Quote:
Originally Posted by SeeGeeWhy
Quoted for truth, and while Nuttall is correct we need to be cautious.
Our fossil fuel basket is declining in quality. It is taking more and more energy to produce the next barrel than it did to produce the last barrel.
I can dig up some research to back this up but you can see it with your own eyes in our own back yard. This is called the Seneca curve or Seneca cliff, and is really really important to stay away from the edge because everything feels and looks pretty normal until all of a sudden it is taking as much or even more energy to produce that barrel than we get out of it.
That already happens for many energy sources and they’re backed up by other more productive supplies. But with fossil fuels supplying 80% of total global energy demand, it will become very apparent which supplies are pulling their weight and which are not.
Sorry, but geologically sourced fossil fuels have to be swapped out with something more energetically abundant on short order or we will face collapse pressures far sooner than the worst climate change impacts can ever appear.
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There is no shortage of oil, it just needs higher prices to make it economic. As prices rice, more production can happen.