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Old 03-15-2012, 05:12 PM
 
Location: Newport News Virginia
430 posts, read 1,087,891 times
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How much/how long will the worlds oil supply last until driving full sized vehicles becomes to expesive for the masses?
Any rough dates and prices of gasoline in the future?
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Old 03-15-2012, 05:14 PM
 
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Ask the oil speculators. They're the people who set oil prices through their gambling.
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Old 03-15-2012, 05:23 PM
 
Location: DFW
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There's a lot more oil out there than most people realize but extracting that crude when it's $100/barrel may not be profitable. Once oil goes even higher say $200 or $300/barrel, these additional sources will be tapped.
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Old 03-15-2012, 06:36 PM
 
Location: Fredericksburg, Va
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There's TONS of oil and even more natural gas. Vehicles can run quite well on natural gas...and guess who has the most? Oh...it's US!!! The USA! Why are we developing that, instead of solar and wind farms.....that's fine for electic generation (to a point), but not for cars!

As soon as we get folks in government who thinks we should use our resources, we'll keep paying $5 and up for gas.
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Old 03-15-2012, 07:08 PM
 
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Quote:
Originally Posted by ragnarkar View Post
There's a lot more oil out there than most people realize but extracting that crude when it's $100/barrel may not be profitable. Once oil goes even higher say $200 or $300/barrel, these additional sources will be tapped.
To some extent this proves my point. Normally things become more expensive when they are more difficult to produce. In the above post it becomes worth it to get the more difficult oil after the price has gone up enough to be worth it.


I wonder if it is possible to determine the actual net cost of one barrel of oil. I don't mean what some person or group says it is, but what it actually costs to produce for sale.
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Old 03-15-2012, 07:13 PM
 
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It will last forever. And, it is already too expensive for the masses.
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Old 03-15-2012, 07:17 PM
 
Location: The Circle City. Sometimes NE of Bagdad.
20,370 posts, read 21,094,696 times
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Short answer, "no on really knows." It's all a guess at this time.
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Old 03-15-2012, 09:46 PM
 
Location: Planet Eaarth
8,955 posts, read 18,587,144 times
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Quote:
Originally Posted by Mister Miaugie View Post
How much/how long will the worlds oil supply last until driving full sized vehicles becomes to expesive for the masses?
Any rough dates and prices of gasoline in the future?
A much debated subject that has strong opinions on both sides. Right now no one has a crystal ball to know when the date oil will "run out" but there will be less and less to buy for the general public at prices that will put people in the poor farm.

The smart thing to do today is start acting ,and living, like the oil will be gone tomorrow for real. Those who do will have the advantage of being ready to live a much simpler life style forced on all by the collapse of oil driven economies.
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Old 07-22-2014, 10:52 AM
 
Location: Pac. NW
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We're at peak oil production now. It can only go downhill from here.

Cheap oil has shaped our society for decades now, since the late 40's actually. It's what allowed the suburban lifestyle to happen. Not to mention urban sprawl.

That's all on it's way out because fewer people want to to spend money on increasing costly fuel to commute, not to mention that younger generations are opting out of the "raise a family in the 'burbs" thing.

It's predicted that our way of life will become more urbanized, with much less commuting in gas powered cars. Public transportation and more densely populated urban centers will increase.

I wouldn't be shocked if this becomes the norm within the next ten years.
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Old 07-22-2014, 12:04 PM
 
Location: NY
9,128 posts, read 16,312,553 times
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Although it is more personal opinion than anything, I do not see oil suddenly drying up, people being unable to get around, or an economic calamity due to oil on the immediate horizon.

Yes, the amount of cheaply available light sweet crude is limited, and we are at peak production. That means eventually the cost of crude is going to go up (which accounts for about 65% of the price per gallon of gas).

However, as the price of crude goes up, other sources will come into play which are just too expensive at the moment to really tap into.

As for societal mobility, I am sure as the price increases most people (above the absolutely poor) will find a way to afford the fuel they need, the more efficient vehicles that will help, and keep on moving. Seems the majority of people have tons of other luxuries they may be more apt to scale back on or give up before their mobility.
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