Please provide your source on this. Everywhere I go, like the United States Geological Survey and Department of Energy all state approx 21 billion barrels. And to correct you, proven reserves are not necessarily fields we are using or are bringing on line,
I don’t know where you get 50 years of reserves, the published reserve life for the United States is 12 years.
This is an excerpt from an article by Dr, Bill Kovarik
Ever since the world's first commercial oil wells opened in the US and Russia in the 1850s, the question of future supply has been a matter of controversy.
Today many people take for granted that oil production has peaked and that no substantial new amounts of oil are possible to develop.
These pages present a contrary view based on the idea that oil reserve figures have not been presented honestly by the US and European oil industry. This is not to say that oil won't run out some day, but rather that the usually uncounted reserves are far larger than are generally known.
To begin with, one of the most revealing speeches about world oil reserves went unremarked in 2006. The head of the world's largest oil company, Saudi Aramco, said:
“We are looking at more than four and a half trillion barrels of potentially recoverable oil. That number translates into 140 years of oil at current rates of consumption, or to put it anther way, the world has only consumed about 18 percent of its conventional oil potential. That fact alone should discredit the argument that peak oil is imminent and put our minds at ease concerning future petrol supplies.”
What does it mean? Why does his view of world reserves conflict so dramatically with the oil industry's view?
Probably most important for world oil policy, the Middle East does not necessarily have two thirds of all world oil reserves, as has long been claimed by the oil companies and the US Dept. of Energy. It only has two thirds of "proven" oil reserves which are far smaller than the potential reserves Jum'ah describes.
According to a US Geological Survey report quietly published in 2000, there is more oil outside the Middle East than inside the region. Certainly two thirds is not at all accurate -- It's 54 percent of identified reserves, possibly 40 percent of ultimately recoverable reserves, and possibly 30 percent or less if you include unconventional heavy oil fields.
As Standard Oil executive Wallace Pratt said in 1944, it is a "fallacy ... [to] cite proved reserves as a measure of available future supplies." Yet this is exactly what has animated US policy in the Middle East.
Dr. Kovarik wrote this article that I have excerpted, he serves as an academic representative on the board of directors of the Society of Environmental Journalists and on the editorial board of Appalachian Voice.
This from next energy news:
In the next 30 days the USGS (U.S. Geological Survey) will release a new report giving an accurate resource assessment of the Bakken Oil Formation that covers North Dakota and portions of South Dakota and Montana. With new horizontal drilling technology it is believed that from 175 to 500 billion barrels of recoverable oil are held in this 200,000 square mile reserve that was initially discovered in 1951. The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present but with prices bottoming out at $10 a barrel back then the report was dismissed because of the higher cost of horizontal drilling techniques that would be needed, estimated at $20-$40 a barrel.
Me writing again
Actual oil reserves are kept highly secret and are never published. Estimates are made but rarely do nations advertise what they have. They either over estimate or under estimate what they have for political, financial, and security reasons. We have known about the oil in the Dakotas since before I was born but it has never been added to our official reserve list the same is true with the oil off the coast of Florida and California, both states have stopped and blocked drilling there. Canada is more open and has admitted to only 150 years of reserves but that number is low by at least a factor of two. I am just listing published stuff not super secret “I know but can’t tell you” stuff. It is out there if you look.
Once again, where did you get this "200 year" number from exactly? That would mean a minimum of 1.3 TRILLION barrels of oil, currently Saudi Arabia only has 260 billion barrels!
I repost this:
The head of the world's largest oil company, Saudi Aramco, said:
“We are looking at more than four and a half trillion barrels of potentially recoverable oil. That number translates into 140 years of oil at current rates of consumption, or to put it anther way, the world has only consumed about 18 percent of its conventional oil potential. That fact alone should discredit the argument that peak oil is imminent and put our minds at ease concerning future petrol supplies.”
No, this problem has very little to do with legislation.
To build a refinery you need ten years from the time you start the paper work to the time you can start building. It then takes five to seven years to build it, then five to six months to refine the first drops of oil.
If there is a legal challenge like not in my back yard, or the endangered snow flea might be harmed. Every thing comes to a halt until the challenges are resolved.
Environmental laws require millions of dollars of studies to prove it is save to the environment.
When you go nuclear, the Congress has so many restrictions that it takes 20 years to get approval to build and then you have to deal with the legal challenges.
Proof of this problem. In the last 30 years not one new oil refinery has been built in the U.S., not one new nuclear power plant has been built. How can you say that legislation is not the cause of our high fuel prices? In the Dakotas there is known oil there, the new estimates go as high as 500 billion barrels of oil, with the technology of the 70’s it was not profitable to get the oil because it would cost double or triple the cost on the open market at 30 dollars a barrel. Now that is a bargain! Why have the oil companies not started drilling? They have known it was there for 57 years what is stopping them? How about the laws written by congress has stopped them. If you can get the oil at a cost of 30 a barrel and sell it for 100 a barrel you are looking at a lot of money, 500 billion times 100. Are you seriously saying they are sitting on that oil to keep the price high?
Even with the windfall profits tax it is profitable to drill there.
I'm afraid this illustrates your ignorance as to just how far the electric car has come in development. GM has a working model (actually they had a test line they ran in the mid 90's!) and plans to have a mass produced model on the market by 2010 (Assuming they don't go belly up!)
January 2008
For both the plug-in and series hybrids, GM says the timeline for commercializing the vehicles will depend on the development of the battery systems. But such systems may not be far off. GM representatives say that they have already seen lithium-ion cells that have the performance required for both plug-in and series-hybrid applications. What remains to be done is to combine these cells into large, complex battery packs and make sure they work well together in an actual vehicle. Last week, GM announced that it has a contract with two sets of companies for building lithium-ion-based battery packs and control systems for plug-in hybrids.
Me again
Yes, the concept vehicle is out and they hope to have production started in 2 years but as of right this minute they are still working on getting the batteries designed and commercially built as well as control systems. A prototype is not the same as a production vehicle. The difference between what you believe and what I believe is three years. You say 2010 I say 2013, split the difference and smile.
and the Tesla Roadster already surpasses all the benchmarks you've listed for 'coming of age' and is on the market now, only it's a tad expensive for the average joe.
Those weren’t my benchmarks they were facts of vehicles that are already on the market. If you go to Green vehicles you will see all of what I wrote, I found it after I wrote what I wrote because these are 3 year old facts, I am disappointed that they have not improved in the last 3 years.
As to the "battery pollution" nonsense, it's already been nailed down that your average battery pack with today's technology should be good to approx 100,000 miles before requiring replacement, and that too will get better with time.
I think you missed my point here. The town in Canada that mines most of the nickel used for batteries has been declared an environmental disaster area. The ore is sent by ship burning diesel fuel to be refined in china, and then sent to Japan to be made into batteries. Those batteries are then shipped to manufacturing companies around the world to be installed. After 10 years those batteries have to be disposed of causing another environmental problem.
Some guy without a life figured out that the manufacture and ten year life of an internal combustion engine pollutes less than the manufacture of the batteries. And when you add in the disposal of the batteries it is even less environmentally friendly. Will it save gas? Yes! If that is your sole concern then you are correct but the over all problem of the batteries is worse than the pollution of the car it is supposed to replace.