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Um it's related to 2 threats: climate change and limited ressources. Overall oil reserves are diminishing, not because of climate activism, but because of physi
by pl-94 5y ago
Um it's related to 2 threats: climate change and limited ressources. Overall oil reserves are diminishing, not because of climate activism, but because of physical laws. The Wikipedia page about oil peak is worth reading it.
One way or the other, we'll have to learn living without oil and gas abundancy in the next decades. The question is more: are we going to be prepared for it?
- jeffreyrogers 5y ago> Overall oil reserves are diminishing This is a dubious claim.[0] It depends a lot on technology and how hard we look for oil. Which was my point. If we disincentivize O&G exploration there will be less O&G produced. If we force O&G producers to lessen production and then renewables cannot be scaled fast enough there will be an energy supply shortfall that cannot be overcome quickly. Obviously at some point we will run out of O&G and need to be switched over to renewables (with or without nuclear), but doing it prematurely is risky because of the downstream effects of high energy prices and the fact that every institution in the modern world is premised on ever increasing access to energy. [0]: https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=RCRR01NUS_1&f=A https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=R...
- pl-94 5y agoNo we can't deny that oil reserves are strongly diminishing [0]. It doesn't mean that one day we will completely stop using oil. But the cost of extraction will always be increasing, inducing a reduction of its consumption. [0] https://en.m.wikipedia.org/wiki/Peak_oil https://en.m.wikipedia.org/wiki/Peak_oil