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by yenwel 1832 days ago
how about physical limitations when oil well's permanently can't restart after stopping because of covid lockdowns and a lot of other reasons (mainly very rich people who became much richer and start looking at commodities at one point to spend their less valuable currency) driving up commodity prices and devaluing currencies pegged to the US dollar. This causes consumers coming under pressure to be able to buy food or shelter since wages are the last thing to rise since inflation is tax on the poor and elderly (see the commodities boom driven by high oil prices and bio fuel crazes preceding the 2008 financial crash and arab spring but at a global scale). Not to mention a lot of baby boomers are retiring burdening all civilized nations (with pensions systems) increasing labor shortages and driving up all prices. TLDR restarting economies hitting limitations and shortages that can't be fixed by printing imaginary money
1 comments

Oil wells running dry would be good in the medium to long term. It would save us a lot of long term pain if oil and coal magically disappeared.
Billions would die and a few more billion would be impoverished if oil magically disappeared. If oil wells ran dry in the medium term (10-30 years?) the world be screwed. Petroleum products are so ingrained in every part of your life, most people have no idea.
You're not wrong, but I think our current level of technology is so basically capable that I think we would actually just adapt pretty quickly, as soon as it becomes .001% economically advantageous to do so.

We would do a combination of both consuming less and developing new forms of what we do consume, especially over a 10-30 year term. I don't mean everyone wakes up anfndecides to care for the planet more than whatever they want to do today, I mean once something becomes expensive enough, we'll just stop doing it.

We've already done things just this year that would have sounded outlandish and impossible. But it eems in fact very little is actually impossible.

The largeness of the numbers doesn't really result in the kind of immovable inertia they imply, for a few different reasons.

1, The huge size of "everything that needs oil" is met by how equally large billions of people are organized into heirarchical structures with magic communication and coordination. Overnight 5 billion people can do something new.

2, All that collossal amount of oil-powered infrastructure is not actually all that long-lived. Ecerything from your toaster to the biggest steel plants to cargo ships to ...everything, it's all actually turning over all the time and nothing ever gets to be 50 years old, just from natural pressure of competition, obsolescense, and simple churn. That means it's really not that remarkable to imagine it all being changed into something else over the course of 30 years, instead of just newer versions of the same things.

We're not ready for that. For example, how can clean energy replace plastic? Billions would die as the sibling comment points out.
With enough energy you can synthesize hydrocarbons from CO2 and water.