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Electricity can be turned into gas. People do not need to live like US suburbanites. As fossil fuels deplete, this will happen automatically, through the price
by incrudible 4y ago
Electricity can be turned into gas. People do not need to live like US suburbanites. As fossil fuels deplete, this will happen automatically, through the price mechanism. That said, fossil fuels are nowhere near to depletion and may well last for centuries.
- dane-pgp 4y agoTo give a recent estimate[0], here's what McKinsey (the big management consultancy) has to say: > Global fossil-fuels demand is projected to peak between 2023–2025, accounting for a dwindling share of energy use, with oil production dropping by 55 percent and gas production by 70 percent in 2050 You're right that fossil fuels won't be depleted, and they will still be burnt long after their peak, but I don't imagine fossil fuels being extracted at scale next century. [0] https://www.forestvalley.org/for-companies https://www.forestvalley.org/for-companies
- weatherlite 4y ago> That said, fossil fuels are nowhere near to depletion and may well last for centuries. They ARE getting more expensive (see U.S shale oil in the last decade) because the best spots are always mined first. Once gone you have to dig deeper and harder and use increasingly more complex and expensive methods to extract it. At some point you will get negative return on energy - so even if it is there it will be wasteful to extract.
- incrudible 4y ago> They ARE getting more expensive Good.