Front page of The Independent.

[Wideboy]

cant drill the Falklands disrespectfully for the war

[Rich]

Originally Posted by «Ŵìđéßõ¥»

cant drill the Falklands disrespectfully for the war

Are you sure thats going to stop them in 100-200 years time, i dought it!!!

Originally Posted by Flamin_Squirrel

It won't 'run out' anyway, it'll just get more expensive.

Ever?

Of course we all know it is running out, and I fully hope we do something to prepare for when the demand far outstrips supply.
It's the airlines that will have the real problems, or at least the passengers will, since there's no alternative to the current aviation fuel.

Still, I'm sure the oil companies won't complain if these reports drive the price of a barrel up a few percent.

[tigersaw]

Hmm, I remember the same thing in the 1970's. That never came true either.

Originally Posted by tigersaw

Hmm, I remember the same thing in the 1970's. That never came true either.

Good point, old git

All that happened there was for a short period of time demand outstripped supply. Add that in with the OPEC embargo and that was an oil shock.
In the 80's there was actually a glut of oil on the market, so the shrill voices that claimed the oil was running out were ridiculed.

The article is a little scaremongerish, the oil won't run out but the peak of production will have passed and oil demand will exceed supply.

and isnt north sea gas going to run out in 1988?

Oil WILL run out. The main problem is the exponential rise in demand from developing countries, especially China and India. It's not the same as it was in the seventies. At that time reserves were being depleted but new sources were being found just as fast. That's not the case any more.

In a few decades burning oil for leisure (like a lot of our motorcycling) will just not be an option. No, I don't like it either but that's how it is.

looks like we should all buy deisel then, make the fuel go further.

Originally Posted by keithd

and isnt north sea gas going to run out in 1988?

The UK is an importer of gas.

[tigersaw]

Well I know a little bit about oil reserves, since my best buddy is a senior geologist for BP. The Independents' estimate for the reserves in Algeria is way way off the mark. If thats the case, then the whole article cannot really be given any credibility.