2 ms·
The Pacific Ocean is finite, but if I try and empty it with a bucket or even a fire truck, it might as well be infinite. Most explanations of 'peak' hydrocarbo
by brc 12y ago
The Pacific Ocean is finite, but if I try and empty it with a bucket or even a fire truck, it might as well be infinite.
Most explanations of 'peak' hydrocarbons make two errors - the first is that they don't understand what reserves are, and the second is that they don't factor in technological innovation as a cost reducing force. People like to throw around 'moores law' as applying to solar and that it will cause it to overtake other energy - but what they forget is that moores-law changes also apply to extraction technology, mind that EROEI continues to favour hydrocarbon based technology, and will do so for a long, long time.
- api 12y agoStart with buckets but add exponential growth. The Pacific will be empty in short order. 1 bucket, 2, 4, 8, 16, 32, 64, ...