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The Era of Oil Is Nearing Its End: Do You Agree?

Daryl 2012/08/14 22:00:00
Related Topics: Oil, America, Oil Industry
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MCCLATCHYDC.COM reports:
After nearly a decade of warnings that the world’s oil supply was running out, Americans now are hearing about technology breakthroughs that can unlock vast U.S. deposits of natural gas, help reverse a 40-year slide in domestic oil production and perhaps transform America into the next Middle East. But despite the euphoria, there’s a major problem: The looming American oil glut may simply not be enough to sate the United States and the rest of motorized humanity.
looming american oil glut simply sate united rest motorized humanity

Read More: http://www.mcclatchydc.com/2012/08/12/160930/is-th...

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  • Hawkeye krayzrick 2012/08/15 16:02:35
    Hawkeye
    +3
    Actually.. The earth IS the factory that makes oil.. The problem is that it takes millions of years..

    Must be UNION workers..

    ROFLMAO....
  • krayzrick Hawkeye 2012/08/15 22:49:52 (edited)
    krayzrick
    "Prevailing wisdom, based on over a hundred years of production history, has it that crude oil was formed from layers of dead organisms lying on the sea floor for millions of years. Over time, sand, clay, and limestone layers covered the rich organic sediments, which are typically fine-grained shales, choking out oxygen and allowing bacteria to break down the organisms.

    As the organic-rich sediment was covered with more and more layers of earth, the weight of the overburden caused pressure and heat to transform the organic material into one of the various phases of hydrocarbon (natural gas, crude oil, or bitumen - see oil definition discussion). Scientists call this organic-rich sediment layer the source rock, as it is where oil is created.

    It is estimated that it took millions of years to convert the organic matter into the quantities of hydrocarbon produced in the oil fields of today (see oil accumulation, and oil location discussions)."

    ((((( As a result, oil is considered a finite resource.)))))
  • darthtbone 2012/08/15 12:24:06
    No
    darthtbone
    +3
    No I am not worried. If one thing has been proven time and again with humans it is that necessity is the mother of invention.

    In reality we should be using all of our options. Oil, coal, nuclear, hydro, solar, geothermal, wind. All of these are options that should be tapped. The issue we run into is that the "green" energy technologies are in their infancy, and not practical.

    Make no mistake, Barack Obama and the liberals are the ones forcing a divide on this. No one flipped a switch and lit up the entire US on coal power, or just put millions of cars on the road to run off gasoline. These things take time.

    Obama and the liberals have one goal in mind, to make money. Al Gore, Obama, et al. are all heavily invested in these green energy companies. They are trying to force the market before it is ready. Part of this scheme is to make the oil and coal industries go bankrupt. At any cost, at YOUR cost.
  • Schläue~© 2012/08/15 12:08:57
    No
    Schläue~©
    +4
    As Romney said yesterday, 0bozo's 'all the above' approach must mean everything above ground which means whirly-birds and Sun sponges.

    Barry knows the USA has more underground resources than the ME and S. America combined. He keeps barking that 2% bullsh!t because he's quoting a very narrow definition of 'proven reserves' and most Americans don't know what the term, technically means.

    We have the equivalent of 3 Trillion barrels of crude, trapped in shale under UT, WY and CO, known as the Green River Formation, which the land has been gobbled up by the Federal govt. for the past 50 years. Shell Oil and other companies have completed all the test drilling long ago and it just sits there waiting for the permits to be issued.

    Millions of jobs and energy independence are being blocked by Proglodytes and the green energy clown crew. The ME is running short on resources and 0bozo envisions himself the Caliph of the continent, formerly known as N. America,
  • Ben 2012/08/15 11:53:07
    No
    Ben
    It will face severe shortages (both due to oil being harder to obtain and significantly increased demand from emerging economies) during my lifetime, but there will always be a place for oil for a few more decades to come. And hopefully by then, we'll have found alternatives to many of our oil uses - Cheap non-oil polymers, fusion power etc.
  • Hawkeye 2012/08/15 11:50:57
    No
    Hawkeye
    +3
    For ONE thing these predictions have NOT been made for a decade.. I've been hearing this since the embargo days of the early 70s and at least TWO deadlines for the last drop of oil to be pumped has long since come and gone..

    The realization that Oil will not last forever and the move to explore,, develope and impliment alternative sources of energy are noble and reasonable moves in the right direction..

    But we MUST be cautious..Attempting to throw out the Old before the new has proven itself viable could very well be the most disastrous course to take..

    We should be looking to REPLACE oil with a PROVEN alternative(s) and NOT simply discard it without one..
  • marcuss....PHART 2012/08/15 11:22:49 (edited)
    No
    marcuss....PHART
    +2
    What will we run the country on? I know..the kool aid the 0WEbsma zombies chug. Petroleum is involved in everything consumed.
  • mal 2012/08/15 11:19:19
    No
    mal
    +2
    There is plenty of oil.
  • Andrew 2012/08/15 09:42:32
    No
    Andrew
    +2
    Oil has been a viable source of energy for over 100 years. It has caused us to enjoy many conveniences that would not otherwise have been available to us, from energy, to plastics and to pharmacueticals. We are learning how to use it much more efficiently and with less pollutant being spewed into the atmosphere. Now, those who hate America are attacking the oil industry from every angle, hoping to end its use. What they fail to account for is the total inefficiency of other sources of energy and the many harmful polllutants needed to manufacture batteries, solar panels, ect! All energy sources have their drawbacks. The fact is, oil is the most efficient source of energy and also the most reliable. Can you imagine the number of square miles of solar panels that would be needed to run all the air conditioners on a sweltering hot summer day. We cannot afford the high cost and maintenance associated with solar power and it would fail us much more often then coal and oil fired electricity generation. If you think the electrical failures that caused the deaths of hundreds in the Chicago area a few years back were bad, just wait until all we have to depend on is energy from solar or wind!
  • ScooterballUSA 2012/08/15 09:31:56
    No
    ScooterballUSA
    +1
    Easy fossil fuel is still better even if you think Nuclear Energy plants are the answer.
    Radiation is the problem of getting rid of the enriched rods once used and out of service.
    They will be destruction of planet earth as we know it.
  • Charles Braley 2012/08/15 08:54:01
    No
    Charles Braley
    At least for the next 3 or 4 generations, anyways.
  • Bcounted 2012/08/15 08:22:17
    No
    Bcounted
    +1
    There is plenty of oil sadly, we have allowed big oil to lease the land without drilling it. Drill baby drill is a great saying but not for the reason one might think. Oil companies need to drill the leased or purchased land or lose it to a company that will produce the oil.
    Bcounted.
  • Dickens 2012/08/15 07:49:47
    Yes
    Dickens
    ...of course it is..it's ending because the oil is rapidly running out..."drill baby, drill" all you want, but it's a finite resource and it IS running out...
  • Schläue~© Dickens 2012/08/15 12:10:09 (edited)
    Schläue~©
    +1
    So you buy into that line of bullsh!t, hook - line & sinker?
  • JERSEYDUDE 2012/08/15 07:31:38
    Yes
    JERSEYDUDE
    we can only hope
  • gocar 2012/08/15 06:35:01
    Yes
    gocar
    I think it is nearing it's end. Oil has been a major factor in too many wars and too much defense spending. We are not exporting oil but we really need to start thinking out of the box for other forms of energy before the half century is reached.
  • Schläue~© gocar 2012/08/15 12:12:16
    Schläue~©
    +1
    Not exporting oil? Are you living under a rock somewhere in the High Sierras?
  • Juan O'Mara 2012/08/15 05:56:31
    No
    Juan O'Mara
    +1
    Like Peter Griffin said "A chicken in every pot a cap in every ass"
  • rustyshackelford 2012/08/15 05:49:13
  • redhorse29 2012/08/15 05:45:03
    No
    redhorse29
    +1
    No. In ten or twenty years we will still be using oil. More likely we will be using oil 100 years from now. Other forms of energy may exist but oil will still be here.
  • hapman 2012/08/15 05:39:09
    Yes
    hapman
    +2
    I've read a lot of books and seen a lot of documentaries about this. every one of them concluded that oil is running out. I have never heard a credible opinion that says it isn't. if you've got evidence that says it isn't, Id like to see it.

    halliburton
  • susan hapman 2012/08/15 15:45:29
    susan
    Very limited reading on your part. Choose better books and look for other sources. They are out there.
  • hapman susan 2012/08/15 17:39:39
    hapman
    ok. I'll check it out. thanks.
  • Gregaj7 2012/08/15 05:35:51
    No
    Gregaj7
    +2
    Still WAY too lucrative. This is also why the "alternative" energy efforts, including transportation, are intentionally being sabotaged in one form or another.
  • JanHopkins 2012/08/15 05:32:14
    No
    JanHopkins
    I was born equipped with feet and I still know how to use them. Tedious? Yes. Impossible? No.
  • John Rafael 2012/08/15 05:25:35
    No
    John Rafael
    +1
    we still need oil for everything from road construction to plastic...
  • jool 2012/08/15 04:45:03
    No
    jool
    we need to minimize the EPA.
  • Birthpangs 2012/08/15 04:37:39
  • John Galt 2012/08/15 04:37:36
    No
    John Galt
    +2
    Not by a longshot!
  • Wesloco 2012/08/15 04:09:16
    No
    Wesloco
    +1
    But it has to end because we are microwaving the world!
  • Stormy 2012/08/15 04:05:46 (edited)
    Yes
    Stormy
    +2
    The "low hanging fruit " has been plundered and we are sliding down the wrong side of the bell curve of peak oil. As a consequence of burning all that oil and coal, we are also dealing with the constant weather disasters, crop failures, infra structure destruction etc. So yes we should make progress and turn our backs on oil.
  • Birthpangs Stormy 2012/08/15 04:39:01
  • Stormy Birthpangs 2012/08/15 06:04:35
    Stormy
    What is ? Peak Oil or AGW ? Did you read the article ?
  • Birthpangs Stormy 2012/08/15 16:44:26 (edited)
  • Farbiger 2012/08/15 03:46:22
  • ~HopelessRomanticM17~ 2012/08/15 03:44:06
    No
    ~HopelessRomanticM17~
    +1
    No, I think it's still in the middle of it's prime
  • zbacku 2012/08/15 03:42:31
    No
    zbacku
    +3
    no
    There is NOTHING to replace oil right now. The Environmental Wackos, Liberals and the brain dead want to DESTROY America. It's time to vote all Democrats out of office.
  • Stormy zbacku 2012/08/15 06:06:06
    Stormy
    Algae bio - diesel replaces oil and captures carbon from the atmosphere. Win win.
  • Frank 2012/08/15 03:25:32
    No
    Frank
    +3
    Are you kidding. Petroleum is used in 75% of the products in the US, and other Coutries. Someone explain to me the solar, or other power thats going to move appx. one hundred, 110 car coal trains, each car a hundred tons, thousands of miles to power plants all over the Country so you can have your electricity. coal train
  • Stormy Frank 2012/08/15 06:07:38
    Stormy
    algae bio-diesel.

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