According to projections, when does the crude oil is going to end?

Question

i mean the oil prices are almost about 100 dollars per barrell so its ending by now, is there any source that indicates when is it going to stop producing, i think it's by 2040, but i don't know, when do you think it's going to end?

Answer 1

Not for a long time.  It is becoming more difficult to recover, but there is still plenty of oil out there.  And after that, there is oil shale, the U.S. deposits alone contain more hydrocarbons than all of the oil reserves in Saudi Arabia.

Answer 2

i' been around for awile-and i don't believe much of what these people say-i mean how could anyone believe what these companies tell ya

Answer 3

According to Hubbard's peak, we have already reached the peak of oil production. I know that in America, we reached our domestic peak in the early 1970s and the discovery of new oil reserves have come to a standstill.

We should have been developing alternate sources of energy a looong time ago.

Answer 4

We won´t deplete all the existing oil.

What is going to happen is that the demand will be so high for a limited output that prices will hit between $200 and $250 per gallon in 2020.

After that, renewable energies will be competitive on several sectors when compared to oil. On the top of that oil has the following disadvantages:

- contribution to global warming

- no safety of supply

- geostrategic instability

- uneven distribution

- increase of wealth disparities

- pollution associated

The end of oil is getting closer and will largely depend on the scale of deployment of renewable energies by 2020-2040.