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I believe your theory is essentially peak oil: When the price of extraction exceeds demand. Oil will still be there, but it would be economically unfeasible to

by checker 14y ago

I believe your theory is essentially peak oil: When the price of extraction exceeds demand. Oil will still be there, but it would be economically unfeasible to tap, especially with the rise of alternative fuels.

ars 14y ago
No, that's not peak oil. Peak oil is the point were we have extracted the maximum amount of oil in a given year, after that productions starts reducing - but production could continue for centuries after that.
- wffurr 14y ago
  Physical peak oil is uninteresting. Economic peak oil is much more relevant. Look in to EROEI for a rigorous treatment of the idea.