End of Oil is at our door step; what next?

[skookerasbil]

[Can't wait for you to post the answer.

Below is what I have found. You can do the math; nothing has changed

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
Global oil demand to exceed expectations in 2017, says IEA; OPEC cuts supply

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

Every year, we get a handful of threads in here from a retro-Malthusian guy. Those who tend to the hysterical always seem to find this forum.

Heres the problem....nobody cares about this. There is overwhelming evidence. One of many is the laughably low interest from the public un EV's. Nobody wants these cares....Ford sold more sedan/hatchback Focus models than all EV's combined last year.. Action on climate change in the past 10 years = zero. The public routinely dismisses the bomb throwers.....which makes the entire point of this thread moot. Maybe one day people will be concerned about fossil fuels going away....but by that time, every swinging dick in this forum will have already spent a looooooong time in their box!

 

[skookerasbil]

Germany going renewable

Germany nearly reached 100 percent renewable power on Sunday
by Craig Morris

11 May 2016
After surpassing 80 percent renewable electricity for a few hours last year, Germany may have briefly reached around 95 percent on May 8. But the news is not only cause for celebration – a boundary has also been crossed. We are now entering the hard territory. Craig Morris explains.

On Monday, both Agora Energiewende (a Berlin-based think tank) and Clean Energy Wire (an associated communications team) announced that renewable electricity “probably” covered more than 90 percent of power demand at 58 GW for a couple of hours on Sunday. Yet Agora’s press spokesperson was notably circumspect: “It is far from certain the share was above 90 percent.” He was cautious for good reason. By the end of the day, Agora’s website showed a much different estimate of power demand peaking at 68 GW.
https://tinyurl.com/mm9zkt7

-

Lol.....every climate crusader gets duped by the matrix on Germany.

New York Times, October 2018 >>

Why ‘Green’ Germany Remains Addicted to Coal

Doy

The climate crusaders dont even realize that in America, solar energy provides us with well less than 2% of our electricity!. Throw in wind and it's a daunting 6%.. I mean....c'mon now.....duh.....the shit is waaaaaaaay too expensive. The German people found that out the hard way a few years back and have been building clean coal plants ever since!

 

[Likkmee]

Oil will still be in the ground long after humanity kills itself

 

[watchingfromafar]

Every year, we get a handful of threads in here from a retro-Malthusian guy. Those who tend to the hysterical always seem to find this forum.

Is that why you post here-?

Heres the problem....nobody cares about this.

You only speak for yourself, to say you know what others think is laughable.

There is overwhelming evidence. One of many is the laughably low interest from the public un EV's. Nobody wants these cares...Ford sold more sedan/hatchback Focus models than all EV's combined last year....

You missed the point; at the current consumption rate the world will be out of oil in 20-30 years. Between then and now we will continue to buy conventional cars/trucks and with luck we be ready to switch to renewables when the need arrives.

. .,.,.....which makes the entire point of this thread moot..

Maybe one day people will be concerned about fossil fuels going away....but by that time, every swinging dick in this forum will have already spent a looooooong time in their box!

But my children and grandchildren will be here but being the "swinging dick" you are, your response is;so what.

skookerasbil. since you don't like this topic I suggest you just stay away

bye -

-

 

[Toddsterpatriot]

Every year, we get a handful of threads in here from a retro-Malthusian guy. Those who tend to the hysterical always seem to find this forum.

Is that why you post here-?

Heres the problem....nobody cares about this.

You only speak for yourself, to say you know what others think is laughable.

There is overwhelming evidence. One of many is the laughably low interest from the public un EV's. Nobody wants these cares...Ford sold more sedan/hatchback Focus models than all EV's combined last year....

You missed the point; at the current consumption rate the world will be out of oil in 20-30 years. Between then and now we will continue to buy conventional cars/trucks and with luck we be ready to switch to renewables when the need arrives.

. .,.,.....which makes the entire point of this thread moot..

Maybe one day people will be concerned about fossil fuels going away....but by that time, every swinging dick in this forum will have already spent a looooooong time in their box!

But my children and grandchildren will be here but being the "swinging dick" you are, your response is;so what.

skookerasbil. since you don't like this topic I suggest you just stay away

bye -

-

You missed the point; at the current consumption rate the world will be out of oil in 20-30 years.

Your math, and your understanding of human progress, is weak.

 

[Marion Morrison]

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 (11)years ago, we are not changing our habits and this spells doom for us all.

Do you have any suggestions--?

Libya will be an interesting place to watch.

· Libya’s current production rate is 1.8 million barrels of oil a day

· At that rate Libya will exhaust all its reserves within 63 years

· Existing oil fields undergoing a 7–8% decline rate

They have highways and freeways and use cars and trucks just like the rest of us do.

But up until now gas was pretty much free.

If there is going to be a drive to manufacture electric and hybrid cars for local consumption

now is the time for Libya to use its cash reserves and invest in local production of the next generation power systems.

At least in the US we have the cash and will to build a new future for America and the

people are willing to do their part too. Anyway

I hope people are trying to think this through?

Thank you all for participating in this discussion—

Oil is all done! No it's not, STFU, derp!

 

[bripat9643]

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 (11)years ago, we are not changing our habits and this spells doom for us all.

Do you have any suggestions--?

Libya will be an interesting place to watch.

· Libya’s current production rate is 1.8 million barrels of oil a day

· At that rate Libya will exhaust all its reserves within 63 years

· Existing oil fields undergoing a 7–8% decline rate

They have highways and freeways and use cars and trucks just like the rest of us do.

But up until now gas was pretty much free.

If there is going to be a drive to manufacture electric and hybrid cars for local consumption

now is the time for Libya to use its cash reserves and invest in local production of the next generation power systems.

At least in the US we have the cash and will to build a new future for America and the

people are willing to do their part too. Anyway

I hope people are trying to think this through?

Thank you all for participating in this discussion—

The end of oil was first predicted to occur in 1970. It's 50 years later.

 

[Dekster]

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 (11)years ago, we are not changing our habits and this spells doom for us all.

Do you have any suggestions--?

Libya will be an interesting place to watch.

· Libya’s current production rate is 1.8 million barrels of oil a day

· At that rate Libya will exhaust all its reserves within 63 years

· Existing oil fields undergoing a 7–8% decline rate

They have highways and freeways and use cars and trucks just like the rest of us do.

But up until now gas was pretty much free.

If there is going to be a drive to manufacture electric and hybrid cars for local consumption

now is the time for Libya to use its cash reserves and invest in local production of the next generation power systems.

At least in the US we have the cash and will to build a new future for America and the

people are willing to do their part too. Anyway

I hope people are trying to think this through?

Thank you all for participating in this discussion—

The US has about 250-300 years worth of oil at the very least and fracking technology extends that even further. This is a problem for little "enlightened" countries, not the US of A.

 

[skookerasbil]

Every year, we get a handful of threads in here from a retro-Malthusian guy. Those who tend to the hysterical always seem to find this forum.

Is that why you post here-?

Heres the problem....nobody cares about this.

You only speak for yourself, to say you know what others think is laughable.

There is overwhelming evidence. One of many is the laughably low interest from the public un EV's. Nobody wants these cares...Ford sold more sedan/hatchback Focus models than all EV's combined last year....

You missed the point; at the current consumption rate the world will be out of oil in 20-30 years. Between then and now we will continue to buy conventional cars/trucks and with luck we be ready to switch to renewables when the need arrives.

. .,.,.....which makes the entire point of this thread moot..

Maybe one day people will be concerned about fossil fuels going away....but by that time, every swinging dick in this forum will have already spent a looooooong time in their box!

But my children and grandchildren will be here but being the "swinging dick" you are, your response is;so what.

skookerasbil. since you don't like this topic I suggest you just stay away

bye -

-

Really now s0n? Is that a fact?

Not according to the Obama 2017 EIA Projection report which still has renewable energy providing just 10-12% of our electricity by 2040......oil and coal still dominating the energy landscape. I think I'll go with their assessment instead of yours.

s0n......time to go out and get some real responsibilities in life. This way, you don't worry about st00pid shit.

 

[SSDD]

IS crude oil organic?

Google question: 30,500,000 RESULTS

Crude oil consists almost entirely of carbon-based molecules. Anything with carbon in usually considered organic.

~~

Crude oil, commonly known as petroleum, is a liquid found within the Earth comprised of hydrocarbons, organic compounds and small amounts of metal. While hydrocarbons are usually the primary component of crude oil, their composition can vary from 50%-97% depending on the type of crude oil and how it is extracted.

https://tinyurl.com/ydetoegy

I think the answer is maybe in my view -

b.t.w. Fossil fuels are finite. Totaling the "known" quantiles of fossil fuels, at the current consumption rate, we will burn it all up within 40 years. I will not live long enough to see this happen, so should I care -

Do a quick search on the lakes of Titan...vast pools of liquid ethane and methane...carbon based molecules where there is no life...there are giant methane storms in the atmosphere of uranus...

Thinking that carbon based molecules only have organic sources is a tragic misconception...most of the outer planets in our solar system are proof that it is a misconception...unless you believe that most of the outer planets are teeming with life.

 

[SSDD]

Same way it forms on planets that have never supported life...chemical and geological processes deep in the mantle of the planet. You believe in peak oil? Let me guess....you do. Of course it is necessary that people believe that line of crap...what would happen to oil prices should people wake up to the fact that it is never going to run out?

Boy are you stupid. You insist oil isn't fossil fuel and that it'll never run out. To back up that claim, you point to oil on other planets that never had life... except there is no oil on other planets.

Since we have not seriously explored any other planet, that would be an impossible request to meet...of course claiming that there is nothing like oil on planets that have vast quantities of ethane and methane that we haven't explored is a stupid claim to make. I suppose it results from actually believing lies told to you by people who have a product that they want to sell for as much money as they can get for it...and it would be worth considerably less if people knew that the supply were practically endless.

 

[watchingfromafar]

Oil is all done! No it's not, STFU, derp!

Marion Morrison, I've done the math, your response was a bit childish but hay, children play here too.

How much oil is left-?
Update:

Known oil reserves
1,651,000,000,000
Annual consumption of oil
31,536,000,000
1,651,000,000,000 / 31,536,000,000 = 52.3528665652 years.
= 52.3528665652 years.

96.56X365=35,244 BARRELS OF OIL CONSUMED IN 2016
Oil - global consumption in barrels per day 2017 | Statistic

New estimates of worldwide crude oil reserves total 1.651 trillion bbl
https://tinyurl.com/yc88h7h2

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
U.S. Energy Information Administration (EIA) - Analysis & Projections

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).
Oil reserves - Wikipedia

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 (12)years ago, we are not changing our habits and this spells doom for us all.

Do you have any suggestions--?
Libya will be an interesting place to watch.
· Libya’s current production rate is 1.8 million barrels of oil a day
· At that rate Libya will exhaust all its reserves within 63 years
· Existing oil fields undergoing a 7–8% decline rate
They have highways and freeways and use cars and trucks just like the rest of us do.

But up until now gas was pretty much free.

If there is going to be a drive to manufacture electric and hybrid cars for local consumption

now is the time for Libya to use its cash reserves and invest in local production of the next generation power systems.

At least in the US we have the cash and will to build a new future for America and the

people are willing to do their part too. Anyway

I hope people are trying to think this through?
-

 

[Deplorable Yankee]

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 (11)years ago, we are not changing our habits and this spells doom for us all.

Do you have any suggestions--?

Libya will be an interesting place to watch.

· Libya’s current production rate is 1.8 million barrels of oil a day

· At that rate Libya will exhaust all its reserves within 63 years

· Existing oil fields undergoing a 7–8% decline rate

They have highways and freeways and use cars and trucks just like the rest of us do.

But up until now gas was pretty much free.

If there is going to be a drive to manufacture electric and hybrid cars for local consumption

now is the time for Libya to use its cash reserves and invest in local production of the next generation power systems.

At least in the US we have the cash and will to build a new future for America and the

people are willing to do their part too. Anyway

I hope people are trying to think this through?

Thank you all for participating in this discussion—

peak oil
some one get t boone picken on the phone

hello mr pickens

derp

 

[Pilot1]

In recent years we have found the largest oil and natural gas fields in history and in the UNITED STATES.

The U.S. Geological Survey recently discovered the largest continuous oil and gas deposit ever found in the United States, officials said Tuesday.

The agency announced that the Wolfcamp shale, located in the Midland Basin portion of Texas’ Permian Basin, contains 20 billion barrels of oil and 1.6 billion barrels of natural gas liquid.

The Permian Basin is one of the most productive oil and gas areas in the country, and more than 3,000 horizontal wells have been drilled in the Wolfcamp shale section, the agency said in a statement.

“The fact that this is the largest assessment of continuous oil we have ever done just goes to show that, even in areas that have produced billions of barrels of oil, there is still the potential to find billions more,” said Walter Guidroz, program coordinator for the U.S. Geological Survey (USGS) Energy Resources Program.

USGS: Largest oil deposit ever found in U.S. discovered in Texas

Even USA Today had to report it! And we are finding more oil and gas fields in the U.S. every year, both on and OFFSHORE! Along with new technology with extraction, we now have centuries of fossil fuels available, and finding more every day. Much of our oil supply goes to the PRODUCTION OF PLASTIC. Yes that computer, I Pad, or your precious smart phone that you can't live without is largely MADE FROM OIL.

 

[watchingfromafar]

Marion Morrison, I've done the math, your response was a bit childish but hay, children play here too.

Google "end of oil"
This Is The End of The Fossil Fuel Age as We Know It, Says Report
BEC CREW

16 JUN 2016
Fossil fuels are holding on, but end of their reign is nigh, says a new report from Bloomberg New Energy Finance, which predicts that wind and solar will be cheaper than coal and gas generators by 2027, and electric vehicles could make up 25 percent of the global car fleet by 2040.

The peak year for coal, gas, and oil looks to be 2025, and then it’s all downhill from there. For big oil guys, at least. "You can't fight the future," says lead researcher, Seb Henbest. "The economics are increasingly locked in."

Released on Monday, Bloomberg’s New Energy Outlook report has found that US $11.4 trillion will be invested in new energy sources over the next 25 years, and two thirds of that will go towards renewables, particularly wind and solar.

Any new coal plants will mostly be cropping up in India and other emerging markets in Asia.

The report explains:
"Cheaper coal and cheaper gas will not derail the transformation and decarbonisation of the world’s power systems. By 2040, zero-emission energy sources will make up 60 percent of installed capacity.

Wind and solar will account for 64 percent of the 8.6TW [1 Terawatt = 1,000 Gigawatts] of new power generating capacity added worldwide over the next 25 years, and for almost 60 percent of the $11.4 trillion invested."

The report predicts that coal, gas, and oil will peak by 2025, and will hit its final decline even sooner than that, concluding that, "coal and gas will begin their terminal decline in less than a decade".

By 2027, the real tipping point will occur, when fossil fuels will be well and truly on the decline and renewables have been established long enough that they’ll likely be generating energy more cheaply than existing coal, gas, and oil refineries. And there’s nothing quite like a cheaper price to accelerate an industry even further.
This Is The End of The Fossil Fuel Age as We Know It, Says Report

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

World governments vow to end fossil fuel era at UN climate signing ceremony
Representatives of more than 170 countries endorse Paris agreement to cut carbon emissions, with France’s president saying: ‘There is no turning back’
World governments vow to end fossil fuel era at UN climate signing ceremony
-

 

[watchingfromafar]

Marion Morrison, I've done the math, your response was a bit childish but hay, children play here too.

The article you, Marion Morrison referenced stated that The agency announced that the Wolfcamp shale, located in the Midland Basin portion of Texas’ Permian Basin, contains 20 billion barrels of oil

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

The world consumes 29,305,850,000 barrels of oil a year (and rising) 0.68 of a year or 8 months.

20,000,000,000/29,305,850,000= 8 months.
It's a great find but it will not save the day

-

 

[watchingfromafar]

Yes that computer, I Pad, or your precious smart phone that you can't live without is largely MADE FROM OIL.

As well as plastics
-

 

[Wuwei]

we are finding more oil and gas fields in the U.S. every year, both on and OFFSHORE! Along with new technology with extraction, we now have centuries of fossil fuels available, and finding more every day.

The new finds of oil are more and more expensive to extract. We will never run out of oil. But when it takes the energy of one barrel of oil to extract one barrel, it's futile. However it's different with plastics. You get something tangible from the oil and not the wastefulness of burning it.


.


.

 

[Pilot1]

we are finding more oil and gas fields in the U.S. every year, both on and OFFSHORE! Along with new technology with extraction, we now have centuries of fossil fuels available, and finding more every day.

The new finds of oil are more and more expensive to extract. We will never run out of oil. But when it takes the energy of one barrel of oil to extract one barrel, it's futile. However it's different with plastics. You get something tangible from the oil and not the wastefulness of burning it.
.

Burning fossil fuel is wasteful? You do realize that ENERGY is a tangible product, right? Without fossil fuel, the WORLD STOPS. And you're wrong, those new oil and gas fields are readily available for extraction as are the newer technology of hydraulic fracturing. The U.S. is now the largest producer of oil in the world, and a net exporter of energy.

 

[Pilot1]

Yes that computer, I Pad, or your precious smart phone that you can't live without is largely MADE FROM OIL.

As well as plastics
-

Which is made mostly from OIL.