So what do you all think? Are we really running out of oil? or is this just a HUGE scandal to rob us of our money by hiking up the gas prices?at 1st i believed it was the truth but nowdays im starting to think the opposite. If it is true then why are our oil reserves at a alltime high? and why is there more oil available than before? and if so why havent they put consumption restrictions on it or made us use alternative heating methods to conserve the oil? Just food for thought..Im

this is a game they are playing with our money.in fact there is still oil left in the ground in most abandoned oil pits (if that is what they are called) they just need the equipment that canada uses to get oil from the oil sands also dont forget the midwest mountains are loaded with oil they just need a better way to harvest it.

There is plenty of oil left in world....at least enough, I am sure, to last our lifetimes, maybe longer....but the supply IS dwindling and it is NOT a renewable resource (unless given millions of years....), so it is best to find alternative energy sources.......I do agree though that the whole thing is being played out so as to better line the pockets of those with interests in oil!!

Running out of oil is probably fact, but so is intentionally running out of oil refineries to drive up the cost of gasoline. What motivation does BP or XOM have to build more billion dollar oil refineries when it is making more money off squeezing the gasoline supply. In essence, by doing less work (i.e. finding new sources of oil, building more refineries to flood the market with gasoline), a company like VLO or XOM stands to make more money. If your boss paid you $50,000/year to work 40 hours/week, but told you he would pay you $100,000/year if you only worked 30/week, then it's a no-brainer. Same premise here...

 Don't know

Pandrei1984:

Running out of oil is probably fact, but so is intentionally running out of oil refineries to drive up the cost of gasoline. What motivation does BP or XOM have to build more billion dollar oil refineries when it is making more money off squeezing the gasoline supply. In essence, by doing less work (i.e. finding new sources of oil, building more refineries to flood the market with gasoline), a company like VLO or XOM stands to make more money. If your boss paid you $50,000/year to work 40 hours/week, but told you he would pay you $100,000/year if you only worked 30/week, then it's a no-brainer. Same premise here...

 Excellent analogy!

I don't think we are running out of gas or oil but they are not making it as much by closing refineries and such.  They also want to keep us on oil as long as possible as they have a lot of money invested in the whole structure.  I hope they will find and use more renewable energy resources but I doubt they are running out and trying unless they see a gazzillion dollars in it they are not going to move fast to change.

mnangelmom:

I don't think we are running out of gas or oil but they are not making it as much by closing refineries and such.  They also want to keep us on oil as long as possible as they have a lot of money invested in the whole structure.  I hope they will find and use more renewable energy resources but I doubt they are running out and trying unless they see a gazzillion dollars in it they are not going to move fast to change.

We still have oil but it is not a renewable resource so it is inevitable that we will either have to depend on oil from other countries which put us in a weakened position or we will have to find other energy sources, this is the reason for pushing for alternative energy now instead of waiting until we run out of oil in this country, in case other countries decide to cut off oil to us as a leverage point.

oil is not renewable but they are finding new ways to extract it from sand and stone that they could not do before.  They won't push for new energy sources till they have too.  They figure they have control over the oil in other countries as they are so much better than anyone else and they keep pushing dependency on everyone.  At some point long after I am gone they will have to use other means but until forced to and until they can realize a lot of money by doing it they won't change the way they operate.  Greed is the key word here, there is no real money in other energies at the moment and so they won't go there.  They will develop and sell hybrids and some will get solar panels and such but oil, gas, coal will continue to fuel us and the rest of the world.

Yep and I would love to know what the deal is with ethanol!

Lets make this one short. It takes a couple of million years and some sizable pressures for Crude Oil to become, well, crude oil.

So, the process is a bit too slow for us. So yes we will run out. Sooner rather than later.

Seti03:

Lets make this one short. It takes a couple of million years and some sizable pressures for Crude Oil to become, well, crude oil.

So, the process is a bit too slow for us. So yes we will run out. Sooner rather than later.

 

 

ohhhhhhh.  

mnangelmom:

oil is not renewable but they are finding new ways to extract it from sand and stone that they could not do before.  They won't push for new energy sources till they have too.  They figure they have control over the oil in other countries as they are so much better than anyone else and they keep pushing dependency on everyone.  At some point long after I am gone they will have to use other means but until forced to and until they can realize a lot of money by doing it they won't change the way they operate.  Greed is the key word here, there is no real money in other energies at the moment and so they won't go there.  They will develop and sell hybrids and some will get solar panels and such but oil, gas, coal will continue to fuel us and the rest of the world.

I hope they will develop something else and soon.

I have to guess that its all about profit...if you look at the profits on the stock exchange, doesn't that explain it? There should be a cap like there is on interest rates...or at least there was.............

I don't think we are running out of oil.  I think this is a way to try and push us more towards "green" cars.