2 ms·
We're very nearly at the 2018 peak anyways [1]. The stock is so big relative to the flow that I can't imagine how anyone has confidence in claims like this. Ev
by InefficientRed 4y ago
We're very nearly at the 2018 peak anyways [1].
The stock is so big relative to the flow that I can't imagine how anyone has confidence in claims like this. Even if we will completely run out of extractable oil in N years, consumption could continue to grow for the next M << N years.
[1] https://www.eia.gov/outlooks/steo/report/global_oil.php https://www.eia.gov/outlooks/steo/report/global_oil.php