ILikeCarsYesIDo;914176 said:
Wait... do you really believe we're running out of oil?
You're not being facetious?
Nope, not at all... If you looked at that 3rd link from the US energy information admin, you can clearly see that us oil production peaked in exactly October of 1970.. At no point from October 1970 on did the US produce more oil than 310,403 (thousand barrels) a month and this number has slowly decreased over the last 37 years to where we are today at under 150,000 (thousand barrels) a month..
So the US oil production is way down and the same thing is happening all over the world as we speak.
Now, please take a good long look at these 4 charts here from 2006 in this link.
http://www.eia.doe.gov/emeu/cabs/topworldtables1_2.htm
We consumed more than 3 times the oil than any other country in the world..
We imported more than half of all our oil from other countries...
We can not produce enough oil for even half of our consumption....
We do not export oil.
My logic tells me that the clock is ticking....
Do I believe we will run out of oil completely on this planet? No, There will always be some oil but the bulk of it will be too expensive for most of us here to buy.
Do I believe we have 42 years of good oil times left? No, when I listen to the experts in Saudi Arabia say their oil production will be over in 8 years it makes me think we have even less time here as the bulk of our imports come from the middle east..
You boys still don't think we are in Iraq for 100 years like Mccain said because they want our democracy and freedoms do you? Believe that and I got a slightly used oil well to sell you....