See I am constantly on the
search for good videos on
Alternative Energy Sources. Today, I
came across a really
amazing article that talks
about Eco Energy Sources from a new
angle. Today’s fun post is titled ? about possible oil shortage soon? .
Question by Ashley ^_^: ? about possible oil shortage soon?
i have some question/comments on the possibility of an oil shortage in the near future
“Are we ‘running out’? i thought there was 40 years left of the stuff”
“big deal. if gas prices get high, ill just drive less. why should i care”
“are all forms of modern technology and food production dependent on petroleum products?”
“what about alternative energy systems like solar panels and wind turbines? Are they also manufactured using petroleum and petroleum derived resources?”
“How do i know peak oil isnt Big Oil propoganda that is being used to create artificial sarcasity & justify gouging us at the pumps?”"cant we just explore for more oil?”
“What about this theory that oil is actually a renewable source?”
“what does this mean for me?”
im trying to look these up myself too but if you can help me with it that will be great!
thank you in advance,
Ashley
Best answer:
Answer by Ole T
We are running out – not of oil and gas, but of CHEAP easily accessible oil and gas. I’m currently at work on an oil well intended to reach a reservoir that was found in 1993, but was not technically and economically viable then. Right now the technological advances of the past 16 years, and the increased oil price, make it possible and profitable to drill it.
Gas prices will become higher. At some point the prices will become too high for most people, so by that time there had better be an alternative. It’s not as simple as “driving less” – transportation and production of food will also become more expensive. Where’s your “panic point”?
Access to cheap petroleum has made it possible to build an entire technology and economy that is totally dependent on petroleum. That won’t last. 
Producing solar panels and wind turbines also needs petroleum products, at least at present. Resources have to be mined, refined, finished parts manufactured. At present this all needs petroleum.
“Peak oil” is real. As I said, we have already run out of cheap oil. As new finds get smaller and less accessible, production rates will decline and prices go up.
Oil is a renewable resource, but at a rate far far lower than production. I know of several areas where oil is being formed today, but it will be a couple of million years yet before this oil has migrated into a trap where it can be produced.
I don’t know what it means for you, but I know that it gives me good job security for as long as I would like.
Give your answer to this question below!
You may view the latest post at? about possible oil shortage soon?
Best regards,
JamesGallo
ekonenargi@gmail.com
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