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Uses = requires right now. Uses also = requires in very massive quantities in order to produce and deploy whatever is going to (partially) replace it. Do you
by abalashov 17y ago
Uses = requires right now.
Uses also = requires in very massive quantities in order to produce and deploy whatever is going to (partially) replace it.
Do you really think wind turbines, solar panels, hydroelectric dams, and nuclear power plants don't require oil to build, construct and, to a nontrivial extent, operate?
- Retric 17y agoWe use Oil for a huge number of things when there are direct substitutes, because it's incredibly plentiful and cheep. EX: Roads. Even in cases when you need Oil due to its chemistry, it's just long chain hydro carbons. And, you can make long chain hydro carbons from many things including Coal and water which are indistinguishable from Oil. The only real question is how fast the price of oil increases, and how long it takes to switch to other substitutes or synthesize it. PS: Even the worst case estimates say the supply will gradually decline over decades so there is going to be a long time to find substitutes. (Less than 25% decline in supply per decade is slow.) What happens to Oil’s price is a separate issue, but that’s far less important than you might think.