Oh wow. I remember people sounding the alarm about "peak oil" in the '70s and '80s.
Weird that no one talks about it now that it's happening.
Some bloggers still do. But most people are energy blind, so they fail to see its significance.
But even fracking is on its last legs, yes. And seems the first bottleneck is diesel and bunker fuel, since tight oil is so light while the fracking rigs burn a lot of diesel per unit extracted.
This time he doesn't mention declining EROEI which further reduces available net energy per capita.
Oh wow. I remember people sounding the alarm about "peak oil" in the '70s and '80s.
Weird that no one talks about it now that it's happening.
Some bloggers still do. But most people are energy blind, so they fail to see its significance.
But even fracking is on its last legs, yes. And seems the first bottleneck is diesel and bunker fuel, since tight oil is so light while the fracking rigs burn a lot of diesel per unit extracted.