Look at the facts. Oil discoveries peaked in the 1960s. New oil field discoveries are smaller and smaller. Why would companies spend billions to find new extraction methods unless all the cheap easy oil was already depleted? Open your eyes.
eco schizophrenics tend to recycle the same bs every few decades. There were electric cars a few decades ago too and then the fad died down cause it's a dead end technology. The world will be running on oil for the next 50+ years with no issues, same thing with Coal, who's use only increases every year.
@@xythx yea id agree on that. but you might need to give the world a rest for a few thousand years if we are sucking more than the big ball is making. but who knows as it's just one lie after another
@@bobb.6393 Oil isn't forever,based on politics.We can't get oil from Russia,and we can't rely on foreign oil incase we don't get a long and they choose to quit selling it to the U.S.
I had to listen to that twice "compressed air guns are used to scan the sea bed and and produce the loudest human made sound...the fact that whales and dolphins are affected is accepted"...and we wonder why they beach themselves bleeding out of every orifice.
@@clinteastwood8242 Hey Clint !...i have a Clint Eastwood joke.....where i live they named a street Clint Eastwood st...but they had to rename it as no one crosses Eastwood and lives ! 😉
I work in the oil game and I can tell you that you wouldn't believe the lengths we go to to ensure there are no mammals in the area before we use the 'Not the worlds loudest sounds produced" air guns!!
@@MultiLeggy Did you notice i used quotation marks ?...that means i was repeating something...verbatim...that was said in this documentary. Here is the time stamp to make it easier for you....19:34...you only have to listen for 30 seconds or so...it's all there oil game person.
@@dazuk1969 Oh I saw the quotes Darren. I would like to see the credible evidence that shows compressed air guns are the cause of "why they beach themselves bleeding out of every orifice". It's in quotes - because its from you. I'll tell you why its not the case. Firstly - it's nowhere near the loudest sound ever produced; secondly - If it was loud enough to make them bleed out of every orifice (or even just one) they would never make it to the beach. Thirdly - there are boats that scan the area prior to using guns and yes the operation gets halted if so. I'm not suggesting that every operator complies but this documentary is so full of holes & bias it's unreal. I prefer truth so people can come to their own correct conclusions. Your sincerely, - "oil game person".
I've spent the 7 years in Iraq. They believe that there is enough oil below ground to keep the engines of the world running for 100 years. True or not is not the point. The point is that they are now openly discussing how useless this will be once sustainable methods of power become cheaper and more reliable. They know that the clock is ticking and that they better use their black gold resources well now or they will be in trouble. Countries such as Saudi and UAE understand this intimately and are planning accordingly.
@@S3l3ct1ve EVs depend upon oil for plastics. The fiberglass blades of wind generators depend upon oil. The roads are paved with asphalt - a byproduct of oil refining. Oil is a necessary commodity for a technological society. Fertilizer is created from natural gas, agricultural equipment depends upon diesel.
@@ransbarger Look around you in the room where you sit. Every item has one or another source of materials made from oil or using oil. Even your food is made using oil, be it harvesting, transportation, keeping it cool etc...
@@Takemehome99 Not in practice. You simply cannot store enough of it in a practical sized tank. Plus, it is notorious for leaking. Just look at NASA's SLS launch.
@@flechette3782 there’s already hydrogen pumps/cars available. There’s not enough lithium or electricity to support electric cars. Hydrogen cars will be the future. Electric cars are a waste of time
@@Takemehome99 And those hydrogen cars can't go very far because hydrogen is not very dense. You can't carry enough of it with you. It just isn't practical. On top of that, hydrogen is VERY flammable. Much more so than gasoline.
The days of abundance for light sweet crude are pretty much gone. More of the oil being pumped nowadays is heavy and sour, so it takes a lot more energy to turn it into gasoline and diesel.
This is true. But we still have more light sweet crude than we have ever thought possible. We have chosen not to use it because of political reasons. The Guf of Mexico is so stuffed with oil it's leaking out of the sea floor. It's just oozing up threw cracks in the earth.
All the gasoline in the US comes from heavy crude, because all our refineries are heavy crude. We export all the light crude. We are producing more light crude today than at any time in history. Please get your facts straight. Furthermore, underneath the Colorado rockies is more shale than anywhere on earth.
Not as much energy as it takes to mine the raw materials for battery cars not to mention the whole new infrastructure that needs to be built to support all those battery vehicles!!!
The function of social media is to put everyone on the same page - a cult of group-think, if you will. If you dare say anything that isn't sanctioned by the group-think, you are "unfriended".
Their is federal law that says media can lie if it is in the interest of national security! Crazy fly by night pass laws like this threw at midnight when everybody is sleeping.
@@jefferyholcombe5189 No such law in the USA, the freedom of the speech would take priority anyway. Can you lie? Sure, the world is full of lies which is why each of us needs to do research on our own.
When I was a lad at high school in 1963, we talked gravely amongst ourselves believing that world reserves would run dry 50 years hence, making 2013 the 'run dry' date. And that was calculated on consumption at a rather gentle increase over that projected 50 years.
I hope you are finally getting it. The rulers of this world are lying to us. Oil is a hydro carbon and therefore a naturally occurring chemical composite within the earth crust. Crude oil is permanently self replenishing under high pressure and temperatures.
@@okonopel The Earth doesn’t replenish it’s natural oil supplies at the same rate we consume it. It literally takes 100’s millions years to form. That’s the problem...
@@okonopel You literally have zero evidence to back this up. It takes millions of years to replenish oil reserves. Typical oil shill wanting a quick buck at the expense of future generations. These predictions also didn’t take into account that oil probing tech improve at a steady rate.
Recently Trinidad and Tobago had experienced earthquakes where its epicenter were offshore. They are apparently drilling deeper for hydrocarbons. Maybe earthquakes could be liberating deeper oil to migrate up. Maybe.
This documentary is a lot more unsettling when you realize it came out about a year before fracking pushed peak oil forward by years, possibly decades.
Oil is also used for the creation of plastics of various kinds, besides being an effective fuel. Widely distributing bacteria that can break down plastic waste is increasingly important.
After 150yrs of using crude oil , it still bubbles to the surface on its own at the tar-pits (around the world) so,,,,,, definitely NOT old dinosaurs (dinosaurs are found surrounded by 4000yr old material) . Just don’t use it faster than the re-fresh rate. Specific Fungus + heat + moisture = crude oil
Recent efforts of institutional investors may mean their boycotting of carbon intensive oil extraction may soon become a bigger problem than peak reserves.
I started buying solar panels, 26 years ago, and slowly I built up a large solar array. 12 years ago I bought an electric car and it still runs great. My house is off grid and I don’t have a connection to natural gas. I have a solar powered heat pump instead. I want nothing to do with burning fossil fuels . I do, however, like plastics and Styrofoam and urethane and silicone and all other things oil makes. If we burn it all off than the commodity prices of everything else in this world is going to skyrocket.
@@michaelchownyk5255 what a joke. So fossil fuels didn’t mine the minerals that made your panels? Fossil fuels and RARE earth materials weren’t consumed to make your batteries? Which are already a landfill problem. I applaud you for trying. But, you need to open your eyes.
@markrainford1219 That's not what he said. He uses solar at consumer level and suggests oil be left for industrial use just as you complained about. My question would be what is his low winter temperature?
@@frankytalks I think they were implying more recent events like Iraq invasion by US and US-Iran tense relations. But yes, you are right that the CIA and MI6 launched Operation Ajax to overthrow Mossadegh, however it was at the behest of British Petroleum and not US oil companies. Likewise, US oil companies got very little out of 2003 Iraqi invasion. Look up who ended up with the contracts - it's not US companies for the most part.
This is an old doc but it doesn't matter. They have been trotting out this "question" every so often for decades. The first time was in the 70s, if I remember correctly.
@T C Sorry, not buying it. For over 50 years I have watched them claim, time and time again, that they were running out of oil. EVERY. SINGLE. TIME. they magically found more after getting lots of tax write-offs and government handouts. The whole industry is just a big government-handout-sucking, tax evading scam.
@T C It all boils down to not trusting the oil industry in any way whatsoever. If an oil exectutive told me the sky was blue I'd immediately head to the window to check. When I see a report by somebody that says "we are out to stop the oil industry and we've discovered it is already dying" then I'll believe it, maybe. It needs to be dead anyway.
@T C If you equate distrust of the oil industry with flat earth etc, then you have absolutely zero room to be talking about other people's beliefs or intelligence.
@@freedapeeple4049 somebody has been lying and every country in the world believe that lie and jumped on the bandwagon of sustainable development. Not one country newspaper excetera excetera has exposed this lie . No one should be above the law or Justice. No government organization should be above the law either. That should be tried and they should be punished. Fossil fuels what joke . You can look at a barrel all you want to but you won't see Jurassic Park.
@T C I'm not a teacher and I HAVE been in your place but you are trying too hard to educate a loser. I think a Teaching Nun with love in her heart might agree with me.
One interesting possibility with abiotic oil is the fact that if it is possible than you may be able to pump the resources necessary to get the process going like say oxygen deep underground where you want them to be produced rather than having to search for new sources.
@@DrDoke hey wait a minute, I was going to say that. Have you patented the idea yet? Not likely, haha those who laugh last really truly do laugh best. 🤪🤣😂🤡
I tell that All These calamities that are going on around the world is going to lead to a Sunday law which will be the MARK of The BEAST, Those that keep God's seventh day sabbath will be persecuted and prohibited from buying and selling, Jesus is coming soon.
The tar sands in northern Canada has enough oil to supply the world for the next thousand years. This doesn't include the reserves in Northern Saskatchewan, estimated at another five hundred years. ( These are not being mined as yet.) Saudi Arabia has reserves for three to four hundred years and the USA maybe fifty. Anything other than this is lies. I've worked the oil patch for twenty years in Canada, and know a lot of experts, engineers and geologists, these are the correct numbers.
@@Bewefau yes the oil is there, but it gets increasingly more difficult to get at, and more expensive. If you have 1 part oil for 20 parts sand, to separate out that oil, it might end up costing $500/gallon.
I also work in the oil industry and the company I work for found an oil supply in northern Colorado that can run America for 3 generations. Not to mention what's in Alaska and in the gulf of Mexico. All this is is to make the people afraid and raise taxes. Every time a crisis happens it leads to more taxes. Follow the money and you'll find the truth
The oil on earth will never end. But it will get so hard to extract it that no one will pay for it. That´s why we need to stick with concepts like probable proven reserves.
Before the mass production of cars, there could be found oil puddles-like water- sitting above ground. The story of Jed Clampet missing his target and striking oil was possible.
Before cars, oil was used for kerosene, to light lamps and cities, that is until electric lights and power generation came into being. Then the internal combustion engine was invented, and a new use for the oil was created, much to Rockefeller's delight. Gasoline is created as a byproduct of refining oil to kerosene, so they didn't really know what to do with it, except burn it off. The very first cars were electric, but that was abandoned to use the ICE powered by gasoline. Side note; The Teamsters were the guys that used mule drawn wagons to transport the oil from well to refinery. It was the only aspect of the business that Rockefeller was unable to buy up and take over.
There is no way there is transparency. These companies are listing on public offerings so any news so finite supply will affect shares value so there is an inherit conflict of interest from day 1.
I worked in well logging most of the 80s and the well logs on exploration wells are a closely guarded secret. They even used communications equipment similar to what the military’s cypher equipment used back then to transmit the well data to the home office.
@@error-mc5xw having an unlisted pH number is NOT THE SAME THING . HAVING A RESEARCH AND DEVELOPMENT DEPT ! IS NOT THE SAME THING. P.s. KENNEDY WAS A SNAKE TELLING US ABOUT THE SNAKES !
Dexter: You clearly know absolutely nothing about oil geology. You are imagining great big empty caverns once full of oil, but now empty. That is NOT where oil is naturally located, but rather in porous rock formations of sandstone, limestone and other similar sedimentary rocks. What is left behind when it become uneconomic to extract oil from a field is rather like a solid sponge which has been relieved of perhaps a half or two thirds of what once saturated it. There are no "voids"
People have always laughed at me for this but the voids and lack of lubricants below surface concerns me more than the burning part. Spillage is also pretty awful.
i'm not an expert, but I would bet that increased temperatures caused by the release of carbon through burning of carbon based fuels has led to more collapse/depression of land as soils dry out. Not to mention the potential consequences of rising sea levels due to loss of ice. Bringing higher tides and more erosion.
MY NEICE USED TO WORK FOR AN OIL COMPANY SHE TOLD ME THE OIL COMPANYS ARE LIEING TO US NO/1 OIL DOSE NOT COME FROM THE VEGATASHION LAYER LIKE THEY TELL YOU NO/2 THE EARTH REMAKES THE OIL THATS TAKEN AS ITS THERE TO KEEP THE EARTH COOL IT WILL NEVER RUN OUT ITS JUST ANOTHER BULLSHIT LIE ITS RUNNING OUT THEY JUST TELL YOU IT IS SO THEY CAN CHARGE MORE FOR IT.
So is the production of silicon for making panels. I worked in a silicon metal plant and they are very, very dirty not to mention the plastic and steel, mining and etc to make clean energy. The production of the elements to make clean energy outweigh the dirty production of these things. No one thinks about these things.
@@axwapples I have lived on the Florida gulf coast and fished here on inland waters open to the sea and I have not seen not 1 mm of sea rise on our seawall after taking in account tides and wind. Maybe we should move the billionaires away from the water views and adapt if there is any measurable sea rise. Why destroy our infrastructure for people living on the beaches like Gates, Biden, Obama etc. We are trying to save these people's homes by changing climate which always changes. It would be far easier to move the rich from the seashores.
Peak oil vs peak demand, its a race to the bottom, interestingly oil reserves are deposits currently in production, there are places in the world with oil deposits greater than Saudi Arabia and Venezuela combined that have not as yet been touched due to technical issues or simply left alone as a strategic reserve and so are not part of the world's pool of known reserves. Alberta has such a strategic reserve of 600 billion+ barrels that have sat untouched since its discovery in 1985 and we're not talking about Oil Sands deposits.
@@nukkaza4863 These are the Alberta oil areas whose fields together contain a volume of oil equivalent to 1.5 - 1.7 trillion barrels. Of this total, only 170 billion barrels are viable with today's technology for extraction in terms of economic gain for investors, ie this still leaves out 1.33 trillion barrels of oil contained in the tar sands. We can also mention that the US has an estimated 4 trillion barrels of oil contained in shale formations spread across the continental part of the country but only a small fraction of these 4 trillion barrels is viable for extraction in economic terms. There is a lot of oil in the subsoil of the Arctic Ocean that has not even been touched and that can reach a total reserve equivalent to 800 billion barrels. The US Geological Survey itself indicated in 2001 that the Greenland Sea alone may contain something around 100 billion barrels of oil.
Yah I know about the tar sands but the guys said Alberta has a reserve that he not talking about the tar sands, so what oil reserve that aren’t sands is he referring too
Do some research on Abiotic Oil. If they have us thinking it will run out, they can constantly manipulate the price rob us blind. It reminds me of the diamond industry. Make us think diamonds are rare, when they are not, and they can adjust the price accordingly
Based on existing oil deposits at THAT time. We have since discovered new ones, but they're getting more expensive to find and access, and alarmingly smaller. Remember also, we cannot tap "every little drop of oil" in the deposits and rely on the pressure to push the oil through to the surface. Once that geologic pressure is expended, it's done.
Organic material makes up the bottom of the sea. During subduction, this organic material is brought down into the mantle and recycled, welling up ahead of deep fractures and seeping into reservoirs nearby. Perfectly reasonable theory that's not abiotic in content, though the mode of action appears to be heat, rather than microorganisms.
@@g0tsp33d No not from coal, from a number of inorganic minerals under tremendous heat and pressure, i think iron was part of the formula but its been a long while
@@happeninggood1458 No the UK is running short on ENERGY, thats a direct result of the vast amounts of money wasted on wind and solar. If it had been invested in nuclear power the UK would have NO energy problems.
This production is 11 year old and things on the global oil market have changed. Especially with the US now the predominant oil producer in the World. Also, there is the concept of abiotic oil which is produced from the methane gas generated deep in the Earth's core from the molten rock and lava, then due to the high heat and pressures it becomes crude oil. Some say it's a theory, but the Russians discovered oil fields they thought had gone completely dry top up again after several decades and the pressures were high than when previously extracked.
Yep; lots of oil fields 'refill' in as little as decades. The 'mainstream narrative' is that all the estimates were off and they are just extracting more oil than was initially estimated, but this does not account for the fact that dry wells have become not dry wells. And abiotic oil generation isn't even that crazy of a concept; people like to point out that 'bacteria' and signs of life exist in the oil, thus it cannot be abiotic and only could come from life; well, we know bacteria and life can survive in extremely insane conditions we previously thought not possible, so why couldn't life exist down there, in bacteria pockets? Of course, whatever we currently 'know' is declared to be the extremum of knowledge, the absolute of which the mainstream judges, thus declaring anything outside this as 'obviously wrong,' yet time and time again this mindset is proven wrong via the current extremum of knowledge merely being the greatest area of ignorance and not the de factor certainty of absolute as they claim.
All this activity, i am wondering if the side affects are being considered as well. The side effect i am particully wondering is allready happeding in texas, I am reffering to soil subsidence. or sinking soil witch will eventully lead to forming sink holes over an large area.
There is no shortage of fossil fuels other than where they are used. Geologic processes create oil on a continual basis. There are so many untapped reserves some of which still generate oil even after heavy pumping.
Your sense of scale needs to be recalibrated. Geologic processes takes place on a geologic timescale. In just about 100 years, we have already used up about half of the oil we can access. This oil was accumulated over the past 4,000,000,000 years !
@@danielch6662 Understood but there are plenty of processes that are still ongoing that started back then that have still not been tapped. Similar to gold and silver mining. The known hot spots have been hit hard but the real estate is miniscule in terms of the Earth's surface above and below water.
@@Jake-rs9nq Untrue. There are large untapped reserves. So when Biden sends 1 million barrels to auction overseas per day your town consumes more? I doubt it. If you actually used your time checking facts instead of using your feelings the amount of oil pumped in the USA per day is 11, 600,000 barrels per day. Again hardly believe your small town consumes that much. And that is just the USA. Why do you think Russia and Ukraine are at war? They want the massive oil reserves under southern Ukraine.
@@hansmroch3214 Is English even your first language? I said the EARTH produces less oil per year than my town uses in a day. I'm talking about natural generation, not American production.
Right..? Whatever we do though -- we better not use that stuff with a MILLION TIMES the energy density which doesn't require you to extract the waste from the atmosphere (aka nuclear) bc, then you'd HAVE THE WASTE. (See? Smart, eh?) ...
"recycle the plastics back to usable fuel." This is the kind of intelligent thinking you get when you raise people on a steady diet of Scientism and TED Talks. We can do anything with anything, with magic technology and believing harder!
@@samuelanketell8190 "Absolutely right there's millions of barrels of oil in plastic waiting to be recovered" Truly we live in the age of anti-science.
This documentary is seriously outdated technically regarding oil reserve exploration and abiotic oil, which is discussed. Today, ten years is a long time technically in any industry. Still, a good overview of the oil industry issues.
Your talking fosil mineral oil. What about vegatable oil. This is compatible with diesel and needs no processing. Guess you will have to dump the petrol car. Can be produced as long as the sun shines.
"abiotic oil" Yes, and you know, my pantry isn't running out of food. When I close the door little elves come out and turn mushrooms into food! The agriculture industry is seriously outdated.
this was originally released in 2011. You can make money by licensing old tv shows slapping ads on it and posting it on youtube, your a product here, youre the oil, if you will.
@Valerie Chastain it's the same big oil big power republic democratic USA , CHINA or C I A. .you don't stand any chance at all . untill you understand this is our reality. There is no one at the top coming to save us no one !!!!
Yeah, I suspect that the gas companies are just banking on multiple things, two for example: end of easy oil and a switch to electrical cars - despite the fact that they use a lot of plastics, they are long term products not consumables like oil.
1 to 8 billion population since oil discovery. Interesting to see what happens when theres no more plastics, trucks farm equipment etc. Guessing itll go back to a billion 🎉
The same problems will occur for cobalt and other precious metals to make batters for electric vehicles, and the planet's surface environmental impact is not taken into account from these mines, usually open cast types.
@@TelmoMonteiro Oil can be recycled as well... Not all oil is burnt. Besides which, oil is used in hundreds if not thousands of applications other than energy.
@@JCrook1028 dude - oil, like crude oil, petrol. Once burnt, it's gone. It's not that hard to understand. There are of course many other applications, but you're mixing potatoes with corn. Nothing related. We're talking about energy needs here, not lub etc. You're not understanding or you're trying very hard not to...
The sheeple are the ones who want to continue the oil industry. With oil based fuel we have to be dependent on those who own the oil and pay what they ask so they make their large profits from us. Better option is to find alternatives which allow us to produce our own fuel with no profits going to someone else. Sheeple love to give their power away while others prefer to be empowered.
Thomas Robert Malthus has tried to explain. In the USA 🇺🇸 so much energy from oil & natural gas has used for, herbicides, insecticides & fertilizer to grow wheat, before wheat is harvested, more energy has already been put INTO the wheat than is IN the wheat. When oil & natural gas are gone. The agricultural con-job/(revolution?)will collapse.
As a petroleum engineer we should change the way we drill and come up with alternative way of drilling which is easier and can cut drill time, the better way the more oil will be generated. One more we also need to change exploration.
That kind of thing is easier said then done, oil companies #1 concern is to get the oil as easily (and therefore cheaply) as possible. If they could do it they would.
You can make synthetic oil, but it's a very dirty process and clean up costs are high. South Africa nearly killed themselves trying to keep their synthetic oil plant running when the apartheid embargo was on.
Common sense says "do not overconsume in a mere couple of centuries, what it took nature MILLIONS of years to produce". I do not think mankind is gonna stop petroleum overconsumption, ergo I do not think the masses are gonna survive what they have coming for them. Maybe the species will somehow survive it, yet I predict a particularly dark future for the contemporary everyday man, in the decades to come. Everything that we know of today, will most probably crumble down like a house of cards and it's quite saddening...
The world is already turning to fascism as a way to strong arm our way out of the growing crises worldwide... speeding the arrival of that dystopian future.
Why is the oil in the ground in the first place, is it too cool the earths core, also they have been extracting it for so many years it amazes me how it hasn’t run out yet.
Most countries do that already by putting heavy taxes on solar cells and windmills and requiring you to sell your exes power back to the main grid at a laughable price so they can resell it for a large profit. Governments don´t want anything green unless its cash.
it, the sun, didn't shine on texas in the deep freeze in february of 2020, where some solar panels were needed to supply electricity for heating. oklahoma used our coal generators to make electricity, thanks to our Republican Governer Kevin Stitt...coal saved our _____....
They do charge us. It’s called solar panels, batteries for solar panels etc, and then in some countries there’s tax on what your solar panels produce. 🥸
There is a finite amount of fossil hydrocarbons below the ground. There have been numerous serious predictions about when this supply will run out, but they've all turned out to be incorrect, making it difficult for many to accept that this resource will run out at all.
Now this would make sense why my mother said we would not be able to drive our cars out of our driveway is because the gasoline would be too expensive. The reason I say that is because she was never wrong about any of her statements at her and X speeches
The US, Europe, and world have passed peak conventional oil production. The only reason there's still fuel for your car is that alternative methods have been developed to find deeper oil, stuck in the cracks of rock formations, as well as deep undersea oil. Eventually, the height of technological advancement will be reached, and oil will be exhausted. I expect oil prices to rise drastically in the next two decades, with oil being a rare fuel for cars by the end of the century.
@@Jake-rs9nq That is a complete lie. We are not even close to peak in the US. Where did you get that garbage, certainly not from the American Petroleum Institute. Stop with your garbage.
@@flvflvflv-x4p Fake News. Check with the American Petroleum Institute API and they will disagree with that. I don't believe any credible source from BP said that. I believe we have 200 years plus.
@@richardallison8745 I have not found any data from API regarding that. From EIA US Energy Information Admnistration I have found that proven reserves of crude oil is 38 billion barrels. Without imports, that gives around 6 years of oil. I believe the US will import more in a near future.
I found the parts about the reservoirs slowly refilling themselves interesting, but I'm guessing not every reservoir does so or if it does it takes forever in human time scale to refill. Earth is awash in hydrocarbons. It's too bad the methane hydrates along the world's continental shelves are not economic to mine. I always understood 'peak oil' to mean it would be harder to get what is needed, so the price has to go up just because of the economics involved. I read Matt Simmons book, Twilight in the Desert, so I'm surprised Saudia Arabia is producing as much as it does these days.
No one is quite sure how much oil Saudi Arabia has. They're clearly scared of running out at this point, but who knows how much is left? They hide their production costs.
@@genli5603 I can tell you right now it costs $10 a barrel to pull it out of the ground over there, it is the lowest production cost in the world, that is why they increased production to drive the price down to make it unprofitable for Frackers to compete. Saudis were losing market share to shale producers with higher production costs who were willing to live with slimmer profit margins.
It's the same process as a water well. If you pump it "dry", as long as the hole is still below the water table, it will slowly refill. But unlike water, oil doesn't rain from the sky here on Earth, so once you suck all the air out of the balloon, you're done.
Still doesn't answer the biggest question. How much of it is left? This is especially in consideration of the fact that they pump in water to push the oil out.
Canada has one of the largest untouched oil reserves in the world, among other resources, Canada could literally survive for centuries off our own resources.
That oil isn't normal oil,that oil is tar oil which needs to be mined and not drilled for.That oil needs to be mixed with fresh water to send it down the pipes.It's extremely toxic.
@@sutionojoyodiningrat3610 It will not "run out" magically at one moment. It will be scarcer, and the systems dependent on it will begin to crumble. It's already happening.
The "Baaken Formation", eastern Montana western Dakotas, and up into Saskatchawan is three layers. The uppermost layer, which is currently under development, is estimated to contain enough oil for 200 years at present levels of consumption in U.S. That's not counting Alaska north slope oil, Gulf of Mexico oil, Wyoming , Utah., California oil, or Pennsylvania oil.. I'm thinking the big oil Companies are in the oil shortage business, as well as the supply business.
Time stamp 22:53. As the narrator says "even smallest mistakes could lead to catastrophe." Check the cable tied off in the left of the camera shot. Nice! That will hold a lot. Na, those sharp edges of that bracket won't cut the cable if put under stress. WOW!
There is nothing wrong with XP, especially on older machines. I wish I could run a version of it on Raspberry pi. Win 10 is an endless war, there is no getting back the time I have wasted dealing with it at work.
there aRE other vids with people that say they worked for oil drilling and mining companies and some say Canada and other spots are have massive amounts of oil
Just watched a documentary on 6300 ww2 sunken ships containing 27 million tons of oil. Just waiting for some innovative guy who can figure out how to pump them out cost effectively
This is true, but I think the cost of extracting that oil will outweigh its value most likely. The sad thing is, those ships will rust through eventually and cause massive oil spills :/
The Arizona has been leaking oil since Dec 1941 in Pearl Harbor and its only a few feet below the surface.Its a battleship too, not a sunk oil carrying merchant ship.
26:40 Until the explosion, the "Deep Water Horizon" had an excellent safety record... Reminds me of the "Fat Man" and "Little Boy" which both also had an excellent safety record.
It was not an explosion, in the combustion sense, but a release of internal pressure, nothing remotetly predictable, that far below the surface of the gulf waters already under pressure, no diver can survive. Engineers must always endure punishing criticism when things go wrong, in contrast to politicians in charge saved by 'self legislated immunity'. Too bad some inside trading ones like pelosi weren't sitting on a saddle on top of fat man, best engineering feat of implosion synchronization.
The Horizon was fine until a Navy Sub snooping around bumped into the Wellhead and caused the spill. Then blame it on another oil company. Oil is still washing up on the shore's year later.
@@Encephalitisify I didn't do it ! The Same Bastards that say we must go electric Did ! AND ARE STILL... . DOING IT ! BUT IF WE ARE DEAD THEY WILL STOP !! YOU BELIEVE A MURDERER CARES ABOUT YOU !
What's the solution then, apart of the screaming and nagging about the damage to the poor marine creatures? What is the proposed technological alternative to the sound wave? Some people ( mainly from the Golden Billion generation in the West) are disgusting hypocrites. They are living in the ultra modern megacities and towns, equipped up to the neck with energy guzzling high end gadgets, vehicles, ships and trains or whatever...with their AC houses with heated floors and TV screens, washing machines, fridges etc...They are using ultra modern airplanes, sometimes weekly or monthly, delivering their pampered asses globally, alongside the above-mentioned goods, incl.some food items directly from the field and sea floor etc...and these oil addicts preach the governments and the international corporations to halt furthermore explorations of the same substance they are hooked up to? Bloody hypocrites.
We have been listening about the end of oil since the 60's, this is from 2010 now 2021 still no end in sight. Its getting to the stage they'll be more oil in the sea than under the ground, maybe they will eventually be able to use that.
Oil prices have quadrupled in real terms since the 60s. That's the real problem. Oil won't run out any time soon, but it will get expensive enough that renewable energy sources become economical.
recently the price of oil fell so low that production almost stopped ... if it is true that reserves can dwindle, it will not be in the immediate future.
@@stevenbryant4718 Went up because of Belarus also blockages due to pandemic the same as food prices. Oil prices are set by many things like above ground oil on the quarter, politics and subsidies. Oil production obviously never stops but it will run out in this century and instead we need to grow materials instead of taking them from oil which will be impossible because by 2035 we will be 2oC above preindustrial average temps and so most farmland will be dustbowls and forests will have burned down leading to desertification.
Electricity will replace most of our oil consumption, but where, and what we derive that electricity from is the question. The only reasonable solution I see at present is good old nuclear power. They have made strides in this type of power, and it is now practically failsafe, but we need to get rid of the existing power plants which are problematic, and can fail more easily. Smaller power plants that supply small areas is another option that provides a safer alternative in case of failure, which is highly unlikely with the newer technology. With the failsafe's of these newly designed nuclear plants; if one does fail, there would be marginal consequences compared to our current plants, and virtually no consequences if it were one of the smaller plants designed to power communities, and not an entire county, or counties.
@Adam M Electricity is cheap, fairly clean, and easy to produce where hydrogen is anything but! Therein lay the problem. Ultimately, yes, hydrogen will be the fuel of the future, and they are working on ways to make it more accessible, like a rooftop hydrogen generator the size of a solar panel. A lot of tech going on, but it will be many years before it's a viable solution that can compete with electricity. Look at some vlogs here on RUclips that compare the two sources, I watched three vlogs before responding to your comment as I used to think as you do, but I was wrong, at least for now!😁👍✌
Growing biofuels can be far better for the environment as the plants or fats used don't require digging massive holes to have a chance to find oil. Plants absorb CO2 to offset some of the impact.
Processes will probably replenish some of the oil fields over the next couple of millions years. Anyone check the old gushers in Oklahoma and Pennsylvania to see if they have filled up again? If not, check again in a few millions years.
@@onewordhereonewordthere6975 The whales are called such because they were hunted for their spermaceti - an oily substance found in the whale's head. There's a very large organ in there full of the stuff - it acts as buoyancy control and as a giant acoustic lens for their echo-detection ability. It's also very flammable, and so was much prized as a fuel.
Exactly! Oil is abundant, just find the sweet spot. But as we knew it long ago that oil is not forever, it's time for us humans to think environmentally. The more oil burns, the more CO2 will be releasing in the air and one day, we will wear GAS MASK or much worst is the respirator with oxygen.
@@bahagharidon1940 And yet you'll never understand why having more Co2 in the air is a GOOD thing. More Co2 gives us more plants which feed us. Large groups of humans need more vegetation, not less.
@@kennethnordby7128 Yeah right, hahahah. They're filling up. What with, coz it aint oil. Are they like the infinite coffee cup in a cafe? Why do oil companies look for new fields if the old ones never empty!!!! Why is it that there are various algorithms (with various assumptions) to determine the point at which current accessible reserves will run out? Why do we need renewables if the oil wells never run dry? Ever considered how many millions of years it takes to make oil? We have used up a considerable amount in just 100 years. Do the math. You are very very wrong Mr Nordby.
@@csjrogerson2377 We do not need renewables at all.. Its called renewables, but the costly equipment are not renewable. Windmills that take an eternity to be processed by nature when they are left behind.. However.. soon you will pull energy out of thin air.. but.. no.. my apology.. not you.. your owners and you will crave it. Your very existence will depend on it. Say hallelujah..?
Yes there is 300years of coal in the ground, but largest part is not economicaly viable to extract and if somehow we could burn this coal the earth would be fried.
Using semis for freight was insane, trains are much more fuel-efficient, semis and their trailers also use lots of oil for tires. Also insane was development of shopping malls that replaced local (walking distance) stores, same goes for public schools and all things associated with all that "distribution". But even more insane is UPS and FedEx delivering small packages to fat/lazy suburbanites that can't plan long enough ahead to "go shopping" once a week. BTW: 80 million barrels would be over 320 million gallons, which is (about) 1 gallon per day per person - I use about 5 gallons per day (100 mile round trip to work) - would not bother me to use "light-rail"
That is a lot , yes , but if you envision a BARREL being the standard 55 gallon drums that you see everywhere everyday , that's not quite accurate , oil is traded & bought by the Barrel , but that Barrel is only 42.35 Gallons !!
I was wondering about that just a few minutes in. It seems outdated. It is quite evident now that oil already peaked, and that after Covid the demand also peaked.
@@Kamamura2 That is actually good because we still need oil for nearly everything, from plastics to medicine to fertilizers, and everything in between. So we will never get rid of oil completely.
@@miltonmiller We have become dependent on it....we dont need it as much as we think we do Fertilizer existed well before we used crude oil.... Most crude oil fuels our materialistic wants. We can reuse plastics and other materials derived from crude oil so if we ran out it wouldnt be so bad, it's the fuel sector that uses oil wrongly . Combustion of gasoline is irreversible, unlike making a plastic spoon.
@@JSM-bb80u I was eleven years old at the time, so how do you expect me to remember where I read that we would run out of oil in the next fifty years starting the countdown from 1983?
What happening with all the oil being pumped out? Hydraulic pressure is a powerful thing. I wonder if we're going to be looking at earthquake increase??
I agree that we need to find an alternative to oil. EV vehicles cannot be the answer overnight as the powers to be think as the power grid is already overloaded.
even EV vehicles need oil to lubricate moving mechanical parts!!!! so.... go figure... and manufacturing machines, like presses, and robotic welding machines, etc need oil to lubricate, pressurize systems, and clean.... so.....
@serdarcam99 No that is misinformation. It takes between 6 and 18 months to offset the carbon inputs of their manufacture. This is because EVs are more efficient than gasoline-powered vehicles and they produce zero emissions while driving. For example, a study by the Union of Concerned Scientists found that the average EV in the United States offsets its carbon footprint after about 18 months of driving. The study also found that EVs produce significantly less greenhouse gas emissions over their lifetime than gasoline-powered vehicles.
@@rickgreen5040No that is misleading. EVs require a tiny amount of lubricant in their lifetime, which cannot compare with even a single oil change for an ICE vehicle.
@@keepitreal2902 what makes the electricity that you use to recharge you EVs? Power plants, being coal fired, gas fired or worst of all nuclear fired. How much of a catnon footprint do they put out? The exception is the nuclear power plant. It is the dirtiest of all. How do we dispose of the fuel it requires. How do we store it? How do we clean up the mess after 3 to 400 years when it starts leaking. Your family will have to make the sacrifice of thier lives to clean it up. Then what do we do with the leakage that they clean up? It is a never ending cycle of nuclear waste cleanup
I'm literally on a drilling rig as I post this, we're drilling right through the oil zone and drilling for natural gas at the moment. There's so much oil
@@eastcorkcheeses6448 before there was none now there is a lot but it cost more to extract. Every time that something comes along that proves the politicians and environmentalists follow up with yes but . Try to say we have been trying to change reality with little white lies. Because mother Earth needs us to . It's getting old . stop the fracking.! like it's the nuclear power plants of the seventies. And today . You can live on top of any oil field in North Dakota .but you cant go near Chernobyl much less Fukushima. When a child knows the answer is not going to go his or her way , as a last-ditch chance to persuade their parents mind is to throw a temper tantrum. Please be above that.
This program is the technical equivalent of polite conversation. Calmingly filled with mostly meaningless facts and definite statements empty of conclusions or meaning. Why "pose" a question when the intent is to never stir the listener a conclusion. As the program would say, " Some think that titles of programs are there to attract those interested in fashionable topics, open the audience to more content that does not inform, only gives a flavor to a topic to increase the appetite for similar blandly spiced content. Others say..."
And you still drive your car, use public transport, use cosmetics, take medicine, use electrical goods, wear man made fibers.........you get the point.
@@leemacdonald6533 I’ll have you know I live in a province that has 100% renewable energy production and our entire transport system is electric and hybrids! Day to day I use fully electric transportation off a fully renewable grid
Don’t be so negative! Those two get paid for doom and despondency! Nothing new! Common sense tells you the whole universe will eventually be one giant ASH TRAY. WHAT DID HITLAR DO TO KEEP HIS WAR MACHINE GOING WHEN OTHER NATIONS FROZE.? They didn’t sit on their butts. HEARD OF DUCKUMS OIL? He produced his own synthetic oil? I hate these losers! Find some positive morons to upset us??
Great film! The question is whether we should extract all that oil. Hope, that it will become too hard to extract that renewable energy (decentralized) will win.
Whether or not the Earth is running out of oil is not a geological problem, but an economical one. Oil is running out at particular prices where oil companies no longer make profit. If people are willing to pay higher prices, such as $500/barrel, you will find oil through new technological exploration methods. This is reason that past predications of running out of oil have not been realized.
More lies... Stop it!!! We are not near peak productivity. We are NOT past the peak of producing oil out of the ground. You need to check with American Petroleum Institute= API. Stop with the Biden garbage and lies.
govts and politicains r the biggest liers in the world. US govt is by far the worst and most corrupt. China and Russia r the least corrupt and a bit more honest. Look at the govt version of 9/11 none of it makes sense and has been proved to be all fake and not possible. like the phones calls impossible back then as mobile phone siganls could not go above 10k feet but govt says the calls were made at 30k feet. so they changed it to using air phone. airlines involved said nope sorry none of r planes had air phones fitted. so where where the calls made from? 1 engine was found claimed to belong to 1 of the planes that hit the WTC. mm airline and boing both confirmed nope that engine was not the same model fitted to those planes. normaly they used BOING engines but both the airlines involved use Prat and Whitney instead. pentagon 130 foot plane all went through a 13 foot hole leaving no debris outside. CCTV footage released had the wrong time stamp on it the 1 they claim showed a plane hitting it was recorded 1 day later on the time stamp and didnt actualy show a plane anyway. Bush saying they never even thought a plane would be used like that and never had any plans for it. right so why was just about every US plane up in the air on 9/11 on an excrises just for that type of attack? he probaly didnt get the memo on operation Northwood the CIA plan to hijack planes and crash them into cities in Florida and plant evidence it was Cuba to justify a war against them in 1962. JFK refused to let it happen and was going to shut down the CIA. he got killed before he could do it. Sandy hook. school inspector said nope didnt happen as that school had been closed down 5 years before and was waiting to be demolished but had to get the asbestos out 1st. It was a FEMA training excercise nothing more. look closly at the kids being walked out. same kids over and over just put in diff postions in the line. They came out the front door went round and in the back door and came out again pretending to be another lot being bought out. 1 of the greiving fathers was caught on folm as a SWAT memebr who didnt know how to carry a rifle. he was carrying it upside down by the magazine and the shoulder strap draging along the ground. he also played the role of a grieving father who lost his son in a school shooting in a film a few years earlier. 1 guy on 9/11 intervied saying it was Bin laden within mins of the 1st plane hitting when most thought it was just an accident. he was on 10 diff news networks at extacty the same time in dif parts of new york wearing dif clothes and diff name. he was also at Boston and LAX when they got bombed saying who it was. he was CIA. BBC news 24 started to report the story in the UK photo on the wall behind the anchor of a plane hiting the WTC. then he said oops sorry ignore that it hasnt happened yet. None of the other networks started to report it till 1 hr later cause the BBC started telling the story 1 hr to soon. another BBC reporter was reporting that they had just heard tower 7 has just collapsped but right behind her on camera tower 7 was still standing and didnt come down till 20 mins later. the media was being fed the stories and BBC was trying to blow the whistle it was all faked and it was a demolsion job and an insurance scam. Even the 1st responders were saying no planes it was a demolition job. the planes were CGI and could only be seen in the News reports nowhere else. ppl at the scene did not see any planes except the CIA plants. 9/11 was a joint CIA MOSSAD black op and thousand were killed. pp, r still dying now cause of all the asebstos put in to the air. all coverd up by the US govt.
We are running out of honest people with common sense and compassion.
What the hell does that mean really.
@@michaelbee8263 Think ... 🤗
absolutely agree
@@javiergutierrez0419 I have no idea. The problem with common sense is that it means something different for everyone
That was deep bro
I heard this all my life from the age of eight now I’m 85 still hearing the same again and again
Look at the facts. Oil discoveries peaked in the 1960s. New oil field discoveries are smaller and smaller. Why would companies spend billions to find new extraction methods unless all the cheap easy oil was already depleted? Open your eyes.
When I was a kid, they were pushing a theory called global cooling. Leonard Nimoy did a big long documentary on it.
maybe not our life time but there is only so much and that supply will run out than we can't put oil pipe in space to tap into some other planet
It will stop, guaranteed.
According to my teachers at school, we should have run out of oil 25 years ago.
almost 50 years ago during the oil crisis we were told there was only ten years of oil left
eco schizophrenics tend to recycle the same bs every few decades. There were electric cars a few decades ago too and then the fad died down cause it's a dead end technology.
The world will be running on oil for the next 50+ years with no issues, same thing with Coal, who's use only increases every year.
well no worries our planet will be boiled alive by the time we run out of oil, so yay i guess
man, if only these goofy scientists would realize oil is infinite, what chumps.
@@xythx yea id agree on that. but you might need to give the world a rest for a few thousand years if we are sucking more than the big ball is making. but who knows as it's just one lie after another
@@jonneilsmyth9107 I was being 100% sarcastic.
To deny the turmoil ahead is fucking dumb.
Most estimates say there will be available petroleum for over 300 years, but will become more difficult to process.
Oil is forever, like a diamond, or cattails (not cartel)
cite your source
"most" lol...definitely cite any one of them 🤣🤣🤣🤣
@@bobb.6393 Oil isn't forever,based on politics.We can't get oil from Russia,and we can't rely on foreign oil incase we don't get a long and they choose to quit selling it to the U.S.
@TheSnoeedog trust me bro 💀
I had to listen to that twice "compressed air guns are used to scan the sea bed and and produce the loudest human made sound...the fact that whales and dolphins are affected is accepted"...and we wonder why they beach themselves bleeding out of every orifice.
Sucks to suck...
@@clinteastwood8242 Hey Clint !...i have a Clint Eastwood joke.....where i live they named a street Clint Eastwood st...but they had to rename it as no one crosses Eastwood and lives ! 😉
I work in the oil game and I can tell you that you wouldn't believe the lengths we go to to ensure there are no mammals in the area before we use the
'Not the worlds loudest sounds produced" air guns!!
@@MultiLeggy Did you notice i used quotation marks ?...that means i was repeating something...verbatim...that was said in this documentary. Here is the time stamp to make it easier for you....19:34...you only have to listen for 30 seconds or so...it's all there oil game person.
@@dazuk1969 Oh I saw the quotes Darren. I would like to see the credible evidence that shows compressed air guns are the cause of "why they beach themselves bleeding out of every orifice". It's in quotes - because its from you. I'll tell you why its not the case. Firstly - it's nowhere near the loudest sound ever produced; secondly - If it was loud enough to make them bleed out of every orifice (or even just one) they would never make it to the beach. Thirdly - there are boats that scan the area prior to using guns and yes the operation gets halted if so. I'm not suggesting that every operator complies but this documentary is so full of holes & bias it's unreal. I prefer truth so people can come to their own correct conclusions. Your sincerely, - "oil game person".
I've spent the 7 years in Iraq. They believe that there is enough oil below ground to keep the engines of the world running for 100 years. True or not is not the point. The point is that they are now openly discussing how useless this will be once sustainable methods of power become cheaper and more reliable. They know that the clock is ticking and that they better use their black gold resources well now or they will be in trouble. Countries such as Saudi and UAE understand this intimately and are planning accordingly.
Oil will never be replaced by anything better. This is the main issue, it can not be replaced by anything.
@@S3l3ct1ve EVs depend upon oil for plastics. The fiberglass blades of wind generators depend upon oil. The roads are paved with asphalt - a byproduct of oil refining. Oil is a necessary commodity for a technological society. Fertilizer is created from natural gas, agricultural equipment depends upon diesel.
@@S3l3ct1ve Said the whalers, the buggy whip makers, the candlestick makers, etc, etc.
@@SK-dp3nz *cough* I agree
@@ransbarger Look around you in the room where you sit. Every item has one or another source of materials made from oil or using oil. Even your food is made using oil, be it harvesting, transportation, keeping it cool etc...
This is ridiculous! Two years ago we had to cap 4000 wells to keep the price from collapsing and we didn’t have any place to put!
In Louisiana they were pumping it back into the ground to get rid of it.
Yeah there is plenty of oil it's just heavy crude which is harder to refine
can evs replace oil companies
@@samiurrahman2255 no but hydrogen can.
@@Takemehome99 Not in practice. You simply cannot store enough of it in a practical sized tank. Plus, it is notorious for leaking. Just look at NASA's SLS launch.
@@flechette3782 there’s already hydrogen pumps/cars available. There’s not enough lithium or electricity to support electric cars. Hydrogen cars will be the future. Electric cars are a waste of time
@@Takemehome99 And those hydrogen cars can't go very far because hydrogen is not very dense. You can't carry enough of it with you.
It just isn't practical. On top of that, hydrogen is VERY flammable. Much more so than gasoline.
The days of abundance for light sweet crude are pretty much gone. More of the oil being pumped nowadays is heavy and sour, so it takes a lot more energy to turn it into gasoline and diesel.
This is true. But we still have more light sweet crude than we have ever thought possible. We have chosen not to use it because of political reasons. The Guf of Mexico is so stuffed with oil it's leaking out of the sea floor. It's just oozing up threw cracks in the earth.
All the gasoline in the US comes from heavy crude, because all our refineries are heavy crude. We export all the light crude. We are producing more light crude today than at any time in history. Please get your facts straight. Furthermore, underneath the Colorado rockies is more shale than anywhere on earth.
Tell that to Guyana, second largest discovery of light sweet. Comes online in 2027.
@@hoots187That's not that much.
Not as much energy as it takes to mine the raw materials for battery cars not to mention the whole new infrastructure that needs to be built to support all those battery vehicles!!!
Need a story called:
Does Social media put false conclusions and expectations in people's head?
Answer: yes
The function of social media is to put everyone on the same page - a cult of group-think, if you will. If you dare say anything that isn't sanctioned by the group-think, you are "unfriended".
Their is federal law that says media can lie if it is in the interest of national security! Crazy fly by night pass laws like this threw at midnight when everybody is sleeping.
@@jefferyholcombe5189 cite that law along with correct spelling
@@jefferyholcombe5189 No such law in the USA, the freedom of the speech would take priority anyway. Can you lie? Sure, the world is full of lies which is why each of us needs to do research on our own.
oh oil isnt going to run out is it it appear like magic forever
When I was a lad at high school in 1963, we talked gravely amongst ourselves believing that world reserves would run dry 50 years hence, making 2013 the 'run dry' date. And that was calculated on consumption at a rather gentle increase over that projected 50 years.
Same here but they were talking about running out of coal in 100 years. Oil was never mentioned as though it was unlimited.
I hope you are finally getting it. The rulers of this world are lying to us. Oil is a hydro carbon and therefore a naturally occurring chemical composite within the earth crust. Crude oil is permanently self replenishing under high pressure and temperatures.
@@okonopel EXACTLY....finally someone with some common sense.
@@okonopel The Earth doesn’t replenish it’s natural oil supplies at the same rate we consume it. It literally takes 100’s millions years to form. That’s the problem...
@@okonopel You literally have zero evidence to back this up. It takes millions of years to replenish oil reserves. Typical oil shill wanting a quick buck at the expense of future generations.
These predictions also didn’t take into account that oil probing tech improve at a steady rate.
Recently Trinidad and Tobago had experienced earthquakes where its epicenter were offshore. They are apparently drilling deeper for hydrocarbons. Maybe earthquakes could be liberating deeper oil to migrate up. Maybe.
This documentary is a lot more unsettling when you realize it came out about a year before fracking pushed peak oil forward by years, possibly decades.
We already peaked.
@@user-zp6ff2gr4n hahahaha
@@user-zp6ff2gr4n Only by more expensive extractive methods of fracking. All the easy cheap oil has gone.
Oil is also used for the creation of plastics of various kinds, besides being an effective fuel. Widely distributing bacteria that can break down plastic waste is increasingly important.
Also the world produces more oil ... its not old dinosaurs
Also important not to dissolve parts of my car or my guttering, thanks.
After 150yrs of using crude oil , it still bubbles to the surface on its own at the tar-pits (around the world) so,,,,,, definitely NOT old dinosaurs (dinosaurs are found surrounded by 4000yr old material) . Just don’t use it faster than the re-fresh rate. Specific Fungus + heat + moisture = crude oil
Or just go back to using glass.
@@arturoeugster7228
Recent efforts of institutional investors may mean their boycotting of carbon intensive oil extraction may soon become a bigger problem than peak reserves.
Not for them. They're going to profit no matter what. They have armies of morons filling their pockets because "they care".
@JJ-xy6vy except a large portion of institutional money is 401ks from the oil field
I started buying solar panels, 26 years ago, and slowly I built up a large solar array. 12 years ago I bought an electric car and it still runs great. My house is off grid and I don’t have a connection to natural gas. I have a solar powered heat pump instead.
I want nothing to do with burning fossil fuels . I do, however, like plastics and Styrofoam and urethane and silicone and all other things oil makes. If we burn it all off than the commodity prices of everything else in this world is going to skyrocket.
@@michaelchownyk5255 what a joke. So fossil fuels didn’t mine the minerals that made your panels? Fossil fuels and RARE earth materials weren’t consumed to make your batteries? Which are already a landfill problem. I applaud you for trying. But, you need to open your eyes.
@markrainford1219 That's not what he said. He uses solar at consumer level and suggests oil be left for industrial use just as you complained about. My question would be what is his low winter temperature?
Damn! Petroleum is SMART! I knows not to come to the surface if Correxit is in the vicinity. Incredible!
Lol I love how he says we need the oil from Iran or Iraq. Yeah we're already on that, guy.
We thought the Caspian was also full of it!
haha! welcome to the world
No we aren't. America got zero oil out of all those wars. America restricts supply to keep the price high.
@@frankytalks I think they were implying more recent events like Iraq invasion by US and US-Iran tense relations. But yes, you are right that the CIA and MI6 launched Operation Ajax to overthrow Mossadegh, however it was at the behest of British Petroleum and not US oil companies.
Likewise, US oil companies got very little out of 2003 Iraqi invasion. Look up who ended up with the contracts - it's not US companies for the most part.
I had to rewind i was like wait this guy is a GANGSTER for saying that. "we need iraq and iran is what they mean". so true.
This is an old doc but it doesn't matter. They have been trotting out this "question" every so often for decades. The first time was in the 70s, if I remember correctly.
@T C Sorry, not buying it. For over 50 years I have watched them claim, time and time again, that they were running out of oil. EVERY. SINGLE. TIME. they magically found more after getting lots of tax write-offs and government handouts. The whole industry is just a big government-handout-sucking, tax evading scam.
@T C It all boils down to not trusting the oil industry in any way whatsoever. If an oil exectutive told me the sky was blue I'd immediately head to the window to check. When I see a report by somebody that says "we are out to stop the oil industry and we've discovered it is already dying" then I'll believe it, maybe. It needs to be dead anyway.
@T C If you equate distrust of the oil industry with flat earth etc, then you have absolutely zero room to be talking about other people's beliefs or intelligence.
@@freedapeeple4049 somebody has been lying and every country in the world believe that lie and jumped on the bandwagon of sustainable development. Not one country newspaper excetera excetera has exposed this lie . No one should be above the law or Justice. No government organization should be above the law either. That should be tried and they should be punished. Fossil fuels what joke . You can look at a barrel all you want to but you won't see Jurassic Park.
@T C I'm not a teacher and I HAVE been in your place but you are trying too hard to educate a loser.
I think a Teaching Nun with love in her heart might agree with me.
One interesting possibility with abiotic oil is the fact that if it is possible than you may be able to pump the resources necessary to get the process going like say oxygen deep underground where you want them to be produced rather than having to search for new sources.
Another interesting possibility is that your wife could suck a large quantity of oil out of my butt.
@@DrDoke hey wait a minute, I was going to say that. Have you patented the idea yet? Not likely, haha those who laugh last really truly do laugh best. 🤪🤣😂🤡
I tell that All These calamities that are going on around the world is going to lead to a Sunday law which will be the MARK of The BEAST, Those that keep God's seventh day sabbath will be persecuted and prohibited from buying and selling, Jesus is coming soon.
@@raheemallen2003 who let you out from mental hospital?
i feel the esame
The tar sands in northern Canada has enough oil to supply the world for the next thousand years. This doesn't include the reserves in Northern Saskatchewan, estimated at another five hundred years. ( These are not being mined as yet.) Saudi Arabia has reserves for three to four hundred years and the USA maybe fifty. Anything other than this is lies. I've worked the oil patch for twenty years in Canada, and know a lot of experts, engineers and geologists, these are the correct numbers.
but they can charge you more money if they tell you its running out. Duh
@@Bewefau yes the oil is there, but it gets increasingly more difficult to get at, and more expensive. If you have 1 part oil for 20 parts sand, to separate out that oil, it might end up costing $500/gallon.
But it aint gonna be cheap
I also work in the oil industry and the company I work for found an oil supply in northern Colorado that can run America for 3 generations. Not to mention what's in Alaska and in the gulf of Mexico. All this is is to make the people afraid and raise taxes. Every time a crisis happens it leads to more taxes. Follow the money and you'll find the truth
The oil on earth will never end. But it will get so hard to extract it that no one will pay for it. That´s why we need to stick with concepts like probable proven reserves.
Before the mass production of cars, there could be found oil puddles-like water- sitting above ground. The story of Jed Clampet missing his target and striking oil was possible.
those millions of dollars got him as well
mr drysdale kept that 10 million
he was investing that and living handsomely
Thank the Rockefellers! 👍
These puddles are still found called tar pits.
Before cars, oil was used for kerosene, to light lamps and cities, that is until electric lights and power generation came into being. Then the internal combustion engine was invented, and a new use for the oil was created, much to Rockefeller's delight. Gasoline is created as a byproduct of refining oil to kerosene, so they didn't really know what to do with it, except burn it off. The very first cars were electric, but that was abandoned to use the ICE powered by gasoline. Side note; The Teamsters were the guys that used mule drawn wagons to transport the oil from well to refinery. It was the only aspect of the business that Rockefeller was unable to buy up and take over.
@@jamespardue3055
Nah, they were using crude for other stuff as well even early in the day. Check out Oil City in Pennsylvania.
There is no way there is transparency. These companies are listing on public offerings so any news so finite supply will affect shares value so there is an inherit conflict of interest from day 1.
I worked in well logging most of the 80s and the well logs on exploration wells are a closely guarded secret. They even used communications equipment similar to what the military’s cypher equipment used back then to transmit the well data to the home office.
@@Chris_at_Home and what did Kennedy say about secret societies .
They aren't to be trusted.
@@onewordhereonewordthere6975 what ??? Keeping business secret a bad thing ??? I dont think you want random people looking at your phone.
@@error-mc5xw having an unlisted pH number is NOT THE SAME THING . HAVING A RESEARCH AND DEVELOPMENT DEPT ! IS NOT THE SAME THING.
P.s. KENNEDY WAS A SNAKE TELLING US ABOUT THE SNAKES !
I've never heard anyone discussing the voids left underground from producing oil. 150M barrels/ day ? Wouldn't this possibly cause earthquakes?
😂
Dexter: You clearly know absolutely nothing about oil geology. You are imagining great big empty caverns once full of oil, but now empty. That is NOT where oil is naturally located, but rather in porous rock formations of sandstone, limestone and other similar sedimentary rocks. What is left behind when it become uneconomic to extract oil from a field is rather like a solid sponge which has been relieved of perhaps a half or two thirds of what once saturated it. There are no "voids"
@@TheLawman001that is now a void filled with water it is a void .
Those voids are the space where all the Arabs get sent to he'll.😅
🤣@@negativeindustrial
People have always laughed at me for this but the voids and lack of lubricants below surface concerns me more than the burning part. Spillage is also pretty awful.
i'm not an expert, but I would bet that increased temperatures caused by the release of carbon through burning of carbon based fuels has led to more collapse/depression of land as soils dry out. Not to mention the potential consequences of rising sea levels due to loss of ice. Bringing higher tides and more erosion.
MY NEICE USED TO WORK FOR AN OIL COMPANY SHE TOLD ME THE OIL COMPANYS ARE LIEING TO US NO/1 OIL DOSE NOT COME FROM THE VEGATASHION LAYER LIKE THEY TELL YOU NO/2 THE EARTH REMAKES THE OIL THATS TAKEN AS ITS THERE TO KEEP THE EARTH COOL IT WILL NEVER RUN OUT ITS JUST ANOTHER BULLSHIT LIE ITS RUNNING OUT THEY JUST TELL YOU IT IS SO THEY CAN CHARGE MORE FOR IT.
So is the production of silicon for making panels. I worked in a silicon metal plant and they are very, very dirty not to mention the plastic and steel, mining and etc to make clean energy. The production of the elements to make clean energy outweigh the dirty production of these things. No one thinks about these things.
@@axwapples I have lived on the Florida gulf coast and fished here on inland waters open to the sea and I have not seen not 1 mm of sea rise on our seawall after taking in account tides and wind. Maybe we should move the billionaires away from the water views and adapt if there is any measurable sea rise. Why destroy our infrastructure for people living on the beaches like Gates, Biden, Obama etc. We are trying to save these people's homes by changing climate which always changes. It would be far easier to move the rich from the seashores.
@@axwapples Not bad as a thought to explore but i think you'll find ground water depletion causes far great land droppage.
Peak oil vs peak demand, its a race to the bottom, interestingly oil reserves are deposits currently in production, there are places in the world with oil deposits greater than Saudi Arabia and Venezuela combined that have not as yet been touched due to technical issues or simply left alone as a strategic reserve and so are not part of the world's pool of known reserves. Alberta has such a strategic reserve of 600 billion+ barrels that have sat untouched since its discovery in 1985 and we're not talking about Oil Sands deposits.
Awesome 🇨🇦
What oil reserve is that ?
Alberta does not have any such reserve.
@@nukkaza4863 These are the Alberta oil areas whose fields together contain a volume of oil equivalent to 1.5 - 1.7 trillion barrels. Of this total, only 170 billion barrels are viable with today's technology for extraction in terms of economic gain for investors, ie this still leaves out 1.33 trillion barrels of oil contained in the tar sands.
We can also mention that the US has an estimated 4 trillion barrels of oil contained in shale formations spread across the continental part of the country but only a small fraction of these 4 trillion barrels is viable for extraction in economic terms.
There is a lot of oil in the subsoil of the Arctic Ocean that has not even been touched and that can reach a total reserve equivalent to 800 billion barrels.
The US Geological Survey itself indicated in 2001 that the Greenland Sea alone may contain something around 100 billion barrels of oil.
Yah I know about the tar sands but the guys said Alberta has a reserve that he not talking about the tar sands, so what oil reserve that aren’t sands is he referring too
Do some research on Abiotic Oil. If they have us thinking it will run out, they can constantly manipulate the price rob us blind. It reminds me of the diamond industry. Make us think diamonds are rare, when they are not, and they can adjust the price accordingly
50 years ago the "News and Scientist " gave us 10 years till we were dry.
Yes, a bit like these religious cults saying armageddon the end of the world is coming and we are still waiting
Yup also said we were going into an ice age 😂
$4.30 a gallon in 2006... it will come again.
Based on existing oil deposits at THAT time. We have since discovered new ones, but they're getting more expensive to find and access, and alarmingly smaller. Remember also, we cannot tap "every little drop of oil" in the deposits and rely on the pressure to push the oil through to the surface. Once that geologic pressure is expended, it's done.
@@CarloAldo All the easy oil is gone. Peak oil has been reached.
Organic material makes up the bottom of the sea. During subduction, this organic material is brought down into the mantle and recycled, welling up ahead of deep fractures and seeping into reservoirs nearby. Perfectly reasonable theory that's not abiotic in content, though the mode of action appears to be heat, rather than microorganisms.
You do know that the Russians have experimentally produced oil in the lab from inorganic minerals.
@@g0tsp33d No not from coal, from a number of inorganic minerals under tremendous heat and pressure, i think iron was part of the formula but its been a long while
UK is running out of fuel now
@@happeninggood1458 No the UK is running short on ENERGY, thats a direct result of the vast amounts of money wasted on wind and solar.
If it had been invested in nuclear power the UK would have NO energy problems.
It’s already been proven that oil is Abiotic. Forbes has an excellent paper on it.
This production is 11 year old and things on the global oil market have changed. Especially with the US now the predominant oil producer in the World. Also, there is the concept of abiotic oil which is produced from the methane gas generated deep in the Earth's core from the molten rock and lava, then due to the high heat and pressures it becomes crude oil. Some say it's a theory, but the Russians discovered oil fields they thought had gone completely dry top up again after several decades and the pressures were high than when previously extracked.
There is no abiotic oil nor is it true that oil fields magically refill.
Yep; lots of oil fields 'refill' in as little as decades. The 'mainstream narrative' is that all the estimates were off and they are just extracting more oil than was initially estimated, but this does not account for the fact that dry wells have become not dry wells.
And abiotic oil generation isn't even that crazy of a concept; people like to point out that 'bacteria' and signs of life exist in the oil, thus it cannot be abiotic and only could come from life; well, we know bacteria and life can survive in extremely insane conditions we previously thought not possible, so why couldn't life exist down there, in bacteria pockets?
Of course, whatever we currently 'know' is declared to be the extremum of knowledge, the absolute of which the mainstream judges, thus declaring anything outside this as 'obviously wrong,' yet time and time again this mindset is proven wrong via the current extremum of knowledge merely being the greatest area of ignorance and not the de factor certainty of absolute as they claim.
All this activity, i am wondering if the side affects are being considered as well. The side effect i am particully wondering is allready happeding in texas, I am reffering to soil subsidence.
or sinking soil witch will eventully lead to forming sink holes over an large area.
Now we must address other problems that need
to be modified for more security on the planet .
There is no shortage of fossil fuels other than where they are used. Geologic processes create oil on a continual basis. There are so many untapped reserves some of which still generate oil even after heavy pumping.
Your sense of scale needs to be recalibrated. Geologic processes takes place on a geologic timescale. In just about 100 years, we have already used up about half of the oil we can access. This oil was accumulated over the past 4,000,000,000 years !
@@danielch6662 Understood but there are plenty of processes that are still ongoing that started back then that have still not been tapped. Similar to gold and silver mining. The known hot spots have been hit hard but the real estate is miniscule in terms of the Earth's surface above and below water.
@@hansmroch3214 The Earth produces less oil in one year than my small city consumes in one day. It's not even close to being enough.
@@Jake-rs9nq Untrue. There are large untapped reserves. So when Biden sends 1 million barrels to auction overseas per day your town consumes more? I doubt it. If you actually used your time checking facts instead of using your feelings the amount of oil pumped in the USA per day is 11, 600,000 barrels per day. Again hardly believe your small town consumes that much. And that is just the USA. Why do you think Russia and Ukraine are at war? They want the massive oil reserves under southern Ukraine.
@@hansmroch3214 Is English even your first language? I said the EARTH produces less oil per year than my town uses in a day. I'm talking about natural generation, not American production.
I wish my beer glass was self replenishing
that remind me the moment when doctor strange meets thor
Same brother
Oh this film is from 2011...... nice. Always a pleasure to see the late Matt Simmons, cheers for the upload.
Right..? Whatever we do though -- we better not use that stuff with a MILLION TIMES the energy density which doesn't require you to extract the waste from the atmosphere (aka nuclear) bc, then you'd HAVE THE WASTE. (See? Smart, eh?) ...
Always fun to see when company risks billions of dollars in order to save millions of dollars.
They're as smart as their wallets.
I call that, Penny smart and Dollar stupid.
imagine if they could put that money into expanding renewable energy worldwide.
The thing is they're not risking it all, the government always bails them out.
@@sahitdodda5046 actually true...
recycle the plastics back to usable fuel.
you will spend more energy than receive from it...
Absolutely right there's millions of barrels of oil in plastic waiting to be recovered
"recycle the plastics back to usable fuel."
This is the kind of intelligent thinking you get when you raise people on a steady diet of Scientism and TED Talks. We can do anything with anything, with magic technology and believing harder!
@@samuelanketell8190
"Absolutely right there's millions of barrels of oil in plastic waiting to be recovered"
Truly we live in the age of anti-science.
@@S3l3ct1ve yea plastic easy to create but not do distroy or reuse pity
This documentary is seriously outdated technically regarding oil reserve exploration and abiotic oil, which is discussed. Today, ten years is a long time technically in any industry. Still, a good overview of the oil industry issues.
Your talking fosil mineral oil. What about vegatable oil. This is compatible with diesel and needs no processing. Guess you will have to dump the petrol car. Can be produced as long as the sun shines.
@@rogerelse366 the amount of land needed to meet consumption exceeds the Earth's land mass
Abiotic oil? Do you mean that junk science that promises the world's oil reserves will magically refill themselves?
"abiotic oil"
Yes, and you know, my pantry isn't running out of food. When I close the door little elves come out and turn mushrooms into food! The agriculture industry is seriously outdated.
this was originally released in 2011. You can make money by licensing old tv shows slapping ads on it and posting it on youtube, your a product here, youre the oil, if you will.
I know one thing for sure… the price of fuel has rocketed in the UK.
It’ll always be about the money
@Valerie Chastain it's the same big oil big power republic democratic USA , CHINA or C I A. .you don't stand any chance at all . untill you understand this is our reality. There is no one at the top coming to save us no one !!!!
I bet it's the EU's fault, idiots
Yeah, I suspect that the gas companies are just banking on multiple things, two for example: end of easy oil and a switch to electrical cars - despite the fact that they use a lot of plastics, they are long term products not consumables like oil.
200 million cars in the USA has to be destroyed. 300 million electric cars to BUILT . climate change ? My sss
@Valerie Chastain Oh, we definitely know you don't think. You didn't need to clarify.
1 to 8 billion population since oil discovery. Interesting to see what happens when theres no more plastics, trucks farm equipment etc. Guessing itll go back to a billion 🎉
The same problems will occur for cobalt and other precious metals to make batters for electric vehicles, and the planet's surface environmental impact is not taken into account from these mines, usually open cast types.
The oil burns and disapears. The Cobalt and other metals used to make batteries can be recicled. Very different situations
@@TelmoMonteiro "Can" be does not mean they "are" tho. Much of it ends up in landfills.
@@JCrook1028 if anything there's a way, a path. For oil, there's none
@@TelmoMonteiro Oil can be recycled as well... Not all oil is burnt. Besides which, oil is used in hundreds if not thousands of applications other than energy.
@@JCrook1028 dude - oil, like crude oil, petrol. Once burnt, it's gone. It's not that hard to understand. There are of course many other applications, but you're mixing potatoes with corn. Nothing related. We're talking about energy needs here, not lub etc. You're not understanding or you're trying very hard not to...
....answer: *No* (it's a fear tactic to use scarcity to herd the sheeple.
The sheeple are the ones who want to continue the oil industry. With oil based fuel we have to be dependent on those who own the oil and pay what they ask so they make their large profits from us. Better option is to find alternatives which allow us to produce our own fuel with no profits going to someone else. Sheeple love to give their power away while others prefer to be empowered.
Thomas Robert Malthus has tried to explain. In the USA 🇺🇸 so much energy from oil & natural gas has used for, herbicides, insecticides & fertilizer to grow wheat, before wheat is harvested, more energy has already been put INTO the wheat than is IN the wheat. When oil & natural gas are gone. The agricultural con-job/(revolution?)will collapse.
I am a big fan of Robert Malthus; however, he died in 1843. We'd love to see your source for this assertion.
Thanks! JlC
As a petroleum engineer we should change the way we drill and come up with alternative way of drilling which is easier and can cut drill time, the better way the more oil will be generated. One more we also need to change exploration.
We drill 1000 bbl a day wells in 8 days. 10,000 feet down 10,000 foot horizontal. Drill time is no issue.
@@wyooutdoors9513 But time is money, which I think was his point.
Cant we produce synthetic petroleum? Or why could we not? I mean we can engineer anything. Doesnt the earth produce more oil ?
That kind of thing is easier said then done, oil companies #1 concern is to get the oil as easily (and therefore cheaply) as possible. If they could do it they would.
You can make synthetic oil, but it's a very dirty process and clean up costs are high. South Africa nearly killed themselves trying to keep their synthetic oil plant running when the apartheid embargo was on.
Better talk about renewable energy sources and how we can get rid of oil in transportation and heating.
"Planet of the humans", come on man.
better to talk about why oil was the last energy resource as most alternatives (solar, nuclear etc) are products of the oil industry.
Common sense says "do not overconsume in a mere couple of centuries, what it took nature MILLIONS of years to produce".
I do not think mankind is gonna stop petroleum overconsumption, ergo I do not think the masses are gonna survive what they have coming for them.
Maybe the species will somehow survive it, yet I predict a particularly dark future for the contemporary everyday man, in the decades to come.
Everything that we know of today, will most probably crumble down like a house of cards and it's quite saddening...
The world is already turning to fascism as a way to strong arm our way out of the growing crises worldwide... speeding the arrival of that dystopian future.
Why is the oil in the ground in the first place, is it too cool the earths core, also they have been extracting it for so many years it amazes me how it hasn’t run out yet.
oil is renewable but the time it requires is so slow it cannot catch up to our demand
The sun pours enough energy onto our planet to supply all we need. If only they can charge us for it will it be used
Most countries do that already by putting heavy taxes on solar cells and windmills and requiring you to sell your exes power back to the main grid at a laughable price so they can resell it for a large profit. Governments don´t want anything green unless its cash.
Your right. We can pick solar panels off trees because that's how they are made.
it, the sun, didn't shine on texas in the deep freeze in february of 2020, where some solar panels were needed to supply electricity for heating. oklahoma used our coal generators to make electricity, thanks to our Republican Governer Kevin Stitt...coal saved our _____....
They do charge us. It’s called solar panels, batteries for solar panels etc, and then in some countries there’s tax on what your solar panels produce. 🥸
48:20 Nice background, with the Tabasco on the side :D
THIS MAN LIKES HIS HOT SAUCE
There is a finite amount of fossil hydrocarbons below the ground. There have been numerous serious predictions about when this supply will run out, but they've all turned out to be incorrect, making it difficult for many to accept that this resource will run out at all.
You've been filled by big oil. Light, sweet crude easily available has dropped dramatically.
Now this would make sense why my mother said we would not be able to drive our cars out of our driveway is because the gasoline would be too expensive. The reason I say that is because she was never wrong about any of her statements at her and X speeches
In my 70 years of my life, we have passed peak oil several times and now we have hundreds of years of petroleum.
The US, Europe, and world have passed peak conventional oil production. The only reason there's still fuel for your car is that alternative methods have been developed to find deeper oil, stuck in the cracks of rock formations, as well as deep undersea oil. Eventually, the height of technological advancement will be reached, and oil will be exhausted. I expect oil prices to rise drastically in the next two decades, with oil being a rare fuel for cars by the end of the century.
@@Jake-rs9nq That is a complete lie. We are not even close to peak in the US. Where did you get that garbage, certainly not from the American Petroleum Institute. Stop with your garbage.
according to BP we have 47 years of oil
@@flvflvflv-x4p Fake News. Check with the American Petroleum Institute API and they will disagree with that. I don't believe any credible source from BP said that. I believe we have 200 years plus.
@@richardallison8745 I have not found any data from API regarding that. From EIA US Energy Information Admnistration I have found that proven reserves of crude oil is 38 billion barrels. Without imports, that gives around 6 years of oil. I believe the US will import more in a near future.
So what happens when the cost to find oil is more expensive than the actual sale of the oil? BP tried to save $ and ended up causing a disaster .
I found the parts about the reservoirs slowly refilling themselves interesting, but I'm guessing not every reservoir does so or if it does it takes forever in human time scale to refill. Earth is awash in hydrocarbons. It's too bad the methane hydrates along the world's continental shelves are not economic to mine. I always understood 'peak oil' to mean it would be harder to get what is needed, so the price has to go up just because of the economics involved.
I read Matt Simmons book, Twilight in the Desert, so I'm surprised Saudia Arabia is producing as much as it does these days.
No one is quite sure how much oil Saudi Arabia has. They're clearly scared of running out at this point, but who knows how much is left? They hide their production costs.
Saudi Arabic keeps pumping and controlling the spot price of oil because they need oil to be at $85 a barrel to keep the Kingdom functioning
@@genli5603 I can tell you right now it costs $10 a barrel to pull it out of the ground over there, it is the lowest production cost in the world, that is why they increased production to drive the price down to make it unprofitable for Frackers to compete. Saudis were losing market share to shale producers with higher production costs who were willing to live with slimmer profit margins.
It's the same process as a water well. If you pump it "dry", as long as the hole is still below the water table, it will slowly refill. But unlike water, oil doesn't rain from the sky here on Earth, so once you suck all the air out of the balloon, you're done.
Still doesn't answer the biggest question. How much of it is left? This is especially in consideration of the fact that they pump in water to push the oil out.
Canada has one of the largest untouched oil reserves in the world, among other resources, Canada could literally survive for centuries off our own resources.
Yup!
If the rest of the world ran out they would attack Canada. When it happens no country will be safe from an attack if they have oil and aren't sharing.
That's assuming the US doesn't annex Canada the minute it runs out itself.
That oil isn't normal oil,that oil is tar oil which needs to be mined and not drilled for.That oil needs to be mixed with fresh water to send it down the pipes.It's extremely toxic.
Um - oil is a "non-renewable" resource. That means it will run out. It's not a question of "if" - it's a question of "when"
Exactly they pretend like the system isn't build on a timer.
So when will it run out?
@@sutionojoyodiningrat3610 It will not "run out" magically at one moment. It will be scarcer, and the systems dependent on it will begin to crumble. It's already happening.
@@Kamamura2 $300 a barrel on the way
We will never run out of oil. It is a renewable source, the earth makes it. IT IS NOT DINOSAUR JUICE. So much fake science out there,
The "Baaken Formation",
eastern Montana western Dakotas, and up into Saskatchawan is three layers. The uppermost layer, which is currently under development, is estimated to contain enough oil for 200 years at present levels of consumption in U.S.
That's not counting Alaska north slope oil, Gulf of Mexico oil, Wyoming , Utah., California oil, or Pennsylvania oil..
I'm thinking the big oil
Companies are in the oil shortage business, as well as the supply business.
100 my man. Create a rarity, increase prices.
Time stamp 22:53. As the narrator says "even smallest mistakes could lead to catastrophe." Check the cable tied off in the left of the camera shot. Nice! That will hold a lot. Na, those sharp edges of that bracket won't cut the cable if put under stress. WOW!
Nuclear to generate electricity - electrify everything that makes sense - Hydrogen/Ammonia to power everything else
what about the radioactive water? where are you going to put it?
8:00 "Someone important about Oil", *me: seeing he is still using windows XP*
He is a boomer. What do you expect? They are concerned about oil as if we don’t have any other source of energy.
i was just about to mention that too lmao - when was this made? 2008?
4:00 "Someone concerned about Oil", *me: wondering why there is a bottle of Tabasco on the desk*
The interview was done in 2010.
There is nothing wrong with XP, especially on older machines. I wish I could run a version of it on Raspberry pi. Win 10 is an endless war, there is no getting back the time I have wasted dealing with it at work.
there aRE other vids with people that say they worked for oil drilling and mining companies and some say Canada and other spots are have massive amounts of oil
Just watched a documentary on 6300 ww2 sunken ships containing 27 million tons of oil. Just waiting for some innovative guy who can figure out how to pump them out cost effectively
Post link
This is true, but I think the cost of extracting that oil will outweigh its value most likely. The sad thing is, those ships will rust through eventually and cause massive oil spills :/
The Arizona has been leaking oil since Dec 1941 in Pearl Harbor and its only a few feet below the surface.Its a battleship too, not a sunk oil carrying merchant ship.
26:40 Until the explosion, the "Deep Water Horizon" had an excellent safety record...
Reminds me of the "Fat Man" and "Little Boy" which both also had an excellent safety record.
🤣
It was not an explosion, in the combustion sense, but a release of internal pressure, nothing remotetly predictable, that far below the surface of the gulf waters already under pressure, no diver can survive.
Engineers must always endure punishing criticism when things go wrong, in contrast to politicians in charge saved by 'self legislated immunity'.
Too bad some inside trading ones like pelosi weren't sitting on a saddle on top of fat man, best engineering feat of implosion synchronization.
@@demoncloud6147 At least both of those were designed to explode.
The Horizon was fine until a Navy Sub snooping around bumped into the Wellhead and caused the spill. Then blame it on another oil company. Oil is still washing up on the shore's year later.
“The fact that the shock waves are harmful to whales and dolphins is accepted.”
Love it.
I cackled out loud
It’s probably the cause of beached whales.
@@Encephalitisify I didn't do it !
The Same Bastards that say we must go electric Did ! AND ARE STILL...
. DOING IT ! BUT IF WE
ARE DEAD THEY WILL STOP !!
YOU BELIEVE A MURDERER CARES ABOUT YOU !
What's the solution then, apart of the screaming and nagging about the damage to the poor marine creatures? What is the proposed technological alternative to the sound wave? Some people ( mainly from the Golden Billion generation in the West) are disgusting hypocrites. They are living in the ultra modern megacities and towns, equipped up to the neck with energy guzzling high end gadgets, vehicles, ships and trains or whatever...with their AC houses with heated floors and TV screens, washing machines, fridges etc...They are using ultra modern airplanes, sometimes weekly or monthly, delivering their pampered asses globally, alongside the above-mentioned goods, incl.some food items directly from the field and sea floor etc...and these oil addicts preach the governments and the international corporations to halt furthermore explorations of the same substance they are hooked up to? Bloody hypocrites.
@@twinrg soul ution 🤔 your Dead .please I will convert a Hurst to electric if that will make you happy on your final ride that is coming soon.
Short answer: no
Long answer: always no
We have been listening about the end of oil since the 60's, this is from 2010 now 2021 still no end in sight. Its getting to the stage they'll be more oil in the sea than under the ground, maybe they will eventually be able to use that.
Oil prices have quadrupled in real terms since the 60s. That's the real problem. Oil won't run out any time soon, but it will get expensive enough that renewable energy sources become economical.
recently the price of oil fell so low that production almost stopped ... if it is true that reserves can dwindle, it will not be in the immediate future.
demand went up.... production stopped LOLOLOLOL
@@stevenbryant4718 Went up because of Belarus also blockages due to pandemic the same as food prices. Oil prices are set by many things like above ground oil on the quarter, politics and subsidies. Oil production obviously never stops but it will run out in this century and instead we need to grow materials instead of taking them from oil which will be impossible because by 2035 we will be 2oC above preindustrial average temps and so most farmland will be dustbowls and forests will have burned down leading to desertification.
Electricity will replace most of our oil consumption, but where, and what we derive that electricity from is the question. The only reasonable solution I see at present is good old nuclear power. They have made strides in this type of power, and it is now practically failsafe, but we need to get rid of the existing power plants which are problematic, and can fail more easily. Smaller power plants that supply small areas is another option that provides a safer alternative in case of failure, which is highly unlikely with the newer technology. With the failsafe's of these newly designed nuclear plants; if one does fail, there would be marginal consequences compared to our current plants, and virtually no consequences if it were one of the smaller plants designed to power communities, and not an entire county, or counties.
@Adam M Electricity is cheap, fairly clean, and easy to produce where hydrogen is anything but! Therein lay the problem. Ultimately, yes, hydrogen will be the fuel of the future, and they are working on ways to make it more accessible, like a rooftop hydrogen generator the size of a solar panel. A lot of tech going on, but it will be many years before it's a viable solution that can compete with electricity. Look at some vlogs here on RUclips that compare the two sources, I watched three vlogs before responding to your comment as I used to think as you do, but I was wrong, at least for now!😁👍✌
Growing biofuels can be far better for the environment as the plants or fats used don't require digging massive holes to have a chance to find oil. Plants absorb CO2 to offset some of the impact.
There isn't anywhere near enough arable land to grow the plants to feed our cars. We would starve ourselves and livestock to feed our cars.
Processes will probably replenish some of the oil fields over the next couple of millions years. Anyone check the old gushers in Oklahoma and Pennsylvania to see if they have filled up again? If not, check again in a few millions years.
I suspect there isn’t a real shortage at all and never will be.
Earth oil ran out
Spermwhales: **chuckles** Im in danger
What an embarrassing name. They probably have low self esteem from other whales mocking them.
@@dan9809 where did they get the name SPERM ? And who " discovered that odd But obvious observation 💦🐰🧐
@@onewordhereonewordthere6975 The whales are called such because they were hunted for their spermaceti - an oily substance found in the whale's head. There's a very large organ in there full of the stuff - it acts as buoyancy control and as a giant acoustic lens for their echo-detection ability. It's also very flammable, and so was much prized as a fuel.
I will be very happy to see that day it will be a better world
With so many cars on the roads, I’m not surprised…It’s really magic how they keep everything running.
Some of my family are petroleum engineers, I asked them what happens when the well they have built goes dry, they said we drill another well.
Exactly! Oil is abundant, just find the sweet spot. But as we knew it long ago that oil is not forever, it's time for us humans to think environmentally. The more oil burns, the more CO2 will be releasing in the air and one day, we will wear GAS MASK or much worst is the respirator with oxygen.
He skipped step one... _find more oil_ *then* build a well on it. (we've gotten better at find oil, and extracting previously infeasible oil.)
@@bahagharidon1940 And yet you'll never understand why having more Co2 in the air is a GOOD thing. More Co2 gives us more plants which feed us. Large groups of humans need more vegetation, not less.
Oil is forever!
The Deep Hot Biosphere
By Thomas Good
@@metamech7383 You Must work for Big oil!! That's why say that.
We started running out as soon as we extracted more that that being naturally created in places we could extract it from. That was a long time ago.
wrong. the "empty" oil field are filling up again after they run low on oil. time is our friend
@@kennethnordby7128 Yeah right, hahahah. They're filling up. What with, coz it aint oil.
Are they like the infinite coffee cup in a cafe? Why do oil companies look for new fields if the old ones never empty!!!! Why is it that there are various algorithms (with various assumptions) to determine the point at which current accessible reserves will run out? Why do we need renewables if the oil wells never run dry? Ever considered how many millions of years it takes to make oil? We have used up a considerable amount in just 100 years. Do the math. You are very very wrong Mr Nordby.
@@csjrogerson2377 We do not need renewables at all.. Its called renewables, but the costly equipment are not renewable. Windmills that take an eternity to be processed by nature when they are left behind.. However.. soon you will pull energy out of thin air.. but.. no.. my apology.. not you.. your owners and you will crave it. Your very existence will depend on it. Say hallelujah..?
@@kennethnordby7128 Are you on drugs? If not you need help. Dont bother replying.
My Geology professor last semester said we have 300 years left of coal in the USA.
At least, but it's already obsolete due to cheap NatGas, and shale oil extraction technologies have 10Xed the economic oil in last decade and a half.
That's such a joke 300 years.
And I bet he has tenure.
Tell him to get a real job
Yes there is 300years of coal in the ground, but largest part is not economicaly viable to extract and if somehow we could burn this coal the earth would be fried.
we have 3000 years of coal left
there is a 500 years of coal in texas alone..1000 years in canada..give me a break..
2000 in china.. we will never run out
Because if the world knows how much oil is in the earth the price will drop. Because of that Venezuela oil is under sanctions
Full moon day in a village is more magical than everyday city lights.
Yes, That’s what im talkin about. Nice
Oh my God. Shut up.
Can you imagine how much 80 million barrels of oil actually is? And we use that and more every day.
Using semis for freight was insane, trains are much more fuel-efficient, semis and their trailers also use lots of oil for tires. Also insane was development of shopping malls that replaced local (walking distance) stores, same goes for public schools and all things associated with all that "distribution". But even more insane is UPS and FedEx delivering small packages to fat/lazy suburbanites that can't plan long enough ahead to "go shopping" once a week. BTW: 80 million barrels would be over 320 million gallons, which is (about) 1 gallon per day per person - I use about 5 gallons per day (100 mile round trip to work) - would not bother me to use "light-rail"
That is a lot , yes , but if you envision a BARREL being the standard 55 gallon drums that you see everywhere everyday , that's not quite accurate , oil is traded & bought by the Barrel , but that Barrel is only 42.35 Gallons !!
Great documentary..the answer:..its finite and a rare natural resource considering current consumption levels
The price of oil depends on us believing that it is running out.
This documentary is 10 years old, just like most of the stuff on this channel...
I was wondering about that just a few minutes in. It seems outdated. It is quite evident now that oil already peaked, and that after Covid the demand also peaked.
Sure. That means oil will last indefinitely. Phew. We are saved. But it was close.
@@Kamamura2 That is actually good because we still need oil for nearly everything, from plastics to medicine to fertilizers, and everything in between. So we will never get rid of oil completely.
@@miltonmiller
We have become dependent on it....we dont need it as much as we think we do
Fertilizer existed well before we used crude oil....
Most crude oil fuels our materialistic wants.
We can reuse plastics and other materials derived from crude oil so if we ran out it wouldnt be so bad, it's the fuel sector that uses oil wrongly . Combustion of gasoline is irreversible, unlike making a plastic spoon.
@@zachcarter3186 I would love to believe what you say, but there is math...
I remember reading that oil would run out in the next 50 years. I read this in 1983.
so you read it, it must be true, the media never lies does it
Read from where? The biggest problem with people like you is you read some BS written by some nobody and attribute it to scientific institutions.
@@JSM-bb80u I was eleven years old at the time, so how do you expect me to remember where I read that we would run out of oil in the next fifty years starting the countdown from 1983?
What happening with all the oil being pumped out? Hydraulic pressure is a powerful thing. I wonder if we're going to be looking at earthquake increase??
Earthquake increase is already happening.😮
Do you realize the titanic forces released in an earthquake????? What were doing is, at best, a pin prick.
Fracking forever!!!!!
there is enough oil to last for the next 300 years. to make something worth a lot more make it scarce.
I agree that we need to find an alternative to oil. EV vehicles cannot be the answer overnight as the powers to be think as the power grid is already overloaded.
Toyota hilux 2.5L has to work for 30 straight years for the match enviromental damage that caused by single tesla model s production
even EV vehicles need oil to lubricate moving mechanical parts!!!! so.... go figure... and manufacturing machines, like presses, and robotic welding machines, etc need oil to lubricate, pressurize systems, and clean.... so.....
@serdarcam99 No that is misinformation. It takes between 6 and 18 months to offset the carbon inputs of their manufacture. This is because EVs are more efficient than gasoline-powered vehicles and they produce zero emissions while driving.
For example, a study by the Union of Concerned Scientists found that the average EV in the United States offsets its carbon footprint after about 18 months of driving. The study also found that EVs produce significantly less greenhouse gas emissions over their lifetime than gasoline-powered vehicles.
@@rickgreen5040No that is misleading. EVs require a tiny amount of lubricant in their lifetime, which cannot compare with even a single oil change for an ICE vehicle.
@@keepitreal2902 what makes the electricity that you use to recharge you EVs?
Power plants, being coal fired, gas fired or worst of all nuclear fired.
How much of a catnon footprint do they put out?
The exception is the nuclear power plant. It is the dirtiest of all. How do we dispose of the fuel it requires. How do we store it? How do we clean up the mess after 3 to 400 years when it starts leaking. Your family will have to make the sacrifice of thier lives to clean it up. Then what do we do with the leakage that they clean up?
It is a never ending cycle of nuclear waste cleanup
I'm literally on a drilling rig as I post this, we're drilling right through the oil zone and drilling for natural gas at the moment. There's so much oil
Since the time they made this video in 2011 they had lots of oil discoveries. The answer is there is a lot of oil.
There's no problem with pure quantity -its price ,and ease of access ..
@@eastcorkcheeses6448 before there was none now there is a lot but it cost more to extract. Every time that something comes along that proves the politicians and environmentalists follow up with yes but .
Try to say we have been trying to change reality with little white lies. Because mother Earth needs us to . It's getting old . stop the fracking.! like it's the nuclear power plants of the seventies. And today .
You can live on top of any oil field in North Dakota .but you cant go near Chernobyl much less Fukushima. When a child knows the answer is not going to go his or her way , as a last-ditch chance to persuade their parents mind is to throw a temper tantrum. Please be above that.
@Trip Building That is a problem for oil as it cost a lot to create new fields and extract
This program is the technical equivalent of polite conversation. Calmingly filled with mostly meaningless facts and definite statements empty of conclusions or meaning.
Why "pose" a question when the intent is to never stir the listener a conclusion. As the program would say, " Some think that titles of programs are there to attract those interested in fashionable topics, open the audience to more content that does not inform, only gives a flavor to a topic to increase the appetite for similar blandly spiced content. Others say..."
"south east asia might turn into a new hotspot"..... that's why China made its claim on the whole west Philippine sea...
16:05 Austria - We still have enough oil
Me looking at that glass jar filled with water: Why tf your lying, why you always lying... XD
spark is a leftist organization.
My god, it’s deplorable the actions we allow without regard to how it effects wildlife!
And you still drive your car, use public transport, use cosmetics, take medicine, use electrical goods, wear man made fibers.........you get the point.
@@leemacdonald6533 I’ll have you know I live in a province that has 100% renewable energy production and our entire transport system is electric and hybrids! Day to day I use fully electric transportation off a fully renewable grid
@@leemacdonald6533
Use electrical goods?
Wtf does that even mean
@@leemacdonald6533 imagine being able to enjoy all of those things, but responsibly? not everyone is like you bud.
Don’t be so negative! Those two get paid for doom and despondency! Nothing new! Common sense tells you the whole universe will eventually be one giant ASH TRAY. WHAT DID HITLAR DO TO KEEP HIS WAR MACHINE GOING WHEN OTHER NATIONS FROZE.? They didn’t sit on their butts. HEARD OF DUCKUMS OIL? He produced his own synthetic oil? I hate these losers! Find some positive morons to upset us??
In which oil and gas and electronical energy consumption should be relatively equally
Great film! The question is whether we should extract all that oil. Hope, that it will become too hard to extract that renewable energy (decentralized) will win.
And we know where the last oil will be located... *points at the giant sandy lands of Arabia*
Whether or not the Earth is running out of oil is not a geological problem, but an economical one. Oil is running out at particular prices where oil companies no longer make profit. If people are willing to pay higher prices, such as $500/barrel, you will find oil through new technological exploration methods. This is reason that past predications of running out of oil have not been realized.
More lies... Stop it!!! We are not near peak productivity. We are NOT past the peak of producing oil out of the ground. You need to check with American Petroleum Institute= API. Stop with the Biden garbage and lies.
And probably there are even larger reserves under the sea bed, but as you said, it's a matter of technology and economics retrieving it.
Need to be getting out of this stuff super fast or else. Simply will not matter otherwise!😒
Can we make synthetic oil and gas?
Government would never lie to us
I wonder when that was ever true
No profit in telling the truth
govts and politicains r the biggest liers in the world.
US govt is by far the worst and most corrupt.
China and Russia r the least corrupt and a bit more honest.
Look at the govt version of 9/11 none of it makes sense and has been proved to be all fake and not possible. like the phones calls impossible back then as mobile phone siganls could not go above 10k feet but govt says the calls were made at 30k feet. so they changed it to using air phone. airlines involved said nope sorry none of r planes had air phones fitted. so where where the calls made from?
1 engine was found claimed to belong to 1 of the planes that hit the WTC. mm airline and boing both confirmed nope that engine was not the same model fitted to those planes. normaly they used BOING engines but both the airlines involved use Prat and Whitney instead.
pentagon 130 foot plane all went through a 13 foot hole leaving no debris outside. CCTV footage released had the wrong time stamp on it the 1 they claim showed a plane hitting it was recorded 1 day later on the time stamp and didnt actualy show a plane anyway.
Bush saying they never even thought a plane would be used like that and never had any plans for it. right so why was just about every US plane up in the air on 9/11 on an excrises just for that type of attack? he probaly didnt get the memo on operation Northwood the CIA plan to hijack planes and crash them into cities in Florida and plant evidence it was Cuba to justify a war against them in 1962. JFK refused to let it happen and was going to shut down the CIA. he got killed before he could do it.
Sandy hook. school inspector said nope didnt happen as that school had been closed down 5 years before and was waiting to be demolished but had to get the asbestos out 1st. It was a FEMA training excercise nothing more. look closly at the kids being walked out. same kids over and over just put in diff postions in the line. They came out the front door went round and in the back door and came out again pretending to be another lot being bought out. 1 of the greiving fathers was caught on folm as a SWAT memebr who didnt know how to carry a rifle. he was carrying it upside down by the magazine and the shoulder strap draging along the ground. he also played the role of a grieving father who lost his son in a school shooting in a film a few years earlier.
1 guy on 9/11 intervied saying it was Bin laden within mins of the 1st plane hitting when most thought it was just an accident. he was on 10 diff news networks at extacty the same time in dif parts of new york wearing dif clothes and diff name. he was also at Boston and LAX when they got bombed saying who it was. he was CIA.
BBC news 24 started to report the story in the UK photo on the wall behind the anchor of a plane hiting the WTC. then he said oops sorry ignore that it hasnt happened yet. None of the other networks started to report it till 1 hr later cause the BBC started telling the story 1 hr to soon. another BBC reporter was reporting that they had just heard tower 7 has just collapsped but right behind her on camera tower 7 was still standing and didnt come down till 20 mins later.
the media was being fed the stories and BBC was trying to blow the whistle it was all faked and it was a demolsion job and an insurance scam.
Even the 1st responders were saying no planes it was a demolition job.
the planes were CGI and could only be seen in the News reports nowhere else. ppl at the scene did not see any planes except the CIA plants. 9/11 was a joint CIA MOSSAD black op and thousand were killed. pp, r still dying now cause of all the asebstos put in to the air. all coverd up by the US govt.
*Laughs until I’m bawling upon seeing this*