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The World Has 53.3 Years of Oil Left
Motley Fool ^
| 6-22-2014
| Matt DiLallo
Posted on 06/28/2014 9:20:33 PM PDT by Citizen Zed
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I drink your milkshake.
To: Citizen Zed
53.378 years actually. LOL!
2
posted on
06/28/2014 9:22:38 PM PDT
by
FlingWingFlyer
(The future must not belong to those who slander bacon.)
To: thackney
3
posted on
06/28/2014 9:24:04 PM PDT
by
Army Air Corps
(Four Fried Chickens and a Coke)
To: Army Air Corps
4
posted on
06/28/2014 9:25:30 PM PDT
by
corlorde
(forWARD of the state)
To: Citizen Zed
The Myth of lack of oil has been going on since it was first discovered. It has been more than 100 years since we have had the first ‘peak oil’ story in the press. They have been flogging this dead horse for more years than they have the fake story about CO2 being a pollutant.
Remember all the stories about the Ozone Layer?
5
posted on
06/28/2014 9:29:21 PM PDT
by
Jim from C-Town
(The government is rarely benevolent, often malevolent and never benign!)
To: Citizen Zed
On a 1972 airplane flight from Europe, I met a Exxon geologist who confided to me in all seriousness that there was only 10 years worth of oil left. He’d had a few drinks and I suspected it was the alcohol talking. During the 1973 oil crisis I recalled what he had said and gave it more serious thought.
Now 40+ years later, due to improved technologies for discovery and recovery, we are producing and consuming more oil than ever. I suspect the undiscovered reserves are larger far than we know.
6
posted on
06/28/2014 9:34:20 PM PDT
by
TexasRepublic
(Socialism is the gospel of envy and the religion of thieves)
To: Citizen Zed
How the hell would you know? Pure nonsense. Where do all the cocolithophores, plankton, krill, and the rest of the sea flora go? Do they just disappear? Let me know.
7
posted on
06/28/2014 9:37:36 PM PDT
by
Fungi
To: Citizen Zed
the way it's written, there's 53.3 years of oil JUST UNDER BP'S CONTROL!!!
NOT counting all other producers... is it simply poorly written or am i reading it wrong?
8
posted on
06/28/2014 9:38:38 PM PDT
by
Chode
(Stand UP and Be Counted, or line up and be numbered - *DTOM* -vvv- NO Pity for the LAZY - 86-44)
To: Citizen Zed
I’m going to short sell all my oil stocks in 52.999 years.
9
posted on
06/28/2014 9:42:13 PM PDT
by
Cubs Fan
(liberalism is a cancer that destroys everything it gets control of.)
To: TexasRepublic
“I suspect the undiscovered reserves are larger far than we know.”
The big question is whether or not it is a ‘renewable’ resource.
To: Citizen Zed
How many years? The more expensive it gets, the more economically feasible the difficult sources get.
Did I hear in the news that the U.S is now an exporter of oil?
Imagine that!
"Dia shábháil ar fad anseo!"
Genuflectimus non ad principem sed ad Principem Pacis!
Listen, O isles, unto me; and hearken, ye people, from far; The LORD hath called me from the womb; from the bowels of my mother hath he made mention of my name. (Isaiah 49:1 KJV)
11
posted on
06/28/2014 9:44:22 PM PDT
by
ConorMacNessa
(HM/2 USN, 3/5 Marines RVN 1969 - St. Michael the Archangel, defend us in Battle!)
To: Citizen Zed
Ha...MOTLEY FOOLS Indeed.....they ignored the Green River Formation...
The worlds known estimates of oil are about 1 Trillion barrels of oil.
According to the USGS the Green River Formation has an estimated 3 Trillion barrels of oil...with 1 Trillion barrels recoverable with today's technology.
So we can double the Motley Fool Estimate.
12
posted on
06/28/2014 9:46:59 PM PDT
by
spokeshave
(OMG.......Schadenfreude overload is not covered under Obamacare :-()
To: Citizen Zed
"Read more at Fool.com" That says it all right there. Oil is a renewable resource not made from fossil anything. Manufactured in the earth's mantle and forced outward by the centrifugal spin of the planet. Some places the surge upward is slowed by dense material which necessitates deep well drilling which Stalin discovered in 1953 and started a serious soviet deep drilling program that has now left them at the top of oil production, topping even the House of Saud. But if you do the research you'll find many of the formerly tapped out wells in Texas and Oklahoma are now slowly refilling. Yes I have read some books on this issue but as I remain a Christian I can only hold to my faith that the Lord knew when he made the planet how big a deal oil was going to become and provided ample supplies (renewable) for our use.
13
posted on
06/28/2014 9:50:58 PM PDT
by
ExSoldier
(Stand up and be counted... OR LINE UP AND BE NUMBERED...)
To: FlingWingFlyer
How long is that in dog years?
14
posted on
06/28/2014 9:58:03 PM PDT
by
Jeff Chandler
(Conservatism is the political disposition of grown-ups.)
To: ExSoldier
Fool is just a silly name for an investment-idea website.
Even if oil were purely a fossil fuel, and not abiogenic, there’s still a whale of a lot of it not yet found. It’s assumed in these estimates that if not yet found, it isn’t there, which is not true.
15
posted on
06/28/2014 9:58:22 PM PDT
by
HiTech RedNeck
(Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
To: Citizen Zed
Who can post the very appropriate “Oh Noes” gif? Thanks.
16
posted on
06/28/2014 10:01:19 PM PDT
by
upchuck
(Everyday, Joe Wilson becomes more correct!)
To: pieceofthepuzzle
“The big question is whether or not it is a renewable resource.”
The discovery of Methane (a hydrocarbon) on other planets is a strong argument for the idea that at least some oil and gas has non-biological origins. If true, then perhaps the question is the rate of renewal of those reserves coming up from earth’s core.
17
posted on
06/28/2014 10:12:52 PM PDT
by
TexasRepublic
(Socialism is the gospel of envy and the religion of thieves)
To: HiTech RedNeck
Jeez!
Who would have thought that North Dakota of all places would have such oil reserves?
Betcha that there are PLENTY of reserves out there, in the USA that haven't been tapped yet.
IMHO, the US has enough oil underground to provide our needs for at least 1000 years. If only we have the guts (and political will) to actually go get it.
18
posted on
06/28/2014 10:24:05 PM PDT
by
boop
(I just wanted a President. But I got a rock.)
To: TexasRepublic
Just beat me to it by “this much.” I just spoke with a geology major from my daughters college and asked her the very same question. If hydrocarbon is from decomposing organics, how do we have gigantic planets almost completely hydrocarbon with no life? She said that they had discussed that but were still unsure of where all the new oil was coming from. Some oil is several miles deep and it would be difficult for it to migrate that far from where it started. She also admitted that the amount of known oil reserves has been rising faster than anyone could have guessed just a few years ago. Getting a geologist to admit oil could be, ...well, just oil, instead of billions of years worth of rotting plants and animals is like getting them to consider evolution might be wrong. If oil is just a natural product from the earth, we could have a thousand years of it left. It just that we’ve found most of the easy stuff. Finding oil literally miles deep makes it costly to recover along with the danger, but technology has always come through in the past.
19
posted on
06/28/2014 10:29:24 PM PDT
by
chuckles
To: Jim from C-Town
And we’re cutting down the equivalent of 10 football fields of Rain Forest per minute, and soon there will be no more Rain Forest, Right?
I notice there is yet to be a desert in Central America
1990 flash back.
Maybe they should start a “Oil Crisis Cafe” , like with the rain forest, it will be all better
20
posted on
06/28/2014 10:39:09 PM PDT
by
DanielRedfoot
(Creepy Ass Cracker)
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