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Below is what I have found. You can do the math
Globally, crude's reserves-to-production ratio has hovered between 40-55 years. (Then the well runs dry)
How Much Oil Does the World Have Left? - https://tinyurl.com/yd7cfczq
https://tinyurl.com/yd7cfczqv
The above is saying, all the known oil reserves will be sucked up and burned within 40-55 years.
What so many people fail re realize is the there are two (2) dynamics going on here which on the surface seem unrelated which is our biggest mistake
World Oil Reserves
1,650,585,140,000 barrels
47 years of oil left
(at current consumption levels)
World Oil Statistics - Worldometer (worldometers.info)
This means, at current consumption all the known oil reserves will be sucked up and burned in 47 years.
This may not concern you because you will not be around then; but your grandchildren will !!
Fighting climate change and discovering new renewable energy resources are fighting to achieve the same thing. The survival of the human race.
The end of the Fossil Fuel era is upon us so what are we going to do next-?
I think it is time for us to look around at other countries who see the end of oil around the corner----------------
China plans ban on petrol and diesel cars
Move follows similar decision by France and UK although Beijing did not give a specific timeline for move
www.irishtimes.com
China looks at ending sales of gasoline cars
A Cabinet minister has announced that Beijing is developing a timetable to end sales of traditional fuel cars.
www.detroitnews.com
China to ban all petrol and diesel cars
World's biggest auto market by number of vehicles sold signals hugely significant policy changes for global industry
www.independent.co.uk
China to plow $361 billion into renewable fuel by 2020 | Reuters
China to plow $361 billion into renewable fuel by 2020 - https://www.reuters.com/article/us-china-energy-renewables/china-to-plow-361-billion-into-renewable-fuel-by-2020-idUSKBN14P06P
(a Berlin-based think tank) and Clean Energy Wire (an associated communications team) announced that renewable electricity “probably” covered more than 90 percent of power demand at 58 GW for a couple of hours on Sunday. Germany nearly reached 100 percent renewable power on Sunday | Energy Transition - https://tinyurl.com/mm9zkt7
People are cutting the use of fossil fuels and learning how to use renewables when in fact at current consumption rates the world well suck up and burn all known reserves in 40-50 years.
Then what?