Exclusive: At current rates of consumption, the U.S. has at least two centuries of oil, report says
Predictions that the U.S. and the world would run out of fossil fuels go back decades, and these predictions have so far turned out to be wrong. A new report shows the U.S. has 227 of oil, 130 years of gas, and 485 years of coal.
Eventually people will figure out that oil and natural gas are not "fossil fuels", and that the supply from a human perspective is almost infinite.
Also, we are currently in a "CO2 famine", so raising the CO2 levels of the atmosphere is one of the best things we can do to ensure that terrestrial life on Earth does not go extinct.
If CO2 gets down to 155 ppm, plant growth stops... which means all other terrestrial life would die. During the last ice age, which ended 11,000 years ago, it got down to 180 ppm.
Ideally, CO2 would be at least 1000 ppm or better, as it has been throughout most of Earth's past. 400 ppm is still pretty low.
Agreed.
The fear of going over 430 PPM of Co2 is really unfounded because the earth is a system that will rebalance itself through the hydrological cycle and the increased growth of vegetation.
We will never run out.
Pretty much why the globalists had to shut down the production. They couldn't convince us it was running out. Plus keeps the price artificially high.
True
Correct. Virtually infinite energy in the forms of coal, oil, and natural gas. Also nuclear if we could mine our own uranium. And virtually infinite clean water if we drill down 800-1200 feet in key locations.
Known resource constraints in US (including Alaska and Hawaii) get hit at around 20B people (estimate). Worldwide somewhere around 300B, but we find more resources or advance tech to compensate as we go. Known Earth land area can probably support 800B people if we double CO2 concentration (to get higher yielding crops).
“Oil is abiotic” the earth makes it. We will never run out. According to the experts we should have run out in the 60s, 70s, 80s, 90s ….
Bull Shiza it is a continual resource. Constantly being made and remade.
peak oil has always been bullshit
The issue is not now, nor has it ever been, about proven reserves. These are political attempts to obfuscate the problem. It has ALWAYS been about flow rates.
Oil doesn't exist as a puddle you suck out with a straw at any rate you want. It must be squeezed out through tiny fractures in a rock. And if you push with too much pressure, the water cuts through and the remaining oil gets stranded.
It annoys me that this has become such a political issue that nobody talks about the real challenges in this.
There is multi directional drilling now and GPR has improved a lot due to advances in computing.
In truth there are so many oil reserves out there we will never run out. I mean the majority of oil found in the oceans is from natural seeps. Natural seeps dwarf the oil released by humanity into the oceans through accidents or other means.
I think by the time the dust begins to settle people will be shocked to learn just what is truly scarce and abundant. One of the biggest things keeping me from being more confident about gold in particular is the seemingly well founded rumors of MASSIVE gold deposits underneath the Grand Canyon, possibly even the reason it was elevated culturally to such a degree over other impressive natural formations, allowing the Feds to lock it down completely.
Agreed. Gold has been pursued and horded for thousands of years by many different nations and cultures. It's all been taken from us "non-elites" with both incentives (cash for gold) and removal of the gold standard.
Since gold's industrial use (vs things like silver) is not very large, it's not as mobile as other precious metals and, because of that, it's far more likely to be hidden off ledger. I believe there is FAR FAR more gold out there than we could even consider and that the pricing of it may fluctuate wildly for a long time to come.
I'm not a finance guy by any means, but knowing what I know about the precious metal situation, I'm far more interested in silver than gold for the reasons mentioned above.
Same with diamonds, they are not nearly as scarce as the diamond industry would have you believe.
Gold made scarce artificially to honor luciferian “sungod worship” to supplant silver which historically was used to “reflect the glory of God”. Also done to allow satanists to “hoard wealth” in gold.
Due to silver “destruction” via use in manufacturing and mining of most easily accessible deposits (discounting what may be found with hidden gold), the correct market price of silver may be an usuppressed 1:1 ratio with gold price of around $50k per ounce (in current dollar terms based on historical devaluation of $ and purchasing power of 1 oz of gold).
Largest untapped gold deposit in US (maybe world) is likely in Yellowstone volcano caldera. Why do you think they called it “Yellowstone”? Right in our faces. Magma brings gold/silver up near surface where it can be mined.
Probable locations of large US gold deposits in order of probability:
Yellowstone NP
All Alaska Nat’l Parks & Wildlife Preserves
Grand Canyon NP
Yosemite NP
Mt. Zion NP, and other Western NPs
Under Lake Mead (Hoover Dam) and similar reservoirs; and under “Fed Lands”, esp. in Nevada.
Under Native American “reservations”. What is being “reserved”? Why does Dept of Interior prevent drilling and mining in most cases?
In seawater via molecular extraction/reassembly.
There is three trillion barrels of untapped oil just in the Green River shales. And this is just one of the large shale formations in the Rockies. There are untapped sources in Tennessee, Kentucky, Indiana and elsewhere around our country. There is more oil under our nation than all the worlds known reserves plus every drop ever consumed, combined.
Correct. Gulf of Mexico, Alaska, California, Pennsylvania, and Texas EACH have more oil than Saudi Arabia.
Oil is formed continuously….
Meanwhile Russias discovering billions of barrels worth of gas lol.
Hold my beer!
Oil is a renewable resource.
I saw an few articles awhile back that stated once dry oil wells have new oil in them some 40 years later.
too many of them on the advisory board, I don't trust the results
Add some more nuclear and those numbers get bigger.
And far longer once using hydrogen becomes a thing.