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> You can say that eventually we'll run out of [resource] but as we do the price goes up making alternatives more attractive. Except for oil. Oil is basically
by pjerem 2y ago
> You can say that eventually we'll run out of [resource] but as we do the price goes up making alternatives more attractive.
Except for oil. Oil is basically what backs the global economy. What it means is that when oil’s prices are raising a little, the global economy just automatically slows down enough to reduce the demand and keep the prices where they are.
That’s why oil prices are an illusion.
But more importantly, the issue with oil is not (only) the price, it’s that there is still enough oil reserves for the humanity to fuck the climate for thousands of years.
In both case we are going to lack oil. But we will suffer pretty differently given it’s voluntary or not.