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> Fossil fuels reserves are going to collapse in the coming decades Source? Quick internet searches seem to say we have more than 50 years left of coal, oil, a
by justinpombrio 3y ago
> Fossil fuels reserves are going to collapse in the coming decades
Source? Quick internet searches seem to say we have more than 50 years left of coal, oil, and natural gas that we know we can extract. And that will expand as we find more and get better at extracting it.
https://ourworldindata.org/grapher/years-of-fossil-fuel-reserves-left https://ourworldindata.org/grapher/years-of-fossil-fuel-rese...
https://ourworldindata.org/fossil-fuels https://ourworldindata.org/fossil-fuels
To be clear: we do need to dramatically reduce our fossil fuel usage. Just saying that, so far as I can tell, we're not going to run out of anything in the next 30 years.
- MrDresden 3y agoJust speculation, but... What is the lead time in developing new fossil sources? What is the time to profitability? How long will there be political will to greenlight new developments? Depending on those we might run out of the option to increase production of fossil fuels in less time than we have physical reserves for.
- matthewdgreen 3y agoIt costs money to extract those reserves. It even costs money to maintain existing wells that have already been dug. If prices drop below a certain level, those reserves won't ever be accessed.