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

Meantime, more fallout from the budget bill if it passes. And more wasted money.

 

I’m with Slocala. I remember the 70’s where we were told that oil wouldn’t last through the 20th century. I also remember being told that eggs were bad because of cholesterol. Also remember being told that margarine was healthier than butter. I remember Al Gore and his dire predictions that were supposed to have occurred by now. And finally, I remember Y2K and being told to start hoarding essential because they wouldn’t be available.

Not biting on crap like this anymore without substantiation

 

We do not consume only oil extracted from the US. Further, we do not extract to the full capacity of our industrial complex, so it is unlikely that the US runs out of oil in 5 years.

That said, I agree that we should:

Raise federal gas tax immediately.
End tax breaks for oil exploration.
Follow through on the Biden policies that make sense, including not selling off electric vehicles and stop suing states for emission standards.


In short, stop electing Republicans.

 

FYI, Peak Oil doesn’t mean we’ll run out of oil, only that it will be the apex of oil production. For instance, switching to EVs could drive peak oil with there being no bearing on remaining oil reserves.

 

We actually did hit “peak oil” in the 70’s. Only fracking changed that. There was like a 30 year gap between a new peak in U.S. peak oil production until fracking started bringing new records (fracking addressed our reliance on foreign oil, but it was never going to last for forever - drill drill drill just means you blow through it faster). In either case this is a sensationalized headline, it’s not like there will be NO oil in 5 years, and I doubt too many in the 70’s were saying there’d be no oil to find anywhere in the world either - but production might peak once again causing more volatility.

 

I know I’ve read articles about EV usage already driving down gasoline demand in a measurable way, so in terms of domestic consumption this peak might already be happening
(or have happened) on the consumption side. Though I’ve also read articles that EV sales are sort of plateauing, so i wouldnt quite spike the football on that yet.

 

Peak Oil is a mostly meaningless term, a catchphrase The parties that promote such an idea are work an agenda, their own agenda. I never discount the ingenuity of humans to figure things out and make them work. Catch phrases like peak oil only exist to manipulate public opinion so as to allow it to allow their government to fleece them and waste the tax revenue to “save” something. The worst part is how many people buy the horseshit and sit by and watch the same people who lied to them line their pockets with taxpayer $.

 

Here is the "decision maker" for our country.....

 

So sounds like the thread title is deceptive

 

It all makes sense now. @chemgator is really Al Gore.