when is the oil going to run out

problem is all that oil under CO or wherever is oil shale.... it WASNT cost effective to use it at first.. but with oil prices rising it might soon be more cost effective to mine and refine that shit than buy from the ragheads.

 
2nd Tuesday of next week, or so i hear.

The oil situation is only a crisis when it affects the oil companies profits. It never has and never will . Refineries cannot keep up with demand do to the cost to do so:rolleyes:, thus creating a shortage of refined product that in turn = higher prices at the pump that equals record profits for oil companies. This is a shell game that is being played on the hard working people and businesses that rely on gasoline and diesel for every aspect of making a living. trading prices are now being affected by what leaders of the oil nations are threatening to do, not doing but threatening.

 
With the rising cost of oil and gas its in the news every day. I'm reading these articles about how many MILLIONS of Barrels of oil they are pumping out of the earth every single day. This boggles my mind, this is not a renewable resource! Just when are we going to **** the planet dry, and what do we do then?? Why isn't every scientist working on alternative energy solutions?? Or does this technology already exist and big oil is keeping it locked away so they can continue making their BILLIONS???
Let me say this.

THIS IS A CAR AUDIO WEBSITE, WHY THE **** ARE YOU ASKING US?!?!?!?!?!? //content.invisioncic.com/y282845/emoticons/wow.gif.23d729408e9177caa2a0ed6a2ba6588e.gif:wow://content.invisioncic.com/y282845/emoticons/eek.gif.771b7a90cf45cabdc554ff1121c21c4a.gif:eek://content.invisioncic.com/y282845/emoticons/wow.gif.23d729408e9177caa2a0ed6a2ba6588e.gif:wow://content.invisioncic.com/y282845/emoticons/eek.gif.771b7a90cf45cabdc554ff1121c21c4a.gif:eek:

 
The higher cost/bbl oil helps the oil companies do research on how to produce fossil fuels. Past research has found that:

Conventional pumping/natural flow from oil wells only extracts ~10% of the oil in any formation being produced

Sacrificing ~ 1/3 of an oilfield to injection wells and pumping water into formation will extract ~15%

Pumping slugs of CO2(like what carbonates your fountain drinks) along with water into injection wells will get up to 25% of the oil out of the ground in the area surrounding a producing well bore.

That is as far as scientists have figured out so far. I've seen 'dried up' wells produce 800bbl a day in an injection field.

Oil does not need to be over $100/bbl, much less $140/bbl. The oil companies were making tons of profit at $60/bbl. They could spend money on research and still twist profits in the billions at $80/bbl.

 
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SteveSkal

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