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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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  • Frank Stormy 2012/08/15 17:37:50
    Frank
    really?.....
  • Joshua Jackson 2012/08/15 02:39:36
    No
    Joshua Jackson
    +2
    is this even a question
  • sketchbone 2012/08/15 02:38:28
    No
    sketchbone
    +2
    Air force one needs it to fly, so do the Navy seals helicopters. Oil will be around for a while. air force one navy seals in helicopter
  • fisherman 2012/08/15 02:30:59
    Yes
    fisherman
    +1
    at least if our dear leader gets another four years , the only mode of transportation that will be left is the amish buggy if the EPA dont regulate horse farts .
  • jumpboots 187th PIR 2012/08/15 02:30:01
    No
    jumpboots 187th PIR
    +2
    There are trillion of barrels of oil still in the ground..
  • V~POTL~PWCM~JLA 2012/08/15 02:22:06
    No
    V~POTL~PWCM~JLA
    +4
    Back in the 1970's, I remember warnings that we only had 30 years of oil left. Since then, I discovered similar warnings that go all the way back to the 1950's. Here we are, and there is no real shortage of oil. Plenty of market manipulation, supply disruptions, collusion, speculation, and contrived shortages, but no real shortage of oil.

    I also remember warnings about the horrors of global cooling. But we can't base new taxes on the fear of cooling, so now the bogeyman is warming. And when it's not warm enough, the bogeyman is "climate change".

    Everyone with a self-serving agenda has some kind of warning to use as a sales pitch.
  • Gracie - Proud Conservative 2012/08/15 02:12:06
    No
    Gracie - Proud Conservative
    +4
    No, I don't believe we're in any danger in the near future. We need to explore our own resources.
  • abubincrazy 2012/08/15 02:04:42
    No
    abubincrazy
    +4
    America has a vast, untapped supply, thanks to America's enemies in the Democrat party.
    OPEC must really love their efforts to keep American dependent on imported oil.
    We can develop the next great energy source, if our imperious government will get out of the way.
    I'm not holding my breath.
  • Herb 2012/08/15 01:42:02
    No
    Herb
    +4
    we have tons in the ground and in shale we need to also do ofshore drilling closer to te coast.
  • Torchmanner ~PWCM~JLA 2012/08/15 01:39:38
    No
    Torchmanner ~PWCM~JLA
    +4
    Nothing else to replace it yet. It's why obaaaama attacked Libya.
  • democoach 2012/08/15 01:14:12
    No
    democoach
    +1
    i sure as hell hope not! liberals need to be stopped before they put society back 500 years except with more perverse beliefs
  • S* 2012/08/15 00:56:55
    No
    S*
    +1
    We are no smarter now than 1973, so no, Oil is still king.
  • WhereIsAmerica? ~PWCM~JLA 2012/08/15 00:47:21
    Yes
    WhereIsAmerica? ~PWCM~JLA
    +4
    Because the green "dream" is more like a nightmare.
  • FortunaVeritas 2012/08/15 00:39:41
    Yes
    FortunaVeritas
    +2
    alternative energy is the way of the future and we need to fight tooth and nail to make sure we keep on track.
  • democoach Fortuna... 2012/08/15 01:16:26
    democoach
    +2
    and i will fight you tooth and nail till you loose! i will never give up my car! electric cars use gas too fyi! yes gas to produce electricity! and you don't go very far on a charge! i like traveling, but i don't want to stop every 200km or less to charge up
  • zbacku Fortuna... 2012/08/15 03:46:54
    zbacku
    +1
    There is NOTHING that can replace oil. NOTHING. Windmills????????? Would need to cover a third of the country just to be able to even think of providing enough electricity needed. Electric Car???? Don't even think of driving more than 30 miles away from home. Family of 4? Vacation???????? Never happen.
  • S* Fortuna... 2012/08/15 04:03:48
    S*
    It is amazing you have people say there is nothing to replace oil, in ten years, who knows what will be utilized, the hydrogen cell, photo electric, the sky is the limit, whereas, fossil fuel is certainly a limited resource, and these fools seem bent upon using it all up before the next generation has a chance to experience life without our stupid and selfish generation on the planet.
  • Birthpangs S* 2012/08/15 04:46:49
  • S* Birthpangs 2012/08/15 04:53:52
    S*
    Just because we can does not make it right that we do.
  • Birthpangs S* 2012/08/15 04:56:16
  • S* Birthpangs 2012/08/15 05:32:04
    S*
    false choice.
  • S* Birthpangs 2012/08/15 05:58:23
    S*
    Birth, my grandmother was born in 1886. She saw the development of the modern world in her life, from twenty years after the Civil War, when they had finally connected the USA two coasts with railroad, to witnessing the images of the first man on the moon, and she passed away in 1984, one month shy of her 99th birthday. You are really only talking about two people's life spans of oil available, that seems like a very short time for a country, and you are all prepared to steal the legacy of our children for your convenience and laziness of today. That is my opinion.
  • Birthpangs Fortuna... 2012/08/15 04:44:44
  • NOT14U2 2012/08/15 00:31:01
    No
    NOT14U2
    +2
    For every shortage we've ever had none of them was from lack of oil
    and we find more and more everyday .
    So it's just hype to keep the money rolling in.
  • Marcus Clark 2012/08/15 00:25:20
    No
    Marcus Clark
    +6
    We are still near the beginning of the "era of oil." Any claims of shortages are simply bunk.
  • ed 2012/08/15 00:18:15
    No
    ed
    +5
    If obama had his way it would be.
  • RicardoCabeza 2012/08/15 00:05:42
    No
    RicardoCabeza
    +3
    Thanks to the Swedes and their resurrection of a 300 year old theory i think there will be a never ending supply of oil...
  • Birthpangs Ricardo... 2012/08/15 04:48:01
  • Ricardo... Birthpangs 2012/08/16 04:10:47
    RicardoCabeza
    +1
    The following...

    Abiotic Oil
    The abiotic oil formation theory suggests that crude oil is the result of naturally occurring and possibly ongoing geological processes. This theory was developed in the Soviet Union during the Cold War, as the Union needed to be self sufficient in terms of producing its own energy. The science behind the theory is sound and is based on experimental evidence in both the laboratory and in the field. This theory has helped to identify and therefore develop large numbers of gas and oil deposits. Examples of such fields are the South Khylchuyu field and the controversial Sakhalin II field.

    In its simplest form, the theory is that carbon present in the magma beneath the crust reacts with hydrogen to form methane as well as a raft of other mainly alkane hydrocarbons. The reactions are more complicated than this, with several intermediate stages. Particular mineral rocks such as granite and other silicon based rocks act as catalysts, which speed up the reaction without actually becoming involved or consumed in the process.

    Experiments have shown that under extreme conditions of heat and pressure it is possible to convert iron oxide, calcium carbonate and water into methane, with hydrocarbons containing up to 10 carbon atoms being produced by Russian scientist...
    The following...

    Abiotic Oil
    The abiotic oil formation theory suggests that crude oil is the result of naturally occurring and possibly ongoing geological processes. This theory was developed in the Soviet Union during the Cold War, as the Union needed to be self sufficient in terms of producing its own energy. The science behind the theory is sound and is based on experimental evidence in both the laboratory and in the field. This theory has helped to identify and therefore develop large numbers of gas and oil deposits. Examples of such fields are the South Khylchuyu field and the controversial Sakhalin II field.

    In its simplest form, the theory is that carbon present in the magma beneath the crust reacts with hydrogen to form methane as well as a raft of other mainly alkane hydrocarbons. The reactions are more complicated than this, with several intermediate stages. Particular mineral rocks such as granite and other silicon based rocks act as catalysts, which speed up the reaction without actually becoming involved or consumed in the process.

    Experiments have shown that under extreme conditions of heat and pressure it is possible to convert iron oxide, calcium carbonate and water into methane, with hydrocarbons containing up to 10 carbon atoms being produced by Russian scientists last century and confirmed in recent US experiments. The absence of large quantities of free gaseous oxygen in the magma prevents the hydrocarbons from burning and therefore forming the lower energy state molecule carbon dioxide. The conditions present in the Earth's mantle would easily be sufficient for these small hydrocarbon chains to
    (more)
  • DP 2012/08/14 23:54:13
    No
    DP
    +2
    Do you think those oil tycoons want to run out of what made them rich? They will try to stop the development of alternative technology if it means that they can keep getting richer. Kudos to them for being selfish because I would too if I were that rich.
  • marcuss... DP 2012/08/15 11:26:42
    marcuss LIBERALS ARE TRAITORS
    Seems you are envy of success. Stop the development? How about it won't make a difference to them, they have the infristructure to distribute it.
  • DP marcuss... 2012/08/15 16:28:15
    DP
    I'm not envious of their success. Did you not read the part where I congratulated them?
  • marcuss... DP 2012/08/15 17:09:49
    marcuss LIBERALS ARE TRAITORS
    Your comment can be taken sarcastically. I'm all for a oil alternative as long as billions of tax dollars are not involved.
  • DP marcuss... 2012/08/15 17:13:04
    DP
    I know, sarcasm is hard to convey through text. I wasn't being sarcastic there though.
  • DORIGHT 2012/08/14 23:37:41
    Yes
    DORIGHT
    within 10 to 25 year all engines may be replaced by water fueled engines!!!!! i guess because a japan car manufacturer already made a car in 2012 that just run on water fueled engine.Only you need is water
  • DORIGHT DORIGHT 2012/08/14 23:40:08
  • Frank DORIGHT 2012/08/15 03:32:03
    Frank
    +2
    You night be right about that. But, it goes a lot deeper than cars. There is no way a water fuel engine is going to pull a hundred and ten car coal train a thousand miles so you can have your electricity. Eash coal car weighs over 200,000 pounds, and, there is appx, 100 coal trains moving every day in this Country to power plants. That doesn't count the thousands of 18 wheelers moving every day accross the Rocky mountains, and there ain't no water fuel engine going to handle that, so oil is still the key....
  • GINGERBREAD 2012/08/14 23:22:01
    No
    GINGERBREAD
    +3
    All this is just another one of those "GLOBAL WARMING" BS, that these people want to pander. Guys, we have enough energy from our own resources to last us 300 years. We have enough oil, gas and coal to make us the richest country in the world. Who would the world prefer to deal and buy their energy from. The Middle East, that is so unstable that no one knows from one day to the next who they are dealing with, or a very stable country they can depend on, when push comes to shove? Now, by allowing us to drill or mine our own natural resources, within a few years, we would have paid off all our debts and we can be the worlds lender, rather than the worlds biggest borrower. Don't listen to these idiots, because they have an agenda that they are not telling you.
  • Keith GINGERB... 2012/08/15 15:50:48 (edited)
    Keith
    Your facts our wrong, I realize if we pretend that if the world uses the same amount of oil for the next 300 years we are good but we will not if things don't change the US's population will easily be over a billion in 100 years if we don't change which turns to more oil use and that's just the US alone, if the world doesn't find an alternative the amount of fossil fuels we use will double or triple which in then drains it faster.
  • GINGERB... Keith 2012/08/16 17:11:55
    GINGERBREAD
    See, I have more faith in mankind than you have. I am quite sure, that mans inventive minds will come up with something else, without the help of GOVERNMENT. Let's see, what is the worlds best fuel? Hydrogen comes to mind. Right now, it is too expensive to separate the "H" from "H2O". With our inventive minds, a cheaper way of separating the "H" from "H2O, this will happen way before our natural resources are all used up. That's just one suggestion, from someone that doesn't have an inventive mind.

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