Re:Why the World Economy Hasn’t Collapsed Yet
by InefficientRed on Friday July 01, 2022 @04:50PM
(#31952674)
We're very nearly at the 2018 peak anyways [1].
The stock is so big relative to the flow that I can't imagine how anyone has confidence in claims like this. Even if we will completely run out of extractable oil in N years, consumption could continue to grow for the next M << N years.
The stock is so big relative to the flow that I can't imagine how anyone has confidence in claims like this. Even if we will completely run out of extractable oil in N years, consumption could continue to grow for the next M << N years.
[1] https://www.eia.gov/outlooks/steo/report/global_oil.php