It's not even 'peak oil' if supply can't keep up with the growth in demand, price will sky rocket. I don't think we are that far away from that situation. The maximum rate that can be pumped is also governed by geology.
It isn't governed completely by geology in fact. It never runs out is that conspiracy. The Earth keeps producing more. Like the once extinct Texan fields, or the Calfornian ones. What about Azerbaijan or Libya, the first. Still producing ever more.
The problem is it causes shit to the Planet, another conspiracy, like tectonics, and a cooling core. Conjecture, but not without merit. They haven't touched that part of it, other than there's a magnetic field, it's got ore in it, quick strip mine it. No other consequence, other than consumption.
Although stating it's running out, is nonsense. It really doesn't like that.
But it's all about the nukables/renewable nuclear energy for even more dystopian gimmicks. They are far less energy reliant, most could stock oil and propane, they cannot in bad weather where electric lines are down and then you freeze, costing far more. Because it always needs another top up with even more debt from a meter ringing up a dodgy taxi fare, requiring even more globohomo services. Where that Corp makes its shit here and there and then when the lights go out, you cannot get a basic charge, let alone even more resource heavy production, strip mining the land for even more intensive resources. Like all that shit in a smartphone, computer breaking the next day for an even better one.
Most oil fields follow a very predictable bell curve. The shape of that curve can be changed with modern technology, such as horizontal wells and water injection etc. But they still deplete. If they magically just refilled no one would bother spending billions every year drilling new wells.
Plenty more I can link outside of the above discourse.
There is a real conspiracy behind it. Where it can be found in many more places Planetary. But it's the demand and it's also the rackeetering behind it. Billions supposedly spent on new finds are also from the increasing demand. Reiterate where it has run out. Many of the very first fields are still producing correct? We did that last comment.
They've also sanctioned far more reserves, like Venezuela and many others.
Of course , the silly EIA projections are still showing growth for production above 2018 levels by 2023, but this remains doubtful (not only due to worldwide recession reasons) and even if it happens, will most likely be short-lived due to high prices.
It's not even 'peak oil' if supply can't keep up with the growth in demand, price will sky rocket. I don't think we are that far away from that situation. The maximum rate that can be pumped is also governed by geology.
It isn't governed completely by geology in fact. It never runs out is that conspiracy. The Earth keeps producing more. Like the once extinct Texan fields, or the Calfornian ones. What about Azerbaijan or Libya, the first. Still producing ever more.
The problem is it causes shit to the Planet, another conspiracy, like tectonics, and a cooling core. Conjecture, but not without merit. They haven't touched that part of it, other than there's a magnetic field, it's got ore in it, quick strip mine it. No other consequence, other than consumption.
Although stating it's running out, is nonsense. It really doesn't like that.
But it's all about the nukables/renewable nuclear energy for even more dystopian gimmicks. They are far less energy reliant, most could stock oil and propane, they cannot in bad weather where electric lines are down and then you freeze, costing far more. Because it always needs another top up with even more debt from a meter ringing up a dodgy taxi fare, requiring even more globohomo services. Where that Corp makes its shit here and there and then when the lights go out, you cannot get a basic charge, let alone even more resource heavy production, strip mining the land for even more intensive resources. Like all that shit in a smartphone, computer breaking the next day for an even better one.
Most oil fields follow a very predictable bell curve. The shape of that curve can be changed with modern technology, such as horizontal wells and water injection etc. But they still deplete. If they magically just refilled no one would bother spending billions every year drilling new wells.
Yes and no. https://www.quora.com/Does-it-really-take-centuries-for-oil-to-form-Under-conspiracy-theories-has-the-oil-industry-created-a-false-shortage-to-make-more-money?share=1
Plenty more I can link outside of the above discourse.
There is a real conspiracy behind it. Where it can be found in many more places Planetary. But it's the demand and it's also the rackeetering behind it. Billions supposedly spent on new finds are also from the increasing demand. Reiterate where it has run out. Many of the very first fields are still producing correct? We did that last comment.
They've also sanctioned far more reserves, like Venezuela and many others.
We've been on oil production plateau since 2018, then drop in 2020 through covid lockdowns, now barely climbed back to start of 2018 levels.
https://th.knoema.com/production/images/3928800/wcjyf1gs.png
Of course , the silly EIA projections are still showing growth for production above 2018 levels by 2023, but this remains doubtful (not only due to worldwide recession reasons) and even if it happens, will most likely be short-lived due to high prices.
https://www.eia.gov/outlooks/steo/images/Fig6.png
Yeah sure it is. Have a downvote.