by jdmartin » Thu 23 Jun 2005, 13:21:32
I must preface this post with the fact that some of the official numbers look dubious to me - the worldwide geology estimate was that there was 2 trillion barrels always available, and we've burned a trillion in history, and there's a trillion barrels listed as reserves, so theoretically there should be no more than token stuff to be found.
According to generally accepted mainstream numbers, there's a little more than a trillion barrels in reserves (interesting to me that according to official numbers we [the world] replaced 31 billion barrels last year, but I digress).
At our current rate, with no increase in consumption -84 MBD - we're using almost 31 billion barrels per year. If you assume that we could pump every bit of the reserves out of the ground, and that every bit of the reserves was there in the amount you're talking about, that's 38 years left of oil. Pumping at our current usage. If you bump up consumption to 100 MBD, and assume we could pump that, you're talking 30 years.
That means that in year 30, you'd pump the last drops out of the ground and there would be zero oil in year 31. Of course, we are aware that oil does pump on some kind of curve, either sharp or gradual, and that it generally seems that the wells slow down until they produce nothing of value.
Taking all of that into account, and even allowing that they find more oil that no one ever dreamed might have been out there, you're talking probably no more than 15-16 years before we are at peak oil.
So assume for sake of argument many of us are wrong and that peak won't hit for 15 years. Does anyone with any knowledge of the world really believe that in 15 years we'll be ready to begin transitioning in a serious way to another fuel source?
My entire point is this: why doesn't this basic math make a believer out of everyone that peak oil is near, even if there's disagreement on whether it's next year or 15 years from now? People who believe that peak oil is 40 or 50 years away are living in fantasyland - they just need to look at the numbers.
So your thoughts: is it wishful thinking, blissful ignorance, unbridled optimism, what?
After fueling up their cars, Twyman says they bowed their heads and asked God for cheaper gas.There was no immediate answer, but he says other motorists joined in and the service station owner didn't run them off.