/sci/ - Science & Math

oil will simply become too expensive to use as a fuel and we will switch to algal biofuel, electric, or some alternative. petroleum will still exist, it will just be more expensive and used for chemical purposes.

besides, there are many solutions to petroleum based agriculture such as agroforestry and permaculture.

There are many different prognosises and as always they differ quite alot.

But it seems "peak" is estimated somewhere between now and 50 years depending on source.

Anyway, we are good for our lifetime.

>>1402273

no that is simply not true. We tend to look at it in numbers and try not to think of the social consequences. If you talk to a oil field geologists for a day, i am sure the subject will be brought up.

Keep in mind this, the only true meaning of peak oil is that oil prices rise because of reduced supply and higher demand. All peak oil is, is when the demand out reaches the supply and we can no longer exponentially increase production of oil. It is taking longer, and it is harder to extract oil now. All the easy to reach, and thus cheaply drilled sweet crude has already been mostly used up. The heavy crude as we call it is costs a lot to process, so much so that it really starts to eat away at the profitability of drilling in the first place.

Oil shale uses more energy to extract the oil then we get out.

Most of the oil left is in politically unstable parts of the world, OR under miles of ocean, that means more ultra deep drilling = more cost.

While counties like China and India are growing and their demand for oil is raising.

Oil prices dropped after the economy fall, because this is what is known as "peak demand", meaning when the economy is booming, energy(oil) is in demand, thus it raises the price. When the economy falls energy(oil) demand also falls, and thus so does price. (When factories are closed, no energy is used.)

And I PROMISE YOU, speaking as someone who works in the energy industry... oil prices WILL rise when the economy starts to grow. When prices skyrocket again, it will yet again crash the economy.

And down and down we go. This is the way it is going to be for decades until we move off of a oil based economy, so get used to it.

>>1402273

no that is simply not true. We tend to look at it in numbers and try not to think of the social consequences. If you talk to a oil field geologists for a day, i am sure the subject will be brought up.

Keep in mind this, the only true meaning of peak oil is that oil prices rise because of reduced supply and higher demand. All peak oil is, is when the demand out reaches the supply and we can no longer exceptionally increase production of oil. It is taking longer, and it is harder to extract oil now. All the easy to reach, and thus cheaply drilled sweet crude has already been mostly used up. The heavy crude as we call it is costs a lot to process, so much so that it really starts to eat away at the profitability of drilling in the first place.

Oil shale uses more energy to extract the oil then we get out.

Most of the oil left is in politically unstable parts of the world, OR under miles of ocean, that means more ultra deep drilling = more cost.

While counties like China and India are growing and their demand for oil is raising.

Oil prices dropped after the economy fall, because this is what is known as "peak demand", meaning when the economy is booming, energy(oil) is in demand, thus it raises the price. When the economy falls energy(oil) demand also falls, and thus so does price. (When factories are closed, no energy is used.)

And I PROMISE YOU, speaking as someone who works in the energy industry... oil prices WILL rise when the economy starts to grow. When prices skyrocket again, it will yet again crash the economy.

And down and down we go. This is the way it is going to be for decades until we move off of a oil based economy, so get used to it.