3 ms·

Same thing going on with oil really. And i think that was the original intent of the "peak oil" term. Not that we had found everything we could in absolute ter

Same thing going on with oil really. And i think that was the original intent of the "peak oil" term. Not that we had found everything we could in absolute terms, but that the ROI on extraction had hit a plateau (or something of that nature).

aidenn0 9y ago
We hit peak oil later than planned because the rate of oil-consumption growth plummeted. The estimates were within an order of magnitude (which is a small margin of error you double your consumption every 20 years).