|
rudatron posted:Peak Oil is real near term possibility, but they're is plenty of coal and natural gas still out there. Rare earth materials aren't actually that rare, they're only mined in China because that's where is cheapest. There's plenty of oil, too, it's just not as cheap to extract.
|
#
¿
Feb 11, 2017 20:41
|
|
|
|
| # ¿ May 21, 2024 08:30 |
|
|
Paradoxish posted:Peak oil is actually just a prediction about production, not supply. You can have peak oil while there's still plenty of the stuff in the ground, it just has to be so expensive to extract that we don't bother or can't afford to increase production anymore. That's the thing. We're nowhere near that state now. The only reason the massive shale oil fields in Texas, for example, aren't being exploited now is because the Middle East flooding the market has kept the price of crude so low it isn't very profitable to extract. That profit point is ~$80 (Edit:updated) a barrel, nowhere near unsustainably high, but when we're currently seeing ~$50 a bbl also not a priority. Liquid Communism fucked around with this message at 02:21 on Feb 12, 2017 |
|
#
¿
Feb 12, 2017 02:15
|
|