[mike7777]

More curios about peak oil and oil dependency as well as our economic future, I decided to figure out the answer to the question, "when will oil run out?"

My approach is based on the fact that rarely do I venture far from the first page of one of the top search engines when looking for information and thinking there might be some general validity to this, I took a survey of these engines and for the results I used a weighted average formula.

What would the first page of MSN, Google, and Yahoo report on the issue, "when will oil run out?"

Only those pages directly making predictions are summarized and factored:

MSN Search ...

Summary:
MSN Average First Page Consensus: 52 years
Google Average First Page Consensus: 52 years
Yahoo Average First Page Consensus: 88 years
Weighted Average Major Search Engine First Page Consensus: 61 years

In answer to my question, "when will oil run out?" The analyzed results of the first page on each major search weighted accordingly reveals that we should have sufficient oil for about 62 years. Therefore, no need for a peak oil panic according to the top search engines on the Internet.

Please note that I had to make an assumption about the predictions of, "never," hence those predictions, based on market factors, and in numerical terms are rounded off to 100 years so this report may contain some margin of error.

Full Article:Peak Oil what do the search engines say?

[DJ_Mittens]

It's an interesting question, however the proper question to ask is not when oil will run out, but rather when will the oil supply be insufficient to meet the demand within a reasonable price point. That's a big mouthful, and hard to search for, so I know why you chose to phrase the question as you did. However, the sources you're asking the question of have ambiguous interpretations of the meaning.

The problem with asking when will the oil run out is that it's somewhat ambiguous. Some sources cite when the supply will reach effective 0. Others cite when a significant decline in supply is reached (with some arbitrary amount as the limit). They also don't take into account increasing costs of extraction, or ever increasing demand.

Yes, the supply, all else being equal, will last many many years, however all else is not even close to equal.

[mike7777]

actually, I agree. it comes down to supply and demand and market factors as a couple of the articles said if gas hits $10 gallon (probably less) in my pocket book, were out of oil. as far as when that happens too many variables eurupe prices us prices, opec control etc.

[Dreamtwister]

$this->bbcode_second_pass_quote('', 'w')hen will oil run out?

[Concerned]

$this->bbcode_second_pass_quote('mike7777', 'M')ore curios about peak oil and oil dependency as well as our economic future, I decided to figure out the answer to the question, "when will oil run out?"

My approach is based on the fact that rarely do I venture far from the first page of one of the top search engines when looking for information and thinking there might be some general validity to this, I took a survey of these engines and for the results I used a weighted average formula.

What would the first page of MSN, Google, and Yahoo report on the issue, "when will oil run out?"

Only those pages directly making predictions are summarized and factored:

MSN Search ...

Summary:
MSN Average First Page Consensus: 52 years
Google Average First Page Consensus: 52 years
Yahoo Average First Page Consensus: 88 years
Weighted Average Major Search Engine First Page Consensus: 61 years

In answer to my question, "when will oil run out?" The analyzed results of the first page on each major search weighted accordingly reveals that we should have sufficient oil for about 62 years. Therefore, no need for a peak oil panic according to the top search engines on the Internet.

Please note that I had to make an assumption about the predictions of, "never," hence those predictions, based on market factors, and in numerical terms are rounded off to 100 years so this report may contain some margin of error.

Full Article:[url=http://www.ifenergy.com/50226711/pea
k_oil_what_do_the_search_engines_say.php]Peak Oil what do the search engines say?[/url]

[Barbara]

To me, 61 years sounds a very good guess.
After Peakoil, we will go on extracting oil; at some point, oil will be extracted more and more slowly, due to well depletion, lack of technology, local use. So, the remaining oil will be extracted drop by drop for a longer time. Then, they'll stop extracting it because they can't afford to go on drilling with sticks.

[MonteQuest]

Based upon current proven reserves and use, we have enough oil to last 37 years if we extracted every drop.

This is the most common number I have seen.

[SoothSayer]

Based upon current proven reserves and use, we have enough oil to last 37 years if we extracted every drop.

So, even ignoring Peak Oil, in about 15 years the "forward shock" of that end date will hit us - or our kids.

Sorry everyone, life is going to get rather awkward in 15 years time.

The world will simply go nuts .... there will be major scheming & conflicts to seize control of that oil ... which I assume will be Middle East oil. In fact, the schemers had better start NOW in order to a good place in the queue ...

Now where exactly is the US building that HUGE "embassy"?

Sheesh - the world has a crate load of problems ahead .... global warming, oil, gas, water ...

I wonder if at some point the sheer weight of the accumulated psychological loads of these various factors will simply send Mr Joe Public crazy in some way ...

In fact, I'm beginning to scare ME ...

[grabby]

Boy how do they come up with 50 years, cant they add up?