5 ms·
That's the question: why would it become uneconomical to extract and process? https://www.worldometers.info/oil/ https://www.worldometers.info/oil/ 47 years o
by igravious 4y ago
That'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...