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The World Has 53.3 Years of Oil Left
fool.com ^ | June 22, 2014 | Matt DiLallo

Posted on 06/22/2014 10:52:21 AM PDT by ckilmer

click here to read article


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1 posted on 06/22/2014 10:52:21 AM PDT by ckilmer
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To: ckilmer

How long have we been using oil in a serious way?


2 posted on 06/22/2014 10:53:06 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: ckilmer

Start squeezing Gore’s head.


3 posted on 06/22/2014 10:56:07 AM PDT by dragonblustar ( Psalm 103, Psalm 37:7, Ephesians 6:12)
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To: ckilmer

Until we find more next month. And the month after that....


4 posted on 06/22/2014 10:57:00 AM PDT by all the best
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To: ckilmer

What a dumb @$$ theory.

Let’s suppose that is true. We then switch to the 220 trillion cubic feet of natural gas we now know we have within the continental United States.

Boom...problem solved. If ever we run out of NG, move on to coal.


5 posted on 06/22/2014 10:59:29 AM PDT by servantboy777
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To: ckilmer

Filled my tank yesterday so I’m good for a week at least.


6 posted on 06/22/2014 10:59:39 AM PDT by humblegunner
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To: thackney; bestintxas; Kennard; nuke rocketeer; crusty old prospector; Smokin' Joe

Two interesting things to point out in the article
1.) Rising estimates on recoverable oil in the Permian.

“As that slide points out, Pioneer Natural Resources (NYSE: PXD ) now estimates the Spraberry/Wolfcamp shale formations in the Permian Basin contain 75 billion barrels of recoverable oil and gas. That number is actually a major upward revision from last year when Pioneer estimated the two formations held 50 billion barrels of recoverable oil and gas.”

2. Another mention of Tuscaloosa Marine shale in the Gulf Coast region as promising area along with a couple Rocky mountain plays.

“The two most promising appear to be the Tuscaloosa Marine shale in the Gulf Coast region and several shale plays in the Rockies. EOG Resources this year unveiled four new horizontal oil discoveries in the Rockies,”


7 posted on 06/22/2014 11:00:09 AM PDT by ckilmer (q)
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To: ckilmer

Almost the entire earth will all be under the oceans in 10 years so what difference does it make?


8 posted on 06/22/2014 11:00:22 AM PDT by Iron Munro (The Obamas' Black skin has morphed into Teflon thanks to the Obama Media)
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To: ckilmer

The World Has 53.3 Years of Oil Left

For many decades, the proved oil reserves have usually remained 40~50 years left.


9 posted on 06/22/2014 11:02:06 AM PDT by thackney (life is fragile, handle with prayer)
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To: ckilmer

how many times in the past has a peak oil prediction been given and been nothing but a dry well?


10 posted on 06/22/2014 11:02:38 AM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: ckilmer

The World Has 53.3 Years of Oil Left

What they should be concerned with is how much “TIME” they personally have left. No one is guaranteed a next breath . .a next minute. I would be looking up. . .get ready. . .Jesus is coming back for His church. . .then He will be coming back with His saints to reign 1000 years and clean up all of this mess. However, woe to those who do not believe. Before the very end there will be massive catastrophes everywhere and

Oil won’t matter then. . .there will be continual burning fire without it. Your main concern is your relationship with Jesus and whether your family and friends believe. Scoff if you want. . .but there is a final day on earth as we know it for everyone. Christians will not escape tribulation. . just look at those experiencing persecution and no one seems to care.

http://www.patburt.com/


11 posted on 06/22/2014 11:08:58 AM PDT by Maudeen ("End Times Warrior - Just a Sinner Saved by Grace")
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To: dragonblustar
Start squeezing Gore’s head.

Air does not provide energy.

12 posted on 06/22/2014 11:10:12 AM PDT by Right Brother
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To: ckilmer
Gulf oil were drilling wells all over OK and TX from the 80's well into
the 90's. Many people working those fields told me outright that the wells
were being found and capped for no apparent reason and they didn't understand it.
Most were frustrated by it also because of the assumed hyperboyle of the so called
fossil fuel myth.


In case you don't know, Fossil Fuel was a disinformation
campaign propagated
by the very same people against Coal whereas the oil was derived from
Dinosaurs and would run out. The exact opposite is true and oil does replenish itself.
How long earth pressures take to create said oil is not yet known
but it has been simulated and recreated.

13 posted on 06/22/2014 11:13:25 AM PDT by MaxMax (Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
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To: ckilmer

I’m 67. No problemo.


14 posted on 06/22/2014 11:14:59 AM PDT by morphing libertarian ( On to impeachment and removal (IRS, Taliban, Fast and furious, VA, Benghazi)!!!)
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To: ckilmer

So, when we run out of oil, won’t that pretty much solve the climate change thing?


15 posted on 06/22/2014 11:15:13 AM PDT by RG3
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To: ckilmer

The Earths Core is creating the Oil a sending it to us for free


16 posted on 06/22/2014 11:16:34 AM PDT by molson209 (Blank)
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To: ckilmer
The World Has 53.3 Years of Oil Left

I call bullsh!t on this one. I think it's 53.4 years. So there. :-P

17 posted on 06/22/2014 11:16:35 AM PDT by Alberta's Child ("What in the wide, wide world of sports is goin' on here?")
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To: dragonblustar

>>> Start squeezing Gore’s head. <<<

It would pop like a zit, and be filled with the same stuff.


18 posted on 06/22/2014 11:19:31 AM PDT by AFreeBird
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To: driftdiver

19 posted on 06/22/2014 11:20:37 AM PDT by thackney (life is fragile, handle with prayer)
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To: Alberta's Child
It doesn't really matter, because all the fields will be underwater in 35 years due to the rising seas from global warming.

-PJ

20 posted on 06/22/2014 11:22:02 AM PDT by Political Junkie Too (If you are the Posterity of We the People, then you are a Natural Born Citizen.)
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