Max,

"You're trying to pull the wool over this forum's eyes that you EVER said the following....“…the fact remains, as you've already admitted, we are discovering more than we're using.”

But...but...you did admit it. I listed some numbers covering the last 30 years showing that we are consistently INcreasing the amount of oil reserves eg from 1.0275 trillion barrels in 1990 to 1.7324 trillion in 2020. AND you followed up with " I agree with the trend."

It seems you want to resile from that now. So be it.

I haven't said anything about the level of discovery in the 1960s so I don't know how you think you know that I didn't know, ya know? The level of discovery in the 1960s is irrelevant to this discussion. The only pertinent point if that our level of known accessible reserves is growing not declining. That is, we are adding more to the reserves than we are taking from it. And while-ever that happens we won't run out of the stuff.

So moronic stuff like dividing the level of reserves by the yearly usage to work out when we run out is just dumb since it fails to include the volume being added back in.

"I'll even respect you enough to stop saying Derp! How's that? "

No I want you to keep using it. It reminds us of the level of intellect we're dealing with.

Hi Mhaze,
I stand by both my comments.
The RESERVES have increased.
The RESOURCE hasn't.
NO - I'm NOT believing two logically inconsistent ideas at once.

In case you are confused, here is the DISCOVERY of NEW OIL peaked in the 1960's and again in the late 70's.
http://www.researchgate.net/figure/World-Oil-Discovery-Trend_fig1_267194751

Basically, it's as I feared.

This whole thing is about you not understanding the difference between Reserves and Resources, even though I've explained it to you many times. You are just another Denier with Dunning Kruger's.

This next paragraph of yours illustrates it perfectly.

"The only pertinent point if that our level of known accessible reserves is growing not declining. That is, we are adding more to the reserves than we are taking from it. And while-ever that happens we won't run out of the stuff."

If you're not going to bother learning the geologist's definitions of oil reserves vs oil resource, it's like you're determined to be stubborn little piss-ant! Just go away.

Max says he didn't agree that oil reserves were increasing.

I show where he did indeed agree with that.

Max says he doesn't want to talk about it any more.

So far no-one has commented on the very successful use of hybrid technology in ships, been a success story for 122 years.
Also of interest is the World’s first solar powered train, in NSW at Byron Bay.

Mhaze’s greatest hits:-
“…the fact remains, as you've already admitted, we are discovering more than we're using.” http://forum.onlineopinion.com.au/thread.asp?discussion=9984#340823

Seriously dude - the way you sneer at new information reminds me of a kid sneering at any green vegetables on their plate. I’ve tried to explain to you the difference between oil resources and oil reserves. You SHOULD understand the difference by now - but are just repeating your own stupid ignorance at me like a mantra.

Historical oil RESOURCE discovery rates should alarm us even though we temporarily see RESERVE increases. The oil RESOURCES are finite and the most was discovered in the 1960’s.

http://www.researchgate.net/figure/World-Oil-Discovery-Trend_fig1_267194751

It's not MY fault you cannot understand the difference and keep blurring the boundaries of the two in your attempt to confuse this conversation.

The RESERVES are debatable, probable, and different countries report them in different ways even though the scientific community have their definitions. Conservative old geologists agree that Saudi Arabia’s books are probably cooked - but that’s a whole other discussion.

But keeping this basic, I’ll try a metaphor to help.

RESOURCE (finite, non-renewable) is like someone slaughtered most of the cows on the island and put them in deep freeze for eating later. Occasionally a little calf wanders in (someone finds a tiny new field). But the big fields are gone. Look at the global discovery trends in the graph above will you!?

“RESERVES growth” is that the price of food has gone up on this hypothetical island of dead cows, and so someone figures out how to cook up the bone marrow and make a new meal. Sure - it’s a meal. Sure it will make the stock of cows in the deep freeze last a bit longer. But no-one is kidding themselves that the finite cow problem has been solved. They’ve done the math on both eating steaks AND bone marrow, and concluded how long we’ve got. It ain’t long - and no one is DISCOVERING NEW COWS (which is what you originally hinted at!) at any significant rate.

Mhaze - did my metaphor get through to you? Are you prepared to go read the geology definitions and have another look at your statement below?

“…the fact remains, as you've already admitted, we are discovering more than we're using.” http://forum.onlineopinion.com.au/thread.asp?discussion=9984#340823

The problem you have is everyone knows about sideways mining and chemical injection, fracking, etc. (All the reserves growth tech.) It's already counted in BP's statistical review.

The Forbes article I quoted was from 2020 and so includes all that when it says the following. (CAPS MINE for emphasis.)

“According to BP's annual statistical review, in 2018 the world had proven oil reserves of 1.73 trillion barrels, enough to fill up 263,000 Empire State Buildings. If society keeps drawing from those reserves at the CURRENT PRODUCTION RATE of around 100 million barrels per day, it would be enough to last about 50 years, the better part of most people's lifetimes.”
http://www.forbes.com/sites/scottcarpenter/2020/01/11/oil-and-gas-discoveries-hit-four-year-high-in-2019-as-capital-spending-set-to-pick-up/?sh=62af55738749

Oh no - the 3 most deceptive words in resource reporting. “CURRENT PRODUCTION RATES!” Since the industrial revolution started, energy consumption has always increased. (Apart from geopolitical crisis or pandemics.) How much can we expect demand to increase?

The world wants their turn at living the American dream. America uses 900 gallons per capita per year on average. That’s ridiculous - let’s live like European countries which use half that oil as they’re all about public transport and old urban designs. They’re around 400 to 500 gallons per year. So we're good, right?

http://www.worldometers.info/oil/oil-consumption-by-country/

WRONG! China only uses 138 gallons, India is at 51 gallons, and many African nations are under 10! What happens when they want their fair share? They’re industrialising - fast!

Do the math on the number of new consumers and oil demand is about to double and double again. America’s got 5% of the world population but uses 25% of the oil. What happens when you halve 50 years, and then halve it again?

Click your ruby slippers together 3 times as you chant "Reserves Growth will save me”. There's a good little Dorothy.