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Because it becomes uneconomical to extract and process? And of course, eventually it will run out if we don't stop using it first.
by MattPalmer1086 4y ago
Because it becomes uneconomical to extract and process? And of course, eventually it will run out if we don't stop using it first.
- igravious 4y agoThat's the question: why would it become uneconomical to extract and process? https://www.worldometers.info/oil/ https://www.worldometers.info/oil/ 47 years of oil left given current reserve estimates, I'd bet my life there's a couple of centuries left at least Interesting top 11: 1 Venezuela 299,953,000,000 18.2% sanctions/attempted coup 2 Saudi Arabia 266,578,000,000 16.2% strategic ally (petrodollar) 3 Canada 170,863,000,000 10.4% neighbour 4 Iran 157,530,000,000 9.5% sanctions/coup 5 Iraq 143,069,000,000 8.7% invaded 6 Kuwait 101,500,000,000 6.1% friendly relations 7 U.A.E 97,800,000,000 5.9% friendly relations 8 Russia 80,000,000,000 4.8% sanctions/global rival 9 Libya 48,363,000,000 2.9% bombed/destabilized 10 Nigeria 37,070,000,000 2.2% friendly? 11 United States 35,230,000,000 2.1% *ahem*
- eru 4y agoReserves are misleading. Because people only declare resources to be reserves that have had enough investment in them to be proven to some level. See https://www.adamsmith.org/research/the-no-breakfast-fallacy https://www.adamsmith.org/research/the-no-breakfast-fallacy for more background.
- ZeroGravitas 4y agoIt will become uneconomical because making the same chemicals, or better replacements, with renewable energy will be cheaper: https://www.enapter.com/newsroom/reaching-price-parity-of-green-hydrogen https://www.enapter.com/newsroom/reaching-price-parity-of-gr...