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by defrost
246 days ago
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> will help, here. Yes, it's a useful reminder to those that thought Peak Oil related to oil running out when it fact, as your link shows, it was largely always about the relative costs of energy. I had hoped that globally we would pivot harder into cleaner energies much sooner; the continuation and increase in fossil fuel usage has worsened an issue that much of the world will increasingly encounter in the lifetimes of those born today. |
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"Peak oil relates closely to oil depletion; while petroleum reserves are finite, the key issue is the economic viability of extraction at current prices.[6][7] Initially, it was believed that oil production would decline due to reserve depletion, but [...]" (emphasis mine)