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Back to normal, as in, new oil just magically appeared? Regardless of international situations, and I feel strange needing to say this, we will run out of cheap

Back to normal, as in, new oil just magically appeared? Regardless of international situations, and I feel strange needing to say this, we will run out of cheap oil. We will also run out long before the creation of a good petrol alternative for ICE vehicles. Alternatives are how the less than wealthy are going to make it thru. For example, I have arranged my life to not need a car. Wasnt easy and I need to spend my car money on a house but it is what it is.

l30n4da5 5y ago
> I have arranged my life to not need a car Location very much takes a role in being able to do this, I think.
travisporter 5y ago
ugh magically appeared is true kinda with opec pulling levers as they feel like it. I dream of a no car life. Hate driving but it’s really tough in the US. Was in heaven for a week when I visited Switzerland
nradov 5y ago
New oil "magically" appears all the time as drilling companies find new fields and improve extraction technology. Most recently the invention of fracking made a huge difference in supply. We will never run out, but over an extended period we can expect prices to gradually increase (with some temporary fluctuations). There's still a lot of room to increase the fuel efficiency of ICE vehicles with hybrid power trains and lighter parts.
- thghtihadanacct 5y ago
  Wait, are you saying we will never run out of cheap oil? Sure, there will still be drillable oil in my lifetime but it isnt going to be used to push cars around. I am also willing to bet, insofar as getting rid of all my ICE vehicles and getting solar going etc, that petroleum products are going to be prohibitively expensive in the next 10-15 years. There is more intrigue to oil than just the cost of turning it into gas.
  - nradov 5y ago
    I am saying that in 15 years, gasoline will still be affordable for routine use by middle class people in developed countries. It will be a little more expensive but not prohibitively so. Look at long term trends for consumption versus proven reserves. More oil is found every year, and technical advancements keep making it economical to squeeze more out of existing fields. Solar power doesn't do much to reduce petroleum demand.

l30n4da5 5y ago

> I have arranged my life to not need a car Location very much takes a role in being able to do this, I think.

travisporter 5y ago

ugh magically appeared is true kinda with opec pulling levers as they feel like it. I dream of a no car life. Hate driving but it’s really tough in the US. Was in heaven for a week when I visited Switzerland

nradov 5y ago

New oil "magically" appears all the time as drilling companies find new fields and improve extraction technology. Most recently the invention of fracking made a huge difference in supply. We will never run out, but over an extended period we can expect prices to gradually increase (with some temporary fluctuations). There's still a lot of room to increase the fuel efficiency of ICE vehicles with hybrid power trains and lighter parts.

thghtihadanacct 5y ago
Wait, are you saying we will never run out of cheap oil? Sure, there will still be drillable oil in my lifetime but it isnt going to be used to push cars around. I am also willing to bet, insofar as getting rid of all my ICE vehicles and getting solar going etc, that petroleum products are going to be prohibitively expensive in the next 10-15 years. There is more intrigue to oil than just the cost of turning it into gas.
- nradov 5y ago
  I am saying that in 15 years, gasoline will still be affordable for routine use by middle class people in developed countries. It will be a little more expensive but not prohibitively so. Look at long term trends for consumption versus proven reserves. More oil is found every year, and technical advancements keep making it economical to squeeze more out of existing fields. Solar power doesn't do much to reduce petroleum demand.