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

should this concern you

  • yes

    Votes: 2 6.5%
  • no

    Votes: 29 93.5%
  • maybe

    Votes: 0 0.0%

  • Total voters
    31
I have discovered that common sense is not common at all, there are Mac’s that have nothing to do with sense but ignorance instead.

No offence intended or implied

:)-
How can I be offended when you have babbled unintelligible gibberish?
 
Most rubber is synthetic. It's made from oil.
Please keep up, we are running out of oil, renewables will fill the energy needs. Rubber is “also” made from the rubber trees.

No offence intended or implied
:)-
,..,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,..,.,

1701968923343.png

:)-
 
Please keep up, we are running out of oil, renewables will fill the energy needs. Rubber is “also” made from the rubber trees.

No offence intended or implied
:)-
,..,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,..,.,

View attachment 869392
:)-


There are more proven oil reserves than at any time in history.

You peak oil people have been wrong for over a century now.
 
And natural rubber is inferior to synthetic rubber by a country mile.
What is it with these people, oil is finite, and the world is sucking up what is left.

If there isn’t any oil to make rubber, then what do you do-?
Maybe crying to momma will do-?
:)-
 
What is it with these people, oil is finite, and the world is sucking up what is left.

If there isn’t any oil to make rubber, then what do you do-?
Maybe crying to momma will do-?
:)-


And, as I stated previously, you peak oilers have been wrong for a century now.

Actually, over a century, when are you going to pay attention to science?
 
There are more proven oil reserves than at any time in history.
Waldo, you stated that “there are more proven oil reserves than at any time in history.”

Prove it.,.,., Prove it.,.,., Prove it.,.,., Prove it.,.,., Prove it!!!

If you cannot then I will be forced to call you a liar, or is it just poorly informed?
You tell me
:)-
 
Waldo, you stated that “there are more proven oil reserves than at any time in history.”

Prove it.,.,., Prove it.,.,., Prove it.,.,., Prove it.,.,., Prove it!!!

If you cannot then I will be forced to call you a liar, or is it just poorly informed?
You tell me
:)-
You peak oilers ignore everything. But it's easy for you to look up if you really want to know.

But you religious types don't want to shake your faith.
 
Following is a long read but a necessary one~~~~~~
End Of Oil 2021

2021 the 10 countries with the most oil reserves:
Venezuela (300.90 Bn)
Saudi Arabia (266.50 Bn)
Canada (169.70 Bn)
Iran (158.40 Bn)
Iraq (142.50 Bn)
Kuwait (101.50 Bn)
United Arab Emirates (97.80 Bn)
Russia (80.00 Bn)
Libya (48.40 Bn)
Nigeria (37.10 Bn)
Total 1,402.8
Oil Reserves by Country 2023

35,442,913,090 barrels per year
Oil left in the world:
1,457,158,855,271
Summary Table

Oil Reserves
1,650,585,140,000 barrels
Oil Consumption
35,442,913,090

barrels per year
97,103,871 barrels per day

Reserves/Consumption
47 (years left)
(Data shown in the table is for 2016. Counter shows current estimate.)

World Oil Reserves
See also: List of countries by Oil Reserves
There are 1.65 trillion barrels of proven oil reserves in the world as of 2016.

The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).

OIL RESERVES
1,650,585,140,000 barrels
47 years of oil left
(at current consumption levels)

History of World's Proven Oil Reserves

World Oil Consumption

See also: List of countries by Oil Consumption

The world consumes 35,442,913,090 barrels of oil as of the year 2016, equivalent to 97,103,871 barrels per day.

Global oil consumption per capita is 5 barrels of oil (199 gallons) per person yearly (based on the 2016 world population of 7,464,022,049 people) or 0.5 gallons per capita per day.

History of Global Oil Consumption

Search:
# Country Oil Reserves
(barrels) in 2016 World

Share
1 Venezuela 299,953,000,000 18.2%
2 Saudi Arabia 266,578,000,000 16.2%
3 Canada 170,863,000,000 10.4%
4 Iran 157,530,000,000 9.5%
5 Iraq 143,069,000,000 8.7%
6 Kuwait 101,500,000,000 6.1%
7 United Arab Emirates 97,800,000,000 5.9%
8 Russia 80,000,000,000 4.8%
9 Libya 48,363,000,000 2.9%
10 Nigeria 37,070,000,000 2.2%
11 United States 35,230,000,000 2.1%
12 Kazakhstan 30,000,000,000 1.8%
13 Qatar 25,244,000,000 1.5%
14 China 25,132,122,000 1.5%
15 Brazil 16,184,100,000 1.0%
16 Algeria 12,200,000,000 0.7%
17 Mexico 9,711,000,000 0.59%
18 Angola 8,423,000,000 0.51%
19 Ecuador 8,273,000,000 0.50%
20 Azerbaijan 7,000,000,000 0.42%
21 Oman 5,306,000,000 0.32%
22 Norway 5,138,767,000 0.31%
23 Sudan 5,000,000,000 0.30%
24 India 4,728,790,000 0.29%
25 Vietnam 4,400,000,000 0.27%
26 Egypt 4,400,000,000 0.27%
27 Indonesia 3,692,500,000 0.22%
28 Malaysia 3,600,000,000 0.22%
29 Yemen 3,000,000,000 0.18%
30 United Kingdom 2,754,685,000 0.17%
31 Syria 2,500,000,000 0.15%
32 Uganda 2,500,000,000 0.15%
33 Argentina 2,379,702,000 0.14%
34 Colombia 2,308,000,000 0.14%
35 Gabon 2,000,000,000 0.12%
36 Congo 1,600,000,000 0.10%
37 Chad 1,500,000,000 0.09%
38 Australia 1,193,000,000 0.07%
39 Brunei 1,100,000,000 0.07%
40 Equatorial Guinea 1,100,000,000 0.07%
41 Trinidad and Tobago 728,300,000 0.044%
42 Peru 682,681,000 0.041%
43 Ghana 660,000,000 0.040%
44 Turkmenistan 600,000,000 0.036%
45 Romania 600,000,000 0.036%
46 Uzbekistan 594,000,000 0.036%
47 Italy 579,232,000 0.035%
48 Denmark 551,000,000 0.033%
49 Tunisia 425,000,000 0.026%
50 Thailand 404,890,000 0.025%
51 Ukraine 395,000,000 0.024%
52 Pakistan 353,500,000 0.021%
53 Turkey 312,000,000 0.019%
54 Bolivia 211,450,000 0.013%
55 Cameroon 200,000,000 0.012%
56 Belarus 198,000,000 0.012%
57 Papua New Guinea 180,249,000 0.011%
58 DR Congo 180,000,000 0.011%
59 Albania 168,332,000 0.010%
60 Chile 150,000,000 0.009%
61 Niger 150,000,000 0.009%
62 Spain 150,000,000 0.009%
63 Netherlands 140,892,000 0.009%
64 Philippines 138,500,000 0.008%
65 Poland 137,752,000 0.008%
66 Germany 132,480,000 0.008%
67 Bahrain 124,560,000 0.008%
68 Cuba 124,000,000 0.008%
69 Suriname 99,980,000 0.0061%
70 Côte d'Ivoire 100,000,000 0.006%
71 Guatemala 83,070,000 0.0050%
72 France 78,431,000 0.0048%
73 Serbia 77,500,000 0.0047%
74 Croatia 71,000,000 0.0043%
75 New Zealand 64,100,000 0.0039%
76 Myanmar 50,000,000 0.0030%
77 Austria 45,400,000 0.0028%
78 Japan 44,115,000 0.0027%
79 Kyrgyzstan 40,000,000 0.0024%
80 Georgia 35,000,000 0.0021%
81 Hungary 28,600,000 0.0017%
82 Bangladesh 28,000,000 0.0017%
83 Mauritania 20,000,000 0.0012%
84 Bulgaria 15,000,000 0.0009%
85 Czech Republic (Czechia) 15,000,000 0.0009%
86 South Africa 15,000,000 0.0009%
87 Israel 13,953,000 0.0008%
88 Lithuania 12,000,000 0.0007%
89 Tajikistan 12,000,000 0.0007%
90 Greece 10,000,000 0.0006%
91 Slovakia 9,000,000 0.0005%
92 Benin 8,000,000 0.0005%
93 Belize 6,700,000 0.0004%
94 Taiwan 2,380,000 0.0001%
95 Barbados 2,315,000 0.0001%
96 Jordan 1,000,000 0.0001%
97 Morocco 684,000 0.0000%
98 Ethiopia 428,000 0.0000%

Statistical Review of World Energy - British Petroleum
U.S. Energy Information Administration (EIA)
World Oil Statistics - Worldometer

Summary Table as of 2017

Oil Reserves
1,650,585,140,000 barrels
Oil Consumption
35,442,913,090
barrels per year
97,103,871 barrels per day
Reserves/Consumption
47 (years left)

World Oil Statistics - Worldometer
The Truth Will Set You Free
:)-
 
Following is a long read but a necessary one~~~~~~
End Of Oil 2021

2021 the 10 countries with the most oil reserves:
Venezuela (300.90 Bn)
Saudi Arabia (266.50 Bn)
Canada (169.70 Bn)
Iran (158.40 Bn)
Iraq (142.50 Bn)
Kuwait (101.50 Bn)
United Arab Emirates (97.80 Bn)
Russia (80.00 Bn)
Libya (48.40 Bn)
Nigeria (37.10 Bn)
Total 1,402.8
Oil Reserves by Country 2023

35,442,913,090 barrels per year
Oil left in the world:
1,457,158,855,271
Summary Table

Oil Reserves
1,650,585,140,000 barrels
Oil Consumption
35,442,913,090

barrels per year
97,103,871 barrels per day

Reserves/Consumption
47 (years left)
(Data shown in the table is for 2016. Counter shows current estimate.)

World Oil Reserves
See also: List of countries by Oil Reserves
There are 1.65 trillion barrels of proven oil reserves in the world as of 2016.

The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).

OIL RESERVES
1,650,585,140,000 barrels
47 years of oil left
(at current consumption levels)

History of World's Proven Oil Reserves

World Oil Consumption

See also: List of countries by Oil Consumption

The world consumes 35,442,913,090 barrels of oil as of the year 2016, equivalent to 97,103,871 barrels per day.

Global oil consumption per capita is 5 barrels of oil (199 gallons) per person yearly (based on the 2016 world population of 7,464,022,049 people) or 0.5 gallons per capita per day.

History of Global Oil Consumption

Search:
# Country Oil Reserves
(barrels) in 2016 World

Share
1 Venezuela 299,953,000,000 18.2%
2 Saudi Arabia 266,578,000,000 16.2%
3 Canada 170,863,000,000 10.4%
4 Iran 157,530,000,000 9.5%
5 Iraq 143,069,000,000 8.7%
6 Kuwait 101,500,000,000 6.1%
7 United Arab Emirates 97,800,000,000 5.9%
8 Russia 80,000,000,000 4.8%
9 Libya 48,363,000,000 2.9%
10 Nigeria 37,070,000,000 2.2%
11 United States 35,230,000,000 2.1%
12 Kazakhstan 30,000,000,000 1.8%
13 Qatar 25,244,000,000 1.5%
14 China 25,132,122,000 1.5%
15 Brazil 16,184,100,000 1.0%
16 Algeria 12,200,000,000 0.7%
17 Mexico 9,711,000,000 0.59%
18 Angola 8,423,000,000 0.51%
19 Ecuador 8,273,000,000 0.50%
20 Azerbaijan 7,000,000,000 0.42%
21 Oman 5,306,000,000 0.32%
22 Norway 5,138,767,000 0.31%
23 Sudan 5,000,000,000 0.30%
24 India 4,728,790,000 0.29%
25 Vietnam 4,400,000,000 0.27%
26 Egypt 4,400,000,000 0.27%
27 Indonesia 3,692,500,000 0.22%
28 Malaysia 3,600,000,000 0.22%
29 Yemen 3,000,000,000 0.18%
30 United Kingdom 2,754,685,000 0.17%
31 Syria 2,500,000,000 0.15%
32 Uganda 2,500,000,000 0.15%
33 Argentina 2,379,702,000 0.14%
34 Colombia 2,308,000,000 0.14%
35 Gabon 2,000,000,000 0.12%
36 Congo 1,600,000,000 0.10%
37 Chad 1,500,000,000 0.09%
38 Australia 1,193,000,000 0.07%
39 Brunei 1,100,000,000 0.07%
40 Equatorial Guinea 1,100,000,000 0.07%
41 Trinidad and Tobago 728,300,000 0.044%
42 Peru 682,681,000 0.041%
43 Ghana 660,000,000 0.040%
44 Turkmenistan 600,000,000 0.036%
45 Romania 600,000,000 0.036%
46 Uzbekistan 594,000,000 0.036%
47 Italy 579,232,000 0.035%
48 Denmark 551,000,000 0.033%
49 Tunisia 425,000,000 0.026%
50 Thailand 404,890,000 0.025%
51 Ukraine 395,000,000 0.024%
52 Pakistan 353,500,000 0.021%
53 Turkey 312,000,000 0.019%
54 Bolivia 211,450,000 0.013%
55 Cameroon 200,000,000 0.012%
56 Belarus 198,000,000 0.012%
57 Papua New Guinea 180,249,000 0.011%
58 DR Congo 180,000,000 0.011%
59 Albania 168,332,000 0.010%
60 Chile 150,000,000 0.009%
61 Niger 150,000,000 0.009%
62 Spain 150,000,000 0.009%
63 Netherlands 140,892,000 0.009%
64 Philippines 138,500,000 0.008%
65 Poland 137,752,000 0.008%
66 Germany 132,480,000 0.008%
67 Bahrain 124,560,000 0.008%
68 Cuba 124,000,000 0.008%
69 Suriname 99,980,000 0.0061%
70 Côte d'Ivoire 100,000,000 0.006%
71 Guatemala 83,070,000 0.0050%
72 France 78,431,000 0.0048%
73 Serbia 77,500,000 0.0047%
74 Croatia 71,000,000 0.0043%
75 New Zealand 64,100,000 0.0039%
76 Myanmar 50,000,000 0.0030%
77 Austria 45,400,000 0.0028%
78 Japan 44,115,000 0.0027%
79 Kyrgyzstan 40,000,000 0.0024%
80 Georgia 35,000,000 0.0021%
81 Hungary 28,600,000 0.0017%
82 Bangladesh 28,000,000 0.0017%
83 Mauritania 20,000,000 0.0012%
84 Bulgaria 15,000,000 0.0009%
85 Czech Republic (Czechia) 15,000,000 0.0009%
86 South Africa 15,000,000 0.0009%
87 Israel 13,953,000 0.0008%
88 Lithuania 12,000,000 0.0007%
89 Tajikistan 12,000,000 0.0007%
90 Greece 10,000,000 0.0006%
91 Slovakia 9,000,000 0.0005%
92 Benin 8,000,000 0.0005%
93 Belize 6,700,000 0.0004%
94 Taiwan 2,380,000 0.0001%
95 Barbados 2,315,000 0.0001%
96 Jordan 1,000,000 0.0001%
97 Morocco 684,000 0.0000%
98 Ethiopia 428,000 0.0000%

Statistical Review of World Energy - British Petroleum
U.S. Energy Information Administration (EIA)
World Oil Statistics - Worldometer

Summary Table as of 2017

Oil Reserves
1,650,585,140,000 barrels
Oil Consumption
35,442,913,090
barrels per year
97,103,871 barrels per day
Reserves/Consumption
47 (years left)

World Oil Statistics - Worldometer
The Truth Will Set You Free
:)-


How many years did we have left in 1980?
 
Again, a long read but a needed one

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).

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

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.

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.

North Sea is running too dry to meet target

North Sea is running too dry to meet target

The real casus belli: peak oil

Science Panel Finds Fault With Estimates of Coal Supply
Published: June 21, 2007 Science Panel Finds Fault With Estimates of Coal Supply (Published 2007)

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

An Oil Enigma: Production Falls Even as Reserves Rise

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

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).

World oil and gas 'running out'

The Oil Crunch
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 hap-pen? Maybe it already has.

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

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

Half of Texas’s oil wells have dried up in the past 40 years and there are very few new ones.
P.E. THIS IS MY LAST POST ON THIS TOPIC
:)-
 
Again, a long read but a needed one

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).

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

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.

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.

North Sea is running too dry to meet target

North Sea is running too dry to meet target

The real casus belli: peak oil

Science Panel Finds Fault With Estimates of Coal Supply
Published: June 21, 2007 Science Panel Finds Fault With Estimates of Coal Supply (Published 2007)

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

An Oil Enigma: Production Falls Even as Reserves Rise

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

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).

World oil and gas 'running out'

The Oil Crunch
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 hap-pen? Maybe it already has.

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

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

Half of Texas’s oil wells have dried up in the past 40 years and there are very few new ones.
P.E. THIS IS MY LAST POST ON THIS TOPIC
:)-



Blah, blah, blah blah.

Same opinions that have been trotted out for over 100 years.

And still, more oil than at any time in history.
 

Forum List

Back
Top