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Crude oil actually has peaked (note the chart including shale/tar sands/LNG), it's just that the demand has been offset both by the ongoing global recession and
by themgt 12y ago
Crude oil actually has peaked (note the chart including shale/tar sands/LNG), it's just that the demand has been offset both by the ongoing global recession and the growth of other sources.
However, I still have a hard time seeing this as a sustainable path forward. In energy terms it may give us enough time to transition to renewable sources, but the main sources of remaining new carbon are tar sands, fracked shale, and deep-water/arctic drilling, all of which have huge and increasing opposition from local citizens and environmentalists, all of which have a far worse EROEI than traditional crude oil plays, and especially in the case of fracking appear to have absurdly short well lifetimes.
All of this combines I think to demand a fair amount of skepticism for the idea that these alternate sources of carbon can long offset the ongoing peak and eventual decline of crude oil - the EROEI if nothing else seems to metaphysically fuck the idea of transitioning increasing portions of our energy needs to those sources.