How much oil actually is left?

[toobfreak]

Maybe. Dr. Gold postulated that oil has nothing to do with dinosaurs, and is in fact a product of the mantle. He drilled a hole into the middle of the continental kraton where current oil creation theory says you will NEVER find oil. Guess what, he found some.

Well, we landed a probe on the moon Titan around Saturn which is covered in lakes of hydrocarbons and I'm almost certain there is no biology there as the mean temp there is something like -250°F, so, it must be possible.

Maybe our plant-based crustal hydrocarbons here are actually a fluke; that rare exception in the universe because plants are rare.

And what does it say of our current oil creation theory when maybe 1 in 10 pilot test holes we drill where we EXPECT to find oil actually turn any up? And often, not very much.

 

[westwall]

Well, we landed a probe on the moon Titan around Saturn which is covered in lakes of hydrocarbons and I'm almost certain there is no biology there as the mean temp there is something like -250°F, so, it must be possible.

Maybe our plant-based crustal hydrocarbons here are actually a fluke; that rare exception in the universe because plants are rare.

And what does it say of our current oil creation theory when maybe 1 in 10 pilot test holes we drill where we EXPECT to find oil actually turn any up? And often, not very much.

It says that our theories aren't very good.

 

[JohnDB]

We will NEVER run out of petroleum. You're right, what we will run out of is cheap petroleum. The old, established oil fields, like those of Saudi Arabia can produce a barrel of oil for less than $4. New, deep, offshore oil wells are very expensive to produce, in the $30 to $40/barrel range. Eventually the cost will be so high for oil we'll turn to other energy sources, solar, wind, wave, etc.

Most of the land based cheap cheap oil is tapped. There are still pockets in Louisiana that they will drill....regulations and costs are rising. A well might get piped but usually is just held onsite and a truck comes by to pump out a storage tank. The offshore rigs in the gulf do much better volume....but a floating oil rig is several hundred million dollars.

As wells go deeper the cost increases exponentially. Because the pressure and heat go up....and there is no drill head that can survive those depths. The well is always wanting to close up. Then theres the issue of getting the oil out and not just leach into water tables or other pockets of permeable sandstone....

The refining also costs a lot of money....and theres various grades of petroleum that makes some petroleum (like Venezuelan oil) almost worthless. Too much sulphur and its sour. (Oil Sands in Canada....keystone pipeline....honestly that pipeline is worthless and juice isn't worth the squeeze)

After you cook the gasoline off....what do you do with the rest of it? Too sour and there are no buyers.

 

[alang1216]

Most of the land based cheap cheap oil is tapped. There are still pockets in Louisiana that they will drill....regulations and costs are rising. A well might get piped but usually is just held onsite and a truck comes by to pump out a storage tank. The offshore rigs in the gulf do much better volume....but a floating oil rig is several hundred million dollars.

As wells go deeper the cost increases exponentially. Because the pressure and heat go up....and there is no drill head that can survive those depths. The well is always wanting to close up. Then theres the issue of getting the oil out and not just leach into water tables or other pockets of permeable sandstone....

The refining also costs a lot of money....and theres various grades of petroleum that makes some petroleum (like Venezuelan oil) almost worthless. Too much sulphur and its sour. (Oil Sands in Canada....keystone pipeline....honestly that pipeline is worthless and juice isn't worth the squeeze)

After you cook the gasoline off....what do you do with the rest of it? Too sour and there are no buyers.

Technologies like directional drilling and fracking are postponing the inevitable but petroleum is a finite resource so the world needs to be prepared to move off it.

 

[JohnDB]

Technologies like directional drilling and fracking are postponing the inevitable but petroleum is a finite resource so the world needs to be prepared to move off it.

No.....not happening.

The peak amount of petroleum oil used daily is always a minimum of 50 years in the future.

Without petroleum there is no clean drinking water, groceries, clothing, or housing.

What do you suggest we give up first?

 

[alang1216]

No.....not happening.

The peak amount of petroleum oil used daily is always a minimum of 50 years in the future.

Without petroleum there is no clean drinking water, groceries, clothing, or housing.

What do you suggest we give up first?

Burning it.

 

[JohnDB]

Burning it.

Only half is burned....
When you give up your plastic internet device and stop using fiberoptic telecom I'll think you might be serious. Until then....you aren't.

 

[Hafar1014]

Do you think experts know? Watch the video and see if they know.

I posted on a thread today about the Deep hot biosphere. If you truly are interested in oil, that book explains how it keeps showing up.

More than enough until we transition to nuclear

 

[alang1216]

Only half is burned....
When you give up your plastic internet device and stop using fiberoptic telecom I'll think you might be serious. Until then....you aren't.

Just because we need it doesn't mean it will always be there. Once the price is sufficiently high, other tech, nuclear, recycling, bio, green energy, etc., will become cost effective.

 

[JohnDB]

Just because we need it doesn't mean it will always be there. Once the price is sufficiently high, other tech, nuclear, recycling, bio, green energy, etc., will become cost effective.

Even electricity is dependent upon petroleum.....wires need insulation which again is made of petroleum products.

As soon as a cheaper substitute is found.....AKA: never., then we will use that.

A non-petroleum world is a pipe dream sold to unsuspecting people.....

When I see those petroleum protesters getting arrested wearing cotton clothing that was made on looms and machines full of plastic parts.....shipped to the USA in containerships by marine diesel and trucked to department stores by diesel burning trucks, then sold using plastic Credit cards and a plastic register. Recorded over telecom wires covered in more plastic and that information is again stored in other locations using petroleum products.....
They will again be placed in jail....to wear more plastic jumpsuits, be placed behind bars and steel doors covered in paint made of plastics and wish they could again feel the softness of carpets.....

 

[alang1216]

As soon as a cheaper substitute is found.....AKA: never., then we will use that.

Never is a very long time. Most plastics consist primarily of carbon and hydrogen so there is no reason we can't create them ourselves once the economics dictate it.

 

[JohnDB]

Never is a very long time. Most plastics consist primarily of carbon and hydrogen so there is no reason we can't create them ourselves once the economics dictate it.

Canada is currently pumping plastics with the oil they produce....
Several of our land based refineries do take in the more difficult to refine bitumen to produce all sorts of things (after the gasoline and diesel are cooked off)

Everything from plastic injection moldings to fishing lures. Most of the copper wiring today is produced in China....I'm unsure who is producing the aluminum wire

 

[toobfreak]

Several of our land based refineries do take in the more difficult to refine bitumen to produce all sorts of things (after the gasoline and diesel are cooked off)

I always laugh at how originally, they knew of no use for gasoline and considered it a waste product just to be thrown away.

I'm unsure who is producing the aluminum wire

Probably ALCOA.

 

[JohnDB]

I always laugh at how originally, they knew of no use for gasoline and considered it a waste product just to be thrown away.


Probably ALCOA.

Yeah....they thought gasoline was just too volatile to be useful for anything much. They really weren't sure about using diesel either....

But then gasoline engines (a toy at the time) were scaled up to size and made useful.....followed by diesel engines. And several industries were born.


For the wire I meant which country....lol.
Name brands dont mean much anymore.
Aluminum tends to be an American metal for the most part. Not much used outside of the usa....some is...but not a whole lot. The USA uses more than anyone else.

 

[JohnDB]

 

[JohnDB]

 

[toobfreak]

What I don't understand is why all the shock and concern over this? Do people really think that the decision to pause the bombing went from President Trump's brain straight to his TS keyboard before even settled with Iran? A hundred people were involved in the decision, then another hundred were involved is the decision and process to announce to the world this pause before it ever got to TS.

 

[JohnDB]

 

[Dorian Mode]

There will always be petroleum in the ground. There is a limit to how much we can extract because at a certain point we expend more energy to get it out of the ground than the energy we eventually get from it.

 

[JohnDB]

There will always be petroleum in the ground. There is a limit to how much we can extract because at a certain point we expend more energy to get it out of the ground than the energy we eventually get from it.

However,
There is currently a well shortage.

1 out of 20 wells drilled actually produce oil.
But to get there you need leases, permits, and investments. (Wells aren't drilled for free)
Then the amount of oil a well produces can vary drastically. It can be a single barrel a week or month, 5 barrels a week to much more.

Out of the hundreds of millions of barrels used every day....we need to drill a LOT of wells to keep up with supply.