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Rumblestiltskin@lemmy.ml

Peak oil in US very soon (www.youtube.com)

submitted 2 weeks ago by humanspiral@lemmy.ca to c/economics@lemmy.ml

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perhaps by end of this year, from July EIA. EIA last forecast 2027, that was updated from 2032 in February.

OP says this means that the US will need to import oil to make up the difference, but EVs can help. Solar/wind can help for lower NG (often part of oil drilling byproduct) use.

EVs are only a "negligeable factor" (OP words) in US. Every other developed continent, they are booming.

OP is mostly stupid, my apologies, but the peak oil warning is more real coming from a climate terrorist pigfucking moron.

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[–] humanspiral@lemmy.ca 2 points 2 weeks ago

Price may have a lot to do with peaking US production. Competing exports are driving down the price, as global miles driven is going down from EVs and hybrids.

You're right that this does not have to turn into a shock. The policy all-in on area with low likely development is relying on scarcity that is more likely to be relieved with imports than development for price stability. The dead ender energy all-in is a big strategic mistake that will contribute to US collapse and structural decline.