How long before we feel the effects of net energy production falling, and failing to keep up with growing populations?
Net energy decline
Luis Powell
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Levi Sanchez
As in the infrastructure or production?
Leo Roberts
Production. Though I could see the infrastructure being a problem as well, though I don't know that it would be the primary issue.
Thomas Barnes
I'm in electrical engineering so i can assure you that infrastructure won't be a problem if you live in developed country.
As well as production since we're seeing massive progress in alternative energy as well as more efficient means of using coal and oil.
The real threat to energy production is the profits and trade wars
Robert Ortiz
>massive progress in alternative energy
Honest question, what qualifies as massive? Because renewables only account for around 8% of energy production in the U.S. and wind counts for 5% of that.
Nuclear seems like the only worthwhile alternative but...
>plants in the U.S. are going bankrupt
>decommissioning costs are ridiculous
Shale is also only alive because of government subsidies, which cannot continue forever.
Kevin Moore
Saudi Arabia is projected to run out of oil somewhere between 2025 - 2035. Saudi Arabia is the largest producer of oil by far. (They have the largest wells of any country) although there are no real hard numbers of this because this is a state secret.
If they are about to run out, that raises the question: how long untill the entire world has run out?
Fracking will be somewhat of a bandaid. But it's a bandaid for a big gushing open wound. Every country on this planet that is an oil producer keeps the amount of oil they project is left in the wells state secret (with the exception of Norway)
So A: they secretly have way more left then what they are telling us, just to jack up the prices.
Or B: they know that the offset of oil is not going to satisfy the demand (protip: it already isn't) and this is going to lead to a economic and probably societal collapse.
Why? Because it's oil what keeps this world go around. Not only is it a crucial component of basically every industry out there (from agriculture to energy production)
Had we invested in replacing oil with different technologies since the 40-50ties, then we would have probably been alright in this day and age. But we didn't. Growth and a more comfortable lifestyle was deemed more important and just like immigration policies and environmental tactics of the last 75 years YOU are going to pay for it. Most likely not with petrodollars, but with your life.
Personally I blame MTV.
Aiden Rodriguez
Venezuela has more oil than Saudi Arabia. Also suspect Russia has more oil under Siberia in deep wells as both countries combined. We ain't running out of the juice for 200 years for sure. All those stats published in 70s and 80s are bs. Remember murrica got both oil crysis and stock market crashes in that era. You want all these ivory tower nerds like Nate Silver to be able to predict.
If we have a "crisis" it will be artificial supply control like with diamonds to get the price up.
Carson Rogers
>If they are about to run out,
Then why is China buying into Saudi ARAMCO if that was the case?
Daniel Ortiz
Would you mind giving me some data and sources on that Venezuela thing? I am intrigued. Also please bear in mind that
A: Venezuela might not have enough oil for the entire world.
B: you don't account for the energy that is invested for what you get back. Siberia is a long way away. And it might take more energy to pump up that oil then there is actually in the well. Especially because most of that oil in in or around the the most northern part of the Bering sea. Witch is not at all easy to get to.
Just because there might still be some wells left doesn't mean that we can get to it, nor that it is actually worth drilling it up. Although given that it becomes more economical viable as time passes and we are running out.
Oliver Martin
As the economy shrinks and goes South power usage will drop.