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Unlikely. Fossil fuel extraction is expensive. It makes sense economically only because theres a lot of demand for it globally and companies can net huge profit

by pm90 4y ago

Unlikely. Fossil fuel extraction is expensive. It makes sense economically only because theres a lot of demand for it globally and companies can net huge profits. Without that kind of global demand, fossil fuel extraction will be limited to keeping the existing facilities open until they dry up. For a preview of the future of oil, we just need to look at what happened to coal.

ElectricalUnion 4y ago
> For a preview of the future of oil, we just need to look at what happened to coal. So people turning nuclear power off and burning lots of coal and gas to compensate?
closedloop129 4y ago
Is there a cheap way to create fertilizers without hydrocarbons? Otherwise there will be demand for them as long as they are available. In other words, it's very likely that we will use all available fossil fuels.
- rightbyte 4y ago
  > Is there a cheap way to create fertilizers without hydrocarbons? There is cow poo if you don't count circulating carbon.
  - Ekaros 4y ago
    I think there is recent experiment about that... My understanding is that it didn't go too well in Sri Lanka...
    - rightbyte 4y ago
      There are only so many cows.
- adrianN 4y ago
  The Haber-Bosch process needs Hydrogen. Currently we get that from Methane, but you can also use electrolysis to produce it.
closewith 4y ago
Hopefully not. Global coal consumption has steadily increased over time. If oil follows the same pattern, we're all dead. https://yearbook.enerdata.net/coal-lignite/coal-world-consumption-data.html https://yearbook.enerdata.net/coal-lignite/coal-world-consum...
- pm90 4y ago
  Coal is a lot more plentiful than oil, and much less concentrated.