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No More Overseas Travel? - Running out of oil? 1-Nov-2007 At 1:57:38 PM jackb

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I said "Oil reserves are expected not to last past 2050 even if we curbe our growing use of it"

Cruze said "From what I can gather, I don't think that the relevant fractions of crude oil are in short supply - or will be in the foreseeable future."

If you add up the estimated amounts of crude oil reserves (that that can be extracted in an economical way) and devide it by the worlds current yearly consumption. Then you get a date at somewhere between 2040 and 2050. I think that is a foreseeable year.

This doesnt take into account future discoveries of oil reserves. Unfortunately the last major discovery of an oil reserve was by a norweigen company. The amount they found would last for ten days at the current rate the world consumes oil. In the past decade or so there hasnt been a larger discovery.

Even if more is found the estimated time our reserves would last doesnt take into account the growing demands for oil which would bring this date down into the 2030's.

This info comes from "the Solar Economy" by Dr Hermann Scheer . He is responsible for pushing the German government in the direction of renewable energy.