Quote:
Originally Posted by Leeman4Gilmour
Maybe this has been talked about in this thread, but aside from climate impacts, there is a supply issue as well. Based on proven reserves and current consumption we have about 50 years of both natural gas (52 years) and crude (47 years) left. I know, I know that's proven reserves and maybe there's another 150 years of unproven kicking around. However, whatever is unproven at this point will likely be expensive as #### to get out.
So, if you're not on the "climate change" wagon championing for transition to renewables, you might as well get on the "we're running out" wagon. Both wagon's end up at the same spot.
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There is a LOT of enhanced oil recovery in both secondary and tertiary that is fairly economic. That doesn't even factor in even more economical discoveries which are still happening frequently. I think we have plenty reserves and I hope we will be at a point where we are leaving reserves in the ground due to technology advancements in renewables or nuclear.