[ProtectOurFreedom]

Note to self. Fill up the cars the night of Sunday, September 25, 2067.

[MrBambaLaMamba]

WHAT IF THEY’RE WRONG?
SUPPOSE THERE’S ONLY 53.2 YEARS LEFT?
TAXES MUST BE RAISED AND FREEDOM CURTAILED!!!
IT IS THE WORLD’S ONLY HOPE!

[I want the USA back]

Stupid headline. It’s possible that at some time it will become too expensive to get oil from the ground, so that we no longer choose to get it from the ground. But we won’t “run out” of it.

[txrefugee]

Jimmah Arter was dead certain we’d be totally out of oil in 2000. He was dead wrong.

[USFRIENDINVICTORIA]

The “fool.com” quite often publishes something, which indicates that their name is to be taken literally, not ironically.

[GladesGuru]

Gonna run out of oil, eh?

When pig learn to fly, then bacon will be sky high.

And wing shooters will start using buckshot.

[GOPJ]

Didn’t the original ‘peak oil’ lie have us running out of oil last year?

[hadaclueonce]

Speculators pumping and dumping again.

Got to keep that price up there.

Do the same with a stock and go to jail.

[familyop]

"According to BP, the U.S. has 44.2 billion barrels of oil reserves"

At 18 million barrels per day U.S. consumption (less than what we use now), that would be 2,456 days' worth--a little less than 7 years.

"As that slide points out, Pioneer Natural Resources (NYSE: PXD ) now estimates the Spraberry/Wolfcamp shale formations in the Permian Basin contain 75 billion barrels of recoverable oil and gas."

...about 11 years' worth, but that's including the natural "gas" in "oil and gas." Also, remember that hundreds of millions more people in Asia and other countries will likely begin driving during the years to come. Oil is also extremely important for the various nations' military forces (huge consumption there in times of war). And you know that nations have been positioning to fight over remaining oil resources. There's been no real fight over oil, yet.

[Little perspective for you there.]

Oil and fuel prices will generally go way up in the long run. Meanwhile, the various constituent groups and their lobbyists are effectively outlawing wood used as fuel in the very near future (see new EPA rule, especially the second phase in 5 years), while their NGOs push on the airwaves for crushing used vehicles.

You've been lied to about the plan for shutting down coal as a fuel for power plants. The plan is to switch to natural gas for firing those plants. The Investors/bosses in natural gas are going to make a killing, and natural gas prices will also go sky high.

They've already begun pushing for production of bugs as food.

Eat Your Bugs!
http://www.freerepublic.com/focus/f-news/3144062/posts

Eat Bugs, Not Meat, Say 'Global Warming Researchers'
http://www.freerepublic.com/focus/f-news/2657954/posts

[Gritty]

Well, forty years ago when I was 30, we were told we would run out of oil in about 20 years. That drop-dead date for oil exhaustion was 20 years ago. So now we have only 53.3 years of oil left.

Why should I believe the doomsday figures now, when 20 years ago we should all have been living in caves and getting our light from olive oil lanterns?

I figure if I live another 53.3 years we should have another 100 years of oil left.

[Organic Panic]

My calculations show 53.4 years. I’m not exactly old and not exactly young but I’ve been hearing these predictions about everything since I can remember all the way back to kindergarten. In my short 42 years on this planet there must have been dozens of calamities that would kill us all. Over populations, acid rain, aerosol hair spray, R12 ozone holes, no oil, global cooling, mini ice age, global warming......on and on... And the most sinister is the dumping of industrial grade dihydrogen monoxide in to our water supplies by evil corporations.

[Zathras]

They were saying 25 years back in 1974 when I was I. HS

[VerySadAmerican]

I may have 10 years left so I don’t care.

[OldNewYork]

I’ve been learning to sail. And the internal combustion engine was never going to be as fuel-efficient as farm animals like oxen.

[<1/1,000,000th%]

Last time I checked we had 150 years of proven reserves left and potentially 100 years more.

The Obama economy will probably stretch this to 350 years.

[El Laton Caliente]

The progressives have preached peak oil for 100 years now. It is always 20 to 50 years in the future... and will be for the next 500 years. After that we might have something to worry about. Oh, except for a planet size moon with lakes of methane... lol

[Praxeologue]

Everyone tells a different tale, depending on their investor PR strategy, within the bounds of the Securities Act. The Fool pulled together a group of contradictory numbers with no explanation.

Here is just a small example. Pioneer, the largest acreage holder in the Spraberry/Wolfcamp field, estimates 75 BBoe recoverable from S/W alone. That would make S/W the largest field in the U.S. At the same time, they estimate the Bakken to have around 9 BBoe recoverable. Earlier this month, Continental, the Bakken's largest leaseholder, estimated 32 to 45 BBo (not BBoe) recoverable from the Bakken/TF.

Whom should we believe?

Does EOG hold its cards and underestimate? Is Continental fairly neutral? Do smaller companies tend to hype this overheated investor market? Who are best at using experience and technology to reduce costs and increase recovery?