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Page added on September 30, 2015

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We Were Supposed to Run Out of Oil This Year

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According to a 1975 report by petroleum industry experts, the United States was set to be completely independent of Mid East oil by 2015. So was every other country on Earth, “because, statistically, that will be the year the last barrel of oil is pumped from the last well on Earth.”

This prediction came from a September 28, 1975 article in the Brownsville Herald that was syndicated by the UPI and printed in newspapers around the country — and it wasn’t written by some lunatic, either. That paper got its figures from 1975 International Petroleum Encyclopedia, updated and published (at the time) annually by the Petroleum Publishing Co., which seems to have been the go-to oil trade publication of the time.

All this talk about when we’d run out of oil made me think back to the earlier days of Gas 2 and conversations about “peak oil.” Peak oil is the point when the maximum rate of extraction of petroleum is reached, and after which the rate of production can only decline — and we talked about it a lot. We were expected to hit peak oil last year, by the way, and our society is set to collapse any day now because of it.

 

So, When Will We Run Out of Oil?


wait-what

Nobody has a clue, and even that Kuwaiti research team that was worried about peak oil happening in 2014 said peak might come in 2050, or might come never, as the world’s energy demands change and large emerging markets like China begin to clamp down on pollution and vehicle emissions.

Not having a clue has never stopped us from getting worked up about topics before, though!

Gas2



8 Comments on "We Were Supposed to Run Out of Oil This Year"

  1. apneaman on Wed, 30th Sep 2015 7:06 pm 

    Well gooooly, it’s just a gosh darn a head scratchin conundrum. Better to not pay no never mind. Let them smart oil fellers figure it out. I got me a Dale Earnhardt jr blooper video I’m fixing to watch.

  2. BC on Wed, 30th Sep 2015 7:20 pm 

    https://www.youtube.com/watch?v=jSpBwt4hFN8

    For apnea. 😀

  3. Apneaman on Thu, 1st Oct 2015 2:24 am 

    Such innocence.

  4. rockman on Thu, 1st Oct 2015 7:12 am 

    “According to a 1975 report by petroleum industry experts, the United States was set to be completely independent of Mid East oil by 2015. So was every other country on Earth, “because, statistically, that will be the year the last barrel of oil is pumped from the last well on Earth.” No “oil expert” made such a prediction. There weren’t even many idiots around in 1975 that made such a claim. The Brownsville Herald is published in the border town of Brownsville, Texas. Brownsville is the asshole end of S Texas…an opinion shared by many of the residents there. LOL.

    “…said peak might come in 2050, or might come never, as the world’s energy demands change and large emerging markets like China begin to clamp down on pollution and vehicle emissions.” I actually have no words to respond to such a level of ignorance.

  5. marmico on Thu, 1st Oct 2015 10:51 am 

    No “oil expert” made such a prediction

    Hubbert did. 1250 trillion barrels of global extraction and 200 trillion barrels of U.S. extraction went by the way side in and around 2010.

    FYI, POD is bull shit. It means whatever a mud logger wants it to mean, which means that it is meaningless.

  6. GregT on Thu, 1st Oct 2015 11:39 am 

    “FYI, POD is bull shit. It means whatever a mud logger wants it to mean, which means that it is meaningless.”

    Just because you don’t have the mental capacity to understand something that is so painfully obvious to so many others, does not make it “bull shit” marmi. You are doing nothing more than make yourself look like a complete idiot.

  7. Bob Owens on Thu, 1st Oct 2015 2:57 pm 

    Nothing like projecting something 40 years into the future and then have some Author reference it like it is the Bible. Geeze! Here is my prediction for some Author in the future: 40 years from now everyone who reads this today will be dead. Guess what? I will probably be 100% right. Take that, future Author.

  8. rockman on Fri, 2nd Oct 2015 7:45 am 

    Greg – Don’t let marm bait you: he understands the POD as well as I do. And I’m pretty sure everyone here knows that Hubbert never predicted we would “run out of oil”. Just another baiting effort. For some getting even negative attention is better than being ignored. I have a miniature schnauzer with the same affliction: scratches the carpet when being ignored. Those dogs are sweet but true attention whores. LOL

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