Peak oil production is estimated to be between now and 2010... no later.
We have already reached the era of declining reserves.
No geologist believes we have much more oil.
At present rates of consumption we will have the final oil-energy crunch in 40 years.
With its burgeoning population and emergent economy, China will have a tremendous impact on that inevitable crunch. It is likely we are seeing those effects now.
That's why the great oil powers are at war in foreign deserts over the last big reserves.
There are other great reserves, but they are more difficult, therefore more expensive and less profitable to procure.
It is WAY past time to invest in and develop alternative energy. The oil-based super-powers are to blame for our slow involvement. They are not opposed to alternative energy. They simply want to insure that they retain their monopolies, ergo; their power.
That's what the fighting is all about; NOT religion. Religion is just an excuse.
There are many who believe and have solid evidence that our wars are artificially created solely for the purpose of maintaining control of energy. For that reason alone, it is imperative that we eradicate the influence of religion in government.
Those that have power will use their power to keep it. Their purpose is to maintain control so that they can continue to profit indefinitely.
On the surface, "profit" is not necessarily evil. However, when power from unrestrained profiteering becomes so great that it can adversely affect the lives of every person and everything on the planet, that power inevitably becomes corrupt.
“Absolute power, …corrupts absolutely.”
If you are concerned about our dependence on energy, and indeed, the future of mankind, you must also be concerned with the corporations and governments that control energy.
You must also be concerned with the tools those powers use to manipulate public opinion through monopolized media: religious dogma, fear, false flag operations, invasion of privacy, violation of human rights, and flagrant disregard for ethics and law.
So long as the media is controlled by mega-corporations who want to maintain their power, these atrocities will continue. At present, the only defense civilians have is arduous self-education through reading books and researching information on the internet.
Right NOW, the FCC is trying to usurp and restructure the internet to divide it up between a few major media corporations. These media corporations (and their owners) have consistently demonstrated ulterior motives in cooperation with giant oil corporations and the self-serving criminals in government who support them.
I apologize if this is more information than you asked for. However, we cannot in good conscience, discuss energy problems without a realistic overview of the causes.
2007-07-12 23:27:03
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answer #1
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answered by Aleph Null 5
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It appears that, unbeknownst to most Westerners, there have actually been, for quite some time now, two competing theories concerning the origins of petroleum. One theory claims that oil is an organic 'fossil fuel' deposited in finite quantities near the planet's surface. The other theory claims that oil is continuously generated by natural processes in the Earth's magma. One theory is backed by a massive body of research representing fifty years of intense scientific inquiry. The other theory is an unproven relic of the eighteenth century. One theory anticipates deep oil reserves, refillable oil fields, migratory oil systems, deep sources of generation, and the spontaneous venting of gas and oil. The other theory has a difficult time explaining any such documented phenomena.
So which theory have we in the West, in our infinite wisdom, chosen to embrace? Why, the fundamentally absurd 'Fossil Fuel' theory, of course -- the same theory that the 'Peak Oil' doomsday warnings are based on.
I am sorry to report here, I never did come across any of that "hard science" proving 'Peak Oil'. All the 'Peak Oil' literature that I found, took for granted that petroleum is a non-renewable 'fossil fuel.' That theory is never questioned, nor is any effort made to validate it. It is simply taken to be an established scientific fact, which it quite obviously is not.
The modern Russian-Ukrainian theory of deep, abiotic petroleum origins is not controversial nor presently a matter of academic debate. The period of debate about this extensive body of knowledge has been over for approximately two decades (Simakov 1986). The modern theory is presently applied extensively throughout the former U.S.S.R. as the guiding perspective for petroleum exploration and development projects. There are presently more than 80 oil and gas fields in the Caspian district alone which were explored and developed by applying the perspective of the modern theory and which produce from the crystalline basement rock. (Krayushkin, Chebanenko et al. 1994) Similarly, such exploration in the western Siberia cratonic-rift sedimentary basin has developed 90 petroleum fields of which 80 produce either partly or entirely from the crystalline basement. The exploration and discoveries of the 11 major and 1 giant fields on the northern flank of the Dneiper-Donets basin have already been noted. There are presently deep drilling exploration projects under way in Azerbaijan, Tatarstan, and Asian Siberia directed to testing potential oil and gas reservoirs in the crystalline basement.
This is why the oil fields in the Gulf of Mexico and other areas once thought to be depelted are now found to be full of new oil. The problem comes from extracting the crude at a faster rate then it can be replenished.
2007-07-13 02:01:46
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answer #2
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answered by MtBikr 7
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At current usage rates the proven reserves will last for about 60 years. However, the USGS estimates that between 1 and 2 trillion barrels of recoverable oil remain to be discovered.
2007-07-13 08:57:03
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answer #3
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answered by Anonymous
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You aren't going to like this, but the melting of polar ice caps is opening up access to unexplored offshore areas in the Arctic. The answer to your question is really indeterminate because they haven't given up looking for it.
2007-07-13 07:41:12
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answer #4
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answered by A Toast For Trayvon 4
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There is definitely not an indefinite supply of fossil fuels. Here's a link giving estimates of oil, natural gas, coal, and even uranium.
2007-07-13 03:37:50
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answer #5
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answered by jdkilp 7
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with present speed of consumption
50 years.
2007-07-13 00:40:53
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answer #6
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answered by sunny 2
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i think it will go up to 10 more years
2007-07-13 06:42:37
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answer #7
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answered by Ï S¤D Ï 3
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I hope we run out SOON!
2007-07-13 03:16:32
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answer #8
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answered by thinkGREEN 3
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