{"id":65122,"date":"2023-03-02T07:29:31","date_gmt":"2023-03-02T12:29:31","guid":{"rendered":"https:\/\/olduvai.ca\/?p=65122"},"modified":"2023-03-02T07:29:31","modified_gmt":"2023-03-02T12:29:31","slug":"the-end-of-the-oil-age-gets-postponed-again-really","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=65122","title":{"rendered":"The End of the Oil Age Gets Postponed Again. Really?"},"content":{"rendered":"
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The End of the Oil Age Gets Postponed Again. Really?<\/a><\/h3>\n<\/div>\n
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Photo by\u00a0Diyar Al Maamouri<\/a>\u00a0on\u00a0Unsplash<\/a><\/figcaption><\/figure>\n

It looks like we have to wait a little more to see the end of the oil age. Our desire to burn more and more stuff knows no limits \u2014 at least not when talking about the foreseeable future.\u00a0<\/em>Statements<\/em><\/a>\u00a0like \u201coil will be needed for at least another 10 years\u201d or \u201cindependent experts agree that global oil and natural gas demand will increase over the next 30 years\u201d<\/em>\u00a0<\/em><\/strong>suggest that transitioning to \u2018renewables\u2019 will have to wait a little. Will we burn as much carbon as we see fit then? Well, as usual, reality will have a thing or two to say in the matter.<\/em><\/p>\n<\/div>\n

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Up <\/span>until the war in Eastern Europe broke out and a wast array of sanctions were unleashed on one of the world\u2019s biggest fossil fuel supplier, the ruling meme on how the oil age would end was called \u2018peak oil demand\u2019<\/em>. According to this myth, pushed by mainstream media, \u2018progressive\u2019 oil companies and high tech automakers, we would eventually reach a peak in fossil fuel\u00a0consumption<\/em>\u00a0as we seamlessly transition into an electrified road transport powered by \u2018renewables\u2019. Demand increase for oil would thus stop at some point in time, then start to fall gently like a feather on mom\u2019s belly. The climate would be saved, meanwhile everybody could keep on shopping and consuming happily as if nothing happened.<\/p>\n

British Petrol (or BP for short) has famously put this\u00a0\u2018peak demand\u2019<\/em>\u00a0date into 2019 \u2014 a forecast they would quickly\u00a0backtrack<\/a>\u00a0two years after. A couple of more years into this brave new world, and after years of unprecedented shortages, the world has started to realize that fossil fuels might indeed be needed for a while down the road.<\/p>\n

\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The End of the Oil Age Gets Postponed Again. Really? Photo by\u00a0Diyar Al Maamouri\u00a0on\u00a0Unsplash It looks like we have to wait a little more to see the end of the oil age. Our desire to burn more and more stuff knows no limits \u2014 at least not when talking about the foreseeable future.\u00a0Statements\u00a0like \u201coil will […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[5331,1729,5224,617,15442,32578],"class_list":["post-65122","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-oil-age","tag-oil-and-gas-industry","tag-peak-demand","tag-peak-oil","tag-renewables","tag-the-honest-sorcerer"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65122"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65122\/revisions"}],"predecessor-version":[{"id":65123,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65122\/revisions\/65123"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}