I survived, and traveled to many, many countries without it. ( car, buses )
Now, I live between two continents. Take plane at least once a year or every other one.
I would still be in favor of plane restriction.
It will happen anyway: but by prices purely and the most affluent of us will be the less impacted.
That what I had in mind. It seems more and more costly to extract it.
Then It might just be not cost effective at all to go dig deeper or use more complex process to get it.
How does that works with current recent trends? Globally we consumed more oil in 2023 than 2022 for instance.
If demand plumet somehow … can we still support a extraction industry ? Recently ( pre 2019 ) shale gaz was worth it because of high prices… then it switched again to lower price and extracting it made little sense ( till next time )
During the transition there could be cost spikes at demand levels that are awkward to fill without expensive resources, though.
So we assume that we replace all explosion engine by EV. Correct?