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Inside Story- Oil Production- 23 Oct 07- Part 1

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Uploaded by on Oct 24, 2007

Reports of declining oil production has stirred debates, amid fears/hopes of the consequences.

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  • Your numbers are incorrect.  The total tar sand oil production is only 1.1 million barrels a day. The US uses 20 million, which would be only 5%.

    Besides, tar sands are expensive to mine so sure there is 200 years of oil there, but it's going to cost a lot of money and use a lot of natural gas energy to produce.

    The issue is not just the amount of oil, but the cost of oil. It's the end of cheap oil that really matters.

  • China is cutting energy deals around the world, pipelines, buying into tar sands, buying land in other countries. We aren't....

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  • they been saying the oil is about to run out since the 1920s, your crazy conspiracy theories are false.

  • Watt are we doing about alternatives? The alternatives are already here! humans are to benighted to embrace them we all seem to be happy consuming and poisoning the planet.The sooner this filthy shit runs out the better off all life on the planet will be.Consume be silent die.

  • Good story... We need more stories like this to get people moving in the right direction.

  • not the point, the point is that oil is not powering the background, the trucks and stuff yes but again that's not the point, also you probable drive a prisus or some other hybrid shitty car.

  • I think he meant to say 20% of our IMPORTED oil comes from Canada. Which is a correct statement.

  • What about the oil powered machines used to mine the coal? To transport it on trains that run on diesel?

  • Google "Quadri-Track ZCT"

  • Actually if you look at staticstics from the CIA and World Bank, the UAE is to run out in 2015, Saudi ARabia in 2020. Bahrain already ran out of oil and Qatar will run out in 2013...

  • here is the big scam: ARAMCO all saudi oil is 50/50 split between american oil company standard oil and the king.  so opec is a sham. acutually they should only sell to us or we invade them

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