Jump to content
Science Forums

Recommended Posts

Below is what I have found. You can do the math

Globally, crude's reserves-to-production ratio has hovered between 40-55 years. The 1P estimate is an estimate of proven reserves, what is likely to be extracted from a well, 90% probability. Probable reserves are given 50% certainty (2P) and possible reserves a 10% certainty (3P).

https://tinyurl.com/yd7cfczq

 https://tinyurl.com/yd7cfczqv 

Overall, global supply fell by 720,000 barrels per day in August, .2017

https://tinyurl.com/yctnaj3f

our forecast horizon we will be in a 104 mb/d market and the call on OPEC crude and stock change rises from 32.2 mb/d in 2016 to 35.8 mb/d in 2022. With the group forecast to add 1.95 mb/d to production capacity in this period, this implies that available spare production capacity will fall below 2 mb/d.https://www.iea.org/Textbase/npsum/oil2017MRSsum.pdf

 Oil is a resource… it will run out

For decades now, the topic of when our oil will run out has been the focus of analysts and industry experts. The concern is real. Oil is a resource and will eventually be depleted. Once we discover and process all sources, there’s nothing else. It’s only a question of time.

 Oil still remains the largest source of primary energy worldwide. According to the U.S. Energy Information Administration, the global supply of oil, bio-fuel and liquid hydrocarbons are still enough to meet the global demand for liquid fuels for another 25 years. The good news is that developing countries are now seriously exploring and using alternative and renewable energy.

 Here’s the latest report on Oil Consumption and Demand.

 1.    The world oil consumption per day is 91.7 million barrels as of May 2014.

 2.    The U.S. is the largest oil consumer in the world, using up 18.83 million barrels a day.

 3.    China uses 10% of the world’s oil. It is expected to overtake the U.S. as the largest oil consumer.

 4.    The global oil demand is expected to increase by 1.3 million barrels a day by late 2014.

 http://www.theworldcounts.com/stories/World-Oil-Consumption-per-Day

 

North Sea is running too dry to meet target

 North Sea is running too dry to meet target

Wednesday July 4, 2007

http://environment.guardian.co.uk/energy/story/0,,2117952,00.html

 The real casus belli: peak oil

Tuesday June 26, 2007

https://tinyurl.com/ydbn6h5w

 Science Panel Finds Fault With Estimates of Coal Supply

Published: June 21, 2007 http://www.nytimes.com/2007/06/21/business/21coal.html

 Chevron announces that they now have 11.8 years of oil left at current production levels after aquiring Unocal reserves

07/08/05

https://tinyurl.com/y9czea39

 An Oil Enigma: Production Falls Even as Reserves Rise

Published: June 12, 2004

http://www.nytimes.com/2004/06/12/business/12RESE.html?pagewanted=3&hp

 "The decline of oil and gas will affect the world population more than climate change"

https://tinyurl.com/y9vjsms2

 In January 2001, the U.S.

Department of Energy estimated the world's supply of unexploited oil reserves the world supply of oil will be totally exhausted 35 years from now (June 2003).

http://members.aol.com/mpwright9/oil.html

 World oil and gas 'running out'

Thursday, October 2, 2003 Posted: 1245 GMT ( 8:45 PM HKT)

https://tinyurl.com/y9vjsms2

 The Oil Crunch

Published: May 7, 2004

The question, instead, is when the trend in oil prices will turn decisively upward. That upward turn is inevitable as a growing world economy confronts a resource in limited supply. But when will it happen? Maybe it already has.

http://www.nytimes.com/2004/05/07/opinion/07KRUG.html

 Natural gas markets undergo turbulent transition as domestic production declines

Tuesday, December 16, 2003

https://tinyurl.com/ybpe8z7o

 "Texas' oil resource is pretty well picked over," 

https://tinyurl.com/y7zcarzf

 Oman's Oil Yield Long in Decline, Shell Data Show

Published: April 8, 2004

http://www.nytimes.com/2004/04/08/business/08OIL.html?hp

 Half of Texas’s oil wells have dried up in the past 40 years and there are very few new ones.

https://tinyurl.com/y7zcarzf

 Tight Oil Supply Won't Ease Soon

Published: May 16, 2004

Two dollars for a gallon of gas? Get used to it. High fuel prices are here to stay, at least for the near future, because no relief is in sight for tight oil supplies.

https://tinyurl.com/ylpmx5z

 The end of the Fossil Fuel era is upon us so what are we going to do next-?

Link to post
Share on other sites
Posted (edited)

Climate Change will not bring about our end~~ but this will; within your grandchild’s life time

 The climate has been changing since day one & it will continue to change, with or without us!!!

Today’s real issue is ENERGY, so let’s get together and fix this while we still can

 The end of the Fossil Fuel era is upon us so what are we going to do next-?
Energy information Administration Official Energy Statistics from the US government
http://www.eia.doe.gov/oiaf/forecasting.html 

The above report indicates that the US will be using primarily oil as our main energy source through 2030. 

The world's total declared reserves are 1,317,400,000,000 barrels (January 2007). 
http://en.wikipedia.org/wiki/Oil_reserves 

World oil consumption 2005 is 80,290,000 barrels per day or 29,305,850,000 per year 
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2174rank.html 

Dividing annual consumption into total reserves gives us 44.9 years of oil supply at the current consumption rate.

That was eleven (14)years ago, we are not changing our habits and this spells doom for us all. 

Edited by atomsmasher
Link to post
Share on other sites

Nuclear Power, Solar Power, and Hydroelectric power will become dominate after we run out of Oil. Furthermore, you can always combust Biodiesel which is methylated vegetable fats and make infinite amounts of it from plant oils, sulfuric acid, and methanol.

 

Biodiesel-production-schematic-f282d90a.

 

The Depletion of oil is far lesser a crisis than what the news and media make it out to be.

download.jpg

Edited by VictorMedvil
Link to post
Share on other sites
Posted (edited)
11 hours ago, VictorMedvil said:

Nuclear Power, Solar Power, and Hydroelectric power will become dominate after we run out of Oil. Furthermore, you can always combust Biodiesel which is methylated vegetable fats and make infinite amounts of it from plant oils, sulfuric acid, and methanol.

The world is already using Nuclear Power, Solar Power, and Hydroelectric power to its max output.

Some are also trying to get some energy out of wave action.

But do not let this concern you, the engineers who cover this for a living are working on solutions. After saying this I must add that I should not have brought this up in the first place.

Still the transition will be a tuff one. Many of the products we get from oil will be gone, for example plastics and some medical contributions.

Being new here I just thought I would stir the pot

According to the US Energy Information Administration (EIA), this is a list of petroleum products and their share of total US petroleum consumption in 2013.

  • Gasoline 46%
  • Heating Oil / Diesel Fuel 20%
  • Jet Fuel ( kerosene) 8%
  • Propane / Propylene 7%
  • NGL / LRG 6%
  • Still Gas 4%
  • Petrochemical Feedstocks 2%
  • Petroleum Coke 2%
  • Residual / Heavy Fuel Oil 2%
  • Asphalt / Road Oil 2%
  • Lubricants 1%
  • Miscellaneous Products / Special Naphthas 0.4%
  • Other Liquids 1%
  • Aviation Gasoline 0.1%
  • Waxes 0.04%
  • Kerosene 0.02%
Edited by atomsmasher
Link to post
Share on other sites
16 minutes ago, atomsmasher said:

I can only hope you are right

But the facts say otherwise

end of oil - Google Search

 

I have a question for you is every section of land and water on the entire planet covered in solar panels? Then obviously that is retarded to say we are using all of solar power's capacity. The Scale is starting to measure that you are a crank on my crankometer.

Edited by VictorMedvil
Link to post
Share on other sites
21 minutes ago, VictorMedvil said:

I have a question for you

And I have one for you--

If you –

Take all the energy we are now getting from fossil fuels, oil & gas, and compare this to the amount of solar energy we are getting, or could get, do you honestly believe solar panels will supply our future energy needs?

Link to post
Share on other sites
28 minutes ago, atomsmasher said:

And I have one for you--

If you –

Take all the energy we are now getting from fossil fuels, oil & gas, and compare this to the amount of solar energy we are getting, or could get, do you honestly believe solar panels will supply our future energy needs?

Solar, Nuclear, Hydroelectric, and Biofuels can supply the world, I believe, until we start to mine other planets and asteroids.

Untitled.png

Untitled.png

Edited by VictorMedvil
Link to post
Share on other sites

I opened this discussion just to start a discussion, nothing more.

The world is running out of fossil fuels, this is a fact.

The transition will be a rocky road with lots of big bumps along the way.

This too is a fact.

There is nothing you or I can do to change the outcome.

VictorMedvil, thanks for contributing to this topic.

bye

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
×
×
  • Create New...