What do you think might happen when we are no longer able to produce oil and natural gas?

So what happens when we run out? Hopefully we will have switched from finite resources like oil and natural gas to renewable, green resources like wind, solar and hydro power. Cars might run on electricity, or even water. We might rely more heavily on public transportation, like trains and buses.

How many years of gasoline do we have left?

Assuming the same annual rate of U.S. dry natural gas production in 2019 of nearly 34 Tcf, the United States has enough dry natural gas to last about 84 years. The actual number of years the TRR will last depends on the actual amount of dry natural gas produced and on changes in natural gas TRR in future years.

Can we live without natural gas?

In America, natural gas is a main feedstock that is then broken down into various elements essential for our economy. With over 96 percent of all manufactured goods directly touched by the business of chemistry, we wouldn’t recognize life without these products.

How long are known and projected supplies of conventional oil expected to last?

The world’s oil reserves will last 53 more years at current extraction rates, according to BP’s annual report. According to BP, drivers whose vehicles rely on burning oil have a little more than a half-century to find alternate sources of energy.

What is the largest gas field in the world?

South Pars/North Dome field
Total S.A. The South Pars/North Dome field is a natural-gas condensate field located in the Persian Gulf. It is by far the world’s largest natural gas field, with ownership of the field shared between Iran and Qatar.

What if oil did not exist?

The long story short: if oil, more specifically geologically occurring crude, had never been discovered we would have either leap-frogged our way to natural gas for primary energy or would still be stuck using more traditional fuels (like coal, kerosene from whales, and wood).

What is cheaper natural gas or electricity?

On average, natural gas is cheaper than electricity, so a gas furnace will save money on your bills. Electrical furnaces often run quieter than gas furnaces, as they have less mechanical parts used for the conversion of fuel to heat. Electrical furnaces, by and large, are safer.