Earth has unlimited OIL supply
 

A University of Washington economic geologist says there is lots of crude oil left for human use.

Eric Cheney said Friday in a news release that changing economics, technological advances and efforts such as recycling and substitution make the world's mineral resources virtually infinite.

For instance, oil deposits unreachable 40 years ago can be tapped using improved technology, and oil once too costly to extract from tar sands, organic matter or coal is now worth manufacturing. Though some resources might be costlier now, they still are needed.

"The most common question I get is, 'When are we going to run out of oil?' The correct response is, 'Never,'" said Cheney. "It might be a heck of a lot more expensive than it is now, but there will always be some oil available at a price, perhaps $10 to $100 a gallon."

Cheney also said that gasoline prices today, adjusted for inflation, are about what they were in the early part of the last century. Current prices seem inordinately high, he said, because crude oil was at an extremely low price, $10 a barrel, eight years ago and now fetches around $58 a barrel.

http://upi.com/NewsTrack/view.php?St...0-044158-9693r

Yeah several years ago read a book by a professor named Gold who presented the theory (with some supporting facts) that Petroluem is produced perpetually by techtonic forces.

And so in way it's like another internal layer above the core everywhere on the planet. So every county has access to oil yet the means to drill the oil is controlled and so that is how the percieved value of it is managed.

The Sun provides enough solar energy in a single day to power the entire planet for a year and it's totally free energy beaming down on us.

So what we really need to do is focus our research on better harnessing the power shining brightly right above us.

the tar sands are amazing when it comes to the amount of oil in them, some countries are already using their tar sands

KRL, as for solar, I agree man, I just wish it would become more of a widely used energy source so the fucking prices would drop on solar equipment

My dream house that my wife and I are planning is going to be totally sufficient on itself, from rain water to solar energy.....we are actually going to start working on it next year

hope thats true, need cheaper fuel prices!

interesting article, though i think this idea, will not be very spread, cause there's a lot of moeny in the oil industry and the people who owns it, like the theory that oil resiurces will be over in 40 years or so, so they could get prices more higher....

to be fair you can make oil out of anythiing, some time ago somebody had a way of making it from plankton...so the supply wont be the problem in the future, just the price seeing as no matter what technology will come out the oil companies will buy it up and set their own price instead of using market forces...

Interesting you would believe any article written by a guy named Cheney ??

Dont be a dumbass.

Fellas an ladies there is soooooooo much shit we dont know about !! if we put a man on the moon in 1969 then why did it take so long for the cell phone!! come on thats a huge deal interplanetary travel but you cant keep a bumper on a 69 cadillac! sumthins goin on an always will

It's self replenishing, but not unlimited. Much like a forest, it does come back, but it takes a long time.

If we take it all too fast, it'll be gone.

Pssst....... The moon isnt a planet. And we had cell phones in the 70's just were not as small as today. The computers they used on the vehicles they got to the moon with are about as powerful as some of todays cellphones.

Totally agree KRL :thumbsup

Got a project under design/planning right now (tho won't be implemented till late 2007 or shortly after), based on the principle of sustainabilty and utilising solar energy, rainwater and even the sewage and waste from properties where this is converted into usable resources.

The sewage is on test now and converted from shit and crap to water that is of drinking standard. It's currently being pumped into a fish pond and the fish are doing just fine :winkwink: The water is chorline-free and ideal for swimming pools etc. Solids are converted to fertiliser.

Power required for homes can be (least in this region of the world), 100% solar. The efficiency of solar cells has vastly improved and appears they can be improved possibly 100 or more times yet.

1970s era cellphone, just fyi you young whipper snapper lol
http://www.pimall.com/nais/pivintage...cellphone.html

it's not fact.

how much time and money was spent putting a man on the moon and how much time and money was spent keeping a bumper on a 1969 caddy

At the end of the day, a fair percentage of the electricity produced in many parts of the world is made by buring fossil fuels. Moves to replace those huge consumers of oil away to other sources (including solar, wind, and even nuclear) radically changes the consumption patterns.

Further, while China is currently on a consumption upswing with the huge increase in personal car ownership, that too will level out. That type of upswing is very unlikely to be seen again.

Just with the brief runup in prices over the last 12 months, consumption habits were shifted just enough to tilt the world back into an oversupply position, such that the OPEC countries have had to cut back production to try to keep the price from (no pun intended) tanking.

At $60 per barrel, many projects that were not economically feasible at $30 are suddenly worth a look. With new drilling techniques such as the deep water action going on in the Gulf of Mexico, there is potential that the US will significantly cut it's importation of oil, which would have large scale effect on the oil market.

Ditch your SUV, get a reasonably effecient car... if everyone did that, the price of gas would come down rather quickly.

Alex

I have to say the tar sands / surface mining is awesome to watch

i agree with you on that one. solar energy needs to be implemented as the power of the future.

oil is so passé...

Nice rip off quote from a comedian. :disgust

Next time use quotes, and cite the source.

Thanks.

I'd agree with that. As engines become more and more efficient, they'll burn less and less gasoline. This will become very apparent once hybrids and fuel cells become the norm.

Indeed. If you ever get a chance to watch "Atomic Ed" on HBO, I recommend it.

Did you guys see that mythbusters where they ran a diesel car from straight fast food oil waste? Just strained it and put it in the car, ran fine, no damage.

Yes but how long can the planet Handel the pollution caused by using oil?

buhahaha they were barely as powerfull as some calculators we used in school.

:thumbsup :thumbsup

I knew that, I just didnt want to rub it in his face. hehe. Some of todays cellphones suck. :winkwink:

supply and demand......:thumbsup great idea would be nice to breath/eat healthier as well

seemingly good news...but the solar power option does seem
a little more sensible...

My thoughts exactly ...

We will never run out of oil is a fact, but it will be damm expensive to get the oil and it will be a lower of quality of oil. Oil price will skyrocket.

actually skippy i didnt rip it off i just forgot to quote chris rock but if it makes you feel any better next time ill remember just for you:thumbsup

yeah but it will take time for that to happen

To tell the gods honest truth i was just being sarcastic cause i dont really believe we actually did it (went to the moon of course) i just feel if we really did we would be a lil farther than shooting space shuttles up every so often a few people said themselves our technology is wayyyyyyyyyyy better since then!! and as for the 69 caddy thing I was just sayin that we put all this time in effort in the space program that they make things for us rather cheaply even today so we have to keep buying things!! an sorry I forgot to quote chris rock on that one I know how sensitive people can be when things come off the wrong way :winkwink:

Even if there was an unlimited supply - we have less than 100 years before the greenhouse gases change the world temperature enough to melt the polar ice caps and make about half of all species extinct.

Brad

There is no reason not to but until they can figure out how to charge monthly for it . its never going to happen.

I hope we will be ready enough for such catastrophy, so we won't suffer this same fate..

http://homepage.mac.com/ozarkmatt/fark/waterworld.jpg

Your 3rd paragraph hits the problem on the head. OPEC trims back production to inflate the price back up to where they want it, around $60 per barrel.

It would take the whole planet changing its ways to lower the price of oil. Someone (company/country) will always buy it and people will always buy the products that were made by that someone.

Ug we did go to the moon there is a damn mirror up there you can bounce lasers off.

The problem may not be with getting the oil, it might be with getting fresh air to breath.

The way China and India are polluting the world so we can all run down to the mall and buy cheap goods might have a bigger effect on the way we live in 25 years.

Well the way YOU guys live. I will be here in spirit only. :1orglaugh

It is professors like this why I dropped out of UW...after I had previously dropped out of Boulder :error

Oh well, that was a lifetime ago :winkwink:

:1orglaugh :1orglaugh :1orglaugh

all about the future...:)

Thanks for the optimism...

Hopefully, solar and electric powered cars will soon dominate the city street's in the near future--less pollution and relies reliable source of renewable source of energy. :)

I just want the flying cars we were supposed to have by 1980. :winkwink: