[Citizen Zed]

I drink your milkshake.

[FlingWingFlyer]

53.378 years actually. LOL!

[Army Air Corps]

Ping.

[Jim from C-Town]

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?

[TexasRepublic]

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.

[Fungi]

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.

[Chode]

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?

[Cubs Fan]

I’m going to short sell all my oil stocks in 52.999 years.

[ConorMacNessa]

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)

[spokeshave]

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.

[ExSoldier]

"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.

[upchuck]

Who can post the very appropriate “Oh Noes” gif? Thanks.

[Secret Agent Man]

bull. crap. mythical “science” bs.

[DannyTN]

Build nuclear plants.

[gunsequalfreedom]

At present consumption rates its 53 years but soon the norm for cars will be 80+ miles per gallon if they use gas at all. Synthetic lubricants are already available and when oil surpasses their cost consumption of oil will further slow. Make the prediction 100 year supply.

[Cvengr]

The public misinterprets the statistic.

The Oil & Gas industry has a major function generally known as Exploration. It’s function is to locate oil & gas for their business to continue operations.

Exploration doesn’t need to exceed a 40 year reservation of resources.

[norwaypinesavage]

All of these “end of oil” forecasts assume that the last new source of oil was discovered yesterday, and that no new methods of finding, extracting, inventing, or developing oil sources will ever again happen. What fools there are at Motley Fools.

[WorkingClassFilth]

I learned from an oil person that these reserve estimates are based ONLY on the amount of oil KNOWN that can be extracted with TODAY'S technology for a REASONABLE profit. In other words, This low-fruit estimate is only used for oil industry purposes of planning and projection. The lefties, like these clowns, seize that information only to create these idiot brick-wall scenarios. I recall that when I was in high school (a lo-o-o-ong time ago) we were going to run out of oil by the early nineties, er, so said Paul Erlich, Lester Brown and all the other conniving leftist earth nazis.

[Popman]

Wait' Peak oil predictions were wrong...

No way...impossible !!!

Thank goodness global warming can't be wrong... /S

[Las Vegas Dave]

FYI: http://www.fool.com/investing/general/2014/06/22/the-world-has-533-years-of-oil-left.aspx,

533 years? Typo by the fool.com?

[Eric in the Ozarks]

BP should have been kicked out of the US years ago.
Cheap bastards costs lives by going cheap.