Is The Earth Actually Running Out Of Oil? | The Struggle For Oil | Spark
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- เผยแพร่เมื่อ 8 มิ.ย. 2021
- 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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#Spark #Oil #FuelCrisis - วิทยาศาสตร์และเทคโนโลยี
We are running out of honest people with common sense and compassion.
What the hell does that mean really.
@@michaelbee8263 Think ... 🤗
absolutely agree
@@javiergutierrez0419 I have no idea. The problem with common sense is that it means something different for everyone
That was deep bro
I heard this all my life from the age of eight now I’m 85 still hearing the same again and again
Look at the facts. Oil discoveries peaked in the 1960s. New oil field discoveries are smaller and smaller. Why would companies spend billions to find new extraction methods unless all the cheap easy oil was already depleted? Open your eyes.
When I was a kid, they were pushing a theory called global cooling. Leonard Nimoy did a big long documentary on it.
maybe not our life time but there is only so much and that supply will run out than we can't put oil pipe in space to tap into some other planet
It will stop, guaranteed.
According to my teachers at school, we should have run out of oil 25 years ago.
The entire business model DEPENDS on the perception of scarcity
The increasing complex process to get any oil out now is just becoming more expensive than what it's worth
If oil was $650 a barrel in 2057, there'd still be some supply but that'd be like $225 or 250 a barrel now. It's impractical; how can you justify working if the gad to get there is $500 daily?
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!
almost 50 years ago during the oil crisis we were told there was only ten years of oil left
eco schizophrenics tend to recycle the same bs every few decades. There were electric cars a few decades ago too and then the fad died down cause it's a dead end technology.
The world will be running on oil for the next 50+ years with no issues, same thing with Coal, who's use only increases every year.
well no worries our planet will be boiled alive by the time we run out of oil, so yay i guess
man, if only these goofy scientists would realize oil is infinite, what chumps.
@@xythx yea id agree on that. but you might need to give the world a rest for a few thousand years if we are sucking more than the big ball is making. but who knows as it's just one lie after another
@@jonneilsmyth9107 I was being 100% sarcastic.
To deny the turmoil ahead is fucking dumb.
Most estimates say there will be available petroleum for over 300 years, but will become more difficult to process.
Oil is forever, like a diamond, or cattails (not cartel)
cite your source
"most" lol...definitely cite any one of them 🤣🤣🤣🤣
@@bobb.6393 Oil isn't forever,based on politics.We can't get oil from Russia,and we can't rely on foreign oil incase we don't get a long and they choose to quit selling it to the U.S.
@TheSnoeedog trust me bro 💀
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.
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.
Sucks to suck...
@@clinteastwood8242 Hey Clint !...i have a Clint Eastwood joke.....where i live they named a street Clint Eastwood st...but they had to rename it as no one crosses Eastwood and lives ! 😉
I work in the oil game and I can tell you that you wouldn't believe the lengths we go to to ensure there are no mammals in the area before we use the
'Not the worlds loudest sounds produced" air guns!!
@@MultiLeggy Did you notice i used quotation marks ?...that means i was repeating something...verbatim...that was said in this documentary. Here is the time stamp to make it easier for you....19:34...you only have to listen for 30 seconds or so...it's all there oil game person.
@@dazuk1969 Oh I saw the quotes Darren. I would like to see the credible evidence that shows compressed air guns are the cause of "why they beach themselves bleeding out of every orifice". It's in quotes - because its from you. I'll tell you why its not the case. Firstly - it's nowhere near the loudest sound ever produced; secondly - If it was loud enough to make them bleed out of every orifice (or even just one) they would never make it to the beach. Thirdly - there are boats that scan the area prior to using guns and yes the operation gets halted if so. I'm not suggesting that every operator complies but this documentary is so full of holes & bias it's unreal. I prefer truth so people can come to their own correct conclusions. Your sincerely, - "oil game person".
We didn't run out of oil. We running out of easy to get oil.
Until we figure out how to get it easily - e.g. fracking
The oil is no more difficult to obtain this is the excuse big oil is using to justify the constant rise in prices, come on with the electric powered devices big oil has had a death grip on this planet far to long,to hell with big oil ASAP.
@@michaelmontana251 Fracking isnt easy. Its sort of our only option. Better than tarsands in terms of profit.
@@JoeRocket-sf6qs Death of the oil company is the death of modern society. We cannot power large machines used in agriculture and mining with batteries. Nearly all technology today depends on oil for its production and transportation. Even the solar technology required oil guzzling vehicles to transport it to the end consumer. The mining of raw materials for the solar panels requires oil powered machines.
@@JoeRocket-sf6qs You have a compartmentalized view mainly focusing on the negatives of the industry while not aware of how dependent we are on oil. Its the lifeline for modern society. Without it we will be flung back to the stone age with tablets and phones made of sticks and stones.
Yeah there is plenty of oil it's just heavy crude which is harder to refine
can evs replace oil companies
@@samiurrahman2255 no but hydrogen can.
@@backspaceenter8844 Not in practice. You simply cannot store enough of it in a practical sized tank. Plus, it is notorious for leaking. Just look at NASA's SLS launch.
@@flechette3782 there’s already hydrogen pumps/cars available. There’s not enough lithium or electricity to support electric cars. Hydrogen cars will be the future. Electric cars are a waste of time
@@backspaceenter8844 And those hydrogen cars can't go very far because hydrogen is not very dense. You can't carry enough of it with you.
It just isn't practical. On top of that, hydrogen is VERY flammable. Much more so than gasoline.
I've never heard anyone discussing the voids left underground from producing oil. 150M barrels/ day ? Wouldn't this possibly cause earthquakes?
😂
Dexter: You clearly know absolutely nothing about oil geology. You are imagining great big empty caverns once full of oil, but now empty. That is NOT where oil is naturally located, but rather in porous rock formations of sandstone, limestone and other similar sedimentary rocks. What is left behind when it become uneconomic to extract oil from a field is rather like a solid sponge which has been relieved of perhaps a half or two thirds of what once saturated it. There are no "voids"
@@TheLawman001that is now a void filled with water it is a void .
Those voids are the space where all the Arabs get sent to he'll.😅
🤣@@negativeindustrial
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.
We already peaked.
@@Rehook2 That's false. Each year, with the exception of 2020, oil production has increased.
@@user-zp6ff2gr4n hahahaha
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.
This is true. But we still have more light sweet crude than we have ever thought possible. We have chosen not to use it because of political reasons. The Guf of Mexico is so stuffed with oil it's leaking out of the sea floor. It's just oozing up threw cracks in the earth.
All the gasoline in the US comes from heavy crude, because all our refineries are heavy crude. We export all the light crude. We are producing more light crude today than at any time in history. Please get your facts straight. Furthermore, underneath the Colorado rockies is more shale than anywhere on earth.
Tell that to Guyana, second largest discovery of light sweet. Comes online in 2027.
@@hoots187That's not that much.
Not as much energy as it takes to mine the raw materials for battery cars not to mention the whole new infrastructure that needs to be built to support all those battery vehicles!!!
Always fun to see when company risks billions of dollars in order to save millions of dollars.
They're as smart as their wallets.
I call that, Penny smart and Dollar stupid.
imagine if they could put that money into expanding renewable energy worldwide.
The thing is they're not risking it all, the government always bails them out.
@@sahitdodda5046 actually true...
One interesting possibility with abiotic oil is the fact that if it is possible than you may be able to pump the resources necessary to get the process going like say oxygen deep underground where you want them to be produced rather than having to search for new sources.
Another interesting possibility is that your wife could suck a large quantity of oil out of my butt.
@@DrDoke hey wait a minute, I was going to say that. Have you patented the idea yet? Not likely, haha those who laugh last really truly do laugh best. 🤪🤣😂🤡
I tell that All These calamities that are going on around the world is going to lead to a Sunday law which will be the MARK of The BEAST, Those that keep God's seventh day sabbath will be persecuted and prohibited from buying and selling, Jesus is coming soon.
@@raheemallen2003 who let you out from mental hospital?
i feel the esame
I wish my beer glass was self replenishing
that remind me the moment when doctor strange meets thor
Same brother
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.
Oil will never be replaced by anything better. This is the main issue, it can not be replaced by anything.
@@S3l3ct1ve EVs depend upon oil for plastics. The fiberglass blades of wind generators depend upon oil. The roads are paved with asphalt - a byproduct of oil refining. Oil is a necessary commodity for a technological society. Fertilizer is created from natural gas, agricultural equipment depends upon diesel.
@@S3l3ct1ve Said the whalers, the buggy whip makers, the candlestick makers, etc, etc.
@@SK-dp3nz *cough* I agree
@@ransbarger Look around you in the room where you sit. Every item has one or another source of materials made from oil or using oil. Even your food is made using oil, be it harvesting, transportation, keeping it cool etc...
Now we must address other problems that need
to be modified for more security on the planet .
I remember reading that oil would run out in the next 50 years. I read this in 1983.
Need a story called:
Does Social media put false conclusions and expectations in people's head?
Answer: yes
The function of social media is to put everyone on the same page - a cult of group-think, if you will. If you dare say anything that isn't sanctioned by the group-think, you are "unfriended".
Their is federal law that says media can lie if it is in the interest of national security! Crazy fly by night pass laws like this threw at midnight when everybody is sleeping.
@@jefferyholcombe5189 cite that law along with correct spelling
@@jefferyholcombe5189 No such law in the USA, the freedom of the speech would take priority anyway. Can you lie? Sure, the world is full of lies which is why each of us needs to do research on our own.
oh oil isnt going to run out is it it appear like magic forever
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.
Same here but they were talking about running out of coal in 100 years. Oil was never mentioned as though it was unlimited.
I hope you are finally getting it. The rulers of this world are lying to us. Oil is a hydro carbon and therefore a naturally occurring chemical composite within the earth crust. Crude oil is permanently self replenishing under high pressure and temperatures.
@@okonopel EXACTLY....finally someone with some common sense.
@@okonopel The Earth doesn’t replenish it’s natural oil supplies at the same rate we consume it. It literally takes 100’s millions years to form. That’s the problem...
@@okonopel You literally have zero evidence to back this up. It takes millions of years to replenish oil reserves. Typical oil shill wanting a quick buck at the expense of future generations.
These predictions also didn’t take into account that oil probing tech improve at a steady rate.
Most don't know, but the earth actually regenerates oil from vast archaic plant deposits that are continually decaying. If we only learned how ot capture sunlight like the plants did and then decay them, we'd have endless oil.
Yes.
There's no source for your decaying plants theory. The problem with that thought is we are consuming all the plants or else feeding it to livestock. Brazilians are cutting down the Amazon rain forest so they can grow crops to feed livestock. Aquifers in California are being emptied to grow crops in the dessert.
there aRE other vids with people that say they worked for oil drilling and mining companies and some say Canada and other spots are have massive amounts of oil
Recent efforts of institutional investors may mean their boycotting of carbon intensive oil extraction may soon become a bigger problem than peak reserves.
Not for them. They're going to profit no matter what. They have armies of morons filling their pockets because "they care".
8:00 "Someone important about Oil", *me: seeing he is still using windows XP*
He is a boomer. What do you expect? They are concerned about oil as if we don’t have any other source of energy.
i was just about to mention that too lmao - when was this made? 2008?
4:00 "Someone concerned about Oil", *me: wondering why there is a bottle of Tabasco on the desk*
The interview was done in 2010.
There is nothing wrong with XP, especially on older machines. I wish I could run a version of it on Raspberry pi. Win 10 is an endless war, there is no getting back the time I have wasted dealing with it at work.
What happening with all the oil being pumped out? Hydraulic pressure is a powerful thing. I wonder if we're going to be looking at earthquake increase??
The cracks created by fracking are very small and done thousands of meters below the surface. Earthquakes release energy built up by immense tectonic forces that humanity is not able to replicate.
Earthquake increase is already happening.😮
I really hope you pick up make a new content I really appreciate you and the information and knowledge brought me thank you
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.
Also the world produces more oil ... its not old dinosaurs
Also important not to dissolve parts of my car or my guttering, thanks.
After 150yrs of using crude oil , it still bubbles to the surface on its own at the tar-pits (around the world) so,,,,,, definitely NOT old dinosaurs (dinosaurs are found surrounded by 4000yr old material) . Just don’t use it faster than the re-fresh rate. Specific Fungus + heat + moisture = crude oil
Or just go back to using glass.
@@arturoeugster7228
Damn! Petroleum is SMART! I knows not to come to the surface if Correxit is in the vicinity. Incredible!
If I were you, I 'd worry about oxygen
yes all engines suck in so much compared to animals, therefore its out of natural balance
Yes. Maybe we have more oil to burn than oxigen to oxidize. Problem.
@@bittasweetsymphony726 nature tries to restablish the balance because engines now behave in atmosphere like eruptions in the past so plants and algae will try to produce more the few oxigen there is and the more carbon dioxide there is in atmosphere. But there are tresholds that must be avoided.
You smoke good stuff. CO2 makes up for 0.04% of the air composition. Even a 100-fold increase won't affect much.
50 years ago the "News and Scientist " gave us 10 years till we were dry.
Yes, a bit like these religious cults saying armageddon the end of the world is coming and we are still waiting
Yup also said we were going into an ice age 😂
$4.30 a gallon in 2006... it will come again.
Before the mass production of cars, there could be found oil puddles-like water- sitting above ground. The story of Jed Clampet missing his target and striking oil was possible.
those millions of dollars got him as well
mr drysdale kept that 10 million
he was investing that and living handsomely
Thank the Rockefellers! 👍
These puddles are still found called tar pits.
Before cars, oil was used for kerosene, to light lamps and cities, that is until electric lights and power generation came into being. Then the internal combustion engine was invented, and a new use for the oil was created, much to Rockefeller's delight. Gasoline is created as a byproduct of refining oil to kerosene, so they didn't really know what to do with it, except burn it off. The very first cars were electric, but that was abandoned to use the ICE powered by gasoline. Side note; The Teamsters were the guys that used mule drawn wagons to transport the oil from well to refinery. It was the only aspect of the business that Rockefeller was unable to buy up and take over.
@@jamespardue3055
Nah, they were using crude for other stuff as well even early in the day. Check out Oil City in Pennsylvania.
There's heaps of oil. I remember the term "Peak Oil" when I was still in school but the real story is that Oil Producers control the production to keep the prices high.
The same with diamonds. They are relatively common but the DeBeers have a lock on the mining so most of those diamonds are held back to keep prices high.
People are slowly realizing that and with diamond stimulants becoming more and more difficult to tell from the real thing except by experts. And synthetic diamonds are slowly being made more affordable, no need to make DeBeers wealthier.
Yes and no, the problem is we have to keep going deeper and deeper/farther and farther. If your oil supply is continually reliant on major technological advancements like shale and tar sands, you have a real problem.
yeah, it was in the news last year right cutting back productions because of oversupply?
Oil prices are controlled by a muslim called -
Mohammed Barkindo, who is the CEO of Organization of the Petroleum Exporting Countries (OPEC) ..
..FEEL FREE TO ACTUALLY LOOK IT UP..
@@letsbehonest4221 OPEC doesn't control prices, Putin is the one with the most flexible supply, and the country that is most capable of under producing or over producing on a whim. Most opec nations can't play around with output. Either their country is too dependent on oil revenue to play the bills, or their wells are so poorly constructed they can neither increase nor decrease their supply. Last years oil price crash was induced by putin.
We would have been much better off if the oil had run out sixty years ago. Success in these ventures is failure.
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.
@T C Sorry, not buying it. For over 50 years I have watched them claim, time and time again, that they were running out of oil. EVERY. SINGLE. TIME. they magically found more after getting lots of tax write-offs and government handouts. The whole industry is just a big government-handout-sucking, tax evading scam.
@T C It all boils down to not trusting the oil industry in any way whatsoever. If an oil exectutive told me the sky was blue I'd immediately head to the window to check. When I see a report by somebody that says "we are out to stop the oil industry and we've discovered it is already dying" then I'll believe it, maybe. It needs to be dead anyway.
@T C If you equate distrust of the oil industry with flat earth etc, then you have absolutely zero room to be talking about other people's beliefs or intelligence.
@@freedapeeple4049 somebody has been lying and every country in the world believe that lie and jumped on the bandwagon of sustainable development. Not one country newspaper excetera excetera has exposed this lie . No one should be above the law or Justice. No government organization should be above the law either. That should be tried and they should be punished. Fossil fuels what joke . You can look at a barrel all you want to but you won't see Jurassic Park.
@T C I'm not a teacher and I HAVE been in your place but you are trying too hard to educate a loser.
I think a Teaching Nun with love in her heart might agree with me.
I've been hearing my whole life that we're running out of oil.....the first time was in the mid 70s.....and yet we have more oil now than we did then....weird 😂😂😂😂
WOW! "Thank" YOU Master Bates. Your analeaksys probably took you minutes to ponder.
Does that mean that we can all safely ignore the many people who work in the industry?
@@arcanondrum6543 those people in industry are scamming you 😀 on the pretext of this scam they increase the oil prices .
@@exploreandunravel5773 Well, you don't have to tell me that Oil Companies are evil.
Trouble is; the OIL Companies are not the one's telling us.
@Harold Bates
Have you bothered checking well production figures from the mid 70s up until now?
US oil production did indeed peak in the mid 70s and started a declining trend that's still very real today.
Check the current production figures for the wells that were doing great back in the 70s (the ones that are still active, that is), see if you can spot the trend.
Now, what happened in 2010? The fracking fever generated a new peak in production, which surpassed that of the 1970s.
However, keep in mind that fracking is only viable in the short term.
It is known that fracking operations decline in production, rather quickly and abruptly.
How long do you reckon the fracking peak will last?
How long until production levels fall back down, to values consistent with known depletion rates?
Expecting unlimited (and profitable) oil extraction is like draining water from a lake faster than it can be replenished: it'll eventually "dry up".
Now, let's assume for a moment that these Russian scientists are correct in their hypothesis that oil is naturally created in the mantle... so what?
If the replenishment process takes too long (centuries, millennia or longer), it's no use to humans.
If the replenishment process can only take place in specific places, under specific conditions, it still won't cut it.
Do you think these Austrians would be going through the trouble of digging 6km and watering down their well to 90+% if they had an alternative? 🤣
Do you think companies like Shell would be prospecting oceanic and arctic wells if there were easier/cheaper options available? 🤣
What I see here is an entire industry gone mad with desperation, after coming to grips with the fact that the profitability of their existing wells has a definite expiration date.
They need a reason to raise the price.
The "Baaken Formation",
eastern Montana western Dakotas, and up into Saskatchawan is three layers. The uppermost layer, which is currently under development, is estimated to contain enough oil for 200 years at present levels of consumption in U.S.
That's not counting Alaska north slope oil, Gulf of Mexico oil, Wyoming , Utah., California oil, or Pennsylvania oil..
I'm thinking the big oil
Companies are in the oil shortage business, as well as the supply business.
100 my man. Create a rarity, increase prices.
Seen in a movie where a guy came up with poop be-gone spray.
Thats just amazing the science they come up with these days, just wish I could fined a can of it but havnt been successful yet.
Oh this film is from 2011...... nice. Always a pleasure to see the late Matt Simmons, cheers for the upload.
Right..? Whatever we do though -- we better not use that stuff with a MILLION TIMES the energy density which doesn't require you to extract the waste from the atmosphere (aka nuclear) bc, then you'd HAVE THE WASTE. (See? Smart, eh?) ...
Common sense says "do not overconsume in a mere couple of centuries, what it took nature MILLIONS of years to produce".
I do not think mankind is gonna stop petroleum overconsumption, ergo I do not think the masses are gonna survive what they have coming for them.
Maybe the species will somehow survive it, yet I predict a particularly dark future for the contemporary everyday man, in the decades to come.
Everything that we know of today, will most probably crumble down like a house of cards and it's quite saddening...
The world is already turning to fascism as a way to strong arm our way out of the growing crises worldwide... speeding the arrival of that dystopian future.
How many mi llions of years ddoes it take for organic material to becomecrude?
Really remarkable and balanced documentary ! 😌🙌❤️
48:20 Nice background, with the Tabasco on the side :D
THIS MAN LIKES HIS HOT SAUCE
Lol I love how he says we need the oil from Iran or Iraq. Yeah we're already on that, guy.
We thought the Caspian was also full of it!
haha! welcome to the world
No we aren't. America got zero oil out of all those wars. America restricts supply to keep the price high.
@@frankytalks I think they were implying more recent events like Iraq invasion by US and US-Iran tense relations. But yes, you are right that the CIA and MI6 launched Operation Ajax to overthrow Mossadegh, however it was at the behest of British Petroleum and not US oil companies.
Likewise, US oil companies got very little out of 2003 Iraqi invasion. Look up who ended up with the contracts - it's not US companies for the most part.
I had to rewind i was like wait this guy is a GANGSTER for saying that. "we need iraq and iran is what they mean". so true.
Although< I have interests in global economics I don't watch the news anymore... I have enough FUD in the crypto markets lol. Thanks for sharing this news and offering your insight on how to navigate crypto during unfortunate times/events like this. You're right about keeping level headed when investing/trading so that's why I think it's important to limit the amount of FUD we consume. I don't watch the media but the news that you present gives me just enough to know what's going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, I have made over 23BTC from day trading with Gerard McDonald Signal in few weeks, this is one of the best medium to backup your assets incase it goes bearish..
The last quarter of the year is generally paved with positive momentum is all about simple techniques that are highly profitable.
I agree, that's the more reason I prefer my day to day invt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 2.8million.
@@marcelrobert9569 please who is the expert guiding you? i have lost so much as a beginner investing into stock without a proper guidiance of an expert.
@@robertlucas8288 Well i won't say i have........Her name is "Julie Anne Hoover" can't divulge much. Most likely, the internet should have his basic info, you can research if you like
Tar pit existed back then and they still are today, last time Ive checked they were still at full capacity
The tar sands in northern Canada has enough oil to supply the world for the next thousand years. This doesn't include the reserves in Northern Saskatchewan, estimated at another five hundred years. ( These are not being mined as yet.) Saudi Arabia has reserves for three to four hundred years and the USA maybe fifty. Anything other than this is lies. I've worked the oil patch for twenty years in Canada, and know a lot of experts, engineers and geologists, these are the correct numbers.
but they can charge you more money if they tell you its running out. Duh
@@Bewefau yes the oil is there, but it gets increasingly more difficult to get at, and more expensive. If you have 1 part oil for 20 parts sand, to separate out that oil, it might end up costing $500/gallon.
But it aint gonna be cheap
I also work in the oil industry and the company I work for found an oil supply in northern Colorado that can run America for 3 generations. Not to mention what's in Alaska and in the gulf of Mexico. All this is is to make the people afraid and raise taxes. Every time a crisis happens it leads to more taxes. Follow the money and you'll find the truth
The oil on earth will never end. But it will get so hard to extract it that no one will pay for it. That´s why we need to stick with concepts like probable proven reserves.
Canada has one of the largest untouched oil reserves in the world, among other resources, Canada could literally survive for centuries off our own resources.
Yup!
If the rest of the world ran out they would attack Canada. When it happens no country will be safe from an attack if they have oil and aren't sharing.
That's assuming the US doesn't annex Canada the minute it runs out itself.
That oil isn't normal oil,that oil is tar oil which needs to be mined and not drilled for.That oil needs to be mixed with fresh water to send it down the pipes.It's extremely toxic.
Growing biofuels can be far better for the environment as the plants or fats used don't require digging massive holes to have a chance to find oil. Plants absorb CO2 to offset some of the impact.
There isn't anywhere near enough arable land to grow the plants to feed our cars. We would starve ourselves and livestock to feed our cars.
I'm more just blown away it was 2011 and still running XP :D
You’d be surprised… In industry, if it works it works
@@UnderscoreZeroLP Haha.. tell that to Microsoft when the system sh!ts itself ;)
dude, I thought exatly the same thing. Knew someone else will have commented on it.
People have always laughed at me for this but the voids and lack of lubricants below surface concerns me more than the burning part. Spillage is also pretty awful.
i'm not an expert, but I would bet that increased temperatures caused by the release of carbon through burning of carbon based fuels has led to more collapse/depression of land as soils dry out. Not to mention the potential consequences of rising sea levels due to loss of ice. Bringing higher tides and more erosion.
MY NEICE USED TO WORK FOR AN OIL COMPANY SHE TOLD ME THE OIL COMPANYS ARE LIEING TO US NO/1 OIL DOSE NOT COME FROM THE VEGATASHION LAYER LIKE THEY TELL YOU NO/2 THE EARTH REMAKES THE OIL THATS TAKEN AS ITS THERE TO KEEP THE EARTH COOL IT WILL NEVER RUN OUT ITS JUST ANOTHER BULLSHIT LIE ITS RUNNING OUT THEY JUST TELL YOU IT IS SO THEY CAN CHARGE MORE FOR IT.
So is the production of silicon for making panels. I worked in a silicon metal plant and they are very, very dirty not to mention the plastic and steel, mining and etc to make clean energy. The production of the elements to make clean energy outweigh the dirty production of these things. No one thinks about these things.
@@axwapples I have lived on the Florida gulf coast and fished here on inland waters open to the sea and I have not seen not 1 mm of sea rise on our seawall after taking in account tides and wind. Maybe we should move the billionaires away from the water views and adapt if there is any measurable sea rise. Why destroy our infrastructure for people living on the beaches like Gates, Biden, Obama etc. We are trying to save these people's homes by changing climate which always changes. It would be far easier to move the rich from the seashores.
@@axwapples Not bad as a thought to explore but i think you'll find ground water depletion causes far great land droppage.
oil is renewable but the time it requires is so slow it cannot catch up to our demand
There is a finite amount of fossil hydrocarbons below the ground. There have been numerous serious predictions about when this supply will run out, but they've all turned out to be incorrect, making it difficult for many to accept that this resource will run out at all.
You've been filled by big oil. Light, sweet crude easily available has dropped dramatically.
In 1974 we were told that we'd run out of oil, that is, the entire world, by 2000.
22 years later we are using MORE oil now than in 1974. Still, the messsage is clear: fear, panic, worry.
Well yes and no. We're using an insane amount of fresh water to extract and process it. We're rapidly running out of water and which is a must have, water or oil?
There is no way there is transparency. These companies are listing on public offerings so any news so finite supply will affect shares value so there is an inherit conflict of interest from day 1.
I worked in well logging most of the 80s and the well logs on exploration wells are a closely guarded secret. They even used communications equipment similar to what the military’s cypher equipment used back then to transmit the well data to the home office.
@@Chris_at_Home and what did Kennedy say about secret societies .
They aren't to be trusted.
@@onewordhereonewordthere6975 what ??? Keeping business secret a bad thing ??? I dont think you want random people looking at your phone.
@@error-mc5xw having an unlisted pH number is NOT THE SAME THING . HAVING A RESEARCH AND DEVELOPMENT DEPT ! IS NOT THE SAME THING.
P.s. KENNEDY WAS A SNAKE TELLING US ABOUT THE SNAKES !
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
Besides the obvious atmospherics carbon problem there's is this issue of major value being deposited in a few countries which for the most part don't distribute fairly.
I can image energy production being localized as these new technology come on line, thus freeing vast amounts of capital value to local economies. One can can imagine at that point the capital values switch to companies that produce equipment/technology.. instead of actual material its mind and creativity.
Perhaps this has always been the greatest capital anyways.
1:45 1:48
This program is the technical equivalent of polite conversation. Calmingly filled with mostly meaningless facts and definite statements empty of conclusions or meaning.
Why "pose" a question when the intent is to never stir the listener a conclusion. As the program would say, " Some think that titles of programs are there to attract those interested in fashionable topics, open the audience to more content that does not inform, only gives a flavor to a topic to increase the appetite for similar blandly spiced content. Others say..."
In my 70 years of my life, we have passed peak oil several times and now we have hundreds of years of petroleum.
The US, Europe, and world have passed peak conventional oil production. The only reason there's still fuel for your car is that alternative methods have been developed to find deeper oil, stuck in the cracks of rock formations, as well as deep undersea oil. Eventually, the height of technological advancement will be reached, and oil will be exhausted. I expect oil prices to rise drastically in the next two decades, with oil being a rare fuel for cars by the end of the century.
@@Jake-rs9nq That is a complete lie. We are not even close to peak in the US. Where did you get that garbage, certainly not from the American Petroleum Institute. Stop with your garbage.
according to BP we have 47 years of oil
@@flaviopalmiro Fake News. Check with the American Petroleum Institute API and they will disagree with that. I don't believe any credible source from BP said that. I believe we have 200 years plus.
@@richardallison8745 I have not found any data from API regarding that. From EIA US Energy Information Admnistration I have found that proven reserves of crude oil is 38 billion barrels. Without imports, that gives around 6 years of oil. I believe the US will import more in a near future.
I know one thing for sure… the price of fuel has rocketed in the UK.
It’ll always be about the money
@Valerie Chastain it's the same big oil big power republic democratic USA , CHINA or C I A. .you don't stand any chance at all . untill you understand this is our reality. There is no one at the top coming to save us no one !!!!
I bet it's the EU's fault, idiots
Yeah, I suspect that the gas companies are just banking on multiple things, two for example: end of easy oil and a switch to electrical cars - despite the fact that they use a lot of plastics, they are long term products not consumables like oil.
200 million cars in the USA has to be destroyed. 300 million electric cars to BUILT . climate change ? My sss
@Valerie Chastain Oh, we definitely know you don't think. You didn't need to clarify.
Its crazy how long it took them to just hook a shop vacuum to it lmao
Interesting content 👍
26:40 Until the explosion, the "Deep Water Horizon" had an excellent safety record...
Reminds me of the "Fat Man" and "Little Boy" which both also had an excellent safety record.
🤣
It was not an explosion, in the combustion sense, but a release of internal pressure, nothing remotetly predictable, that far below the surface of the gulf waters already under pressure, no diver can survive.
Engineers must always endure punishing criticism when things go wrong, in contrast to politicians in charge saved by 'self legislated immunity'.
Too bad some inside trading ones like pelosi weren't sitting on a saddle on top of fat man, best engineering feat of implosion synchronization.
@@demoncloud6147 At least both of those were designed to explode.
The Horizon was fine until a Navy Sub snooping around bumped into the Wellhead and caused the spill. Then blame it on another oil company. Oil is still washing up on the shore's year later.
The sun pours enough energy onto our planet to supply all we need. If only they can charge us for it will it be used
Most countries do that already by putting heavy taxes on solar cells and windmills and requiring you to sell your exes power back to the main grid at a laughable price so they can resell it for a large profit. Governments don´t want anything green unless its cash.
Your right. We can pick solar panels off trees because that's how they are made.
it, the sun, didn't shine on texas in the deep freeze in february of 2020, where some solar panels were needed to supply electricity for heating. oklahoma used our coal generators to make electricity, thanks to our Republican Governer Kevin Stitt...coal saved our _____....
They do charge us. It’s called solar panels, batteries for solar panels etc, and then in some countries there’s tax on what your solar panels produce. 🥸
Theres huge oil reserve off alaska and in the gulf but the leases not getting approved are the problem
7:59 lool how old is that recoring? Windows XP logo on the 14 inch monitor at background... Wooot.
All this activity, i am wondering if the side affects are being considered as well. The side effect i am particully wondering is allready happeding in texas, I am reffering to soil subsidence.
or sinking soil witch will eventully lead to forming sink holes over an large area.
Peak oil vs peak demand, its a race to the bottom, interestingly oil reserves are deposits currently in production, there are places in the world with oil deposits greater than Saudi Arabia and Venezuela combined that have not as yet been touched due to technical issues or simply left alone as a strategic reserve and so are not part of the world's pool of known reserves. Alberta has such a strategic reserve of 600 billion+ barrels that have sat untouched since its discovery in 1985 and we're not talking about Oil Sands deposits.
Awesome 🇨🇦
What oil reserve is that ?
Alberta does not have any such reserve.
@@nukkaza4863 These are the Alberta oil areas whose fields together contain a volume of oil equivalent to 1.5 - 1.7 trillion barrels. Of this total, only 170 billion barrels are viable with today's technology for extraction in terms of economic gain for investors, ie this still leaves out 1.33 trillion barrels of oil contained in the tar sands.
We can also mention that the US has an estimated 4 trillion barrels of oil contained in shale formations spread across the continental part of the country but only a small fraction of these 4 trillion barrels is viable for extraction in economic terms.
There is a lot of oil in the subsoil of the Arctic Ocean that has not even been touched and that can reach a total reserve equivalent to 800 billion barrels.
The US Geological Survey itself indicated in 2001 that the Greenland Sea alone may contain something around 100 billion barrels of oil.
Yah I know about the tar sands but the guys said Alberta has a reserve that he not talking about the tar sands, so what oil reserve that aren’t sands is he referring too
Prices go up out comes the oil shortage scares..
This is fascinating.
Time stamp 22:53. As the narrator says "even smallest mistakes could lead to catastrophe." Check the cable tied off in the left of the camera shot. Nice! That will hold a lot. Na, those sharp edges of that bracket won't cut the cable if put under stress. WOW!
Earth oil ran out
Spermwhales: **chuckles** Im in danger
What an embarrassing name. They probably have low self esteem from other whales mocking them.
@@dan9809 where did they get the name SPERM ? And who " discovered that odd But obvious observation 💦🐰🧐
@@onewordhereonewordthere6975 The whales are called such because they were hunted for their spermaceti - an oily substance found in the whale's head. There's a very large organ in there full of the stuff - it acts as buoyancy control and as a giant acoustic lens for their echo-detection ability. It's also very flammable, and so was much prized as a fuel.
I will be very happy to see that day it will be a better world
We will not run out of 🛢️ oil during our life time
in saudi there oil locations discovered 50 years ago and still running full capacity and no sign of slowing down
and there is new location discovered that haven’t been touched and left alone
This planet won't be running out of oil anytime soon. Billions of barrels still untouched. 😁
Sure but they are in Arctic and perhaps antarctic and deep water. Ghawar is at its last breath, why do you think Saudi tried to put Aramco on the stock market?
Don't worry neuclear technology is future
Damaging the planet 🌎 is my concern
The billions of oil is for emergency on when it runs out. The thing is that oil will be gone forver in about 200-300 years.
@@SerpentInside BULLSHIT!…theres 3.5 TRILLION barrels of oil under Utah/Wyoming/Colorado…its way down…butt its there….The inly thing the planet is short of is….People that can THINK for themselves….
“The fact that the shock waves are harmful to whales and dolphins is accepted.”
Love it.
I cackled out loud
It’s probably the cause of beached whales.
@@Encephalitisify I didn't do it !
The Same Bastards that say we must go electric Did ! AND ARE STILL...
. DOING IT ! BUT IF WE
ARE DEAD THEY WILL STOP !!
YOU BELIEVE A MURDERER CARES ABOUT YOU !
What's the solution then, apart of the screaming and nagging about the damage to the poor marine creatures? What is the proposed technological alternative to the sound wave? Some people ( mainly from the Golden Billion generation in the West) are disgusting hypocrites. They are living in the ultra modern megacities and towns, equipped up to the neck with energy guzzling high end gadgets, vehicles, ships and trains or whatever...with their AC houses with heated floors and TV screens, washing machines, fridges etc...They are using ultra modern airplanes, sometimes weekly or monthly, delivering their pampered asses globally, alongside the above-mentioned goods, incl.some food items directly from the field and sea floor etc...and these oil addicts preach the governments and the international corporations to halt furthermore explorations of the same substance they are hooked up to? Bloody hypocrites.
@@twinrg soul ution 🤔 your Dead .please I will convert a Hurst to electric if that will make you happy on your final ride that is coming soon.
Based on current consumption and reserves, We got:
47 years of oil left
52 years of natural gas
133 years of coal
Eventually, oil will run out of people…
Thomas Robert Malthus has tried to explain. In the USA 🇺🇸 so much energy from oil & natural gas has used for, herbicides, insecticides & fertilizer to grow wheat, before wheat is harvested, more energy has already been put INTO the wheat than is IN the wheat. When oil & natural gas are gone. The agricultural con-job/(revolution?)will collapse.
I am a big fan of Robert Malthus; however, he died in 1843. We'd love to see your source for this assertion.
Better talk about renewable energy sources and how we can get rid of oil in transportation and heating.
"Planet of the humans", come on man.
better to talk about why oil was the last energy resource as most alternatives (solar, nuclear etc) are products of the oil industry.
The price of oil depends on us believing that it is running out.
Not bad, shame it goes on about oil spills for a quarter and isn't strictly related to oil supply
The depth of this video is just insane. Thank you for bring it here on TH-cam.
recycle the plastics back to usable fuel.
you will spend more energy than receive from it...
Absolutely right there's millions of barrels of oil in plastic waiting to be recovered
"recycle the plastics back to usable fuel."
This is the kind of intelligent thinking you get when you raise people on a steady diet of Scientism and TED Talks. We can do anything with anything, with magic technology and believing harder!
@@samuelanketell8190
"Absolutely right there's millions of barrels of oil in plastic waiting to be recovered"
Truly we live in the age of anti-science.
@@S3l3ct1ve yea plastic easy to create but not do distroy or reuse pity
Love how they didn't talk about Venezuela having the largest current oil reserves and how its basically untouched. They barely even pump any oil anymore because there oil infrastructure is literally falling apart.
Good information video
That airgun is really .... an asshole move
yep I agree also
....answer: *No* (it's a fear tactic to use scarcity to herd the sheeple.
The sheeple are the ones who want to continue the oil industry. With oil based fuel we have to be dependent on those who own the oil and pay what they ask so they make their large profits from us. Better option is to find alternatives which allow us to produce our own fuel with no profits going to someone else. Sheeple love to give their power away while others prefer to be empowered.
I have watched a few different documentaries on oil and they have always said there's more oil in Alaska and some other places then we have used since we discovered oil to this date. So I'm pretty sure we aren't running out anytime soon
In which oil and gas and electronical energy consumption should be relatively equally
About 20 years ago, the World Bank estimated 40 years remaining of 'easy to reach' oil, and then another 60 years of 'difficult to reach' oil that would require new technologies to extract. We're already seeing that...tar sands, shale oils, horizontal drilling.
They also estimated that the oil industry is given about $1Trillion per year in subsidies (direct and indirect) that includes research and development money, tax breaks, tax incentives, imminent domain privileges, etc.
It's far past time to invest that money in technologies for Alternative Energy sources and methods.
What oil fields have you worked in ? do you believe everything the world Bank says. Has the world bank ever lied ? Could a bank have incentives to persuade the masses with false information ?
1st law of thermodynamics energy cannot be created or destroyed (by man)
@@onewordhereonewordthere6975 The vast majority of qualified scientists on this topic agree. Earth is running out of oil. In 50 or so years....... end
MY NEICE USED TO WORK FOR AN OIL COMPANY SHE TOLD ME THE OIL COMPANYS ARE LIEING TO US NO/1 OIL DOSE NOT COME FROM THE VEGATASHION LAYER LIKE THEY TELL YOU NO/2 THE EARTH REMAKES THE OIL THATS TAKEN AS ITS THERE TO KEEP THE EARTH COOL IT WILL NEVER RUN OUT ITS JUST ANOTHER BULLSHIT LIE ITS RUNNING OUT THEY JUST TELL YOU IT IS SO THEY CAN CHARGE MORE FOR IT.
@@rodobrien3488 Dear Rod: what you are saying is contrary to the view of every credible geologist.
A friend of mine is world known geologist and I asked Him that same question. He said the present answer is now however obviously over hundreds of years liquid oil will slowly run out. Shale oils are still rather plentiful however the process to remove the oil can be costly and time consuming.
Costly, time consuming, and DEVASTATING to the ground water supply.
Like slash and burn agriculture which has been used for thousands of years?
Not all that inneficient when you consider all the wars and sanctions over light crude oil. The US has spent trillions of dollars through it's military to make light crude more easily available to it's citizens. That is incredibly inneficient
I tell that All These calamities that are going on around the world is going to lead to a Sunday law which will be the MARK of The BEAST, Those that keep God's seventh day sabbath will be persecuted and prohibited from buying and selling, Jesus is coming soon.
@@RiverogueLander Its ROI and balancing billions of printed fedres fake greenies for access to others resources to take and resell,
The nobility make a profit, they keep on doing it
This making me want to read Upton Sinclair again.
I agree that we need to find an alternative to oil. EV vehicles cannot be the answer overnight as the powers to be think as the power grid is already overloaded.
Toyota hilux 2.5L has to work for 30 straight years for the match enviromental damage that caused by single tesla model s production
This is TOTAL BS
The North America Continent is SHUT DOWN by politics to boost prices and sell the EV car scam in a STOCK PUMP AND DUMP
Oil supply and prices are RIGGED and these is no such thing as peak oil
even EV vehicles need oil to lubricate moving mechanical parts!!!! so.... go figure... and manufacturing machines, like presses, and robotic welding machines, etc need oil to lubricate, pressurize systems, and clean.... so.....
We have plenty of oil for hundreds of years. Many think the earth make oil. So if we stop using it in our cars what about the other 6,000 products made from it including plastics, drugs and fertilizer that feeds 4 billion peopple? And if we continue to make these OTHER GOOD products what do we do with the gasoline that will still be produced every day?Its one big scam to pump EV stock prices
@serdarcam99 No that is misinformation. It takes between 6 and 18 months to offset the carbon inputs of their manufacture. This is because EVs are more efficient than gasoline-powered vehicles and they produce zero emissions while driving.
For example, a study by the Union of Concerned Scientists found that the average EV in the United States offsets its carbon footprint after about 18 months of driving. The study also found that EVs produce significantly less greenhouse gas emissions over their lifetime than gasoline-powered vehicles.
There is no shortage of fossil fuels other than where they are used. Geologic processes create oil on a continual basis. There are so many untapped reserves some of which still generate oil even after heavy pumping.
Your sense of scale needs to be recalibrated. Geologic processes takes place on a geologic timescale. In just about 100 years, we have already used up about half of the oil we can access. This oil was accumulated over the past 4,000,000,000 years !
@@danielch6662 Understood but there are plenty of processes that are still ongoing that started back then that have still not been tapped. Similar to gold and silver mining. The known hot spots have been hit hard but the real estate is miniscule in terms of the Earth's surface above and below water.
@@hansmroch3214 The Earth produces less oil in one year than my small city consumes in one day. It's not even close to being enough.
@@Jake-rs9nq Untrue. There are large untapped reserves. So when Biden sends 1 million barrels to auction overseas per day your town consumes more? I doubt it. If you actually used your time checking facts instead of using your feelings the amount of oil pumped in the USA per day is 11, 600,000 barrels per day. Again hardly believe your small town consumes that much. And that is just the USA. Why do you think Russia and Ukraine are at war? They want the massive oil reserves under southern Ukraine.
@@hansmroch3214 Is English even your first language? I said the EARTH produces less oil per year than my town uses in a day. I'm talking about natural generation, not American production.
As a petroleum engineer we should change the way we drill and come up with alternative way of drilling which is easier and can cut drill time, the better way the more oil will be generated. One more we also need to change exploration.
We drill 1000 bbl a day wells in 8 days. 10,000 feet down 10,000 foot horizontal. Drill time is no issue.
@@wyooutdoors9513 But time is money, which I think was his point.
Cant we produce synthetic petroleum? Or why could we not? I mean we can engineer anything. Doesnt the earth produce more oil ?
That kind of thing is easier said then done, oil companies #1 concern is to get the oil as easily (and therefore cheaply) as possible. If they could do it they would.
You can make synthetic oil, but it's a very dirty process and clean up costs are high. South Africa nearly killed themselves trying to keep their synthetic oil plant running when the apartheid embargo was on.
See telling people how much oil you have makes it difficult to fix prices.
This production is 11 year old and things on the global oil market have changed. Especially with the US now the predominant oil producer in the World. Also, there is the concept of abiotic oil which is produced from the methane gas generated deep in the Earth's core from the molten rock and lava, then due to the high heat and pressures it becomes crude oil. Some say it's a theory, but the Russians discovered oil fields they thought had gone completely dry top up again after several decades and the pressures were high than when previously extracked.
There is no abiotic oil nor is it true that oil fields magically refill.
Yep; lots of oil fields 'refill' in as little as decades. The 'mainstream narrative' is that all the estimates were off and they are just extracting more oil than was initially estimated, but this does not account for the fact that dry wells have become not dry wells.
And abiotic oil generation isn't even that crazy of a concept; people like to point out that 'bacteria' and signs of life exist in the oil, thus it cannot be abiotic and only could come from life; well, we know bacteria and life can survive in extremely insane conditions we previously thought not possible, so why couldn't life exist down there, in bacteria pockets?
Of course, whatever we currently 'know' is declared to be the extremum of knowledge, the absolute of which the mainstream judges, thus declaring anything outside this as 'obviously wrong,' yet time and time again this mindset is proven wrong via the current extremum of knowledge merely being the greatest area of ignorance and not the de factor certainty of absolute as they claim.
The simple fact is that the oil that we have in the ground is a finite quantity. For those of us alive today it may not be an issue, but what about those in the 22nd century? Protecting the oil supply will be an issue after 2050.
There's a great invention in the Philippines that generates electricity it's a generator that generates electricity from radio frequency. It says it will change the future we don't need oil or coal to power everything on the planet. It's in youtube.
It's not finite, it is constantly regenerating, but in smaller amounts, and take millions of years
@@Peter-un8no So in the context of the time frame I have used, oil is finite.
Sucks for them
According to democrats, we only have 12 yrs left. I'm sure by 2050 we will all be underwater anyway. Lol.