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Old 06-08-06, 09:27 AM   #16 (permalink)
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According to the report I saw (see my post above), there's at least a 100 year supply left, and as we find better ways to extract oil from difficult sources like deep sea beds, and from sand mixes, and we find better ways of actually finding oil, that supply will get larger. So the statement that we will soon run out is a fallacy perpetuated by OPEC.
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Old 06-08-06, 10:35 AM   #17 (permalink)
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There is oil all over the US. It was just cheaper to use other peoples oil from the beginning. The US is saving its oil until the other sources run dry or are no longer cost effective to use in bulk.
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Old 06-08-06, 10:49 AM   #18 (permalink)
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The is not a consensus among geologists that there is a finite supply of oil. There are cases where abandoned oil fields once thought to be "dry" are now producing oil again. Where did this oil come from? More fossils, or from some other process happening deep within the earth's mantle?
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Old 06-08-06, 10:51 AM   #19 (permalink)
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A recent report cites, "We run out of oil in the next couple of centuries."

Drill, use oil, and develop alternative "energies"; i.e.: wind, water, hydrogen.
Whatever innovative minds can think of.
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Old 06-08-06, 10:56 AM   #20 (permalink)
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Originally Posted by JMJSelect
um.... oil is made from decomposing animals and plants right. so if animals and plants that have decomposed 100 million years ago(I don't know exact figures just guessitmating) and we are using the oil from them, wouldn't in 100 million years from now, after you and me are dead, that humans or who/what ever uses oil would be using oil from a renewable source?

if animals and plants a 100 million years ago is now oil, won't we turn into oil in a 100 million years? and if so isn't that in fact renewable?

Yeah, but we're using it faster than it's being formed, so for our intents and purposes it is considered non-renewable... technically, renewable, but at much lower rates than usage.

However, there is a theory being advanced that oil actually forms from inorganic sources, and that there is more out there than what we think in places that we normally don't go looking for it. (Just shows me the longer I live, the more I have to learn.)
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