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Turns out the world has loads of oil, and is still discovering more, and even more natural gas, coal and so on. We’re not running out anytime soon, which is act
by Synaesthesia 7y ago
Turns out the world has loads of oil, and is still discovering more, and even more natural gas, coal and so on. We’re not running out anytime soon, which is actually a problem.
- crimsonalucard 7y agoI've read we're right at the peak with shale. If we continue normal usage/production sans the effects of covid-19, we would've hit the drop off (for shale) of the Hubbard curve some time before 2025. source: https://www.bloomberg.com/news/articles/2019-10-14/peak-shale-how-u-s-oil-output-went-from-explosive-to-sluggish https://www.bloomberg.com/news/articles/2019-10-14/peak-shal...
- wazoox 7y agoNope, discoveries worldwide peaked 4 decades ago. Production follows discoveries with a 4 to 5 decades delay. For scale, we need to find out about a new Saudi Arabia every year. We simply don't.