Peak Oil for Real?????

Discussion in 'Economics' started by bluud, Mar 7, 2007.

Peak Oil, how real is it?

  1. Just BS.

    16 vote(s)
  2. It's true but no where in the near future will it take place.

    9 vote(s)
  3. True, and we will reach peak oil within few years, maximum 5 years.

    7 vote(s)
  4. It has already happened but few have come to believe this fact.

    15 vote(s)
  5. It is true but will have a small negetive effect on the world economy.

    1 vote(s)
  6. Who gives.

    4 vote(s)
  7. It's for real, but we will come up with alternative energy sources before oil peaks.

    7 vote(s)
  1. I don't want to split hairs with you, but I never said, not once, that we use 80 million barrels per day. Maybe someone else said 80 million.

    I said we currently use 68 million, based on that source I linked to, which is a 2006 June report.

    #21     Mar 11, 2007
  2. Pekelo


    With EIA data to the end of 2006 now available, here are the key figures and comparison to 2005:

    Crude Oil and Condensate: 73.5 Mb/d (down 0.2)
    Natural Gas Liquids (NGLs): 7.9 Mb/d (up 0.14)
    Other Liquids: 3.3 Mb/d (up 0.08)
    Total Liquids: 84.6 Mb/d (up an insignificant 0.02)
    #22     Mar 11, 2007
  3. Schizo321


    Humans wondering if fossil fuels will run out is like yeast wondering if the sugar will run out.
    #23     Mar 21, 2007