Here is when the world’s resources will run out

We have all heard statements made by various experts – many self proclaimed – about when the world’s resources will run out. “Peak Oil” an event based on M. King Hubbert’s theory, is the point in time when the maximum rate of petroleum extraction is reached, after which the rate of production is expected to enter terminal decline. The same theory has been applied to many other commodities, and resources. This infographic, by Visual Capitalist, shows you just how much is left.

Key point with finite resources. Either prices have to go up, or major new discoveries have to be made. The latter requires investment in exploration. Unfortunately, there has been a drying up of capital for exploration over the last three years.

INFOGRAPHIC: Here is when the world's resources will run out

 

Arctic route for Alberta oil could trump stalled B.C. pipeline projects

Alberta’s objective to get land locked oil to overseas markets via the arctic may come together sooner then stalled plans for the Northern Gateway and Keystone XL projects through British Columbia

The basic plan would have a brand new pipeline built from Fort McMurray, Alberta to the northern arctic port of Tuktoyaktak. At nearly 2,400 kilometers the arctic pipeline option would be more than twice the length as the proposed Northern Gateway pipeline to the west coast of British Columbia.

Read more: Financial Post – Arctic route for Alberta oil could trump stalled B.C. pipeline projects