Re:The Biggest Saudi Oil Field Is Fading Faster Than Anyone ...
by Iv on Thursday April 04, 2019 @03:32AM
(#19570051)
What I am the most worried about the depletion of oil is that most people assume it will be a bell curve, like US' (conventional) oil production was.
Thing is, it was a bell as people switched to other more profitable sources of oil as US' oil was becoming more expensive. I fear the depletion of world's reserve could look a lot more like a cliff.
The absence of alternatives changes a lot the fundamentals of the problem.
Thing is, it was a bell as people switched to other more profitable sources of oil as US' oil was becoming more expensive. I fear the depletion of world's reserve could look a lot more like a cliff.
The absence of alternatives changes a lot the fundamentals of the problem.