My grandfather who was a vp of geology at exxon/esso & the majority of other oil execs predicted many years back that we would be out of oil 30 years later. Then we found ways of going deeper. Finding ways of going deeper is only going to keep us in oil for so long, and then we will be out of oil. We are using at a rate that far exceeds the supply in the earth's crust. Those same executives have looked at studies by scientists that they funded, and now have it occurring 28 years from now. We have pushed it about 70-80 years further into the future by finding ways to drill deeper. But it will happen. The one thing the oil execs and scientists know is that the oil supply, despite finding ways to dig deeper,(more supply) is far too small. Our usage rate won't let it replenish itself before it runs out. It takes 1000's of years to make the supply that we will use up in about 300 years. We are still using dinosaurs decomposed corpses if that gives you a clue. So you stfu about things you haven't a clue about.
FYI, we didn’t really go “deeper” than we were 30 years ago….
A few years ago I was in charge of reviewing and approving plans for the abandonment of some of the deepest producing wells in the US (+24,000 ft True Vertical Depth). These were wells from the 70’s and not many similar wells throughout the US have been drilled since. Let me tell you that drilling, producing, and abandoning these “ultra deep” wells is a real challenge due to the pressures and temperatures involved.
By contrast, it has become fairly common place in the past 30 years, with advancements in the technology and practices around fracking and horizontal drilling, to go down 6,000 ft and horizontal 2 or more miles (so ~17,000 ft of total wellbore length)
This has nothing to do with the imbecile above…. I just wanted to provide some clarification. Recovery rates since the days of Hubbert and his “peak oil” analysis have gone up substantially because of horizontal drilling and fracking (and to a lesser degree water and C02 injection recovery techniques), not deeper reservoirs. Thus extending the window till we reach “peak oil”
I actually think that market economics for energy and us realizing that we shouldn’t be using carbon for certain applications will help us reach “peak oil” before our ability to find enough producible oil begins to decline.
