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Oil may be valuable stuff, but nothing compels competing energy sources to be more expensive, and the cheapest oil fields were developed first, with a few excep
by Arnt 5mo ago
Oil may be valuable stuff, but nothing compels competing energy sources to be more expensive, and the cheapest oil fields were developed first, with a few exceptions. The optimists who want to develop oil fields beneath 3km of water are IMO unlikely to sell at a price that covers their costs.
- tjwebbnorfolk 5mo agoWindmills cannot produce fertilizer or plastic. Oil is useful for a lot more than just energy. On the energy side, of course there will come a day when solar and nuclear will be more economical and plentiful than oil, but that is many decades away.