%26#039;North Sea oil will last for 100 years%26#039; So we%26#039;re not running out of oil then ? ref
http://www.telegraph.co.uk/news/uknews/2...
http://www.eia.doe.gov/emeu/cabs/Saudi_A...

People don%26#039;t seem to understand that this is more an economic question than anything else.

Oil predictions are not based on how much oil there actually is, but on how much oil can be produced PROFITABLY at the current price for oil. So as the price of oil increases, the oil reserves that can be exploited also increase.

The US also has more oil, natural gas, oil sand, tar sands, oil shales, and coal, than the rest of the world combined, but for some reason (stupid liberals) we choose not to use it.

I guess this is sort of like the man in the desert dieing of thirst, but refusing to drink from the well that he%26#039;s standing next to. I%26#039;m a geologist

We dont have 100 years of oil. And even if North Sea has 100 years, i can bet my life that nowhere else will. Why do you think Oil is so expensive? Its running out and fast...supply is scarce.

The public CANNOT know this fact because if they did, there would be economic pandemonim, thats why its the responsibility of the media to make these things up/

lot of folks can%26#039;t understand how we came to have an oil shortage here in our country.
~~~
Well, there%26#039;s a very simple answer.
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Nobody bothered to check the oil.
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We just didn%26#039;t know we were getting low.
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The reason for that is purely geographical.
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Our OIL is located in
The North Sea
~~~
Our
DIPSTICKS
are located in
Westminster !!!

Any Questions ???
NO? I didn%26#039;t think so!!

The North Sea is running out, however, worldwide we are not running out of oil. There is still plenty of untapped oil reserves. The polar regions are untouched, as are most of the oceans and seas.

No we%26#039;ve just run out of cheap oil. There is still plenty of expensive oil left, as is evidenced by the number of idle oil well that suddenly sprung back to life with the sale price of their oil went over $100 / barrel.

somehow, that oil is good enough but always remember that we are huge consumers of energy. that amount is not enough to meet energy demands nowadays so supplies are scarce.

Yep, we are running out.

100 years is not that long and we need to find other ways to generate energy, for ourselves now and future generations.

thats means we;re runngin out