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/sci/ - Science & Math

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File: 28 KB, 470x300, IF_the_oil_runs_out.jpg [View same] [iqdb] [saucenao] [google]
4594352 No.4594352 [Reply] [Original]

After oil runs out, what will happen to middle east

>> No.4594357
File: 60 KB, 608x355, atlantis-dubai.jpg [View same] [iqdb] [saucenao] [google]
4594357

A beautiful, prosperous resort location.
No one was killed because they had more hotels.

>> No.4594364

we get rid of them, obviously

>> No.4594369
File: 134 KB, 413x395, 1326013781788.jpg [View same] [iqdb] [saucenao] [google]
4594369

It reverts back to the wasteland of bickering provincial leaders and backward, fundy sandniggers it was before oil was discovered, only now they can leave in the crumbling ruins of their civilisation.

>mfw

>> No.4594370

>>4594352
WHY ARE THERE SO MANY SHIT THREADS ON /SCI/

GET OUT. WE ARE HERE TO DISCUSS UNIVERSITY LEVEL AND ABOVE MATERIAL ONLY.

THIS DOES NOT BELONG HERE, NOR DOES .9999 = 1 OR ETC.

>> No.4594376

A former CEO of Exxon was asked how much oil we currently have in the ground.

He responded by asking, "What's the price?"

>> No.4594383
File: 30 KB, 322x245, YOU_MAD.jpg [View same] [iqdb] [saucenao] [google]
4594383

>>4594370

>> No.4594391

>>4594383

he mad

>> No.4594412
File: 124 KB, 361x361, umadzombie2.jpg [View same] [iqdb] [saucenao] [google]
4594412

>>4594370

>> No.4594442

>>4594370
you can turn any topic into an intelectual convo
your not above anyone, you're on 4chan faggot

>> No.4594443

>>4594376
> He responded by asking, "What's the price?"

Correct. You'd have a lot more oil if you're willing to pay $500/bbl for it. Unfortunately, $500/bbl oil will kill the U.S. economy stone dead, reducing buyers of the oil, so the price will collapse from that. The price of oil will be ruled by vicious price spikes, followed by "demand destruction", and then a price collapse... but the price will bottom a little higher each time.

>> No.4594472
File: 58 KB, 936x360, price.jpg [View same] [iqdb] [saucenao] [google]
4594472

>>4594443

I've got some info on this subject if you're interested.

>> No.4594496

>>4594472

Our dependence on oil is as high per-capita as it has ever been. That makes the modern curve more devastating than the one around 1980.

>> No.4594542

>>4594496

I'm not entirely sure about that. The 1973 Arab Oil Embargo hit the United States pretty hard and began a lot of reforms in American energy policy such as CAFE Standards. To say that the modern oil spike is more devastating is too broad of a term. In a way, higher oil prices can help promote more efficient energy use and can help the economy. $4+ a gallon has many people looking at newer cars and asking themselves, "can that new Civic really get 40 miles to the gallon?"