Anorthernsoul 1221 Posted May 31, 2015 Share Posted May 31, 2015 What year will it run out? Link to comment Share on other sites More sharing options...
Kevin Carr's Gloves 3963 Posted May 31, 2015 Share Posted May 31, 2015 2070 Link to comment Share on other sites More sharing options...
Rob W 0 Posted June 7, 2015 Share Posted June 7, 2015 well ths Saudis have 600 years of reserves.......................... Russia probably more and western companies don't bother looking for any oil that they can't bring on stream in more than 5-10 years just doesn't make sense to spend cash now on sommat you aren't going to need for decades Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted June 7, 2015 Share Posted June 7, 2015 The answer is never. Even if there was a theoretically possible moment when oil runs out, we will never arrive at that point. As the notion of 'running out' would entail a massive restriction in supply, the ensuing price rises would be so big that investing enormous sums of money into more efficient alternatives would become overwhelmingly attractive. At this point, the alternatives would require 'sunk costs' of investment meaning behaviors would automatically shift away before the oil runs out completely. Of course the shift to alternatives may happen sooner in which even more oil would be left. Answer: Never. Link to comment Share on other sites More sharing options...
Kevin Carr's Gloves 3963 Posted June 7, 2015 Share Posted June 7, 2015 well ths Saudis have 600 years of reserves.......................... Russia probably more and western companies don't bother looking for any oil that they can't bring on stream in more than 5-10 years just doesn't make sense to spend cash now on sommat you aren't going to need for decades According to a BP report they reckon at current consumption rates the world has 40 yeas of oil reserves left. Link to comment Share on other sites More sharing options...
Howmanheyman 33828 Posted June 7, 2015 Share Posted June 7, 2015 According to a BP report they reckon at current consumption rates the world has 40 yeas of oil reserves left. That's just what they want you to think. /Parky Link to comment Share on other sites More sharing options...
Makom 0 Posted June 7, 2015 Share Posted June 7, 2015 I'm still wondering why he even wanted to know. Clearly keeping us all in suspense..... Link to comment Share on other sites More sharing options...
toonotl 3106 Posted June 7, 2015 Share Posted June 7, 2015 Buying an old timey lamp shop? Link to comment Share on other sites More sharing options...
Anorthernsoul 1221 Posted June 8, 2015 Author Share Posted June 8, 2015 (edited) I'm still wondering why he even wanted to know. Clearly keeping us all in suspense..... Fuck off you Pennywell Dwelling cum bucket. Edited June 8, 2015 by Anorthernsoul Link to comment Share on other sites More sharing options...
toonotl 3106 Posted June 8, 2015 Share Posted June 8, 2015 Link to comment Share on other sites More sharing options...
Makom 0 Posted June 8, 2015 Share Posted June 8, 2015 Rattled. Clearly a terrorist planning some kind of attack on the world's oil supply. When will these evil bastards learn? We are not afraid! Link to comment Share on other sites More sharing options...
toonotl 3106 Posted June 9, 2015 Share Posted June 9, 2015 Death to cum bucket. Link to comment Share on other sites More sharing options...
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