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Peak Oil, Round II.

Discussion in 'Environmental Discussion' started by hill, Aug 11, 2019.

  1. hill

    hill High Fiber Member

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    It may very well be that tumbling renewable prices, rather than exhausted wells will be the final factor in 'exhausting' (pun intended) much of the world's petro-dependancy, according to the world's 8th largest bank;

    One of the world’s largest banks thinks the writing is on the wall for the oil industry – ThinkProgress

    Side note - If much of the u.s. dollar value is based on OPEC trading in u.s. petrodollars, such decrease in oil use could impact the U.S. economy though - right?
    But at least we'd have cleaner air

    .
     
    #1 hill, Aug 11, 2019
  2. bisco

    bisco cookie crumbler

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    not sure they're right, but even if they are, it's such a slow process, adapting and adopting will be fairly easy to all except the most stubborn
     
    #2 bisco, Aug 11, 2019
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