Eventually, production must go down: there will still be oil that could be, theoretically, extracted, but that we won't be able to afford to extract. This is the essence of the concept of depletion.
Articles: Resource Depletion (521)
In the US; people are driving less. Perhaps there are behavioral factors involved, but "peak mileage" suggest that they are doing that because they can't afford to drive more.
There is a standard view of energy and the economy that can briefly be summarized as follows: Economic growth can continue forever; we will learn to use less energy supplies; energy prices will rise; and the world will adapt.
With public interest in the sharing economy on the rise, a polarisation of views on its potential benefits and drawbacks is fast becoming apparent.
What the IEA has inadvertently stumbled upon is the reason why oil limits are a problem...It looks like there are plenty of resources available and plenty of ways to reduce energy use through mitigation. In fact, it becomes to impossible to finance everything that needs to be done.
A fundamental reorganisation of the way societies produce, manage and consume resources could support a new high-technology civilisation, but this would entail a new "circular economy" premised on wide-scale practices of recycling across production and consumption chains, a wholesale …
Thailand's latest authoritarian turn is a warning to us all.
In order to survive the double threat of resource depletion and climate change we need to move as quickly as possible to a sustainable society based on renewable resources.
“The subsidies we give fossil energy companies are a rounding error relative to the subsidies fossil energy give to society.”
Time to celebrate! Woo-hoo! It’s official: we humans have started a new geological epoch—the Anthropocene. Who’d have thought that just one species among millions might be capable of such an amazing accomplishment?