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> global supplies of gas and oil will deplete by 2060. In 1990 I was told fossil fuels will be depleted by 2010.
by numlock86 6y ago
> global supplies of gas and oil will deplete by 2060.
In 1990 I was told fossil fuels will be depleted by 2010.
- JacobSuperslav 6y agopeople are sometimes wrong, but i think the 2010 was sensationalized headlines, not actual science
- chalst 6y agoThe prediction was that peak oil (i.e. the maximum rate of oil extraction) would happen in 2000. For conventional oil, this was not far off: production peaked in 2005 and has been in decline since. What the prediction missed is that we would extract shale oil on a large scale. The long-term economic viability of fracking is in doubt, though, since apparently no fracking enterprise has been profitable to date; it's all financed by venture capital. https://economicsfromthetopdown.com/2020/11/16/peak-oil-never-went-away/ https://economicsfromthetopdown.com/2020/11/16/peak-oil-neve...