UAE oil minister says price spikes "crazy"

PeriscopeDepth · 06-10-08, 11:56 PM

I really do wonder how long it will take before we run out of oil. Scary stuff. Estimates are all over the place.

PD

JetSnake · 06-11-08, 12:44 AM

Quote:

Originally Posted by PeriscopeDepth

I really do wonder how long it will take before we run out of oil. Scary stuff. Estimates are all over the place.

PD

75% of the earth is covered with water. Areas heavily exploited are on land. It is just more difficult and expensive to get the oil from 20000 feet below sea level. There is alot out there. The stuff to easily extract will run out first.

STEED · 06-11-08, 06:52 AM

Phase one squeeze the people, here in the UK it's working as petrol stations has seen a 0.5 down turn on sales. It's all part of eking it out to the last drop. There is no solution to what will replace oil and that is a fact, in the mean time if your rich your not affected yet.

06-11-08, 06:52 AM	#3
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	Phase one squeeze the people, here in the UK it's working as petrol stations has seen a 0.5 down turn on sales. It's all part of eking it out to the last drop. There is no solution to what will replace oil and that is a fact, in the mean time if your rich your not affected yet. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

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06-10-08, 11:56 PM	#1
PeriscopeDepth Sea Lord Join Date: Jul 2002 Location: Pacific NW Posts: 1,894 Downloads: 6 Uploads: 0	I really do wonder how long it will take before we run out of oil. Scary stuff. Estimates are all over the place. PD