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BP claims we have 53.3 years of oil left

By Faiming_low on 08 Jul 2014

Attached Image Okay, even if we do have 53.3 years of oil left in the world, we could actually console ourselves considering this year's estimate is a good 1.1 percent improvement over last year's estimation. Fret not, I am not mad because the yearly estimates are pretty inaccurate actually, considering that the 44.2 billion barrels of oil that USA has in reserve is a 26 percent increase over older estimates.
 
Fortunately for the petrolheads, it is very likely we won't be running out of fuel yet because according to USA Today, new technology such as horizontal drilling into an oil shale is likely to help unlock an additional 75 billion barrels from the shale formations in the Permian Basin of Texas. And great news, there are quite a few other shale oil operations in the United States that have potentially even more oil. 
 
So it is not as bad then. Very glad combustion engines still have many more years left in them!


fuel, left

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Faiming_low
Written by Faiming_low
Since young, Fai Ming has always centered his life around cars. In fact his first word was 'car' and not 'mum' or 'dad'. Aren't kids cute?



  • 1
Mustank Jul 08 2014 11:36 AM

best is no oil

then force humans to come up with new sources of energy

Kangadrool Jul 08 2014 02:48 PM

30 years back, I also heard that oil will deplete in 50 years time. Now, they say left only 53.3 years. Not bad........supply increases by 3.3 years + 30 years after 30 years.

Aaronlkl Jul 08 2014 05:03 PM

Oh that's not a bad news for me cos 50 yrs later i'm just too old to drive.

Holdenutessv Jul 08 2014 07:25 PM

Great news for those American Muscle car drivers.

  • 1
 
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