The human race needs to learn how to survive in comfort without oil.
Ok.,,,., we have about 40 years until is all pumped out of the ground & that is a long time
to make that transition. We have the time so no need to panic today; Yet!!.
The end of the Fossil Fuel era is upon us so what are we going to do next-?
Energy information Administration Official Energy Statistics from the US government
The above report indicates that the US will be using primarily oil as our main energy
source through 2030.
The world's total declared reserves are 1,317,400,000,000 barrels (January 2007).
World oil consumption 2005 is 80,290,000 barrels per day or 29,305,850,000 per year
Dividing annual consumption into total reserves gives us 44.9 years of oil supply at the
current consumption rate.
That was eleven (11)years ago, we are not changing your habits and this spells doom
for us all.
North Sea is running too dry to meet target
Wednesday July 4, 2007
The real casus belli: peak oil
Tuesday June 26, 2007
Science Panel Finds Fault With Estimates of Coal Supply
Published: June 21, 2007
Chevron announces that they now have 11.8 years of oil left at current production levels
after aquiring Unocal reserves
07/08/05
An Oil Enigma: Production Falls Even as Reserves Rise
Published: June 12, 2004
"The decline of oil and gas will affect the world population more than climate change"
In January 2001, the U.S.
Department of Energy estimated the world's supply of unexploited oil reserves the world
supply of oil will be totally exhausted 35 years from now (June 2003).
World oil and gas 'running out'
Thursday, October 2, 2003 Posted: 1245 GMT ( 8:45 PM HKT)
The Oil Crunch
Published: May 7, 2004
The question, instead, is when the trend in oil prices will turn decisively upward. That
upward turn is inevitable as a growing world economy confronts a resource in limited supply.
But when will it happen? Maybe it already has.
Natural gas markets undergo turbulent transition as domestic production declines
Tuesday, December 16, 2003
"Texas' oil resource is pretty well picked over,"
Oman's Oil Yield Long in Decline, Shell Data Show
Published: April 8, 2004
Half of Texas’s oil wells have dried up in the past 40 years and there are very few new ones.
Tight Oil Supply Won't Ease Soon
Published: May 16, 2004
Two dollars for a gallon of gas? Get used to it. High fuel prices are here to stay, at least for
the near future, because no relief is in sight for tight oil supplies.
NOTE: I removed the links because they are not allowed
Google "end of oil"
This Is The End of The Fossil Fuel Age as We Know It, Says Report
BEC CREW
16 JUN 2016
Fossil fuels are holding on, but end of their reign is nigh,
says a new report from Bloomberg New Energy Finance, which predicts that wind and solar will be cheaper than coal and gas generators by 2027, and electric vehicles could make up 25 percent of the global car fleet by 2040.
The peak year for coal, gas, and oil looks to be 2025, and then it’s all downhill from there. For big oil guys, at least. "You can't fight the future,"
says lead researcher, Seb Henbest. "The economics are increasingly locked in."
Released on Monday, Bloomberg’s
New Energy Outlook report has found that
US $11.4 trillion will be invested in new energy sources over the next 25 years, and two thirds of that will go towards renewables, particularly wind and solar.
Any new coal plants will mostly be cropping up in India and other emerging markets in Asia.
The report explains:
"Cheaper coal and cheaper gas will not derail the transformation and decarbonisation of the world’s power systems. By 2040, zero-emission energy sources will make up 60 percent of installed capacity.
Wind and solar will account for 64 percent of the 8.6TW [1 Terawatt = 1,000 Gigawatts] of new power generating capacity added worldwide over the next 25 years, and for almost 60 percent of the $11.4 trillion invested."
The report predicts that coal, gas, and oil will peak by 2025, and will hit its final decline even sooner than that,
concluding that, "coal and gas will begin their terminal decline in less than a decade".
By 2027, the real tipping point will occur, when fossil fuels will be well and truly on the decline and renewables have been established long enough that they’ll likely be generating energy more cheaply than existing coal, gas, and oil refineries. And there’s nothing quite like a cheaper price to accelerate an industry even further.
This Is The End of The Fossil Fuel Age as We Know It, Says Report
The end of the Fossil Fuel era is upon us so what are we going to do next-?
The end of the Fossil Fuel era is upon us so what are we going to do next-?
World governments vow to end fossil fuel era at UN climate signing ceremony
Representatives of more than 170 countries endorse Paris agreement to cut carbon emissions, with France’s president saying: ‘There is no turning back’
World governments vow to end fossil fuel era at UN climate signing ceremony
the truth will set you free
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