Wednesday, December 16, 2009

When do you predict oil and gas will run out?

-If you can , where is your evidence and what sites can i find this information.When do you predict oil and gas will run out?
they should run out in about 200 years.When do you predict oil and gas will run out?
never. i work in the oil patch. the inventories you read about are for oil in underground reserviors. there is probably 1,000 times as much oil in fissures or cracks in the shale. this can be collected by creating caverns underground which will slowly fill and can then be pumped once a week or month depending on how fast the caverns fill. then again there is oil shale which can be processed into oil. the western US natural gas (and oil shale) field spreads from Northern Colorado, through Wyoming %26amp; Idaho and into Montana and Canada. look at the % of the US oil %26amp; gas that comes from Canada. we have 1,000 times as much oil %26amp; gas as Canada- when the US government allows US drilling the US will be a net exporter of oil.
It's very difficult to predict. As the oil or gas fields are depleted, the cost of extraction increases. The field is abandoned when extraction costs exceed the return from the product.


When oil and gas become scarce, the cost of the the product will increase accordingly and abandoned fields will become economic once again.


Also, nobody can predict how much undiscovered product remains.


Ignore all the wacky conspiracy theories, the answer is all about economics.
next week! lol idk

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