Is The Earth Actually Running Out Of Oil? | The Struggle For Oil | Spark

Recently the Colonial Pipeline in Texas was hacked by cyber-criminals that shutdown fuel and gasoline supplies in America. Oil is precious commodity that is essential to human society but as the planet looks towards ecological alternatives, how in danger are we are running out of oil before it's too late?

Original Release Date: 2011

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Content licensed from Off The Fence to Little Dot Studios.

#Spark #Oil #FuelCrisis

[bynchillyn]

We are running out of honest people with common sense and compassion.

[bubbafatas]

This is ridiculous! Two years ago we had to cap 4000 wells to keep the price from collapsing and we didn’t have any place to put!

[pocketfella]

I heard this all my life from the age of eight now I’m 85 still hearing the same again and again

[toobored]

Most estimates say there will be available petroleum for over 300 years, but will become more difficult to process.

[ronalddavis]

almost 50 years ago during the oil crisis we were told there was only ten years of oil left

[dazuk]

I had to listen to that twice "compressed air guns are used to scan the sea bed and and produce the loudest human made sound...the fact that whales and dolphins are affected is accepted"...and we wonder why they beach themselves bleeding out of every orifice.

[willh]

I've spent the 7 years in Iraq. They believe that there is enough oil below ground to keep the engines of the world running for 100 years. True or not is not the point. The point is that they are now openly discussing how useless this will be once sustainable methods of power become cheaper and more reliable. They know that the clock is ticking and that they better use their black gold resources well now or they will be in trouble. Countries such as Saudi and UAE understand this intimately and are planning accordingly.

[bobdeengineer]

Recently Trinidad and Tobago had experienced earthquakes where its epicenter were offshore. They are apparently drilling deeper for hydrocarbons. Maybe earthquakes could be liberating deeper oil to migrate up. Maybe.

[zendonbuilds]

The days of abundance for light sweet crude are pretty much gone. More of the oil being pumped nowadays is heavy and sour, so it takes a lot more energy to turn it into gasoline and diesel.

[thecommonsenseconservative]

Need a story called:
Does Social media put false conclusions and expectations in people's head?

Answer: yes

[JJ-xyvy]

Recent efforts of institutional investors may mean their boycotting of carbon intensive oil extraction may soon become a bigger problem than peak reserves.

[timmyball]

Yeah there is plenty of oil it's just heavy crude which is harder to refine

[alanhardman]

Damn! Petroleum is SMART! I knows not to come to the surface if Correxit is in the vicinity. Incredible!

[freedapeeple]

This is an old doc but it doesn't matter. They have been trotting out this "question" every so often for decades. The first time was in the 70s, if I remember correctly.

[Gycamo]

This documentary is a lot more unsettling when you realize it came out about a year before fracking pushed peak oil forward by years, possibly decades.

[michaelchownyk]

I started buying solar panels, 26 years ago, and slowly I built up a large solar array. 12 years ago I bought an electric car and it still runs great. My house is off grid and I don’t have a connection to natural gas. I have a solar powered heat pump instead.

I want nothing to do with burning fossil fuels . I do, however, like plastics and Styrofoam and urethane and silicone and all other things oil makes. If we burn it all off than the commodity prices of everything else in this world is going to skyrocket.

[cementfilled]

Do some research on Abiotic Oil. If they have us thinking it will run out, they can constantly manipulate the price rob us blind. It reminds me of the diamond industry. Make us think diamonds are rare, when they are not, and they can adjust the price accordingly

[collinwhites]

Oil is also used for the creation of plastics of various kinds, besides being an effective fuel. Widely distributing bacteria that can break down plastic waste is increasingly important.

[peteacher]

When I was a lad at high school in 1963, we talked gravely amongst ourselves believing that world reserves would run dry 50 years hence, making 2013 the 'run dry' date. And that was calculated on consumption at a rather gentle increase over that projected 50 years.

[mikethebeginner]

We would have been much better off if the oil had run out sixty years ago. Success in these ventures is failure.