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Author	Topic: [Poll: 2005.44]: Over the next 10 years, will world oil reserves be enough to ...	Topic is locked Back to Topics

JT Moderator	Message Posted: Oct 22, 2005 9:01:00 PM Ignore JT Report Abuse Over the next 10 years, will world oil reserves be enough to meet the demand? Yes No Not Sure Post your thoughts about this poll below.

Moderator

Message Posted: Oct 22, 2005 9:01:00 PM

Ignore JT Report Abuse

Over the next 10 years, will world oil reserves be enough to meet the demand?
Yes
No
Not Sure

Post your thoughts about this poll below.

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Liebemich7 Veteran Author Denver Posts:354 Points:67,880 Joined:Oct 2008	Message Posted: Jan 8, 2009 12:23:56 AM Ignore Liebemich7 Report Abuse Yes
YB1234 Champion Author Twin Cities Posts:6,190 Points:1,479,575 Joined:Sep 2005	Message Posted: Jan 7, 2009 7:43:59 PM Ignore YB1234 Report Abuse Yes
YB1234 Champion Author Twin Cities Posts:6,190 Points:1,479,575 Joined:Sep 2005	Message Posted: Jan 7, 2009 7:43:50 PM Ignore YB1234 Report Abuse Yes because we will learn to use less
YB1234 Champion Author Twin Cities Posts:6,190 Points:1,479,575 Joined:Sep 2005	Message Posted: Jan 7, 2009 7:43:35 PM Ignore YB1234 Report Abuse yes, but we, need every ones help.
YB1234 Champion Author Twin Cities Posts:6,190 Points:1,479,575 Joined:Sep 2005	Message Posted: Jan 7, 2009 7:43:15 PM Ignore YB1234 Report Abuse Yes
YB1234 Champion Author Twin Cities Posts:6,190 Points:1,479,575 Joined:Sep 2005	Message Posted: Jan 7, 2009 7:43:05 PM Ignore YB1234 Report Abuse yes,the U.S. is saving our supply until OPEC runs out.
rjr54 All-Star Author Winnipeg Posts:805 Points:281,775 Joined:Feb 2005	Message Posted: Sep 4, 2008 6:13:40 AM Ignore rjr54 Report Abuse No. Even big producing fields like Ghawar in Saudi Arabia are seeing production declines. Demand will continue to outpace supply and the price will rise and rise and rise . . .
farmerjack Champion Author Phoenix Posts:3,281 Points:1,574,060 Joined:Nov 2004	Message Posted: Sep 2, 2008 7:26:27 AM Ignore farmerjack Report Abuse YES
Z51Corvette Champion Author Austin Posts:4,137 Points:803,885 Joined:Jan 2008	Message Posted: Aug 3, 2008 2:13:04 PM Ignore Z51Corvette Report Abuse Absolutely!!! Check out the video.. The Energy Non Crisis... http://video.google.com/videoplay?docid=3340274697167011147 Remember, knowledge is POWER!
Redstar5 Champion Author Baltimore Posts:16,447 Points:1,448,130 Joined:Mar 2006	Message Posted: Jul 18, 2008 7:01:52 AM Ignore Redstar5 Report Abuse Maybe. Oil production is hitting its peak with the downward curve soon to follow. All the while world demand will continue to climb - driven by China. Prices will continue to rise as the margin disappears but in theory this should force a decrease in demand eventually, something already happening in the U.S., which much later would cause prices to decline. A long expensive road ahead.
EagleEye16 Champion Author Nova Scotia Posts:3,918 Points:703,915 Joined:Jun 2007	Message Posted: Jul 5, 2008 7:10:17 AM Ignore EagleEye16 Report Abuse Yes. The price will probably be higher, but in another 10 years there should be some serious research and development in place for alternatives. I think oil consumption will gradually lower as prices get higher, subsidies are removed, and alternatives become available at an affordable price.
Panama19 Champion Author Louisville Posts:13,146 Points:1,578,425 Joined:Sep 2005	Message Posted: Jul 4, 2008 10:22:40 PM Ignore Panama19 Report Abuse yes
gasisoutrageous Champion Author Lansing Posts:4,309 Points:285,095 Joined:May 2008	Message Posted: Jul 4, 2008 9:37:18 PM Ignore gasisoutrageous Report Abuse Yeah, but production won't be
rjr54 All-Star Author Winnipeg Posts:805 Points:281,775 Joined:Feb 2005	Message Posted: Jun 5, 2008 9:58:14 PM Ignore rjr54 Report Abuse Ten years? Today reserves and production capacity are not meeting demand and the excess demand is driving prices up.
Philmar Sophomore Author Cleveland Posts:248 Points:76,475 Joined:Mar 2008	Message Posted: Jun 5, 2008 8:26:00 PM Ignore Philmar Report Abuse No
Quazar911 Champion Author Texas Posts:2,070 Points:514,305 Joined:Apr 2007	Message Posted: Mar 9, 2008 9:45:50 PM Ignore Quazar911 Report Abuse Yes
esquimau Champion Author Pennsylvania Posts:4,904 Points:1,214,070 Joined:Nov 2005	Message Posted: Feb 27, 2008 2:36:38 AM Ignore esquimau Report Abuse yes
Guido4 Champion Author Pensacola Posts:8,118 Points:1,697,210 Joined:Jun 2005	Message Posted: Feb 27, 2008 2:01:08 AM Ignore Guido4 Report Abuse I hope so...
YB1234 Champion Author Twin Cities Posts:6,190 Points:1,479,575 Joined:Sep 2005	Message Posted: Feb 19, 2008 5:22:11 PM Ignore YB1234 Report Abuse Yes because we will learn to use less
YB1234 Champion Author Twin Cities Posts:6,190 Points:1,479,575 Joined:Sep 2005	Message Posted: Feb 19, 2008 5:21:47 PM Ignore YB1234 Report Abuse yes, but we, need every ones help.
YB1234 Champion Author Twin Cities Posts:6,190 Points:1,479,575 Joined:Sep 2005	Message Posted: Feb 19, 2008 5:21:40 PM Ignore YB1234 Report Abuse yes
YB1234 Champion Author Twin Cities Posts:6,190 Points:1,479,575 Joined:Sep 2005	Message Posted: Feb 19, 2008 5:21:18 PM Ignore YB1234 Report Abuse yes,the U.S. is saving our supply until OPEC runs out.
YB1234 Champion Author Twin Cities Posts:6,190 Points:1,479,575 Joined:Sep 2005	Message Posted: Feb 19, 2008 5:21:10 PM Ignore YB1234 Report Abuse yes
throttle Champion Author Maryland Posts:7,862 Points:1,653,230 Joined:Jul 2004	Message Posted: Jan 29, 2008 11:47:54 AM Ignore throttle Report Abuse Yes, but just watch those prices!
Quazar911 Champion Author Texas Posts:2,070 Points:514,305 Joined:Apr 2007	Message Posted: Jan 28, 2008 6:01:59 PM Ignore Quazar911 Report Abuse Yes
chemist74 Champion Author Cleveland Posts:9,852 Points:1,686,585 Joined:Apr 2005	Message Posted: Jan 23, 2008 8:32:26 AM Ignore chemist74 Report Abuse Demand from Asia, especially China, will continue to increase sharply. In order for supply to be able to meet demand 10 years from now, prices will have to be much higher than they are now, thus slowing the increase in demand.
Blubberpuppy Champion Author Baltimore Posts:7,062 Points:1,023,905 Joined:Dec 2006	Message Posted: Jan 23, 2008 7:34:14 AM Ignore Blubberpuppy Report Abuse We are reaching a peak in world production soon. The demand is being met now but the prices will keep increasing as the margin dwindles.
Guido4 Champion Author Pensacola Posts:8,118 Points:1,697,210 Joined:Jun 2005	Message Posted: Dec 30, 2007 5:10:27 AM Ignore Guido4 Report Abuse Yes
thinkaboutit All-Star Author Colorado Posts:870 Points:50,010 Joined:Jul 2005	Message Posted: Nov 7, 2007 8:30:46 PM Ignore thinkaboutit Report Abuse The demand can never lastingly exceed supply. Prices will make sure that this balance is established. How high do prices have to go to change a yes vote to a no vote?
Dorkchop Champion Author Maryland Posts:2,361 Points:924,080 Joined:Dec 2006	Message Posted: Nov 7, 2007 8:33:47 AM Ignore Dorkchop Report Abuse The reserves may meet demand but the price will be tremendously high. The industry is rapidly approaching peak oil, so with rising demand, the price will skyrocket.
Slyguy1060 Champion Author Michigan Posts:6,530 Points:1,254,275 Joined:Feb 2007	Message Posted: Nov 2, 2007 3:53:42 AM Ignore Slyguy1060 Report Abuse not sure
Firehawk Champion Author Maine Posts:5,054 Points:1,120,975 Joined:Apr 2005	Message Posted: Nov 2, 2007 3:49:02 AM Ignore Firehawk Report Abuse Yes
Guido4 Champion Author Pensacola Posts:8,118 Points:1,697,210 Joined:Jun 2005	Message Posted: Nov 2, 2007 3:43:46 AM Ignore Guido4 Report Abuse Yes
GasXing Champion Author Grand Rapids Posts:4,638 Points:981,325 Joined:May 2007	Message Posted: Oct 18, 2007 9:55:11 PM Ignore GasXing Report Abuse Unsure. Who has the record books to tell how much oil that there is in the world right now?
abarbee Sophomore Author Austin Posts:132 Points:41,645 Joined:Aug 2007	Message Posted: Sep 10, 2007 9:58:45 AM Ignore abarbee Report Abuse Thanks thinkaboutit I forgot about the oil fields that had to be abandoned in Venezuela and the Former Soviet Union, not to mention that in Africa which is where a majority of oil comes from as it has alot of rigs located there but the workers for the oil companies are kidnapped ALOT as the local peoples demand that the oil companies give more money for the land and oil they are using.
thinkaboutit All-Star Author Colorado Posts:870 Points:50,010 Joined:Jul 2005	Message Posted: Sep 7, 2007 11:28:58 AM Ignore thinkaboutit Report Abuse The oil majors, including Exxon Mobil, were unable to increase their production in recent years (not counting mergers or acquisitions). In the old days, they said the price was too low to warrant investment into new exploration. Now, they say it is because of no good prospects are left in "friendly" territories, and breached contracts (e.g., Venezuela, former Soviet Union) in other regions. They will be selling oil (and other stuff like biofuels) in 2030, but less than in 2007!
doogins Champion Author Indiana Posts:6,237 Points:1,221,860 Joined:Jul 2004	Message Posted: Sep 7, 2007 10:20:20 AM Ignore doogins Report Abuse ask the arabs
abarbee Sophomore Author Austin Posts:132 Points:41,645 Joined:Aug 2007	Message Posted: Sep 7, 2007 10:04:47 AM Ignore abarbee Report Abuse Exxon says we have enough oil to pass the year 2030, however I wonder exactly how much of that is able to be obtained from the ground and processed easily (you know how "SWEET" it is) as that will cause the price to go up.
DrWhy Champion Author Los Angeles Posts:1,689 Points:438,870 Joined:May 2004	Message Posted: Sep 7, 2007 9:41:12 AM Ignore DrWhy Report Abuse y
throttle Champion Author Maryland Posts:7,862 Points:1,653,230 Joined:Jul 2004	Message Posted: Sep 7, 2007 9:29:59 AM Ignore throttle Report Abuse yes...but just watch the price!
FogCitySpotter Champion Author San Francisco Posts:1,422 Points:236,145 Joined:Apr 2007	Message Posted: Sep 7, 2007 8:01:21 AM Ignore FogCitySpotter Report Abuse Yes. The move to alternative engery sources will help.
imlefty Champion Author Maine Posts:13,992 Points:1,478,560 Joined:Jun 2005	Message Posted: Sep 7, 2007 7:29:33 AM Ignore imlefty Report Abuse yes, but at what price?
april4 Champion Author Virginia Beach Posts:7,232 Points:1,436,375 Joined:Oct 2005	Message Posted: Sep 7, 2007 4:56:24 AM Ignore april4 Report Abuse Yes
bobnks Champion Author Kansas City Posts:6,220 Points:1,238,265 Joined:May 2004	Message Posted: Aug 31, 2007 3:48:19 AM Ignore bobnks Report Abuse yes but prices will be higher
Guido4 Champion Author Pensacola Posts:8,118 Points:1,697,210 Joined:Jun 2005	Message Posted: Aug 31, 2007 3:38:38 AM Ignore Guido4 Report Abuse I believe so
impala1 Champion Author Twin Cities Posts:8,366 Points:2,175,600 Joined:Feb 2003	Message Posted: Aug 30, 2007 10:59:28 AM Ignore impala1 Report Abuse Yes
april4 Champion Author Virginia Beach Posts:7,232 Points:1,436,375 Joined:Oct 2005	Message Posted: Aug 30, 2007 10:09:51 AM Ignore april4 Report Abuse Yes
Quazar911 Champion Author Texas Posts:2,070 Points:514,305 Joined:Apr 2007	Message Posted: Aug 30, 2007 5:30:44 AM Ignore Quazar911 Report Abuse Yea, I think so
buddydill Champion Author Kentucky Posts:5,120 Points:1,501,765 Joined:Jun 2005	Message Posted: Aug 18, 2007 4:06:10 AM Ignore buddydill Report Abuse yes
buddydill Champion Author Kentucky Posts:5,120 Points:1,501,765 Joined:Jun 2005	Message Posted: Aug 14, 2007 1:16:48 PM Ignore buddydill Report Abuse yes