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shogun32

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Excuse me!!!! There isn’t an infinite supply of oil so the question is not if oil will run out but rather when
we don't know HOW oil is made, actually. We've assumed dinasours and other quickie jumps to conclusions but to baldly assert oil is finite is not supported by evidence.

Are we using it faster than we're finding (easy deposits) it?
Yes.
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HoosierDaddy

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Oil is made from decaying plant matter. Plant matter still decays, so I contend oil is still being made. Will we at some point use it faster than it is being made? Sure but we are not there yet.
Plus there is already a process to convert baby seals to oil when prices rise enough to justify doing it.
 

luc

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we don't know HOW oil is made, actually. We've assumed dinasours and other quickie jumps to conclusions but to baldly assert oil is finite is not supported by evidence.

Are we using it faster than we're finding (easy deposits) it?
Yes.
Hold on here, asserting that oil is finite is nothing more than logic and common sense. Our planet itself is finite
 

luc

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Plus there is already a process to convert baby seals to oil when prices rise enough to justify doing it.
The German during ww2, due to their lack of oil fields, were manufacturing synthetic fuel from coal ( syngas). My dad was forced to work in 1 of those factories as part of Albert Speer forced labor organization
A bit more efficient than using baby seals.....
 

shogun32

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A bit more efficient than using baby seals.....
and we have a sh*t-ton of coal on hand and less likely to trigger 'seal hugging parties' or ramming of seal-ing boat on the arctic waters.

Hold on here, asserting that oil is finite is nothing more than logic and common sense. Our planet itself is finite
we aren't running out of water nor dirt/rock. Let alone O2. So a careless declarative statement has no merit. Just because your un/mis-/propaganda-educated elementary school teacher was spouting the pseudo-science "truth of the day" doesn't make it so.
 

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94Mustang302ci

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Yes, however politics can drive market forces. Its not a coincidence that gas prices are up almost .80c a gallon since Biden got elected due to his weakness on energy. Track the market prices of a barrel of oil from Nov. 3 until today.
Nothing will stop me from believing that had the administration not changed I'd still be paying 2.50 ish a gallon for 93.

It's only going to get worse since this administration has stated it wants to make oil go away. The easiest way to get rid of a thing it to cause it to be so expensive that only the very top 2% can afford it.

My brother in law is a pipe fitter, he voted like the union wanted. He is now out of work and is about to lose his house. Yea, I rib him.



U.S. Regular Conventional Retail Gasoline Prices (Dollars per Gallon)​
YearJanFebMarAprMayJunJulAugSepOctNovDec
1990NA1.2581.3351.324NA
1991NA1.0941.0401.0761.1261.1281.0961.1151.1091.0881.0991.076
19921.0221.0061.0131.0521.1071.1451.1371.1221.1221.1141.1111.078
19931.0621.0541.0521.0781.1001.0971.0781.0621.0501.0921.0661.014
19940.9981.0091.0081.0271.0471.0781.1061.1551.1441.1141.1101.060
19951.0661.0581.0591.1041.1721.1861.1481.1201.1081.0821.0581.066
19961.0841.0821.1291.2201.2631.2431.2151.1991.2001.2041.2351.233
19971.2311.2241.1971.1881.1911.1891.1671.2131.2161.1821.1581.119
19981.0751.0421.0141.0241.0491.0481.0391.0110.9941.0060.9790.923
19990.9170.9000.9611.0991.1031.0951.1381.1991.2391.2301.2401.261
20001.2791.3711.4981.4371.4561.6121.5291.4391.5251.5081.4951.418
20011.4271.4311.3841.5171.6541.5481.3401.3861.5061.2741.1391.072
20021.0941.0901.2211.3621.3531.3411.3641.3581.3631.4271.3851.348
20031.4241.5821.6361.5171.4381.4521.4801.5881.6161.5131.4741.448
20041.5551.6151.6891.7561.9451.9101.8631.8421.8411.9541.9321.800
20051.8111.8862.0632.2112.1142.1232.2472.4492.8622.6892.2222.174
20062.3002.2492.4132.7192.8312.8082.9232.9102.5012.2142.2112.284
20072.1912.2352.5032.7873.1193.0242.9472.7772.8172.7913.0642.984
20083.0183.0163.2153.4213.7353.9894.0023.7403.7093.0102.0991.669
20091.7721.8921.9372.0212.2402.5972.4782.5622.4802.5002.6142.568
20102.6782.6032.7422.8182.7952.6842.6792.6832.6782.7662.8152.951
20113.0583.1683.5093.7463.8493.6283.6143.6123.5733.4003.3303.220
20123.3303.5173.7743.8373.6433.4653.3793.6683.8013.6533.3803.256
20133.2553.6053.6483.5013.5653.5763.5153.5153.4743.2853.1863.209
20143.2523.3053.4743.5903.6013.6263.5393.4253.3543.1202.8752.488
20152.0462.1522.3522.3692.5782.7002.6662.5222.2752.2302.0881.946
20161.8431.6811.8952.0272.1992.3032.1572.1192.1612.1862.1052.192
20172.2852.2272.2432.3402.3032.2572.2112.2972.5702.4302.4742.388
20182.4672.4882.4882.6522.8082.8022.7702.7682.7692.7852.5612.263
20192.1452.2232.4432.6942.7312.6012.6402.5212.4892.4972.4802.469
20202.4592.3482.1261.7211.7691.9982.0992.0932.0952.0732.0152.105
20212.2442.412

- = No Data Reported; -- = Not Applicable; NA = Not Available; W = Withheld to avoid disclosure of individual company data.
 

Stage_3

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This video pretty much explains it from the person on the inside.
The auto/truck performance industry is under attack. Both software and hardware.

 

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ice445

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and we have a sh*t-ton of coal on hand and less likely to trigger 'seal hugging parties' or ramming of seal-ing boat on the arctic waters.


we aren't running out of water nor dirt/rock. Let alone O2. So a careless declarative statement has no merit. Just because your un/mis-/propaganda-educated elementary school teacher was spouting the pseudo-science "truth of the day" doesn't make it so.
Oil is limited by how much energy it takes to extract it. Once all the easy stuff is gone, it becomes pointless. If it took one barrel to produce one barrel the whole system falls apart. We will certainly reach that point sooner than later at current consumption levels. You can argue that we will just make synthetics and that's true, but it will only be for important things like plastic. Transportation as we know it would be priced to the moon.
 

K4fxd

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Are you in the oil industry? You obviously do not know what you are talking about.

There is at least 200 years of easily to get oil at current rates. Some oil geologists think it is 500 years.
 

ice445

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Are you in the oil industry? You obviously do not know what you are talking about.

There is at least 200 years of easily to get oil at current rates. Some oil geologists think it is 500 years.
You claim I dont know what I'm talking about, then pull a figure out of your ass. Love it. Truly comical at this point.
 

K4fxd

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I spent the last 20 years in the fracking industry.

You?
 

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Lund Jr. talked about this some more,.................

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