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by 0xffff2
178 days ago
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Does anyone expect there will be a post oil industry? I would assume (with not particular knowledge on the subject mind) that once we wind down oil use for fuel and to some extent plastics, there will be enough oil in the ground to support enough extraction for asphalt and other currently trivial uses indefinitely. |
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We've already hit the point that electric cars are cheaper to operate, yet photovoltaic prices keep falling. Even equipment like electric excavators is now a thing. Batteries keep improving. It'll compound to smaller and smaller fuel, thus oil needs, so there will be less refining, thus less asphalt.
The assumption wasn't that that there will be no oil extraction, it was that there might be a future without tons of almost free road material. But I have zero expertise in oil macroeconomics, the question might've been stupid, I don't know that, haha