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> we have reached peak oil That's just not true. If it were, oil production would decrease every year from the current year onward. It's actually been increasi
by quotemstr 2y ago
> we have reached peak oil
That's just not true. If it were, oil production would decrease every year from the current year onward. It's actually been increasing, and given recent discoveries of large unconventional reserves in the US and elsewhere, we can keep on increasing oil production every year for a long time.
See https://ourworldindata.org/grapher/oil-production-by-country?country=QAT~OMN~SAU~NOR~IRQ~USA~ARE~OWID_WRL https://ourworldindata.org/grapher/oil-production-by-country...
> extracting oil will consume more oil than it produces.
Huh?
1) EROEI is still strongly positive in fossil fuel extraction, and
2) even if it weren't, we'd still extract fossil fuels.
Given the utility of petroleum as a chemical feedstock and energy-dense fuel for aviation, we're going to keep extracting the stuff long after it becomes EROEI-negative. It makes perfect sense to spend 1.2 units of nuclear/solar/etc. energy to extract 1.0 units of oil energy if that oil energy meets a need that nuclear/solar/etc. can't satisfy.
You can't make legos out of uranium.