Oil isn't infinite, so how much is left?
We all know oil is an exhaustible resource, but how close are we to the "bottom of the barrel" so to speak? Do you think the recent increase in gasoline prices has anything to do with this?
to say it is infinite isn't really true. we are using it up quickly but it is always reproducing itself , it just takes thousands of year to happen. i'm guessing if the truth was to be told, we have a lot more then the oil companies want to admit.
It's a pretty well understood fact that there's not that much oil left that is "Easily and Economically Recoverable" that is the big problem - finding it and then getting it. Wikipedia has done a pretty good job of explaining Peak Oil and has some interesting quotes from top oil executives discussing the topic and in particular the relationship between "finding it" and "getting it" at an economical price.
Stuff You Should Know podcast from howstuffworks.com has a great podcast on this. They're smart, engaging, entertaining, and you'll learn something. Here's the link http://blogs.howstuffworks.com/transcri … ut-of-oil/
by Myn Is Me 5 years ago
Can sharks stop swimming?
by My Esoteric 6 hours ago
After oil prices came down to record lows after the Great 2008 Recession during the Obama administration, they have skyrocketed since Trump took office. Around the beginning of 2016, Brent Oil prices were around $30/bbl. Today, they are north of $80/bbl.Why?
by bankscottage 6 years ago
Why isn't the media commenting about the high price of gas?The price of gas in New England is $3.85 to $4.09 for a gallon of regular gas. Where is the outrage? Why don't either of the presidential candidates comment on this? How does this help the middle class?
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