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gamechanger2011

What Happens When the Oil Runs Out

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Very interesting article by "Oil Price."  It addresses my biggest fears and is not from an ethanol source but an oil source!  :-\

 

 

"Of greatest concern is how much oil is remaining. As noted, we currently use 30 billion barrels a year – 84 million barrels a day, or a thousand barrels every second. When it is trumpeted about some new and huge find of oil, e.g. the Tupi field off Brazil, thought to contain 8 billion barrels, in reality this is only enough to run the world for three months. Context should not be lost in these matters. The quality of the oil is also at issue. For example, much of the remaining oil is of the “heavy”, “sour” kind, meaning that it is not necessarily liquid at all, but bitumen, and contains relatively high levels of sulphur, necessitating complex and energy-intensive processing to get the sulphur out – which would otherwise be corrosive toward the steel used in the refinery – and to crack the heavier material into lighter fractions that can be used as fuel, or as feedstocks for industry."

 

 

http://oilprice.com/Energy/Crude-Oil/What-Happens-When-the-Oil-Runs-Out.html

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