When will the oil run out? What do you think will happen then?
405824
There will be no more oil
542488
Oil is so politicized these days that I'm sure that you will never be told or be readily allowed access to the real story but please keep trying.\n\nBy the way if you think about it, I mean really think about it, oil is too cheap.
534849
Probably alternative fuels.  It would be nice to spend some research and get some other sources to diversify risk.  Right now, if the Middle East embargoes oil, we would be sunk.  If we had other sources, it wouldn't be as big of a deal.
346998
The almighty dollar is more important now than what will happen in the future.\n\nIt's like the oil companies.  We'll be out of oil in 50-60 years, but right now, we can make money off of it, and we'll just let the younger generation take care of it.\n\nWell, I AM the younger generation.  About the time I retire, the world will have almost NO oil left.  That will be a catostrophic event.  Homes will go cold, tractors will not run, and no one will be able to get to work.  They need to fix this now.\n\nIt's the same with Global Warming.  Except it's a LITTLE further off...hopefully.\n\nI'm sorry for getting a little off topic.  I;'m using it as a point, and I hope everyone understands.  I'm not one of these crazy, neo-enviromentalists; I actually am interested in politics.  And all this has to do with politics.
1168910
There is definitely a crisis. Energy demand continues to rise much faster than supply can compensate and to top it all off we are quickly approaching the limit of all cheaply available petroleum.
358134
Although there's a lot of oil left in the world, and we agree that there's roughly 900 to 1,000 gigabarrels of oil left in the world, you need to put that in context. Up until the Carter years, every decade, we used as much oil as had been used in all of previous history. Now, with exponential growth, if you're at about a 7 percent growth rate, and we were using oil at about 7 percent more per year, the world was, that explains how we got on that curve. Now, the fact that we have about half of all the oil that was ever in the world still there, doesn't mean that the next 50 years, 100 years are going to be like the last 50 years, 100 years, because the world is now demanding a whole lot more oil. Last year, China increased their use probably 25 percent. In less than three years, that doubles their use of oil. They probably won't continue on that growth path, but India's increasing. China's now the No. 2 importer in the world. What are the consequences of this? Boy, economic and geopolitical. When the world recognizes that there's only so much oil that can be produced, and we need more oil -- by the way, if our economy doesn't grow at least 2 percent a year, we can't service our debt. And if we don't think the economy's growing at 2 percent a year, the stock market starts tanking. You know, we have to get used to the fact that there is not going to be oil in the quantities there have been in the past available in the future, and we should have started a long time ago, 'cause we knew -- the world knew -- by at least 1980, that M. King Hubbert was right about our country. If he's right about the United States, why shouldn't he be right about the world? And we should have been doing some things that we've now blown 25 years, that we could have been doing some very meaningful things to prepare for this time when the world reaches its peak ability to produce oil. We didn't do those things then. We really need to start doing them now.
373683
Civilization as we know it is coming to an end soon. This is not the wacky proclamation of a doomsday cult, apocalypse bible prophecy sect, or conspiracy theory society. Rather, it is the scientific conclusion of the best paid, most widely-respected geologists, physicists, and investment bankers in the world. These are rational, professional, conservative individuals who are absolutely terrified by a phenomenon known as global "Peak Oil."\n\n"Are We 'Running Out'? I Thought There Was 40 Years of the Stuff Left"\n\nOil will not just "run out" because all oil production follows a bell curve. This is true whether we're talking about an individual field, a country, or on the planet as a whole.  \n\nOil is increasingly plentiful on the upslope of the bell curve, increasingly scarce and expensive on the down slope. The peak of the curve coincides with the point at which the endowment of oil has been 50 percent depleted. Once the peak is passed, oil production begins to go down while cost begins to go up.\n\nIn practical and considerably oversimplified terms, this means that if 2000 was the year of global Peak Oil, worldwide oil production in the year 2020 will be the same as it was in 1980. However, the world’s population in 2020 will be both much larger (approximately twice) and much more industrialized (oil-dependent) than it was in 1980. Consequently, worldwide demand for oil will outpace worldwide production of oil by a significant margin. As a result, the price will skyrocket, oil-dependant economies will crumble, and resource wars will explode.\n\nThe issue is not one of "running out" so much as it is not having enough to keep our economy running. In this regard, the ramifications of Peak Oil for our civilization are similar to the ramifications of dehydration for the human body. The human body is 70 percent water. The body of a 200 pound man thus holds 140 pounds of water. Because water is so crucial to everything the human body does, the man doesn't need to lose all 140 pounds of water weight before collapsing due to dehydration. A loss of as little as 10-15 pounds of water may be enough to kill him.\n\nIn a similar sense, an oil-based economy such as ours doesn't need to deplete its entire reserve of oil before it begins to collapse. A shortfall between demand and supply as little as 10-15 percent is enough to wholly shatter an oil-dependent economy and reduce its citizenry to poverty.\n\nThe effects of even a small drop in production can be devastating. For instance, during the 1970s oil shocks, shortfalls in production as small as 5% caused the price of oil to nearly quadruple. The same thing happened in California a few years ago with natural gas: a production drop of less than 5% caused prices to skyrocket by 400%.\n\nFortunately, those price shocks were only temporary.\n\nThe coming oil shocks won't be so short-lived. They represent the onset of a new, permanent condition. Once the decline gets under way, production will drop (conservatively) by 3% per year, every year.
561541
Try Reading the END OF OIL by Paul Roberts.\nIt'll run out a darn-sight sooner than we thought!\nOIL companies have/did lie about the amount of oil they have left.\nThe oil that is being pumped now has 2 go thru more refining than ever B4 & is down 2 the amount of Sea water they pump in 2 the fields.\nEverytime a alternative 2 oil is investigated the Oil companies surpress the data.  They R not going 2 give up on oil until every last drop has been extracted & no-one can predict exactly what affect this will have on the Planet. I'm sure that any warnings would proberly supressed by the oil companies 2.
1179791
I'm not being awkward but the answer is easy.\n\nThe oil companies are developing the replacement.  They have far too much to lose to not cover their future.\nWould you want to explain to the shareholders?  Oh dear we've run out of oil, that's your lot & no more money.\n\nThey're busy working away at it & it's anybodies guess right now what that alternative might be.\nAny takers?
643735
We have already - It's just a matter of the 'powers that be' letting it on to the market. That won't happen until crude oil is almost completely depleted and they can make top dollar on the substitutes (or take your house, first child etc...).
428048
I heard on the discovery channle not to long ago that if we keep using oil at the pace we are.. we'll run out in about 20-25 years.\n\nThat is if they don't find anymore oil to put wells on
900566
Hey, how is it going? I'm not an specialist in oil research, but I had to do a report on the increment of city revenues - the main source it's a oil refinery.\nThere are two good websites: World Energy Outlook and the Energy Information Administration (EIA).\nThe reports on the EIA are much more comprehensive and have projections until 2030. There's also access to previous reports.\nI hope that information will help you!
873620
If they release oil reserves every time the price rises a little it will go down, but we will pay for it dearly when the oil producing countries see that our reserves are getting low. Six years ago our reserves were at an all time low. We held our own for a while but eventually the suppliers realized we didn't have backup and that's how we reached the all time high prices. Several months ago the reserves were in the ninety percent range and that is when it finally started dropping. If they do use the reserves properly gas prices will remain stable. If it does drop dramatically look out we will pay for it later.
980107
YES it is all about oil. It will not change unless there is a revolution or Revelation. Our children will continue to DIE to support the "status quo" failed petroleum policy of GWB and Company.\n\nRead the White House energy policy signed by Dick Cheney. Not much about getting out of the Oil Economy here:\nhttp://www.whitehouse.gov/energy/summaries.pdf
480998
They're high.  But I think don't think we're in the "too high" range yet.  That'll probably be this summer and the year after.  We're still around 80% of the all time high for gas compared to the oil crisis we had years ago.
794964
Our home is headed for ruination. All the reports including one i saw on the news today regarding the fish stocks in the sea needing to be protected from commercial fishing , fossil fuels like gas, oil,  climate change, deforestation.  We will not make it past 2050 without radical change.\n         Revelation 11  v 17.
961935
till there is no more oil in iraq