BP says Oil Resources to run out in 53.3 Years

MightyMouseTech · 07-03-2014, 02:14 PM

http://www.worldcarfans.com/11407037...ccording-to-bp

Interesting.....

Quote:

A study issued by BP says the world's oil resources will end in 53.3 years based on the current extraction rate.

Sooner or later we will squeeze the last drop of oil Earth was blessed with but that will happen in roughly five decades from now if we were to believe a study published by BP. They estimate oil resources right now stand at 1,687.9 billion barrels which represents a 1.1 percent improvement compared to 2013's estimations.

KingOfJericho · 07-03-2014, 02:42 PM

Would have been a lot more if they hadn't spent 87 days pumping it into the Gulf of Mexico...

Year's_End · 07-03-2014, 03:34 PM

Quote:

Originally Posted by KingOfJericho

Would have been a lot more if they hadn't spent 87 days pumping it into the Gulf of Mexico...

Heh.

son_of_siggy · 07-03-2014, 04:56 PM

Scary thought, though I'm a little weary of the source, as they have every incentive to get oil prices hiked.

Malibu1 · 07-03-2014, 05:24 PM

I am glad that the US burns everyone elses oil first. Just getting our pumps on line in the Midwest so we can charge 1000 a barrel as we export to the middle east in a couple more years.

pukicabuki · 07-03-2014, 05:32 PM

Quote:

Originally Posted by KingOfJericho

Would have been a lot more if they hadn't spent 87 days pumping it into the Gulf of Mexico...

Meeni · 07-03-2014, 07:50 PM

Quote:

Originally Posted by son_of_siggy

Scary thought, though I'm a little weary of the source, as they have every incentive to get oil prices hiked.

Yes, but they also have a very strong incentive to have there shareholders not believe they are the buggy wip industry of tomorrow.

F1Venom · 07-03-2014, 09:25 PM

53 years? I think they'll figure out to how to make fun cars with other types of fuel a few decades from now. Auto enthusiasts will always be around.

See5 · 07-03-2014, 09:28 PM

I guess. They always manages to find more wells though.

son_of_siggy · 07-03-2014, 10:26 PM

Quote:

Originally Posted by Meeni

Yes, but they also have a very strong incentive to have there shareholders not believe they are the buggy wip industry of tomorrow.

Yeah, but if oil is going to really run out then it's unavoidable for them right? If what you're selling is finite then what alternative do you have but to try and raise the price while it lasts?

Crimson92 · 07-04-2014, 01:17 AM

I guess that's fine with me. Won't be driving much when I'm 83.

DieGrüneHölle · 07-04-2014, 01:34 AM

Won't we be driving flying cars by then that run on urine?

P1 · 07-04-2014, 06:21 PM

I better get the most fuel inefficient car I can find, since I might not be able to enjoy a petrol fueled vehicle when I'm 90.

Chihuahua · 07-04-2014, 08:14 PM

I'm not surprised, nor worried. Most cars will be fully electric by then, and synthetic gasolines have been in development for years already.

07-03-2014, 02:42 PM	#2
KingOfJericho Major General 2458 Rep 7,341 Posts Drives: Yes Join Date: Aug 2007 Location: CT iTrader: (1) Garage List 2010 135i Coupe [5.26]	Would have been a lot more if they hadn't spent 87 days pumping it into the Gulf of Mexico... __________________ The views and opinions expressed in this post are those of the author and do not necessarily reflect the official policy or position of Bimmerpost. 2018 Jeep Grand Cherokee High Altitude Hemi \| 2010 S4 Sold \| 2010 BMW 135i Retired \| 2006 Lotus Exige Sold
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07-03-2014, 04:56 PM	#4
son_of_siggy Lieutenant 17 Rep 432 Posts Drives: CTS-V Join Date: Jul 2011 Location: United States iTrader: (0)	Scary thought, though I'm a little weary of the source, as they have every incentive to get oil prices hiked.
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07-03-2014, 05:24 PM	#5
Malibu1 First Lieutenant 42 Rep 313 Posts Drives: Charger HC, Backdraft Cobra Join Date: Nov 2010 Location: Washington State iTrader: (2)	I am glad that the US burns everyone elses oil first. Just getting our pumps on line in the Midwest so we can charge 1000 a barrel as we export to the middle east in a couple more years. __________________ Currently own: 1965 Backdraft Cobra Replica, 2013 SVT Raptor, 2020 Charger Hellcat, 1967 Olds
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07-03-2014, 09:25 PM	#8
F1Venom Banned 76 Rep 961 Posts Drives: ZCP E90 M3 Join Date: Apr 2013 Location: USA iTrader: (0)	53 years? I think they'll figure out to how to make fun cars with other types of fuel a few decades from now. Auto enthusiasts will always be around.
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07-03-2014, 09:28 PM	#9
See5 BMW Fan 467 Rep 728 Posts Drives: Nothing Join Date: Jul 2011 Location: Atlanta iTrader: (0)	I guess. They always manages to find more wells though.
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07-04-2014, 01:34 AM	#12
DieGrüneHölle Colonel 1309 Rep 2,785 Posts Drives: M Join Date: Nov 2011 Location: bmw iTrader: (0)	Won't we be driving flying cars by then that run on urine?
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07-04-2014, 06:21 PM	#13
P1 Lieutenant General 11735 Rep 11,191 Posts Drives: 2004 3/4 ton Duramax Join Date: Aug 2007 Location: United States iTrader: (1)	I better get the most fuel inefficient car I can find, since I might not be able to enjoy a petrol fueled vehicle when I'm 90.
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07-04-2014, 08:14 PM	#14
Chihuahua Brigadier General 4478 Rep 3,366 Posts Drives: E30 329iS, E65 Alpina B7 Join Date: May 2012 Location: TBD iTrader: (0)	I'm not surprised, nor worried. Most cars will be fully electric by then, and synthetic gasolines have been in development for years already.
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