U.S. May Have Only Five Years of Oil Left

Peak oil theory is kind of like the Laffer Curve. At its core both are “theories” that are correct in the opaque, but both were put forth by obvious ideologues and both are utterly useless because they don’t pinpoint specifics. Laffer never bothered conceiving an “optimal” taxation rate, instead it was 0% or 100% and we get tripe like “tax cuts always pay for themselves” that the zombies lap up every time. The failing of the guy who conceived peak oil is that he didn’t conceive new extraction technologies or new oil discoveries.

In either case the last I really recall anyone even talking “peak oil theory” was W’s years when oil/gas spiked before the financial crisis. Fracking was a technological advancement that shifted that down the road by decades.

 

outstanding post.

Conservatives once pushed for “all sources” of U.S. energy. Now Trump, and then MAGA, are not only pulling back from alternatives but actively slowing their development. China doesn’t politicizing energy and think of alternatives as “woke”, they use everything. The U.S. will fall behind, especially in areas like powering AI.
Trump is weakening our country.



Side note - the oil industry provided $100s of millions in supporting Trump and others favorable to their industry.

“a dinner where Trump told energy executives they should raise $1 billion to support his return to the presidency and that doing so would be a “deal””

Oil bigwigs open wallets for Trump after billion-dollar request




“These investments are “likely to pay dividends”, the report says, with Republicans holding control of the White House, House and Senate – as well as some key states. Trump unleashed dozens of pro-fossil fuel executive actions on his first day in office and is expected to pursue a vast array of others with cooperation from Congress.”

Big oil spent $445m in last election cycle to influence Trump and Congress, report says

 

The OP specifically referenced the US. Its not some wild prediction…..

• “Travis Stice, CEO of Diamondback Energy. In a letter to shareholders, he said flatly: “It is likely that U.S. onshore oil production has peaked and will begin to decline this quarter.” Stice isn’t the only one sounding the alarm.

• At this year’s CERAWeek in Houston, Occidental CEO Vicki Hollub said she expects U.S. oil production to peak between 2027 and 2030.

• ConocoPhillips chief Ryan Lance gave a similar timeline.

• Harold Hamm, the founder of Continental Resources—never one to shy away from a bullish forecast—also acknowledged the slowdown”

Peak Oil In America: ‘Drill, Baby, Drill’ May Be Hitting A Wall


“U.S. oil production will peak at 14 million barrels per day in 2027 and maintain that level through the end of the decade, before rapidly declining, the U.S. Energy Information Administration said on Tuesday”

https://www.reuters.com/business/energy/us-crude-oil-output-peak-by-2027-eia-projects-2025-04-15/

 

So not worried . The world will end in 2031 anyways. Well at least according to AOC.

 

Lmao

Peak oil - Wikipedia

How much tax money do we need to pay to save us from peak oil?

 

Make them into a competitive product then if you want people to use them. At least you admit the real agenda is to tax others who have more than you because you don't agree with them.

 

Half this board has 5 years of oil left. Math works.

 

lol, I’ve seen this economic argument go both ways in this thread now and both are equally misplaced.

 

No I have no idea what you do for a living. This is an internet forum I don't know any of you.

Why not use your clearly superior intelligence to figure out how to make it a competitive product? If you're smart enough to know what's best for all of us you are definitely smart enough to design a competitive vehicle. If not, why do we think you're smart enough to create moral policy and decide what's best for us?

Since you don't adhere to your own morals, do you currently buy carbon credits and donate money to the government to fight peak oil or are you just virtue signaling while asking the government to force people to agree with you?

Maybe start using a horse they're environmentally friendly, fast, and fitting

 

Drill baby drill!!

 

chemgator votes for Democrats that deliberately explode the US population by pipelining millions upon millions of illegals into our country. That makes our resources run out faster.

Welcome to the Idiocracy indeed

 

Windmills are junk

 

If this is true, why worry about only eight years of Social Security?

 

Been hearing/reading about “peak oil” since before Jimmy Carter, will probably be reading about it for the rest of my life. Why we can’t have a “mix” of energy where it makes the most sense is beyond me. In here it is all or nothing—-

 

We've been at peak oil since 1919. Good luck with your tax agenda.

The financial incentive to buy a thing is that thing being a good product. The fact you think this isn't about forcing your own (hypocritical I might add) morals and ideas on others to force them to buy a subpar product that aligns with your (hypocritical) opinion of what people should do is telling.

You've got to be the most uppity guy I've spoken to on these forums. Trying to force ideas on others that you don't even practice, then calling me a freeloader meanwhile having no idea if I bike commute, drive an electric car, work from home, or if I do pay extra because you didn't ask, you assumed. For all you know I pay 100% of my disposable income to highway maintenance. Meanwhile everything I say about you here is factual from what you've stated.

You and people like you are the reason nobody likes your agenda btw. I love the environment, bike commute anytime I can with reasonably safe roads, and drive a tiny sedan that gets nearly 40 mpg, and still don't think I have the right to do anything other than encourage others to do better, I sure don't think my agenda should be forced upon them.