when will we run out of oil ?

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when will we run out of oil ?

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https://science.howstuffworks.com/environmental/energy/run-out-of-oil.htm

https://science.howstuffworks.com/environmental/energy/run-out-of-oil.htm
When Will We Run Out of Oil, and What Happens Then?
21 sept. 2023Oil is the lifeblood of the modern world, and the combustion engine its indomitable heart. In 2022, oil wells around the world pumped almost 100 million barrels out of the Earth daily, and countries consumed just as much [source: EIA].. Fossil fuel — such as natural gas and petroleum — is nonrenewable: It was formed millions of years ago, from the slow, pressurized decomposition of plants …

https://www.scientificamerican.com/article/how-much-is-left

https://www.scientificamerican.com/article/how-much-is-left
How Much Is Left? The Limits of Earth’s Resources
Regional blackouts remind us that the flow of energy we used to take for granted may be in tight supply. … As easy-to-reach fields run dry, new technologies allow oil companies to tap harder-to …

https://www.discovermagazine.com / planet-earth / is-the-world-running-out-of-oil

https://www.discovermagazine.com / planet-earth / is-the-world-running-out-of-oil
Is the World Running Out of Oil? | Discover Magazine
When talking about oil, many statistics focus on proved reserves. According to the British Petroleum’s 2019 Statistical Review of World Energy, the total proved reserves of the planet’s oil at that time was 1,733.9 billion barrels. Yearly global consumption in 2019 was about 35.9 billion barrels. A basic calculation reveals that if proved …

https://www.gsb.stanford.edu/insights/its-about-forty-years-until-oil-runs-out

https://www.gsb.stanford.edu/insights/its-about-forty-years-until-oil-runs-out
It’s About Forty Years Until the Oil Runs Out
Central and South America combined would have about three years’ worth. Africa contains only a 2.7-year global oil supply, while Europe and Asia combined have 3.3 years total. Half of the world’s oil reserves — enough to last 23 years — are found in the Middle East nations of Saudi Arabia, Kuwait, Iran, Iraq, and the United Arab Emirates.

https://www.bbc.com/future/article/20230726-an-experts-guide-to-peak-oil-and-what-it-really-means

https://www.bbc.com/future/article/20230726-an-experts-guide-to-peak-oil-and-what-it-really-means
Is the decline of oil in sight? – BBC
26 juill. 2023In 2020, analysis by the website Carbon Brief showed that BP’s own figures indicated global oil demand would not ever regain 2019 levels, following the pandemic slump in 2020, which saw a 9% drop …

https://www.vox.com/future-perfect/2023/7/12/23791559/resource-scarity-peak-oil-fracking

https://www.vox.com/future-perfect/2023/7/12/23791559/resource-scarity-peak-oil-fracking
What is peak oil? Are we running out of oil? – Vox
12 juill. 2023The 1956 paper that introduced the concept suggested the US would reach peak oil production by 1970. Oil production did peak around then and start to decline — but then new prospecting and …

https://www.eia.gov/outlooks/steo

https://www.eia.gov/outlooks/steo
Short-Term Energy Outlook – U.S. Energy Information Administration (EIA)
12 mars 2024We forecast the U.S. average retail gasoline price will average about $3.50 per gallon (gal) this year, almost 20 cents/gal higher on an annual average basis in 2024 compared with the February STEO, driven by higher crude oil prices. Although still lower than 2023 over the course of the year, we expect nominal gasoline prices from May through …

https://www.weforum.org/agenda/2022/10/phasing-out-fossil-fuels-progress

https://www.weforum.org/agenda/2022/10/phasing-out-fossil-fuels-progress
Is the world on track to phase out fossil fuel energy? | World Economic …
14 oct. 2022In order to halt climate change and reduce our global emissions, we must reduce our reliance on fossil fuels, by switching to renewable energy. A conference held in Oxford in September brought together scientists, economists and indigenous activists to discuss how this can be done. The following is some key insights from the conference, ranging …

https://www.ft.com/content/9df6003b-3760-4eee-b189-92c0247fa1a5

https://www.ft.com/content/9df6003b-3760-4eee-b189-92c0247fa1a5
World at ‘beginning of end’ of fossil fuel era, says global energy agency
12 sept. 2023The world is at the beginning of the end of the fossil fuel era, according to the leading global energy watchdog, which for the first time has forecast that demand for oil, natural gas and …

https://www.iea.org/reports/oil-2021

https://www.iea.org/reports/oil-2021
Oil 2021 – Analysis – IEA – International Energy Agency
Oil demand in 2025 is set to be 2.5 mb/d lower than was forecast a year ago in our Oil 2020 report. All of this demand growth relative to 2019 is expected to come from emerging and developing economies, underpinned by rising populations and incomes. Asian oil demand will continue to rise strongly, albeit at a slower pace than in the recent past.
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