Instead of just "maturing," this article could have emphasized that gassy bloat is a Peak Oil precursor, since Peak Permian is essentially a global peak, which could trigger a worldwide depression in connected nations.
Man has experimented with energy for thousands of years and never quite hit the wall of no viable replacements, e.g. whale oil with petroleum. It's always been assumed the next big thing would take over, but most people ignore the vast difference in scale between sprawling "renewables" and fossil fuels that build & back up the former.
Even nuclear fusion can't replace many fossil fuel functions, given that electricity is only about 1/5th of total energy use. I'd worry more about economic collapse than picking this or that investment!
Good article. I just think there's too much monetary analysis when basic survival is at stake. Shootings in gas lines are inevitable, plus EV charger conflicts where people are stuck waiting on the best days.
The 2008 oil price shock and subsequent fracking bailout is still called "The Financial Crisis" when the root trigger was a global conventional crude oil plateau making fragile money schemes crash. Money-obsessives pretended energy costs were somehow incidental, then took shale oil for granted as long-lived.
The first major U.S. (conventional) oil peak manifested in the Federal 55 MPH speed limit, barely explained to the public to mask our new dependence on OPEC. Now, we've got 80 MPH limits while oil gets scarcer every second. People just grab what's cheaply available, then elect populists who blame environmental regulations for diminishing returns.
Instead of just "maturing," this article could have emphasized that gassy bloat is a Peak Oil precursor, since Peak Permian is essentially a global peak, which could trigger a worldwide depression in connected nations.
Man has experimented with energy for thousands of years and never quite hit the wall of no viable replacements, e.g. whale oil with petroleum. It's always been assumed the next big thing would take over, but most people ignore the vast difference in scale between sprawling "renewables" and fossil fuels that build & back up the former.
Even nuclear fusion can't replace many fossil fuel functions, given that electricity is only about 1/5th of total energy use. I'd worry more about economic collapse than picking this or that investment!
Already talked about peak shale here: https://www.hfir.com/p/important-the-peak-in-us-oil-production
Good article. I just think there's too much monetary analysis when basic survival is at stake. Shootings in gas lines are inevitable, plus EV charger conflicts where people are stuck waiting on the best days.
The 2008 oil price shock and subsequent fracking bailout is still called "The Financial Crisis" when the root trigger was a global conventional crude oil plateau making fragile money schemes crash. Money-obsessives pretended energy costs were somehow incidental, then took shale oil for granted as long-lived.
The first major U.S. (conventional) oil peak manifested in the Federal 55 MPH speed limit, barely explained to the public to mask our new dependence on OPEC. Now, we've got 80 MPH limits while oil gets scarcer every second. People just grab what's cheaply available, then elect populists who blame environmental regulations for diminishing returns.