42 Years of Oil? Don't Think So...

[Radicool]

I noticed that there were 40 or so comments on the Oil thread. Browsing through some of the replies, it appears nobody really has any idea!

We have longer than 42 years of oil. The thread is wrong, the source is wrong.

"42 years of oil remaining if consumed at current rates".

Source: http://www.eia.gov/cfapps/ipdbproject/IEDIndex3.cfm?tid=5&pid=57&aid=6

What the source fails to state is that NEW SOURCES OF OIL ARISE! Can I prove this? Sure I can. Apparently Australia just hit a fucking buttload of oil. They're estimating 20 trillion dollars worth or something?

Evidence

http://www.theherald.com.au/story/1732566/greg-ray-shale-oil-or-snake-oil/
http://www.adelaidenow.com.au/news/...n-fuel-australia/story-e6frea83-1226560401043
http://moneymorning.com/articles/this-massive-discovery-has-put-the-saudis-into-a-panic/
http://www.abc.net.au/news/2013-01-24/major-oil-discovery-in-outback-sa/4481982
http://au.christiantoday.com/articl...-alternative-oil-to-the-middle-east/16152.htm

There has been talk the media is ignoring this discovery, or at least stopping it from hitting headlines. Is this true? I don't know. Why? Because they don't want to stall a renewable energy movement perhaps. Pure speculation.

 

[Roland]

Not this Thread again, Jondrean already posted this.

 

[Rheiko]

but his post is different

Edit:

@Radicool
well, actually you should post this at Jondrean's thread
because posting a thread with same topic is probihited

 

[sonofjay]

Not this Thread again, Jondrean already posted this.

Did you read the thread contents? I haven't read the whole discussion on the first one but I think Radicool is trying to point something different here. Should have posted this on the other thread instead if making a new one though.

 

[Rheiko]

Should have posted this on the other thread instead if making a new one though.

as i already stated

 

[Radicool]

What are you guys talking about.

@Radicool
well, actually you should post this at Jondrean's thread
because posting a thread with same topic is probihited

Because the foundation of his thread was built on false information. A new thread is needed to properly address the issue. A comment on his thread would simply get lost.

Not this Thread again, Jondrean already posted this.

No he didn't.

 

[Roland]

Oh, Sorry. Go on with more comments, Rad

 

[Deleted member 219079]

I'm glad we won't run out of oil that soon

Edit:

Because the foundation of his thread was built on false information. A new thread is needed to properly address the issue. A comment on his thread would simply get lost.

It wouldn't get lost Also if you want more attention to your posts, make them long. At least they get my attention.

 

[Xonok]

It seems highly likely that we can not run out of oil in the remaining centuries. However, it is also highly likely that as it gets mined from deeper and deeper deposits, the price will rise until some other fuel eventually comes out cheaper.

 

[Nuclear]

I hope it would end soon due to the damage it causes. We won't shift into other energy sources until there's significant pressure to do so.