“ONE WORLD, ONE GOAL”
NO OIL
Currently the Earth contains 639 billion to 1.1 trillion barrels of oil (and decreasing). We the people of the world consume over 32 billion barrels/year of oil (and increasing). This leaves us with 14-20 years of oil, and it takes the Earth hundreds of millions of years to make new oil, if we are lucky. Over 98% of all our transportation needs (cars, trains, planes and ships) come from oil and 70% of all oil goes to our transportation. The richest countries in the world consume the most oil while the poorest countries consume the least oil. How will you and most importantly your children’s economy and lifestyle be in a world with no oil?
Fossil Fuels Will Last Us Forever?
Think of this. You have $100 in your possession, and you are allowed to spend $1 per day. How many days can you spend $1 before your $100 runs out? One hundred days of course. Now think of this. There is only so much oil within this planet of ours, and we have to trust those who profit from this oil, as to exactly how much oil we do have left. But there are other factors to consider when figuring out how much oil we have left to burn away. We consume more oil today than any other time in history. The growth rate of oil consumption is greater now than any other time in history. Think about it. China, population 1.3 billion, is now the world’s fastest growing economy and fastest growing consumer of oil.
In America, for example, almost everyone owns and drives at least one car. Currently in China, approximately only 100 million have become wealthy enough to purchase cars and over 200 million more currently have their driver’s licenses waiting to make enough money to buy a car. That leaves growth for 1.2 billion more drivers and 1.2 billion more cars burning oil. It is expected that 500 million will be able to buy cars in China by 2030. In January 2009, China sold more cars than America; a feat no other country in the world has ever accomplished.
India, population 1.1 billion, is growing right behind China and has just built and put into production the world’s cheapest car. At $2,500, the Tata ‘Nano’ will now allow millions of people the opportunity to afford what we take for granted, a car that can carry 5 people very efficiently and quickly. Don’t laugh, because Tata is the same company that bought Jaguar and Land Rover from Ford for $2.3 billion in 2008, after Ford could no longer afford to keep them.
As more people begin consuming more oil, do you believe we have enough oil for everyone in the world to use forever? Knowing that 7 of the last 8 Global recessions were preceded by large increases in the price of oil, you can understand how this current recession was preceded by the largest increase in the price of oil ever. On July 11 2008, it peaked at $147.27 per barrel. OPEC countries have produced ½ of the average 25 billion+ barrels the world has been consuming every year for the last 25 or more years; totalling over 300 billion barrels gone from OPEC reserves alone, their claimed reserves actually increased from 444.1 billion barrels in 1982 to 881.6 billion barrels in 2008. That’s an increase of 440.5 billion barrels of claimed reserves during the same time they sucked out and sold 300 billion barrels to the world. So if you add the increase of 440.5 billion to the 300 billion sold to the world, you would see that since 1982, the OPEC nations have increased their claimed reserves by 740.5 billion barrels. Do you think this discrepancy could one day soon cause a catastrophic financial collaspe, like never before.