Agreed. That said, oil production will certainly decline sharply for the next 4 years, regardless of policy. This is inevitable. Conventional oil production has been in decline for a decade. The fracking 'miracle' is now over and fracking is in decline. Please be certain to differentiate POLITICAL interference in oil production from GEOPHYSICAL reality with respect to oil production.
The world will never run out of fossil fuels. That's the wrong question. One sensible question might be, "Do geophysical limits to energy production exist and, if so, what are they?"
Another reasonable question might be, "When and how might geophysical limits to energy production influence economic growth of global industrial civilization?"
A third question might be, "Are there rate limits to fossil fuel production and, if so, what are they?"
There is a point when the energy required to extract and refine the product is too high to support this lifestyle.
Two main forces are play, the product from the Earth is becoming harder to obtain and refine. Market demand is growing.
The other main considerations are a barrel of oil has a 20,000+ hour of human physical equivalent, so what's a barrel of energy real price? And at what higher price does it blow up the current financial debt arrangement?
Many of his policies are great but we cannot do another 4 years of democrats killing of oil production!!!
China is now making power moves and the dollar dumping by Saudi Arabia will kill the American petro dollar and as the reserve currency.
Agreed. That said, oil production will certainly decline sharply for the next 4 years, regardless of policy. This is inevitable. Conventional oil production has been in decline for a decade. The fracking 'miracle' is now over and fracking is in decline. Please be certain to differentiate POLITICAL interference in oil production from GEOPHYSICAL reality with respect to oil production.
When do you think the world will run out of fossil fuels ?
The world will never run out of fossil fuels. That's the wrong question. One sensible question might be, "Do geophysical limits to energy production exist and, if so, what are they?"
Another reasonable question might be, "When and how might geophysical limits to energy production influence economic growth of global industrial civilization?"
A third question might be, "Are there rate limits to fossil fuel production and, if so, what are they?"
I like your answer.
There is a point when the energy required to extract and refine the product is too high to support this lifestyle.
Two main forces are play, the product from the Earth is becoming harder to obtain and refine. Market demand is growing.
The other main considerations are a barrel of oil has a 20,000+ hour of human physical equivalent, so what's a barrel of energy real price? And at what higher price does it blow up the current financial debt arrangement?
Maybe $50? Ha!