Re:Tell HN: I think I found Toyota's battery
by tadfisher on Thursday August 03, 2023 @09:55PM
(#36994509)
That's not what Peak Oil means, but I think you know this. The cost of oil will never return to pre-2000s levels because meeting demand necessitates more expensive extraction technologies like shale and offshore. In that sense (the correct one), the prediction of peak oil by 2000 was remarkably accurate.
Re:Tell HN: I think I found Toyota's battery
by ffhhttt on Friday August 04, 2023 @03:01AM
(#36996410)
If you adjust by inflation oil is now cheaper than it was between 1980 and 85.
It's the same thing with many techs. In the 70's we thought we would run out of oil by 2000, and a lot of asshats in the 80's and 90's crowed about how stupid those so-called experts were.
What happened in the 80's and 90's was ground sensing radar found more oil, horizontal drilling found ways to access more of what was there, and zeolites saw widespread use as a catalyst to increase the amount of gas and diesel recovered from a barrel of oil. And over time production of zeolites made that process work better and better. It's very much like when Apple went to non-replaceable batteries. Battery life doubled in that model because 3 different parts of the problem got improvements. Density, volume, and power management all contributed almost 30% each.
Between "Oh Shit" and "Told Ya", we could produce twice as much fossil fuel as we knew how to do at the time. The same will happen with Lithium. Reduce, Reuse, Recycle and Replace.