Saw this on the PistonHeads web site, ouch!!

My link

Saw this on the PistonHeads web site, ouch!!

My link

A vision of the future?

Ouch definate coming here I was under the impression that the tankers , farmers, buses and Joe public will be doing rolling road blocks this summer

Aye saw that in the paper! We'll run out of oil before that happens

Aye saw that in the paper! We'll run out of oil before that happens

Circa 2040 for running out of oil based on current known reserves. demand should outstrip supply probably by 2020, but no one is sure on that one. However, as the price of oil increases so it becomes more economically viable to extract stranded reserves. In addition, alternatives are being developed to supplement existing oil supplies, but we shall have to wait and see how they really go and whether they actually reach commercialisation. Sorry, pet subject of mine.

Circa 2040 for running out of oil based on current known reserves. demand should outstrip supply probably by 2020, but no one is sure on that one. However, as the price of oil increases so it becomes more economically viable to extract stranded reserves. In addition, alternatives are being developed to supplement existing oil supplies, but we shall have to wait and see how they really go and whether they actually reach commercialisation. Sorry, pet subject of mine.

As long as they come up with another solution, quite frankly im shocked hydrogen hasn't taken off but I guess the oil companies pay companies to stop that technology being developed in the name of profit

I believe they are staging a "go slow" from Manchester/Liverpool via the M56, M62, etc ending as a fuel protest at the Stanlow refinery early in May... could be the start of a summer campaign.

Edited 27 April, 201115 yr by Superbalicious

Circa 2040 for running out of oil based on current known reserves. demand should outstrip supply probably by 2020, but no one is sure on that one. However, as the price of oil increases so it becomes more economically viable to extract stranded reserves. In addition, alternatives are being developed to supplement existing oil supplies, but we shall have to wait and see how they really go and whether they actually reach commercialisation. Sorry, pet subject of mine.

Thats just based on what we know is there at the moment. They are constantly exploring for Oil (I know, i have shares in them....and unfortunately Desire Petroleum :( ).

They have also recently started 'mining' oil in Atlanta i think which is to thick to come to the surface under its own pressure. They have found a way of extracting it and refining it to petrol grade.

In 30 years a lot can happen and i don't think that we will be short of oil anytime soon (this half of the century anyway).

I would also hope that within 30years they will have found alternative fuel or mastered induction charging for cars and laid it into the roads etc.

As long as they come up with another solution, quite frankly im shocked hydrogen hasn't taken off but I guess the oil companies pay companies to stop that technology being developed in the name of profit

Whilst hydrogen is a possibility for the future, both in conventional engines and fuel cells, it is currently a very dirty fuel. Yes the emissions are completly clean, but it takes a lot of energy to create the fuel in the first place. Once we have an ample supply of renewable/nuclear clean energy (lets not get into a debate on nuclear power here), hydrogen could become a true reality. Another issue that will have to be overcome is that of supply/distribution. Gases are not easy to pump across long distances and hydrogen as a cryogenic liquid (-186 degrees C) needs a lot of care. Currently in the UK, most fuel is moved via pipelines Line Watch which have been in place for many years. To rebuild something on that scale will not be easy to take another product.

So hydrogen will happen, when it can be obtained cleanly, and when there is a supportable infrastructure fot it.

Thats just based on what we know is there at the moment. They are constantly exploring for Oil (I know, i have shares in them....and unfortunately Desire Petroleum :( ).

They have also recently started 'mining' oil in Atlanta i think which is to thick to come to the surface under its own pressure. They have found a way of extracting it and refining it to petrol grade.

In 30 years a lot can happen and i don't think that we will be short of oil anytime soon (this half of the century anyway).

I would also hope that within 30years they will have found alternative fuel or mastered induction charging for cars and laid it into the roads etc.

All true, but world wide demand for oil is increasing. Today it is something like 30 billion barrels a year, and is expected to rise to something in the region of 40 to 45 billion barrles by 2025.Known oil reserves in 2007 were 1 trillion barrels (do the maths). Granted oil companies like to underestimate just how much they are sat on (look what happened to Shells share price in 2002/03 when they down graded their reserves by 30%) and as the price of oil increases so it becomes profitable to extract the harder to obtain reserves. for an exmple look at the canadian tar sands which were not profitable unless oil hit $ 45 a barrel which it did back in 2004/05.

so, predicting when we will run out of oil is very difficult, as is trying to predict when Peak oil will be reached (when demand outstrips supply). All i can say at the moment is that new oil finds are not keeping up with the increases, and whilst alternatives are being worked on, they are a long way off from commercialisation except those that are not as environmentally friendly.

All true, but world wide demand for oil is increasing. Today it is something like 30 billion barrels a year, and is expected to rise to something in the region of 40 to 45 billion barrles by 2025.Known oil reserves in 2007 were 1 trillion barrels (do the maths). Granted oil companies like to underestimate just how much they are sat on (look what happened to Shells share price in 2002/03 when they down graded their reserves by 30%) and as the price of oil increases so it becomes profitable to extract the harder to obtain reserves. for an exmple look at the canadian tar sands which were not profitable unless oil hit $ 45 a barrel which it did back in 2004/05.

so, predicting when we will run out of oil is very difficult, as is trying to predict when Peak oil will be reached (when demand outstrips supply). All i can say at the moment is that new oil finds are not keeping up with the increases, and whilst alternatives are being worked on, they are a long way off from commercialisation except those that are not as environmentally friendly.

It is now 1.8trillion barrels looking at some reports....

By which time we won't be able to fill our cars up and all living like iRobot, sneaking out in the middle of the night to take the VRS for a blast on your last £600 gallon of fuel

At the moment 1.67Euros/L (Unleaded 95) which is 1.48 in pounds.

At the moment 1.67Euros/L (Unleaded 95) which is 1.48 in pounds.

Wow your paying much more than use were abouts are you Europe I suppose, I am paying 1.42 for diesel