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Your answer makes no sense. There is no peak wheat, it's not a non-renewable resource. The difference between peak oil and shale oil is the EROI which is very
by mrpopo 5y ago
Your answer makes no sense. There is no peak wheat, it's not a non-renewable resource.
The difference between peak oil and shale oil is the EROI which is very bad (between 1 and 2) compared to conventional (20 to 50). This would make it absolutely useless as an energy source, except we also get free Nat. gas out of it.
Once the EROI on all our fossil energy sources gets below 1 we won't be able to use any, despite some of it still being in the ground.
A better analogy than peak wheat would be: this is like peak fish except we now have better bottom trawling fishing nets, and electric pulse fishing to be able to get the last remaining fish out there.
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- iammisc 5y agoExcept it makes total sense. There is a clear transition happening to non oil energy sources. Oil is a fungible good with alternate energies for many applications. It makes no sense to talk about peak oil if oil demand will soon greatly lessen. As technology increases with oil extraction and alternate energy sources come into play, the peak oil scenario will likely not be realized.
- mrpopo 5y ago> There is a clear transition happening to non oil energy sources. No transition. Energy usage is stacking up. Globally, renewable energy sources are built in addition to fossil energy sources. See source below - compare relative vs. absolute : https://ourworldindata.org/grapher/global-energy-substitution?stackMode=relative&country=~OWID_WRL https://ourworldindata.org/grapher/global-energy-substitutio... Peak oil doesn't care that the relative share of oil as an energy source is decreasing (which is true) . It's the global number of oil barrels extracted out of the ground that matters.