world oil reserves gone in 19 years

[james dixon]

New estimates of worldwide crude oil reserves total 1.651 trillion bbl
(1,651,000,000,000)
https://tinyurl.com/ycvg5odz

In 2010, global crude oil demand was 86.4 million barrels per day.
86,400,000,000x365=315360000000000000
Daily global crude oil demand 2006-2018 | Statistic


1,651,000,000,000/315360000000000000=19 years left


My math might be off but it looks like, at current rate of consumption all the known oil reserves will be used up in 19 years.

If the numbers are correct, we need to act now before it is too late !!
Any suggestions?

 

[David T]

New estimates of worldwide crude oil reserves total 1.651 trillion bbl
(1,651,000,000,000)
https://tinyurl.com/ycvg5odz

In 2010, global crude oil demand was 86.4 million barrels per day.
86,400,000,000x365=315360000000000000
Daily global crude oil demand 2006-2018 | Statistic


1,651,000,000,000/315360000000000000=19 years left


My math might be off but it looks like, at current rate of consumption all the known oil reserves will be used up in 19 years.

If the numbers are correct, we need to act now before it is too late !!
Any suggestions?

Drill more burn more. I say we place penalties on fossil fuel efficiency and pollution at the same time. We want less efficient without the smog.

 

[Quetzal]

I want to make an optimistic case here. We are well on our way to renewable energy to help replace oil reserves. The technology is there, now it is all about making it affordable. If I am not mistaken we have surpassed coal but I am not entirely sure about oil. As these momentum continues (and I think it will), this will get a little better with each passing year. There are quite a few initiatives and projects taking place all over the world. In a time full of paranoia, I am actually pretty confident here. We will see if my confidence is misplaced.

 

[Twilight Hue]

New estimates of worldwide crude oil reserves total 1.651 trillion bbl
(1,651,000,000,000)
https://tinyurl.com/ycvg5odz

In 2010, global crude oil demand was 86.4 million barrels per day.
86,400,000,000x365=315360000000000000
Daily global crude oil demand 2006-2018 | Statistic


1,651,000,000,000/315360000000000000=19 years left


My math might be off but it looks like, at current rate of consumption all the known oil reserves will be used up in 19 years.

If the numbers are correct, we need to act now before it is too late !!
Any suggestions?

Drill for more. There's still plenty.

 

[socharlie]

New estimates of worldwide crude oil reserves total 1.651 trillion bbl
(1,651,000,000,000)
https://tinyurl.com/ycvg5odz

In 2010, global crude oil demand was 86.4 million barrels per day.
86,400,000,000x365=315360000000000000
Daily global crude oil demand 2006-2018 | Statistic


1,651,000,000,000/315360000000000000=19 years left


My math might be off but it looks like, at current rate of consumption all the known oil reserves will be used up in 19 years.

If the numbers are correct, we need to act now before it is too late !!
Any suggestions?

I think that peak oil is a big lie by petroleum industry, note that USA from importer turning to be #1 exporter of oil soon. Abiogenic petroleum origin - Wikipedia

 

[Aldrnari]

Oil/coal is an ancient technology that hasn't made any consideration leaps in a very long time. Renewable energy has been making serious technological leaps and bounds by the year. Sooner or later, it's going to replace oil/coal production, and the countries that seriously invested in the technology will benefit; the ones who didn't will be playing catch up.

America is one of the most technologically advanced countries on earth, but I hope we don't neglect this gold mine of an opportunity... Countries in Europe and Asia look to dominate in the coming decades. Korea has especially been advancing a lot lately, it seems.

 

[james dixon]

China Aims to Spend at Least $360 Billion on Renewable Energy by 2020

China intends to spend more than $360 billion through 2020 on renewable power sources like solar and wind, the government’s energy agency said on Thursday.

The country’s National Energy Administration laid out a plan to dominate one of the world’s fastest-growing industries, just at a time when the United States is set to take the opposite tack as Donald J. Trump, a climate-change doubter, prepares to assume the presidency.

The agency said in a statement that China would create more than 13 million jobs in the renewable energy sector by 2020, curb the growth of greenhouse gasses that contribute to global warming and reduce the amount of soot that in recent days has blanketed Beijing and other Chinese cities in a noxious cloud of smog.

China surpassed the United States a decade ago as the world’s biggest emitter of greenhouse gasses, and now discharges about twice as much. For years, its oil and coal industries prospered under powerful political patrons and the growth-above-anything mantra of the ruling Communist Party.
China Aims to Spend at Least $360 Billion on Renewable Energy by 2020

 

[james dixon]

2017 China Electric Car Sales Blow World Out Of The Water — BAIC EC-Series Is A Superstar

The rise and rise of the Chinese plug-in electric vehicle (PEV) market is unstoppable, with yet another record performance in December. A total of 102,000 new passenger PEVs were registered last month, up 130% year over year. Yes, that was just December, and it pulled the year-to-date count to over 600,000 units, up 71% compared to 2016.

As consequence of this rapid growth, in December, the PEV share hit a record 3.3% market share of the entire Chinese auto market, while the entire 2017 PEV market share ended at 2.1%. That’s firmly ahead of last year’s score (1.5%) and above the USA (1.2%) and Europe (~1.9%).

The Chinese PEV market represented roughly half of the 1.2 million plug-ins sold worldwide in 2017, while Chinese carmakers made 47% of all PEVs sold last year.
https://tinyurl.com/ybe5rcb7

 

[Nous]

New estimates of worldwide crude oil reserves total 1.651 trillion bbl
(1,651,000,000,000)
https://tinyurl.com/ycvg5odz

In 2010, global crude oil demand was 86.4 million barrels per day.
86,400,000,000x365=315360000000000000
Daily global crude oil demand 2006-2018 | Statistic


1,651,000,000,000/315360000000000000=19 years left


My math might be off but it looks like, at current rate of consumption all the known oil reserves will be used up in 19 years.

If the numbers are correct, we need to act now before it is too late !!
Any suggestions?

Yes, we should do everything possible, as quickly as possible, to try to meet our energy needs in environmentally responsible ways. There isn't the remote possibility of doing by use of only wind and solar installations, and hydro-power is one of the most environmentally destructive ways of producing electricity, besides the fact that the large contributions of GHGs involved in energy production by hydro-power plants and reservoirs are not "green". See links on this ever-popular thread: The Real Obstacle to Responsibly Meeting the World's Energy Needs Is Not Unbelief in AGW Safe, clean nuclear power is only the possible way to meet our energy requirements in the foreseeable future.

 

[Jayhawker Soule]

The poll actually asks: Should we act now before it's too late?

Seriously? Damn, some people are so predictably funny.​

Parenthetically, there's a difference between oil reserves and oil resources.

 

[Twilight Hue]

2017 China Electric Car Sales Blow World Out Of The Water — BAIC EC-Series Is A Superstar

The rise and rise of the Chinese plug-in electric vehicle (PEV) market is unstoppable, with yet another record performance in December. A total of 102,000 new passenger PEVs were registered last month, up 130% year over year. Yes, that was just December, and it pulled the year-to-date count to over 600,000 units, up 71% compared to 2016.

As consequence of this rapid growth, in December, the PEV share hit a record 3.3% market share of the entire Chinese auto market, while the entire 2017 PEV market share ended at 2.1%. That’s firmly ahead of last year’s score (1.5%) and above the USA (1.2%) and Europe (~1.9%).

The Chinese PEV market represented roughly half of the 1.2 million plug-ins sold worldwide in 2017, while Chinese carmakers made 47% of all PEVs sold last year.
https://tinyurl.com/ybe5rcb7

So I wonder where the future expenditure and source of energy is going to come from the massive endeavor of consistently and continually charging millions of electric cars?

 

[YmirGF]

The poll actually asks: Should we act now before it's too late?

Seriously? Damn, some people are so predictably funny.​

Parenthetically, there's a difference between oil reserves and oil resources.

As astute as always, Jay.

 

[URAVIP2ME]

If the numbers are correct, we need to act now before it is too late !!
Any suggestions?

I find the ' need to act..... ' was even part of the first Earth Day project.
Some projects are just too BIG for humans to handle.
Or, as Jeremiah 10:23 wrote that man can't direst his step.
So, we need someone who can step in for us.
According to Scripture, have confidence that Jesus will step in before it is too late.
That does Not mean we should do nothing, but besides being responsible Citizens of Earth, we need to tell others as Jesus did that only God's kingdom government of Daniel 2:44 is the real solution to mankind's problems.
After all, as King Solomon observed at Ecclesiastes 8:9 that man dominates man to man's hurt or injury.
Mankind's history has proven that to be true, and will continue to be true.
Man still advances from bad to worse as per 2 Timothy 3:13.

 

[sun rise]

Perhaps someday we'll run out of some resource or other, but I've been reading about "peak oil" for far to long to take it seriously. The world is moving away from petroleum as some have already noted. I support efforts to use more renewable resources for many reasons including climate change, pollution etc.

 

[Shaul]

Doomsayers have been predicting a coming end of oil for over a hundred years now. It isn’t happening now. If it should ever become an issue the marketplace will take care of the issue. There are alternatives to oil for most applications but they are simply not cost competitive. Should oil ever become scarce enough those alternatives would then become price competitive. No problem.

 

[corynski]

Drill for more. There's still plenty.

You wish....... You might want to read up regarding the exponentially increasing rise in population growth as well as resource usage. I think it is Dr. Al Bartlett who has a video regarding exponential growth... something we all need to learn about.

Here's the video regarding exponential growth...... everyone really needs to see this one...... The discussion about oil reserves is at minute 24......

 

[Stanyon]

I'm pretty sure I heard the same thing about twenty years ago.

 

[Subduction Zone]

Hopefully by then we will largely be off petroleum. At least for transportation purposes. Thanks to people like Elon Musk the electric car is probably the car of the future. With ever increasing renewable sources of electricity hopefully "peak oil" will not be a problem. One thing that will happen if we do not mend our ways is that we will go after more and more risky sources. Trump has already reopened much of off shore drilling. If we do not take steps to replace oil even Democrat candidates will eventually go after off shore oil and other sources that are potentially disastrous environmentally.

I am keeping my hopes up.

 

[Subduction Zone]

I'm pretty sure I heard the same thing about twenty years ago.

Improved efficiency, new oil recovery technology changed that. But at some point improved technology will not be enough if we do not change. And efficiency tends to approach an asymptotic maximum. Sooner or later if we keep using oil in the way we have historically done so we have to run out.

 

[james dixon]

Listen folks, the worlds future energy source will be nuclear.

Nuclear fuel is a substance that is used in nuclear power stations to produce heat to power turbines. Heat is created when nuclear fuel undergoes nuclear fission.

Now that the uranium is in a gaseous form, it is easier to work with. You can put the gas into a centrifuge and spin it up. The centrifuge creates a force thousands of times more powerful than the force of gravity. Because the U-238 atoms are slightly heavier than the U-235 atoms, they tend to move out toward the walls of the centrifuge. The U-235 atoms tend to stay more toward the center of the centrifuge.

Centrifuges are the key to our energy future. We need all the centrifuges we i.e. the world can get our hands on to make the fuel we need to power the world's future energy needs.

Don't let Israel's fear mongering distract us from our true needs.

We, i.e. the world needs Iran's centrifuges to help produce our future energy needs

Do you agree, yes/no and state why?