The “run out” comes from saying it came from dinosaurs. No more dinosaurs, no more oil. Except that was a common statement back in the 60’s, not a true statement. Just a typical misconception.
Run out comes from wells pulling dry lol. And area sizing , prospecting,for product after production. There's a reason rigs are relocate and Jack's shut down and capped after the oil "dries up". It's gone.
There's a reason those companies and the ones that supply them have contacts to return after 5-15 years to reopen them. The caps are temporary. Go on, check me.
The “run out” comes from saying it came from dinosaurs. No more dinosaurs, no more oil. Except that was a common statement back in the 60’s, not a true statement. Just a typical misconception.
The run out came from the Rockefeller marketing scheme that has been propagated since it was first barreled and used for vehicles.
And they protect that scheme as if it was air.
Just the oil we KNOW OF today would last us another 300-500 years.
The hysteria over shortage is just old govt playbook garbage: fake shortages of everything allow govt to control $upply.
Run out comes from wells pulling dry lol. And area sizing , prospecting,for product after production. There's a reason rigs are relocate and Jack's shut down and capped after the oil "dries up". It's gone.
There's a reason those companies and the ones that supply them have contacts to return after 5-15 years to reopen them. The caps are temporary. Go on, check me.
100%, i have a friend who's family owned a single derrick in west Texas.
It went dry in late 80's, so they shut it off.
In the 2000's oil hit 100.00 a barrel and they decided to pay to have it restarted.
It was now producing over 30 barrels a day.