4 ms·
The kicker is that we're currently only paying the price of extraction, not the true price of the energy itself. Electrification only accounts for a very small
by fiat_fandango 4y ago
The kicker is that we're currently only paying the price of extraction, not the true price of the energy itself. Electrification only accounts for a very small part of the solution since fossil fuels are still immensely important for many other industrial processes that can't simply be electrified.
Interestingly, total net extraction of available oil peaked around 2019 - I'm not sure we'll ever see numbers like that again.
Highly recommend looking into the academic work / podcasts of Nate Hagens. His social theory is flawed in my opinion, but his reasoning on energy is impeccable.