ENERGY REPORT
total reserves gives us 52 years of oil supply at the current consumption rate
total reserves gives us 45 years of oil supply at the current consumption rate.
total reserves gives us 23 years of oil supply at the current consumption rate.
total reserves gives us 10 years of oil supply at the current consumption rate. **
what-next**
WHAT NEXT--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
U.S. Energy Information Administration (EIA) - Analysis & Projections
The above report indicates that the US will be using primarily oil as our main energy source through 2030-2020= 10 YEARS ************
The world's total declared reserves are 1,317,400,000,000 barrels (January 2007).
Oil reserves - Wikipedia
World oil consumption 2005 is 80,290,000 barrels per day or 29,305,850,000 per year
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2174rank.html
Dividing annual consumption into
total reserves gives us 44.9 years of oil supply at the current consumption rate.
Update:
Known oil reserves
1,651,000,000,000
Annual consumption of oil
31,536,000,000
1,651,000,000,000 / 31,536,000,000 = 52.3528665652 years.
= 52.3528665652 years.
That was eleven (11)years ago, we are not changing your habits and this spells doom for us all.
The end of the Fossil Fuel era is upon us so what are we going to do next-?
I first started looking into this in 2007)
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
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 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.
Update:
Known oil reserves
1,651,000,000,000
Annual consumption of oil
31,536,000,000
1,651,000,000,000 / 31,536,000,000 = 52.3528665652 years.
= 52.3528665652 years.
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.
The end of the Fossil Fuel era is upon us so what are we going to do next-?
Just curious?
Does anyone have a clue?, I know I don’t
Besides, at 70 I’ll be dead by then so why should I care?
Then again, I have children too
That’s worth carrying for.
Don’t you agree?
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