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> I think that true global reserves are much higher than what we know now. That was certainly true of oil. As reserves got depleted, progressively more advance
by nordsieck 3y ago
> I think that true global reserves are much higher than what we know now.
That was certainly true of oil. As reserves got depleted, progressively more advanced techniques allowed people to extract from more difficult locations.
- stouset 3y agoAt ever-increasing costs.
- baq 3y agoAnd decreasing EROI. Maybe you meant that, but it’s worth stating outright, as no amount of money can fix that.
- stouset 3y agoYep, that’s frankly a much bigger deal and something I should have specifically noted.
- kortilla 3y agoIt’s not really a big deal because we have renewables that can fund the extraction. Oil isn’t useful for its contribution to global energy, it’s useful because it’s portable.
- stouset 3y agoRenewables used for extracting oil are renewables that can’t be used for other uses, and this shortfall will need to be made up for by… burning fossil fuels.
- kortilla 3y agoThere is excess renewable generation in regions very frequently and coal can be burned rather than oil in the case fossil fuel is needed. You’re not making a coherent point.
- newyankee 3y agoThe EROI of Solar PV is quite decent. I hope a lot of demand can move to Solar peak at different locations, especially industrial demands.
- BurningFrog 3y agoThat's what I learned from the "Peak Oil" scare/fiasco. Let's not be fooled again!