'Keeping most of the remaining oil in the ground will be a task of urgency and complexity, one that cannot be accomplished under a business-as-usual growth economy.'
Will civilization collapse because it's running out of oil? That question was debated hotly almost 20 years ago; today, not so much. Judging by Google searches, interest in"peak oil" surged around 2003 , peaked around 2005, and drifted until around 2010 before dropping off dramatically.
Well, civilization hasn't imploded for lack of fuel—not yet, at least. Instead, oil has gotten more expensive and economic growth has slowed."" produced in the US with fracking technology came to the rescue, sort of. For a little while. This oil was costlier to extract than conventional oil, and production from individual wells declined rapidly, thus entailing one hell of a lot of drilling.
Nevertheless, those who've engaged with the oil depletion literature have tended to come away with a few useful insights:Fossil fuels enabled a dramatic expansion of energy usable by humanity, in turn enabling unprecedented growth in human population, economic activity, and material consumption. Similar EROI values will be necessary for energy alternatives if we wish to maintain our complex, industrial way of life.Now a new research paper has arrived on the scene, authored by Jean Laherrère, Charles Hall, and Roger Bentley—all veterans of the peak oil debate, and all experts with many papers and books to their credit. As its title suggests , the paper mainly addresses the question of future oil production.
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