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Except 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 applicatio
by iammisc 5y ago
Except 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.