World oil and gas "running out"

[GrGr]

World oil and gas 'running out'
By CNN's Graham Jones
Thursday, October 2, 2003 Posted: 1245 GMT ( 8:45 PM HKT)

Global oil supplies will peak soon after 2010, Swedish scientists say.

LONDON, England -- Global warming will never bring a "doomsday scenario" a team of scientists says -- because oil and gas are running out much faster than thought.

The world's oil reserves are up to 80 percent less than predicted, a team from Sweden's University of Uppsala says. Production levels will peak in about 10 years' time, they say.


CNN

War for oil, anyone?

 

[bigdog1218]

Weren't we supposed to run out of oil already?

 

[Zebo]

Originally posted by: bigdog1218
Weren't we supposed to run out of oil already?

Yep they've been saying 10-20 years since the 19th century.

We have 500 years in SA alone. The "empty quarter" has'nt even been explored at all which contains the bulk.

 

[P.O.W.]

The closer we are to running out the better. My next car will be a diesel engine.

 

[desy]

We are running out of the easy to get oil, not oil itself.
Which means it will cost more.

 

[Aegion]

Actually with thermal depolymerization, this may not be such a concern anymore.

In an industrial park in Philadelphia sits a new machine that can change almost anything into oil.
Really...

Andreassen and others anticipate that a large chunk of the world's agricultural, industrial, and municipal waste may someday go into thermal depolymerization machines scattered all over the globe. If the process works as well as its creators claim, not only would most toxic waste problems become history, so would imported oil. Just converting all the U.S. agricultural waste into oil and gas would yield the energy equivalent of 4 billion barrels of oil annually. In 2001 the United States imported 4.2 billion barrels of oil. Referring to U.S. dependence on oil from the volatile Middle East, R. James Woolsey, former CIA director and an adviser to Changing World Technologies, says, "This technology offers a beginning of a way away from this."...

And it will be profitable, promises Appel. "We've done so much testing in Philadelphia, we already know the costs," he says. "This is our first-out plant, and we estimate we'll make oil at $15 a barrel. In three to five years, we'll drop that to $10, the same as a medium-size oil exploration and production company. And it will get cheaper from there."

 

[zephyrprime]

I find this study to be a little hard to believe since they've been saying the same thing for so long and it hasn't come to pass.

We have 500 years in SA alone.

I also find this hard to believe. According to this: www.eia.doe.gov/emeu/cabs/saudi.html, saudi arabia has maybe 1 trillion in ultimately recoverable reserves. At current expenditure rates, this would yield only 40years of supply from saudi arabia alone.
http://apec.kigam.re.kr/ogf/statistics/oil&gas_98/oil/소비/W_Oil_consumption.htm

 

[charrison]

Originally posted by: zephyrprime
I find this study to be a little hard to believe since they've been saying the same thing for so long and it hasn't come to pass.

We have 500 years in SA alone.

I also find this hard to believe. According to this: www.eia.doe.gov/emeu/cabs/saudi.html, saudi arabia has maybe 1 trillion in ultimately recoverable reserves. At current expenditure rates, this would yield only 40years of supply from saudi arabia alone.
http://apec.kigam.re.kr/ogf/statistics/oil&gas_98/oil/%EC%86%8C%EB%B9%84/W_Oil_consumption.htm[/q

At current extraction costs. As extraction costs rise, other forms of oil become available(tar sands, shale, more offshore,.....)

 

[XZeroII]

Originally posted by: Aegion
Actually with thermal depolymerization, this may not be such a concern anymore.

In an industrial park in Philadelphia sits a new machine that can change almost anything into oil.
Really...

Andreassen and others anticipate that a large chunk of the world's agricultural, industrial, and municipal waste may someday go into thermal depolymerization machines scattered all over the globe. If the process works as well as its creators claim, not only would most toxic waste problems become history, so would imported oil. Just converting all the U.S. agricultural waste into oil and gas would yield the energy equivalent of 4 billion barrels of oil annually. In 2001 the United States imported 4.2 billion barrels of oil. Referring to U.S. dependence on oil from the volatile Middle East, R. James Woolsey, former CIA director and an adviser to Changing World Technologies, says, "This technology offers a beginning of a way away from this."...

And it will be profitable, promises Appel. "We've done so much testing in Philadelphia, we already know the costs," he says. "This is our first-out plant, and we estimate we'll make oil at $15 a barrel. In three to five years, we'll drop that to $10, the same as a medium-size oil exploration and production company. And it will get cheaper from there."

That's sweet! I wonder if this will actually be used, or if it will be burried?

 

[charrison]

Originally posted by: XZeroII

Originally posted by: Aegion
Actually with thermal depolymerization, this may not be such a concern anymore.

In an industrial park in Philadelphia sits a new machine that can change almost anything into oil.
Really...

Andreassen and others anticipate that a large chunk of the world's agricultural, industrial, and municipal waste may someday go into thermal depolymerization machines scattered all over the globe. If the process works as well as its creators claim, not only would most toxic waste problems become history, so would imported oil. Just converting all the U.S. agricultural waste into oil and gas would yield the energy equivalent of 4 billion barrels of oil annually. In 2001 the United States imported 4.2 billion barrels of oil. Referring to U.S. dependence on oil from the volatile Middle East, R. James Woolsey, former CIA director and an adviser to Changing World Technologies, says, "This technology offers a beginning of a way away from this."...

And it will be profitable, promises Appel. "We've done so much testing in Philadelphia, we already know the costs," he says. "This is our first-out plant, and we estimate we'll make oil at $15 a barrel. In three to five years, we'll drop that to $10, the same as a medium-size oil exploration and production company. And it will get cheaper from there."

That's sweet! I wonder if this will actually be used, or if it will be burried?

I dont see it getting burried.

 

[bigdog1218]

I wonder whats going to happen first, nuclear fusion, or running out of oil.

 

[amok]

Originally posted by: bigdog1218
I wonder whats going to happen first, nuclear fusion, or running out of oil.

Lol! I would have to go with nuclear fusion though .

As for the thermal depolymerization process, it does have a lot of potential. The last time I spoke with CWT they only had two plants planned though. Right now that is about the extent of their capital, and they aren't willing to license out their tech until they get some larger plants online and work out the wrinkles in their system.

 

[lozina]

Wasn't there a prediction 2 centuries ago that the world would be bare of trees by now?

 

[amok]

Originally posted by: lozina
Wasn't there a prediction 2 centuries ago that the world would be bare of trees by now?

Bad example. Trees are very renewable .

 

[her209]

it wont matter in 2015

 

[dmcowen674]

Talk about putting the Cart before the Horse. This crap below from a Company that is cranking out Vehicles as big as Tanks and suck down as much gas as a tank right now in 2003.

10-6-2003 Fuel Cell Cars Will Make Hybrids Obsolete, GM Says

But Larry Burns, GM's vice president of research, development and planning, said zero-emission fuel cell vehicles (FCV) will eventually make gasoline-electric hybrids obsolete, rejecting Toyota's view that hybrids will remain on the road even after FCVs become affordable for the average consumer.

 

[heartsurgeon]

the tree huggers were proclaiming the world would run out of oil soon, 35 years ago when i was in high school....
the other favorite statement at the time was that their was a "population crisis" and that to many people were
inhabiting the world.
another favorite saying was people are starving in india, or africa...clean all the food off your plate...
well, people are still starving in africa (you don't hear much about india anymore), and all of use that use to clean our plates off are now obese...

it's amazing how little africa has changed in 40 years...
same faminines, wars, genocides, plagues (different organisms, same outcome)

as you get older, the idealism wears away and you become rather pragmatic..

things don't get better, they just get different..

 

[XZeroII]

Originally posted by: heartsurgeon
the tree huggers were proclaiming the world would run out of oil soon, 35 years ago when i was in high school....
the other favorite statement at the time was that their was a "population crisis" and that to many people were
inhabiting the world.
another favorite saying was people are starving in india, or africa...clean all the food off your plate...
well, people are still starving in africa (you don't hear much about india anymore), and all of use that use to clean our plates off are now obese...

it's amazing how little africa has changed in 40 years...
same faminines, wars, genocides, plagues (different organisms, same outcome)

as you get older, the idealism wears away and you become rather pragmatic..

things don't get better, they just get different..

haha. Too true...