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Is the era of oil nearing its end?

The Kansas City Star -- WASHINGTON -- After nearly a decade of warnings that the world's oil supply was running out, Americans now are hearing about technology breakthroughs that can unlock vast U.S. deposits of natural gas, help reverse a 40-year slide in domestic oil production and perhaps transform America into the next Middle East.

But despite the euphoria, there's a major problem: The looming American oil glut may simply not be enough to sate the United States and the rest of motorized humanity.

Experts say soaring demand from China and India is sure to send oil prices back above $100 a barrel. A supply disruption in the coming years, they say, could trigger panic, gasoline hoarding and perhaps lead to lines at the pumps akin to the 1973 Arab oil embargo and the 1979 Iranian revolution.

Global shortfalls


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Submitted Aug 13, 2012 By: angel4me
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Is the era of oil nearing its end? Back to Topics
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fajeff01
All-Star Author Atlanta

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Message Posted: Aug 13, 2012 10:10:20 PM

YES!
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FuelishGuy
Champion Author Edmonton

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Message Posted: Aug 13, 2012 9:56:14 PM

If the emerging countries (China & India) want more oil, I say let them have it. We should switch over to CNG now.
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NHLiveFree
Champion Author New Hampshire

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Message Posted: Aug 13, 2012 9:39:11 PM


I only hope the era of the Big Oil and Big Coal robber barons would end. It is time for more ethics amongst executives in the entire Energy industry. Those in the USA should lead the way rather than drag it down further.
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jimgraham
Champion Author Akron

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Message Posted: Aug 13, 2012 4:18:21 PM

Not for a while, but we should make it gone ASAP.
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JimL1
Champion Author Phoenix

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Message Posted: Aug 13, 2012 3:26:29 PM

We still need to find a way to do with much less oil. DUH!
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night_raider
Rookie Author Tennessee

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Message Posted: Aug 13, 2012 1:12:39 PM

we have made ourselves slaves to oil, we should have been much further along to moving on than we are now.
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efwosu
Veteran Author Columbus

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Message Posted: Aug 13, 2012 1:05:53 PM

We should pursue wind and solar, but not at the expense of bankrupting the country. Let the free economy develop the technology and it will work. If the government continues to try and force the issue, it will never work.
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GAS1251
Champion Author Texas

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Message Posted: Aug 13, 2012 12:52:01 PM

Probably the same fear-mongers that told us global warming would melt the polar ice and flood the coastal cities by 2010.
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snappytom2
Champion Author Corpus Christi

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Message Posted: Aug 13, 2012 12:50:13 PM

Not in my lifetime. By the way, the Greeks had plenty of trees surrounding Athens until they woke one day to find the Athenian hill barren.
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fatboy97
Champion Author Twin Cities

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Message Posted: Aug 13, 2012 12:31:22 PM

Never... it will continue until we are close to being out.
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GatorGuy
Champion Author Columbia

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Message Posted: Aug 13, 2012 12:02:47 PM

Ha, not hardly.
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bikechuck
Champion Author Indianapolis

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Message Posted: Aug 13, 2012 11:09:20 AM

The increasing cost of gas will be a stimulus for alternative energy sources to be developed, as it is doing now. There is time to do that, why the rush to do it immediately at any cost?
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TheMeltz
Champion Author Maryland

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Message Posted: Aug 13, 2012 11:07:12 AM

ok
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nru
Champion Author Twin Cities

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Message Posted: Aug 13, 2012 11:06:12 AM

hundreds of years supply left - history only repeats (see whale oil - they thought they had hundreds of years left) - why do we want to support the terrorists in any way mean or form - let them drink their oil - get the USA on fuel that we can produce nationally and no longer be dependant on Dubai based corporations who are not benefiting our economy and threatening our lives.
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ciimike
Champion Author Nevada

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Message Posted: Aug 13, 2012 11:04:58 AM

It is getting nearer every day, however, it will be around for years to come. It will take a couple of generations before alternative fuel sources take precedence.
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Lilly02
Champion Author Rockford

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Message Posted: Aug 13, 2012 11:02:47 AM

Natural gas is the way to go.
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rhughes1691
Sophomore Author Seattle

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Message Posted: Aug 13, 2012 11:02:41 AM

breaking news, the sun is destined to burn up all it's fuel and in the future will "go out", Americans are warned to stockpile heat and light in preparation.
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ScottTee
Champion Author Detroit

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Message Posted: Aug 13, 2012 11:01:42 AM

not in my lifetime, no.
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ysmc
Champion Author Providence

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Message Posted: Aug 13, 2012 11:00:48 AM

propaganda and lies based on unrestrained greed
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YodaON
Champion Author Ottawa

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Message Posted: Aug 13, 2012 11:00:42 AM

not soon
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F250CA
All-Star Author Oakland

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Message Posted: Aug 13, 2012 10:59:18 AM

Well said
Grampa
we have thousands of years of oil. The oil fields are refilling the whole thing is a con-job... Greed and the stock market...
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F250CA
All-Star Author Oakland

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Message Posted: Aug 13, 2012 10:58:07 AM

in possable
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DarthDadJr
Champion Author Virginia

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Message Posted: Aug 13, 2012 10:57:17 AM

Obviously the answer is no...but the real question is have we reached the peak of production and are we now on the downward slope of production...this is where the discussion is and there is no agreement yet.
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Grampax4
Champion Author British Columbia

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Message Posted: Aug 13, 2012 10:55:06 AM

we have thousands of years of oil. The oil fields are refilling the whole thing is a con-job... Greed and the stock market...
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tes283
All-Star Author Tampa

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Message Posted: Aug 13, 2012 10:51:19 AM

So we have hundreds of years left, we should still get off the oil to save the Earth.
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Car54BC08
Champion Author British Columbia

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Message Posted: Aug 13, 2012 10:49:54 AM

Switching to cleaner natural gas is the way to go
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NotmeuQc
Champion Author Montreal

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Message Posted: Aug 13, 2012 10:49:38 AM

Oil will always be there, at least in my lifetime, but natural gas could be used more than oil in the next 5 to 10 years.
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MTPokts
Champion Author Indianapolis

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Message Posted: Aug 13, 2012 10:48:33 AM

So tell me, are these the same idiots that were forecasting $5 this summer?
Sounds like the same alarmists.
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sciotosix
Champion Author Dayton

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Message Posted: Aug 13, 2012 10:47:36 AM

It will be a long time before that happens here.
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tidalwave3
Champion Author Tallahassee

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Message Posted: Aug 13, 2012 10:47:19 AM

Heard that before
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mackconsult
Champion Author Portland

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Message Posted: Aug 13, 2012 10:46:55 AM

I hope not .... I have so much stuff that still uses petrol
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lll4386
Champion Author Seattle

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Message Posted: Aug 13, 2012 10:46:18 AM

OK
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chyguy3
Champion Author Wyoming

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Message Posted: Aug 13, 2012 10:45:52 AM

Man, what a bummer, living in KC and reading this downer all the time.
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Gascapade
Champion Author Fort Worth

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Message Posted: Aug 13, 2012 10:45:21 AM

Hell yeah, and the sooner the better...
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bobzilla11
Champion Author Indiana

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Message Posted: Aug 13, 2012 10:44:42 AM

go solar!
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bluebird1
Champion Author Toronto

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Message Posted: Aug 13, 2012 10:44:19 AM

No, its coming but not 'near' yet!!!
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KhelbenArunson
Champion Author Michigan

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Message Posted: Aug 13, 2012 10:43:35 AM

Those experts are being paid to spin it.
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bra0712
Champion Author Arizona

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Message Posted: Aug 13, 2012 10:43:21 AM

No
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VernonOR
Champion Author Oregon

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Message Posted: Aug 13, 2012 10:43:00 AM

Scare tactics, alternative energies is the way to go.
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wulf2000
Champion Author Miami

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Message Posted: Aug 13, 2012 10:42:19 AM

Another article that the country is running out of energy.
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91Hilux
Champion Author New Haven

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Message Posted: Aug 13, 2012 10:41:08 AM

This article is garbage. "Oil", and all things related to it will never end. Ethanol, algea, bio-diesels are coming into the market, but as man-made replacements for old-fashioned oil.

Oil will still be used to lubricate, preserve, etc. even if we're not burning it.
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FedupwithGreed
Champion Author Victoria

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Message Posted: Aug 13, 2012 10:40:54 AM

NO
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LuthierKS
Champion Author Wichita

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Message Posted: Aug 13, 2012 10:38:58 AM

This is a propaganda article for the so-called "green" industry. I hope it's in the opinion section and not the news section of the paper.
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bicycler
Champion Author Ontario

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Message Posted: Aug 13, 2012 10:38:33 AM

Good questiun. It does look grim for oil/gas
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Blazer197
Champion Author New Haven

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Message Posted: Aug 13, 2012 10:38:23 AM

Did Al Gore write this??
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checkitnow
Champion Author Atlanta

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Message Posted: Aug 13, 2012 10:36:26 AM

this article is a complete lie.. there is a single oil shale deposit under wyoming and utah that if only 50% recoverable is more oil than all the proven reserves in the world today. its like reporters do not actually know facts nowadays...
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Fitwit
Champion Author Stockton

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Message Posted: Aug 13, 2012 10:36:05 AM

I believe we will have olive oil for the rest of our years on earth and on into eternity.
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kelly1016
Champion Author Victoria

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Message Posted: Aug 13, 2012 10:34:18 AM

The role of oil in our economy will diminish over time but never completely disappear
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Don20
Champion Author Oklahoma City

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Message Posted: Aug 13, 2012 10:33:44 AM

The Kansas City Star -- WASHINGTON -- After nearly a decade of warnings that the world's oil supply was running out, Americans now are hearing about technology breakthroughs that can unlock vast U.S. deposits of natural gas, help reverse a 40-year slide in domestic oil production and perhaps transform America into the next Middle East.

There seem to be something wrong with that statement, according to USGA we have known reserve oil enough to last the United States for four thousand years. Do you think anyone here now will care.. It all has to be scare tactics to get people brain washed to accept high gas price or go to some other energy source so that the politicians can make their money on investments..
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CorvairHaven
Champion Author Cleveland

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Message Posted: Aug 13, 2012 10:33:14 AM

There is plenty of oil--- centuries worth.

Get rid of Chicken Little!
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