102
True
More detailed data confirm the claim.
This chart is taken from https://ourworldindata.org/fossil-fuels ; most data there comes from the published paper:
Vaclav Smil (2017). Energy Transitions: Global and National Perspectives. & BP Statistical Review of World Energy..
It is coherent with figures from the World Bank: https://data.worldbank.org/...
48
No
First, this figure is for petroleum. For coal, the figure is much larger. Some of the figures I found for coal were 133 years, "anywhere from 68 years to a hundreds of years", and 357 years (in that last one, "we" may be referring to just the US).
Second, this number is for proven oil reserves. Proven oil reserves is oil that is
(1) ...
20
Yes, the fossil-fuel industry benefits from subsidies equivalent to trillions of dollars, each year. Yes, the IMF's figures are broadly consistent with other studies: in particular, the cost of environmental damage from greenhouse gases alone, is of the order of trillions of dollars per year. These are costs which production incurs, but which are not borne ...
15
For oil, using proven reserves and current oil production, the date is more like 2067. World proven reserves are approximately 1.7 trillion barrels, or 1.7 million-million barrels (EIA figures]). Current rate of production is about 100 million barrels/day, (EIA figures). The 100mb/d rate will eat through the 1.8 trillion barrel reserves in about 47 years.
...
9
A good starting point for information about this topic is The Gasoline Wars Chemical & Engineering News, vol. 87, pages 20-21.
First, when shell says "nitrogen-enriched", it does not mean that nitrogen itself (such as dinitrogen in air) is added to the gasoline. Instead, it means that an amine detergent compound is added to the gasoline.
Secondly, ...
8
note: This question was originally much longer and quoted section 1 of this response by The Heartland Institute. My comments here are in reference to those claims.
The Heartland Institute's claims about conflict of interest policies and funding disclosure, at least, are incorrect. The conflict of interest policy for Science Bulletin states:
Authors must ...
7
On current trends, we won't run out of fossil fuels, even oil or gas.
This is a slightly misleading statement because the question asks about the current burn rate, and this answer rephrases to "current trends", which requires justification. It's a demand side argument; "current burn rate" ignores that demand is (or soon will be) a fast ...
5
"In 2015, the United States consumed a total of 7.08 billion barrels of petroleum products" https://www.eia.gov/tools/faqs/faq.cfm?id=33&t=6
One US oil barrel is 159 litres. One acre or rapeseed gives 600 litres oil ( https://spa.merinfo.se/question/hur-manga-liter-olja-far-man-pa-ett-hektar-raps ) (I assume hemp is in the same ballpark). That gives 3....
5
While reading the other answers, you might get the impression that fossil fuel availability won't be a problem for 100 years.
According to this Nature paper ("Unextractable fossil fuels in a 1.5 °C world"), and based on the IPCC’s Special Report on Global Warming of 1.5 °C, most of the available fossil fuels should stay in the ground if we don't ...
4
The article from the tweet you linked claims that both long lines and gas price increases occurred. I would guess either the tweet is a typo or it is click bait to get you to go to the article.
https://www.nytimes.com/2021/05/10/business/colonial-pipeline-ransomware.html?smtyp=cur&smid=tw-nytimes
In the meantime, drivers in Tennessee, Georgia and ...
3
No
Comments about the article made me revisit this.
The text in the tweet (at least about long lines) did appear in the original New York Times article on May 10.
Since the pipeline shutdown, there have been no long lines at gasoline stations
https://web.archive.org/web/20210510211833/https://www.nytimes.com/2021/05/10/business/colonial-pipeline-ransomware....
3
Among the references cited in that IMF paoer, I found the 2015 ECFIN brief "Measuring Fossil Fuel Subsidies" by Bárány and Grigonytė fairly illuminating in this matter. (To establish authority, ECFIN briefs "are occasional working papers by the European Commission’s Directorate-General for Economic and Financial Affairs which provide background to policy ...
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