in nature.Some of these are solar energy,thermal energy,bio gas and fuel extracted from plants.

Answer 3

When people stop using oil for fuel and other things. Increased use of Solar energy vegetable oils etc. and planting more trees will reduce crude oil usage and reduce pollution.

Answer 4

oil stock will get over by 2020 and coal stock by 150 years from now. Well to prevent this , v will certainly have to use thm judiciously!! Do ride on bicycle or Yo Bike if u wanna save it!!!!