And people think Pat Robinson makes stupid statements...This alarmist is just another quack who's rantings are repeated by MSM every so often.
There is no oil shortage, peak oil is 150 years away if it even comes to that at all.
The sky is falling! the sky is falling! run! The Ice age is coming! run! Global warming is coming! Run! Peak oil! Run!
We've had peak oilalrmists ever since the first oil well was drilled.
People still believe oil is made from fossils, dead dinosaurs. This is a theory that has been around since the 1700's. There is no proof of this. There are NO organic elements in oil except as a contaminant.
580 BILLION dinosaurs would have to have died in one spot just to make the Saudi oil fields.
The human population on earth is 6-7 billion? And we consider that as overpopulated. Imagine trillions of dinosaurs dying in one spot all over the world to make "fossil fuels".
Oil is made deep deep within the earth by a process called Abiotics. This theory has been accepted as established fact by virtually the entire scientific community of the (former) Soviet Union. It is backed up by literally thousands of published studies in prestigious, peer-reviewed scientific journals.
What is there for for the fossil fuel theory? Nothing! Yet like fools, we in the west continue to believe that myth, and are fed this "peak oil" crap and oil shortage fears which drive up the price to make oil people and governments rich(er).
For all the oil that was pumped from the Saudi oil fields, they should have been empty by now. They are still full.
Why? Because oil is made deep within the earth and forms as it makes it way up closer to the surface, refilling these fields. There are other examples of this all over the world,
such as the continuously refilling oil field of Eugene Island 330 (Gulf of Mexico.
Regardless of what you believe, We have enough know reserves to last 150 years, and that includes estimated increased demand.
http://www.rense.com/general63/staline.htmFor all the oil that was pumped from the Saudi oil fields, they should have been empty by now. They are still full. Why? Because oil is made deep within the earth and forms as it makes it way up closer to the surface, refilling these fields. There are other examples of this all over the world, such as the continuously refilling oil field of Eugene Island 330 (Gulf of Mexico. LOL.... You shouldn't believe everything you read on the internet. There is no mystery to refilling oil fields. Oil and Gas exist in underground sand where once there was a river or lake or something. When the well is drilled it finds the sand.... and then the pirosity of the sand determines how fast oil or gas can move from distant parts of the sand bar, to the well, which is esscentially a hole in a pressured area. Eventually enough oil and gas is removed so that there is less pressure in the sand bar (pressure caused by chemical nature of gas). As the pressure is reduced the oil or gas doesn't have the ability to flow through the sand grains at a very high rate... and not enough pressure to flow up 10,000 or whatever feet of casing. So they'll throw a pump down in the bottom and run it to pump the oil up the casing because there isn't enough pressure downhole to force it out.
That's how reserves work. And to maintain this pressure to begin with... the sand bar has to be surrounded by shale or stone capapable of holding the pressure.