Peak Oil never went away. There are no large undiscovered pockets of light sweet crude out there, and the oil produced by fracking is essentially highly contaminated sludge.
The price of gasoline & plastics will continue to go up, as reserves are drawn down & processing costs continue to climb.
Inevitably, ordinary people will be priced out of being able to buy gas for their cars. There's no avoiding it.
https://www.resilience.org/stories/2025-01-29/only-so-much-oil-in-the-ground-or-gas-for-that-matter/
#FossilFuels #Sustainability #Energy #PeakOil #EROEI #Gas #Fuel
![Only So Much Oil in the Ground… or Gas for that Matter
Chris Rhodes, originally published by Energy Balance
January 29, 2025
A critical component strategy for creating a viable future energy system and addressing climate change, must surely be energy demand reduction (minimisation), e.g. through relocalisation, retrofitting buildings, local food growing, and reducing waste, to curb the size of resource [very much plural] demands, get us below overshoot & avoid collapse (if we can).
Teaser image credit: The zero heating library in Nord Odal, Norway (2020). By Alek14 – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=98483674
The situation will be worsened by the rapidly declining Energy Return on Investment (EROI) for gas & oil liquids which will result in “energy cannibalism”, with less net energy being available for society, as more is consumed by the production of harder to get, diminishing resources...
Meanwhile, shale gas plays may have begun to decline, even as the U.S. is now the world’s largest producer of natural gas & its greatest LNG exporter.
...One day we will run out of oil, it is not today or tomorrow, but one day we will run out of oil and we have to leave oil before oil leaves us, and we have to prepare ourselves for that day. The earlier we start, the better, because all of our economic & social system is based on oil, so to change from that will take a lot of time & a lot of money and we should take this issue very seriously.](https://files.mastodon.social/cache/media_attachments/files/113/912/299/261/771/740/original/f8765bba2626f602.png)
