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Is the era of oil nearing its end?

The Kansas City Star -- WASHINGTON -- After nearly a decade of warnings that the world's oil supply was running out, Americans now are hearing about technology breakthroughs that can unlock vast U.S. deposits of natural gas, help reverse a 40-year slide in domestic oil production and perhaps transform America into the next Middle East.

But despite the euphoria, there's a major problem: The looming American oil glut may simply not be enough to sate the United States and the rest of motorized humanity.

Experts say soaring demand from China and India is sure to send oil prices back above $100 a barrel. A supply disruption in the coming years, they say, could trigger panic, gasoline hoarding and perhaps lead to lines at the pumps akin to the 1973 Arab oil embargo and the 1979 Iranian revolution.

Global shortfalls

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Submitted Aug 13, 2012 By: angel4me

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fajeff01 All-Star Author Atlanta Posts:652 Points:1,320,340 Joined:Jan 2005	Message Posted: Aug 13, 2012 11:10:20 PM Ignore fajeff01 Report Abuse YES!
FuelishGuy All-Star Author Edmonton Posts:796 Points:924,560 Joined:Oct 2008	Message Posted: Aug 13, 2012 10:56:14 PM Ignore FuelishGuy Report Abuse If the emerging countries (China & India) want more oil, I say let them have it. We should switch over to CNG now.
NHLiveFree Champion Author New Hampshire Posts:11,083 Points:1,621,355 Joined:Jun 2008	Message Posted: Aug 13, 2012 10:39:11 PM Ignore NHLiveFree Report Abuse I only hope the era of the Big Oil and Big Coal robber barons would end. It is time for more ethics amongst executives in the entire Energy industry. Those in the USA should lead the way rather than drag it down further.
jimgraham Champion Author Akron Posts:10,365 Points:1,978,945 Joined:Oct 2007	Message Posted: Aug 13, 2012 5:18:21 PM Ignore jimgraham Report Abuse Not for a while, but we should make it gone ASAP.
JimL1 Champion Author Phoenix Posts:8,212 Points:1,241,295 Joined:Jul 2003	Message Posted: Aug 13, 2012 4:26:29 PM Ignore JimL1 Report Abuse We still need to find a way to do with much less oil. DUH!
night_raider Rookie Author Tennessee Posts:28 Points:95,365 Joined:Aug 2012	Message Posted: Aug 13, 2012 2:12:39 PM Ignore night_raider Report Abuse we have made ourselves slaves to oil, we should have been much further along to moving on than we are now.
efwosu Sophomore Author Columbus Posts:236 Points:91,000 Joined:Mar 2011	Message Posted: Aug 13, 2012 2:05:53 PM Ignore efwosu Report Abuse We should pursue wind and solar, but not at the expense of bankrupting the country. Let the free economy develop the technology and it will work. If the government continues to try and force the issue, it will never work.
GAS1251 Champion Author Texas Posts:5,143 Points:1,625,255 Joined:Jun 2008	Message Posted: Aug 13, 2012 1:52:01 PM Ignore GAS1251 Report Abuse Probably the same fear-mongers that told us global warming would melt the polar ice and flood the coastal cities by 2010.
snappytom2 Champion Author Corpus Christi Posts:3,541 Points:274,320 Joined:Jul 2008	Message Posted: Aug 13, 2012 1:50:13 PM Ignore snappytom2 Report Abuse Not in my lifetime. By the way, the Greeks had plenty of trees surrounding Athens until they woke one day to find the Athenian hill barren.
fatboy97 Champion Author Twin Cities Posts:2,474 Points:1,705,625 Joined:Aug 2007	Message Posted: Aug 13, 2012 1:31:22 PM Ignore fatboy97 Report Abuse Never... it will continue until we are close to being out.
GatorGuy Champion Author Columbia Posts:2,225 Points:1,205,560 Joined:Jan 2009	Message Posted: Aug 13, 2012 1:02:47 PM Ignore GatorGuy Report Abuse Ha, not hardly.
bikechuck Champion Author Indianapolis Posts:7,001 Points:2,061,170 Joined:Apr 2006	Message Posted: Aug 13, 2012 12:09:20 PM Ignore bikechuck Report Abuse The increasing cost of gas will be a stimulus for alternative energy sources to be developed, as it is doing now. There is time to do that, why the rush to do it immediately at any cost?
TheMeltz Champion Author Maryland Posts:2,169 Points:639,225 Joined:Feb 2009	Message Posted: Aug 13, 2012 12:07:12 PM Ignore TheMeltz Report Abuse ok
nru Champion Author Twin Cities Posts:1,736 Points:981,275 Joined:Feb 2006	Message Posted: Aug 13, 2012 12:06:12 PM Ignore nru Report Abuse hundreds of years supply left - history only repeats (see whale oil - they thought they had hundreds of years left) - why do we want to support the terrorists in any way mean or form - let them drink their oil - get the USA on fuel that we can produce nationally and no longer be dependant on Dubai based corporations who are not benefiting our economy and threatening our lives.
ciimike Champion Author Nevada Posts:4,638 Points:1,062,060 Joined:Aug 2005	Message Posted: Aug 13, 2012 12:04:58 PM Ignore ciimike Report Abuse It is getting nearer every day, however, it will be around for years to come. It will take a couple of generations before alternative fuel sources take precedence.
Lilly02 Champion Author Rockford Posts:1,653 Points:522,890 Joined:Oct 2011	Message Posted: Aug 13, 2012 12:02:47 PM Ignore Lilly02 Report Abuse Natural gas is the way to go.
rhughes1691 Sophomore Author Seattle Posts:105 Points:282,410 Joined:Jan 2012	Message Posted: Aug 13, 2012 12:02:41 PM Ignore rhughes1691 Report Abuse breaking news, the sun is destined to burn up all it's fuel and in the future will "go out", Americans are warned to stockpile heat and light in preparation.
ScottTee Champion Author Detroit Posts:4,381 Points:1,061,645 Joined:Mar 2010	Message Posted: Aug 13, 2012 12:01:42 PM Ignore ScottTee Report Abuse not in my lifetime, no.
ysmc Champion Author Providence Posts:10,558 Points:2,021,495 Joined:Apr 2007	Message Posted: Aug 13, 2012 12:00:48 PM Ignore ysmc Report Abuse propaganda and lies based on unrestrained greed
YodaON Champion Author Ottawa Posts:2,922 Points:778,085 Joined:Jan 2011	Message Posted: Aug 13, 2012 12:00:42 PM Ignore YodaON Report Abuse not soon
F250CA All-Star Author Oakland Posts:635 Points:553,495 Joined:Mar 2008	Message Posted: Aug 13, 2012 11:59:18 AM Ignore F250CA Report Abuse Well said Grampa we have thousands of years of oil. The oil fields are refilling the whole thing is a con-job... Greed and the stock market...
F250CA All-Star Author Oakland Posts:635 Points:553,495 Joined:Mar 2008	Message Posted: Aug 13, 2012 11:58:07 AM Ignore F250CA Report Abuse in possable
DarthDadJr Champion Author Virginia Posts:7,302 Points:1,519,470 Joined:Jul 2008	Message Posted: Aug 13, 2012 11:57:17 AM Ignore DarthDadJr Report Abuse Obviously the answer is no...but the real question is have we reached the peak of production and are we now on the downward slope of production...this is where the discussion is and there is no agreement yet.
Grampax4 Champion Author British Columbia Posts:3,089 Points:642,555 Joined:Nov 2010	Message Posted: Aug 13, 2012 11:55:06 AM Ignore Grampax4 Report Abuse we have thousands of years of oil. The oil fields are refilling the whole thing is a con-job... Greed and the stock market...
tes283 All-Star Author Tampa Posts:865 Points:368,850 Joined:Dec 2011	Message Posted: Aug 13, 2012 11:51:19 AM Ignore tes283 Report Abuse So we have hundreds of years left, we should still get off the oil to save the Earth.
Car54BC08 Champion Author British Columbia Posts:4,244 Points:1,508,390 Joined:Jun 2008	Message Posted: Aug 13, 2012 11:49:54 AM Ignore Car54BC08 Report Abuse Switching to cleaner natural gas is the way to go
NotmeuQc Champion Author Montreal Posts:5,646 Points:1,132,100 Joined:Apr 2009	Message Posted: Aug 13, 2012 11:49:38 AM Ignore NotmeuQc Report Abuse Oil will always be there, at least in my lifetime, but natural gas could be used more than oil in the next 5 to 10 years.
MTPokts Champion Author Indianapolis Posts:2,280 Points:774,640 Joined:Jul 2008	Message Posted: Aug 13, 2012 11:48:33 AM Ignore MTPokts Report Abuse So tell me, are these the same idiots that were forecasting $5 this summer? Sounds like the same alarmists.
sciotosix Champion Author Dayton Posts:2,739 Points:664,175 Joined:Apr 2011	Message Posted: Aug 13, 2012 11:47:36 AM Ignore sciotosix Report Abuse It will be a long time before that happens here.
tidalwave3 Champion Author Tallahassee Posts:1,299 Points:1,461,900 Joined:Jun 2008	Message Posted: Aug 13, 2012 11:47:19 AM Ignore tidalwave3 Report Abuse Heard that before
mackconsult Champion Author Portland Posts:5,304 Points:864,030 Joined:Jan 2009	Message Posted: Aug 13, 2012 11:46:55 AM Ignore mackconsult Report Abuse I hope not .... I have so much stuff that still uses petrol
lll4386 Champion Author Seattle Posts:3,885 Points:597,500 Joined:Apr 2007	Message Posted: Aug 13, 2012 11:46:18 AM Ignore lll4386 Report Abuse OK
chyguy3 Champion Author Wyoming Posts:2,855 Points:859,540 Joined:Sep 2006	Message Posted: Aug 13, 2012 11:45:52 AM Ignore chyguy3 Report Abuse Man, what a bummer, living in KC and reading this downer all the time.
Gascapade Champion Author Fort Worth Posts:3,012 Points:481,480 Joined:Mar 2009	Message Posted: Aug 13, 2012 11:45:21 AM Ignore Gascapade Report Abuse Hell yeah, and the sooner the better...
bobzilla11 Champion Author Indiana Posts:1,192 Points:493,445 Joined:May 2011	Message Posted: Aug 13, 2012 11:44:42 AM Ignore bobzilla11 Report Abuse go solar!
bluebird1 Champion Author Toronto Posts:15,725 Points:3,106,175 Joined:May 2004	Message Posted: Aug 13, 2012 11:44:19 AM Ignore bluebird1 Report Abuse No, its coming but not 'near' yet!!!
KhelbenArunson Champion Author Michigan Posts:4,436 Points:715,915 Joined:Apr 2008	Message Posted: Aug 13, 2012 11:43:35 AM Ignore KhelbenArunson Report Abuse Those experts are being paid to spin it.
bra0712 Champion Author Arizona Posts:3,655 Points:766,620 Joined:Nov 2008	Message Posted: Aug 13, 2012 11:43:21 AM Ignore bra0712 Report Abuse No
VernonOR Champion Author Oregon Posts:2,905 Points:735,920 Joined:Aug 2010	Message Posted: Aug 13, 2012 11:43:00 AM Ignore VernonOR Report Abuse Scare tactics, alternative energies is the way to go.
wulf2000 Champion Author Miami Posts:3,022 Points:1,387,505 Joined:May 2005	Message Posted: Aug 13, 2012 11:42:19 AM Ignore wulf2000 Report Abuse Another article that the country is running out of energy.
91Hilux Champion Author New Haven Posts:2,157 Points:679,745 Joined:Aug 2007	Message Posted: Aug 13, 2012 11:41:08 AM Ignore 91Hilux Report Abuse This article is garbage. "Oil", and all things related to it will never end. Ethanol, algea, bio-diesels are coming into the market, but as man-made replacements for old-fashioned oil. Oil will still be used to lubricate, preserve, etc. even if we're not burning it.
FedupwithGreed All-Star Author Victoria Posts:707 Points:163,930 Joined:Oct 2008	Message Posted: Aug 13, 2012 11:40:54 AM Ignore FedupwithGreed Report Abuse NO
LuthierKS Champion Author Wichita Posts:3,736 Points:727,980 Joined:Apr 2011	Message Posted: Aug 13, 2012 11:38:58 AM Ignore LuthierKS Report Abuse This is a propaganda article for the so-called "green" industry. I hope it's in the opinion section and not the news section of the paper.
bicycler Champion Author Ontario Posts:14,815 Points:2,598,445 Joined:May 2005	Message Posted: Aug 13, 2012 11:38:33 AM Ignore bicycler Report Abuse Good questiun. It does look grim for oil/gas
Blazer197 Champion Author New Haven Posts:3,240 Points:615,150 Joined:Feb 2009	Message Posted: Aug 13, 2012 11:38:23 AM Ignore Blazer197 Report Abuse Did Al Gore write this??
checkitnow Champion Author Atlanta Posts:2,031 Points:570,595 Joined:Aug 2010	Message Posted: Aug 13, 2012 11:36:26 AM Ignore checkitnow Report Abuse this article is a complete lie.. there is a single oil shale deposit under wyoming and utah that if only 50% recoverable is more oil than all the proven reserves in the world today. its like reporters do not actually know facts nowadays...
Fitwit Champion Author Stockton Posts:6,389 Points:1,353,920 Joined:May 2009	Message Posted: Aug 13, 2012 11:36:05 AM Ignore Fitwit Report Abuse I believe we will have olive oil for the rest of our years on earth and on into eternity.
kelly1016 Champion Author Victoria Posts:1,953 Points:352,940 Joined:Oct 2011	Message Posted: Aug 13, 2012 11:34:18 AM Ignore kelly1016 Report Abuse The role of oil in our economy will diminish over time but never completely disappear
Don20 Champion Author Oklahoma City Posts:9,662 Points:2,617,680 Joined:Mar 2005	Message Posted: Aug 13, 2012 11:33:44 AM Ignore Don20 Report Abuse The Kansas City Star -- WASHINGTON -- After nearly a decade of warnings that the world's oil supply was running out, Americans now are hearing about technology breakthroughs that can unlock vast U.S. deposits of natural gas, help reverse a 40-year slide in domestic oil production and perhaps transform America into the next Middle East. There seem to be something wrong with that statement, according to USGA we have known reserve oil enough to last the United States for four thousand years. Do you think anyone here now will care.. It all has to be scare tactics to get people brain washed to accept high gas price or go to some other energy source so that the politicians can make their money on investments..
CorvairHaven Champion Author Cleveland Posts:4,349 Points:1,452,215 Joined:Sep 2008	Message Posted: Aug 13, 2012 11:33:14 AM Ignore CorvairHaven Report Abuse There is plenty of oil--- centuries worth. Get rid of Chicken Little!