That’s incorrect. We will not run out of oil. The eroei will go up and increasingly everything will be electrified with cheap solar and wind. Coal is already uncompetitive by price.That’s not to say we won’t have massive warming but demand will start to decline and we will never actually run out of oil.
It was a generalization about some estimates. Your comment is more accurate. We are exhausting scarce and finite resources. Economy will pivot to other sources when the cost is no longer effective.
But all those estimates might be wrong, cars are being electrified faster and the way China basically made all the solar panels worldwide they are making a ton of super cheap EVs. They are cheap and not amazing but they crucially will mean the global south will probably use them and not buy a billion more ice cars.
Demand for oil might drop sharply while there is still plenty of supply in 20-30 years.
That’s incorrect. We will not run out of oil. The eroei will go up and increasingly everything will be electrified with cheap solar and wind. Coal is already uncompetitive by price.That’s not to say we won’t have massive warming but demand will start to decline and we will never actually run out of oil.
It was a generalization about some estimates. Your comment is more accurate. We are exhausting scarce and finite resources. Economy will pivot to other sources when the cost is no longer effective.
But all those estimates might be wrong, cars are being electrified faster and the way China basically made all the solar panels worldwide they are making a ton of super cheap EVs. They are cheap and not amazing but they crucially will mean the global south will probably use them and not buy a billion more ice cars.
Demand for oil might drop sharply while there is still plenty of supply in 20-30 years.