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Reply #46: The when is easy to figure out... [View All]

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Solon Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-04-07 11:51 PM
Response to Reply #44
46. The when is easy to figure out...
At least as an optimistic figure, I did the math in post 45, and came up with about 54 years worth of oil left in the world. Of course, this figure isn't accurate, it makes a few assumptions, the first is that oil consumption stays flat for those 54 years(it won't), second that all that oil is economically recoverable(it isn't), and third that the reserve estimates, which are optimistic, are actually accurate(doubt they are).

My math basically is for a situation where all oil is extracted, put in a big assed tank, in let's say Texas, and is refined as needed for consumption, which stays flat at about 82.59 million barrels per day. I'm going to guess and say it won't last that long in real life.
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