How long do we have to wait before people give up on fossil fuels?
How long do we have to wait before people give up on fossil fuels?
Question from someone who knows nothing about refining, if we did move away from oil/gas as fuel, would we still have to extract as much to gain the same amount of non-feul petroleum products?
[0] https://energyeducation.ca/encyclopedia/In_a_barrel_of_oil
Also, a producer going bankrupt means their assets are sold for pennies on the dollar which would enable a low cost producer to take over without the huge sunk costs of the original producer.
It's the natural inference from supply and demand (so I agree it's possible), but it's worth keeping in mind that oil is a very big capital-intense business. Extraction, multiple rounds of transport, and refining all have significant economies of scale.
Some of those scale advantages might break down if demand downscaled to any small fraction of current, which could make the fallout unpredictable.
I'm also not sure how fungible a barrel of oil is. That is to say, is the fuel fraction of current production easily repurposed for making plastics, or is that fraction more or less destined to become fuel of some sort? If fixed fractions are just compositionally destined for certain uses, a collapse in demand for those fractions could actually increase the cost of the remaining in-demand fractions since they still have to cover the costs of production.
See also Henry Ford's plastic car made from soybeans, wheat, and corn, and designed to run on hemp fuel. https://en.wikipedia.org/wiki/Soybean_car However, making cars from foodstuffs may be inconsistent with feeding 10 billion people.
What starts to encroach on the biomass used for food is when you start using the sugars (producing ethanol etc) which is what would be used to make plastics (like PE) that are currently made from oil.
Yeah we can quit any time.
> addicted
Nobody’s addicted to anything here. There’s a demand for energy, and a supply of it in the market.
> addicted specifically to fossil fuels
Even if you put aside the frankly silly premise that anything the market has a demand for, it must be addicted to, the demand is for energy, not energy produced in a specific way. If you had two light bulbs, one powered by coal, and another powered by a renewable source, do you think there is a single person in the world that could tell them apart?
> Even if you put aside the frankly silly premise that anything the market has a demand for, it must be addicted to, the demand is for energy, not energy produced in a specific way.
Addiction also is a thing until it doesn't. Addicts can kick their addiction, especially if the underlying need is fulfilled by something else.
> If you had two light bulbs, one powered by coal, and another powered by a renewable source, do you think there is a single person in the world that could tell them apart?
Doesn't matter. The market cares about whether you can sell fossil fuels at a profit. Energy demand is what creates a fossil fuel demand, and our fossil fuel addiction will only end when we're able to close off the fossil fuel tap without immediately collapsing the whole civilization.
I don't think any one is claiming oil is a viable solution long-term, so why are you bothering?
This level of absurd hyperbole really doesn’t help anybody except climate deniers, who can quite rightly say ‘climate activists rely on absurd hyperbole’, or worse.
Hell, people buy new SUVs far bigger than they have any use for and tell us they need it while the politicians try to protect the industry. If we just leave it be we'll never make it.
Probably not that long. Oil extraction is such a resource-intense process that some alternative, be it nuclear or otherwise, will become more economically viable.