{"id":32274,"date":"2018-03-13T07:31:42","date_gmt":"2018-03-13T12:31:42","guid":{"rendered":"http:\/\/olduvai.ca\/?p=32274"},"modified":"2018-03-13T07:32:13","modified_gmt":"2018-03-13T12:32:13","slug":"the-world-oil-supply-is-infinite-i-know-that-because-i-believe-it","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=32274","title":{"rendered":"The World Oil Supply is Infinite: I Know That Because I Believe It"},"content":{"rendered":"
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The World Oil Supply is Infinite: I Know That Because I Believe It<\/a><\/h3>\n<\/div>\n<\/div>\n
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Earth scientists have been making the case for years that the present level of human activity is not sustainable.\u00a0 We\u2019re rapidly depleting resources, degrading ecosystems, altering the atmosphere, etc.\u00a0 What earth scientists are saying is generally not covered by the mainstream media, or is sugar coated, because the mainstream media is an outlet for the corporate perspective on the world.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/header>\n
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As an example, in 2017 global crude oil + condensate production (typically used to define oil-this does not include natural gas liquids, biofuels, or other hydrocarbon liquids) was about 30 billion barrels. Cumulative world oil production at the end of 2017 was approximately 1.36 trillion barrels (1,360 billion barrels).\u00a0 Since WWII, approximately 95% of the cumulative total global oil production has been produced (See Figure 1 by Jean Laherrere-the top brown line represents global oil production).<\/p>\n

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Figure 1<\/strong><\/p>\n

Jean Laherrere, an international petroleum geologist with over 50 years of experience, had estimated ultimate recoverable oil, excluding extra heavy oil, at approximately 2.2 trillion barrels back in 2013.\u00a0 It\u2019s a good bet that the ultimate recovery of economically <\/strong>recoverable oil will be less than 3 trillion barrels.\u00a0 At the clip we\u2019re burning oil, we could go through a significant percentage of the remaining economically recoverable oil in the next 20 years.<\/p>\n

Ugo Bardi makes the case that the actual oil production curve will look more like Figure 2.<\/p>\n

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Figure 2<\/strong><\/p>\n

Bardi is the author of a Club of Rome produced report titled \u201cExtracted\u201d that reiterated\u00a0the earlier conclusions of the Club of Rome in their \u201cLimits to Growth\u201d report of 1972. Bardi concludes that the problem of depletion is real and that it is progressively getting worse.<\/p>\n

In recent years, the rate of global oil discovery has been running less than 1\/5th<\/sup> the rate of global oil consumption (Figure 3).\u00a0 It appears that the 2017 discovery rate will end up around 1\/10th<\/sup> of the consumption rate.\u00a0 The most favorable geologic areas for oil have now been extensively explored so there isn\u2019t that much oil left to find.<\/p>\n

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Figure 3<\/strong><\/p>\n

About 95% of transportation fuel is oil distillates.\u00a0 It\u2019s common to hear that electric vehicles are going to take over the motor vehicle market sometime soon and eliminate much of the demand for oil in the not-too-distant future.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

The World Oil Supply is Infinite: I Know That Because I Believe It Earth scientists have been making the case for years that the present level of human activity is not sustainable.\u00a0 We\u2019re rapidly depleting resources, degrading ecosystems, altering the atmosphere, etc.\u00a0 What earth scientists are saying is generally not covered by the mainstream media, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[328,588,596,6665,19260],"class_list":["post-32274","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-fossil-fuels","tag-oil","tag-oil-supply","tag-resilience-org","tag-roger-blanchard"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/32274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32274"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/32274\/revisions"}],"predecessor-version":[{"id":32275,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/32274\/revisions\/32275"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}