Oil Companies Plan to Blow Past World Carbon Budget
theguardian.com
theguardian.com
What I ultimately absorbed from the book is that oil production and consumption is inextricably tied into the global economy and only aggressive, binding, legislation can separate it. Technology -baring some moonshot energy breakthrough that’s absurdly cheap and easy to adopt overnight— will not save us; the oil will keep flowing and more will flow each year.
That, or the eventual depletion of oil. My gamble is more on this than politics ever getting it done.
That’s true too, barring some 1970’s-like energy crisis also I think. Though, my understanding of peak oil arguments is that as drilling technology improves we can extract deeper oil that is not previously counted as extractable. So peak oil is this constantly shifting target 30-40 years away. We will run out, yes, but no time soon. Oil companies and national economies will continue to drive up production until then.