which country has the most oil reserves?
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Started by GunterK - June 10, 2021, 10:19 p.m.

before you click the link, make your own list of oil-rich countries and rank them

I guessed wrong


By metmike - June 10, 2021, 10:34 p.m.
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Thanks Gunter!

 A wonderful, very enlightening contribution.

Related to that. Many sources tell us that crude oil will run out in just over 50 years.

Personally, I think they will keep discovering more oil as they have been telling us we are getting close to  peak oil and will run out in just XX more years............for the past 40 years. 


When will fossil fuels run out?

How many years of fossil fuels are left?




By Jim_M - June 11, 2021, 11:29 a.m.
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Imagine if Venezuela could get out of it's own way.  Instead of wondering where their next sheet of toilet paper is coming from, they would have the wealth to supply other countries with toilet paper.  

By bear - June 11, 2021, 12:41 p.m.
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when i was in grade school in the 70's, everyone said there was 40 years worth of oil left.

when i was in college in the 80's, everyone said there was 40 years worth of oil left.

today many are still saying there is 40 or 50 years worth of oil left.  we find more each decade.

it also depends on what you count as reserves.  in the 70's many did not count heavy sands or tars.

reserves is different that what is economically worthwhile.  

By metmike - June 11, 2021, 1:16 p.m.
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I believe the geologists in the oil industry give us these numbers so that the oil industry can make a case for oil to have more value.

The more of something that you have, the less you can charge for it.

If people THINK THAT it's more scarce and you will run out........you can assign a much greater value to it and charge a higher price for it because of the laws of supply/demand.

I think theres a very good chance that we have ABIOTIC oil, that's manufactured deep inside the earth from tremendous temperatures and pressures which gradually work its way towards the surface.

You noted how peak oil and reserves just keep growing. Well, we are often given estimates the supposedly incorporate additional, estimates of new discoveries that are not know right now,  based on the supposedly best information out there of what is likely still out there...............those are always too low.

Besides them covering up how much oil is really out there because the experts have a tremendous amount of skin in the game............the estimators are usually IN THE OIL BUSINESS. 

I think that if abiotic oil existed, then fossil fuels would be RENEWABLE fuels and we would have an unlimited supply. Just drill deeper to get close to the source.

For me as a scientist, thinking critically.........I know that life existed for hundreds of millions of years and you can accumulate alot of fossils from dead life in that period to make the fossil fuels. 

However, we are getting to the point where the massive amounts of fossil fuels consumed so far and additional massive and often surprising new amounts that just keep getting discovered are making it hard to explain based on just coming from the fossils of ancient life on this planet.

At what point do we start asking questions and say thing like.........ok, the math is just not adding up anymore. How could all the life that we estimate to have existed make this much fossil fuel?

There are other questions to this theory too.

The biggest one is related to how its been taught.

Often, we have a speculative theory in science that, is just that in the beginning..........a speculative theory.

In the absence of an opposing theory, the speculative one gets accepted, then after awhile is no longer seen as a theory but is taught as the proven fact...........with everybody accepting it like photosynthesis or gravity. 

But in some realms, like this one it doesn't have the same proof but after several generations of it being taught as the ONLY explanation, everybody assumes it to be proven science.

When a new, very plausible theory enters...........like abiotic oil, all the experts have already decided that all the oil is from fossil fuels and process all the new information based on what they think that they know..........and they defend fossil fuel origins of oil and attack abiotic oil theory because their minds can only see it that way..........cognitive bias programmed into their understanding of the science/geology.

Almost every book and source out there explains why fossil fuels are the source of all the FOSSIL FUELS. It's even called that.

You would have to give it a different name if we discovered much of it came from natural processes deep inside the earth. 

By metmike - June 11, 2021, 1:31 p.m.
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Deep-seated abiogenic origin of petroleum: From geological assessment to physical theory