peak oil

Peak oil is the midpoint of all oil production. Oil production whether its from a single oil well, an oil field or the whole world follows a bell shaped curve. After you reach the top of this curve the well goes into decline and will never produce more oil than it did at the peak. Decline rates are usually around 3-4%, but if sea water injection is used (or natural gas) like in Saudi Arabia decline rates will be as high as 10% a year or higher.

Largest known reserves goes as follows:
Saudi Arabia with about 25% of the world recoverable oil
Iran with 10%
and Iraq with 10%

The United States is in the biggest pickle of all, with 5 percent fo the worlds population but using up an astonishing 25 percent of the oil the entire world produces every year, the US economy feels even the smallest fluctuations in the price of oil more than other countries.

Dates for when oil production will peak range from anyday now to 2040. But most group in tight around 2010-2015.

For every barrel of oil we use, we discover only one quarter of a barrel, that is to say, we use four times the amount of oil than we find. Oil discoveries peaked in the 1960's.
For a general idea, oil discoveries inside the United States peaked in the 30's and then oil production inside the United States peaked in the early 70's. So roughly fourty years later. Mind you, consumption of oil wasnt slowed down during that time period like it was during the 70's, 80's and 90's by shortages in supply and the following high prices.

So, now knowing that oil production is going to peak, within your lifetime, and that Iraq has the thrid largest oil reserves, do you wonder why the United States is at war?

We're basically fucked, hold on, cherrish your big screen TV's for a few more years, and make the best of the food shortages. Peak oil will not be fun.

81👍 33👎

Fish Oil

Once known as a dietary supplement that comes from fish, rich in omega 3 fatty acids, now known as the crude oil found in fish thanks to an incompetent group of greedy scum that calls themselves BP.

Man I was fishing and caught a big ocean salmon. I cut the fish open and fish oil starting spewing from it's body.

29👍 9👎

dino oil

Motor oil derived from traditional hydrocarbon/crude-oil sources (decomposed dinosaurs and plant matter). Also often referred to as "mineral" based oil. This in in contrast to the new synthetic lubricants which have to be "manufactured" from various chemicals rather then just simply boiled off from a crude-oil source. Synthetics are seens as superior to dino oil since the manufacturing process is more controlled and may not require the polymer additives to achieve the same desirable lubricating properties. Synthetics are also more expensive then dino oil.

I justify the extra cost of synthetics over dino oil by going longer intervals between oil changes.

23👍 7👎

oil painting

A non homosexual way for guys to describe another guy as "hot" or "attractive". This term can also be used by girls to describe guys aswell.

"Dude, Philip is an oil painting "

or

"Johnny Depp is such an oil paiting"

23👍 7👎

check the oil

to stick ones thumbn in another persons ass hwhile they aren't expecting it. this is commonly known as checking the oil!
once on has checked the oil it is prpoper to charge them fo rthe service with the credit card.

hey man why did you just stick your thumb up my pooper?
"yeah your oil is a little low "

83👍 34👎

Gulf of Oil

It used to be called Gulf of Mexico until April 20 when BP's rig exploded and filled the Gulf of Mexico with oil.

I had a vacation planned for the Gulf of Mexico for a boating adventure until BP screwed up, so now I have to help out with cleaning the Gulf of Oil.

45👍 17👎

Snake oil

any dubious or fraudulent remedy or cure (The route of the fraud the word is derived from resulted from a misunderstanding of a traditional Chinese joint and muscle painkiller derived from the skin of the Chinese water snake)

That snake oil is so obvious. When will people learn?

123👍 55👎