Thursday, January 7, 2010

When will the worlds oil supply run out?

when i get my V8...... nah kidding all i know is not in our lifetime but maybe our kids or grandkidsWhen will the worlds oil supply run out?
We Will Never Run Out of Oil I argue against calculations that oil will ';run out'; in some specific year:








Predictions that we will run out of oil after a certain period of time are based on an ignorance of the economic way of thinking. The typical way to estimate the number of years it will take us to run out of oil is to consider the following factors:


The number of barrels we can extract with existing technology.


The number of barrels used worldwide in a year. When will the worlds oil supply run out?
it's been estimated to be around 50 years time, which will then lead to world war 3, scary $hit.
After I'm gone
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