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TBH tho, the biggest drop in consumption will come when we stop using so many fucking plastics everywhere - like straws and cups and the like. That will sort it.
Remember, it's easier to criticise than create!
Remember, it's easier to criticise than create!
monster trucks for school runs, throwaway upgrades tech fashions, bitcoin mining energy wastege etc. it's obscene.
it's not our planet to destroy. we are one species among millions & need to fit in far more responsibly.
so bring the power cuts on. since no amount of rational argument seems to get through to the the perpetrators, then i'm all for a crisis. reap what you sow, humanity!
Now I would be more concerned about fellow creatures on the planet.
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Football is rubbish.
The problem is not that oil will run out. It’s that there’s already too much to safely be burned.
But there are signs that new technology may make that less attractive. If demand for oil as a fuel - currently by far the largest use - falls, then obviously it will last longer for other purposes.
"Take these three items, some WD-40, a vise grip, and a roll of duct tape. Any man worth his salt can fix almost any problem with this stuff alone." - Walt Kowalski
"Only two things are infinite - the universe, and human stupidity. And I'm not sure about the universe." - Albert Einstein
Seriously: If you value it, take/fetch it yourself
"Conventional" sources of oil may have peaked, or will do shortly. It's newer stuff like tar sands and shale gas that has stopped output dropping.
Newer technology is also making it possible to get oil out that was previously thought to be impossible to extract.
The underlying theory is sound. If you look at individual fields, a lot of them have peaked. In some cases they are well past their peaks. Look at the North Sea. Production is less than 40% of what it was at its peak:
Graph taken from here:
https://uk.reuters.com/article/uk-northsea-oil/uk-north-sea-oil-output-to-resume-decline-after-brief-respite-idUKKBN1H2142
There are several other major fields where production has fallen a lot as well. The Cantarell field in Mexico used to produce 2.2 million barrels per day. It's now only about a quarter of a million.
The real issue is over the health of the big Saudi fields like Ghawar. As far as I know, they are now pumping water in to keep the pressure up, but if that starts to decline, or they start to get lots of water in the stuff they extract, then it will cause real problems.
The oil they are getting now is harder to extract. That's why the price of oil is around $70 per barrel not the $25 per barrel it used to be. As the price goes up, it becomes economical to extract oil from difficult environments, that they would never have bothered with 20 years ago.
At some point the Ghawar field in Saudi Arabia will peak. When that happens production will fall.
Changing technology, and the move to electric cars (whether battery or fuel cell) will reduce demand. If Ghawar peaks, oil price rises will accelerate this. At this point in time, it's likely that fall in demand will be the main driver of the market, rather than limits on production.
As others have said above though, we need to be cutting oil use for other reasons, not just simple economics. If governments do aggressively pursue low carbon policies, that will mean some of the oil is left in the ground.