News for hackers. Stuff that matters.

A comment on The Saudis Are Lying About Their Oil Production?. Parent comment

Re:The Saudis Are Lying About Their Oil Production? by BlueTemplar on Wednesday September 25, 2019 @02:04PM (#21073391)
As you might know, peak oil is not about literally "running out of oil" (and the article I have linked expands on it), and my point is that we are in the very process of hitting peak (conventional+unconventional) oil - actually those attacks on Saudi oil infrastructure might mark this precise point... (or not, but we certainly don't have decades left...)
[ Parent | on HN ]
Re:The Saudis Are Lying About Their Oil Production? by stale2002 on Wednesday September 25, 2019 @02:27PM (#21073664)
Ok, but we aren't currently in that process.

The potential oil production capacity of the world has massively increased, because of fracking.

And if oil prices go up, a whole lot of oil in the US and Canada , become immediately profitable to extract.

I think you are severely underestimating how much non conventional oil there is, that we could start extracting, if it became profitable.

[ Parent | on HN ]