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> We've been saying peak oil since the 70s. peak oil supply yes, but this is peak oil demand, which is new
by blibble 9y ago
> We've been saying peak oil since the 70s.
peak oil supply yes, but this is peak oil demand, which is new
- pwaai 9y agoI used peak oil because I knew somebody would trip up on the wording. Peak oil describes both sides, either we run out (we aren't) or we just wake up and stop using it altogether (batteries are expensive, doesn't have economies of scale, and pricing is kicked down to the consumer). It's easy to say battery is going to replace oil in a country where you don't see poverty or people don't live on a $1 a day. Oil demand will increase in majority of the world where people are still poor.