| ▲ | crystal_revenge 5 hours ago | |
> Oil is over Then why has both global [0] and US [1] consumption been rising year-over-year for the last few years and projected to continue to rise [2]? All those articles you're posting about short term changes in the dynamics of the oil market (except China, which is remains a net energy importer only because of oil, so they have a strong strategic reason to reduce oil depdence, though they still use quite a bit[3]). Btw I'm not citing these things because I'm a big supporter of hydrocarbons or against green energy (which will continue to grow with or without boosters, since there is a real demand for that energy), but more so a realist pointing out that we are absolutely not making any progress in reducing our global need for hydrocarbons. 0. https://ourworldindata.org/grapher/oil-consumption-by-countr... 1. https://afdc.energy.gov/data/10324 2. https://www.eia.gov/outlooks/steo/report/global_oil.php 3. https://en.wikipedia.org/wiki/Coal_in_China#/media/File:Chin... | ||
| ▲ | bryanlarsen 5 hours ago | parent | next [-] | |
That's like asking "why is the train still moving even though the brakes are on"? Not very long ago not only was consumption increasing every year, it was increasing at an increasing rate every year. And that increasing rate was itself increasing not so much time before that. We've reversed the 3rd derivate, and we've reversed the 2nd derivative. If the 2nd derivative is negative for sufficient time, the 1st derivative will itself go negative. Looks like it'll happen this year, but the year's not over yet. The first derivative is consumption. The 0th derivative is amount of carbon in the air. For that to go down would require a carbon negative economy which I don't have much hope for. | ||
| ▲ | 5 hours ago | parent | prev [-] | |
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