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A comment on Earth had hottest 3-months on record; unprecedented sea temps & extreme weather. Parent comment

Re:Earth had hottest 3-months on record; unprecedented sea t... by dopidopHN on Sunday September 10, 2023 @05:42PM (#37460366)
I never heard that projection before. Because demands will plumet?

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 )

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Re:Earth had hottest 3-months on record; unprecedented sea t... by RandomLensman on Monday September 11, 2023 @04:09AM (#37464328)
Once oil is used only marginally for fuel and heating, the demand will be a lot less (minus 80% or thereabouts) and going after difficult to extract sources might indeed not be economical but also not needed to satisfy demand (unless this happens very very late).

During the transition there could be cost spikes at demand levels that are awkward to fill without expensive resources, though.

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Re:Earth had hottest 3-months on record; unprecedented sea t... by dopidopHN on Monday September 11, 2023 @07:22AM (#37465616)
Motor véhicule is 50% and aviation 5%, idk about heating.

So we assume that we replace all explosion engine by EV. Correct?

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Re:Earth had hottest 3-months on record; unprecedented sea t... by RandomLensman on Monday September 11, 2023 @09:10AM (#37466715)
Mostly replace, yes, there is also electricity generation via oil to be replaced.
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Re:Earth had hottest 3-months on record; unprecedented sea t... by dopidopHN on Monday September 11, 2023 @04:27PM (#37473201)
And we talking about individual cars & trucks. Correct ? Not mass transportation. Can we build that much batteries, lithium wise ?
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Re:Earth had hottest 3-months on record; unprecedented sea t... by RandomLensman on Tuesday September 12, 2023 @03:36AM (#37477883)
Everything (with perhaps a few exceptions like aviation that might use fossil fuels longer). Also, don't think it will all be batteries (and then all lithium), as there are other ways to store electricity, too.
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