Happening!!!!! Arabs running out of oil by 2030

Fall of civilization when?
telegraph.co.uk/finance/newsbysector/energy/oilandgas/9523903/Saudis-may-run-out-of-oil-to-export-by-2030.html

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Good thing that after the world takes down the NWO and therefore has no need for the petrodollar we can begin releasing locked technology in order to take us out of the fossil fuel paradigm.

hydrogen and biogas

This is exactly why that young prince seized power and is ramming through reforms as quickly as he can; he wants to turn SA into a financial centre, rather than an oil exporter.

>X will happen by year Y
Possible but these kind of predictions usually turn out to be completely wrong.

Good news for us.

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>Fall of civilization when?
Ask Q.

Lol oil's price will be inflated in a few decades anyways. oil will be as worthless as salt

Arabs own half of the UK and France. Saudi Arabia has like 300bn worth of assets in the US alone. They're not going broke anytime soon. If anything, they're going to get richer. Arabs have continued to buy and invest abroad in industries such as real estate, tech, mining, and art.

I trained a new generation of geologists and geophysicists that Aramco sent over to the US. They aren't running out - they are changing strategy. They have more oil under the Red Sea rift zone than any of the shallow/simple wells elsewhere in the Tethys.

To add - for every drop of oil taken from an existing well there is one left behind. It's an engineering problem. Not to mention deep deposits proven by Deep Horizon (although the fucked up).

"Peak" whatever is the most nonsensical thing spouted by know-nothing retards with zero understanding of the most basic terminology.

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The us has already found more oil than anything in Saudi Arabia

We’ll be fine

Saturday

I am not screenshotting this

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Here goes nothing.

roll

I don't give a fuck about the Arabs. The West has oil up to their tits in shale.

Am I missing something? The math isn’t making sense. The Saudis use 25% of their current production to provide 50% of their electricity needs. They believe that the electrical needs will double by 2032. So they will need 50% of their oil production to provide 50% of their needs. That leaves them with 50% production to export. Why would they be importing oil then? That’s even assuming they haven’t found other methods, i.e. nuclear, solar, etc, to account for the rising demand.

We were supposed to be without oil worldwide in the 90's too. That's what I learnt in school.

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>fall of civilization
We'll be using ethanol and biogas nigger

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This. Fuck these terrorist goatfuckers.

What kind of locked technology?

Good.

Merkel has invented a ficki-ficki turbine generator and we have a neverending supply of rapefugees. Germany is not concerned about any energy shortage.

wouldn't the free market just begin to favor alternative energy sources?

Requesting the drawing of the US soldier rubbing his face with blood with a happy expression, oil field and burning tank in the back ground. I love war on his helmet.

Thanks.

Thorium cycle or other new-nuclear. Hybrid Fission-Fusion. You can basically make any hydrocarbons you want form atmospheric CO2. Proven at Oak Ridge 50+ years ago. Tritium "waste" from Thorium cycle is fuel for fusion reactors.

This is called propaganda the Middle East pays for it constantly
The whole fracking issue is COMPLETELY MADE UP by sandniggers

That took two fucking seconds.
Google shit next time.

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So Michael Rupert was right all along then and peak oil is real? If he didn't an hero he would be saying atodaso

what happens to the price of gold in a boundless cheap energy world??

The big countries know this. There's a reason we're shifting to renewable energy and it isn't for the faggy reason of climate change. It's to cripple oil and the oil exporting countries.

And this will happen within the next two or three decades. Brilliant.

There's more oil in all of North America than in the Middle East.

It's just eco hippie faggots cry assmad over some prairie-niggers and rare turtles that we can't drill for it.

the old peak oil nonsense...
will never happen...

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>2030

I need World War 3 by Friday you goddamn faggots. Starting to work on Saturday and I can't suffer through another wageslave summer but too cuck to an hero.

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seeing as you can synthesize gold in nuclear reactors, i guess it goes to near zero. Energy cost accounts for most the value of things (gold is costly to extract, as are all other resources/minerals). Things would likely be priced on their labor costs. Who know? Star Trek? Artisanal markets? Speculation is foolish for such a leap in society (Type 1 civilization)

I fucking did and couldn’t find it you fucking prick.

What did you google you piece of shit?

Yes goy, we're running out of oil. Buy now before someone else gets it.

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>May

Heard this meme before.

Let me guess, gas price will increase for a while?

Kek

>mfw albertan
feels good man, we gonna be back on top

it's abiotic, you're a moron, so are all the plebs thinking dead plants and animals didn't simply rot or were eaten by other plants animals

Bye bye Wahabi Islam.

Prepare your pride parades.

Peak oil is a myth

meaning nobody is going to run out of anything, you fucking imbecile

You're fucking retarded. They have tons of assets, but major cash flow problems. The crown prince is literally negotiating the sale of shares for the SA state oil company right this moment.

interesting, can I get some sources?

W-what state?

communism will win

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>being this retarded

More like a spoopy demon. amirite?

Good goys, keep the prices high. Supply is lower than ever!

Saudis hold their geophysical data under lock and key. Always have. Obvious reasons. They actually use it to barter for university positions for their students at our institutions.

Aramco students ended up at OK, AZ or TX (for most part). I was at one of those universities.

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Shale oil is not oil, it is kerogen, a fancy word for wax. It is a high cost, low quality substitute for oil at best. Dirty to refine and use.

you're not going to find anyone here that understands crude ratings, let alone shale ratings....or even know its origins. It's all "oil" to them.

Right...

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How peak oil is a myth ? Explain how there could infinite amount of a finite resource?

> Saudis hold their geophysical data under lock and key
I figured, just wondering how these bits of info haven't leaked. What do the estimators even lay their claim's base? Pure production numbers?

The tar found in Canada (Athabasca) is not oil, it is just that, tar. Best use is for making asphalt and tar paper. Shale oil is not oil, it is wax. Low quality and higher cost to extract, ship, refine, and use than crude oil. Natural Gas Liquids (NGL) are not oil.

we have more oil than them but making money off our natural resources is taboo in current year especially with this government.

Can you not read you stupid American Nigger? I clearly wrote Assets that generate revenue. They own the best hotels and real estate in Europe which they rent out and make a killing. Stores like Harrods in London is owned by Arabs. Shares in the biggest tech and luxury companies. A Saudi Prince owns a major stake in Twitter. Arabs also brought renewable energy based companies and have worked in R&D in preparation for the death of their Oil empire.

>we have more oil than them
Always a leaf. Bless your heart.

Why did so many of you cheat on your exams? Performance pressure from those overseeing you? 1 out of 30 of you over 4 years was actually impressive. Lucky the university protected you from getting kicked out (in accordance with academic policy) so they could keep their relationship with Aramco. The Malaysian students from Petronas were far more disciplined. No new Mustangs, Chargers, Challengers and "one of everything" at dinner for them.

One of the keys they use to use was the chemical composition of the crude oil the Saudis exported. As fields age the chemical makeup changes in a way that allows a rogh estimate of production. The Saudis however no longer export Crude oil, as all of it is now 'pre-refined' prior to shipment, so this method no longer applicable. Also, production from different fields is now blended together.

I assume you're in OK then. That's where they send their shittiest.

the problem isn't really the oil. other countries produce more.. problem is the saudis are part of the petrodollar scheme

Canada has very little oil, probably less than Venezuela. What you have a lot of is tar and NGL neither of which is oil.

then why is he so set on invading syria?

Islam. He wants Islam to rule the Arabian Peninsula, or at least Wahhabism.

>Hauting

you can hope that

>happening
>2030

the arabs will just go back to fucking goats full time, whats the big deal, most of them never stopped. the U.S. has petroleum reserves for like 500 years

At current production rates, saudi arabia have around 70-80 years worth of oil

>the US government tells me we have reserves for 500 years

surprised you are even capable of writing.

>peak oil
the whole fucking planet was supposed to be out of oil 30 years ago

>muh technology is going to save as from problems caused by our infatuation with technology and our subhuman dependence on it
>we'll solve the problem with the thing that cause the problem in the first place
>progress 4EVA!!

Attitudes like yours are so fucking retarded. Technology controls you and not the other way around; you are nothing but a subhuman slave.

>muh playing around with numbers on computers will be profitable when there are no resources

Kys retard.

Because it's not finite, retard. It is generated through an abiotic process in the mantle of the Earth. gasresources.net

You subhuman faggots waste so much energy it's unreal. You shouldn't be drilling just to blow it all in a few decades of idiocy; you should be halving your waste, at least.

>being this delusional

"Oil is gonna last forever guys; you don't need to worry about being responsible or anything, just keep stuffing your faces and indulging yourselves and everything will turn out just fine!!"

t. American subhuman landwhale with type 2 diabetes

I don't rate $54 a barrel as 'high cost'. And yeah, tar oil and shit is dirty as fuck, but I don't really care.

Technology is reducing the need for oil as a whole, so we'd need less of it over time. It's also making production of dirty oil a cleaner process. Assuming we don't go full China about our environmental policy, we're going to be more than able to sustain ourselves in a relatively clean way.

roling for eggs

And both of which can be converted into oil.

works for the UK

lads why didn't we just conquer the arabian peninsula and take the oil

It is better than letting Saudi Arabia get rich

we're pulling the chair out from under them. Saudis are rich now, but later...

Not happening. Renewable energy technology will "magically" appear once fossil fuels run out.

which requires massive energy inputs. if there is no net gain in energy what is the point?

why can't you into thermodynamics?

uncle adolf?

Who the fuck wrote that? Apparently they have no idea what reserve growth is...

This, that peninsula has an untapped ton of hydrocarbon offshore that they're only using for gas right now. They start producing heavier HC and we're buried.

vhekd

stop in the name of the law

fuck me

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It's cheap enough that we don't need to buy terrorist supporting sand nigger oil.

Are...are you retarded? Are you pretending to be an engineer? It's economical at current prices which are only going up as cheap light sweet goes the way of whatever made it on the first place.

>hey bro, should we invest these billions of dollars of oil money in infrastructure, defense and manufacturing so that we actually have an economy once our finite reserves of oil are eventually depleted?

>nah bro, let's buy fifteen gold-plated Ferraris and pay Instagram models hundreds of thousands of dollars to shit on our chests

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>I trained a new generation of geologists and geophysicists that Aramco sent over to the US.

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Only because they have leverage in respect of oil, i.e something they can bargain with. They are not industrious enough to parlay that into power.

we'll have to buy oil from Russia... tragic :)