remember peak oil doesn't mean no more oil, it means that production can no longer grow to meet demand. But then will demand keep growing? The reason we are so dependant on oil is because it is the most cost-effective energy source. It's also not used for just fuel, but is also used in plastics and lots of other things.
The price of oil will increase, making other energy sources more cost effective in comparison. That will cause the people who can switch to do so. So that means demand for oil won't continue to increase at the linear rate
And there have been big efforts and conserving, A lot more interest in using alternatives like coal or solar in homes. Hybrid cars, renewed interest in electric cars. Wind farms becoming more common. More reliance on rail for transport.
Probably we'll see less reliance on plastics in packaging, things like that.
So most likely peak oil will force us to move to energry diversification. Something that every says needs to be done, but changes usually don't happen until they make economic sense. Peak Oil would provide the economic sense.
The price of oil will increase, making other energy sources more cost effective in comparison. That will cause the people who can switch to do so. So that means demand for oil won't continue to increase at the linear rate
And there have been big efforts and conserving, A lot more interest in using alternatives like coal or solar in homes. Hybrid cars, renewed interest in electric cars. Wind farms becoming more common. More reliance on rail for transport.
Probably we'll see less reliance on plastics in packaging, things like that.
So most likely peak oil will force us to move to energry diversification. Something that every says needs to be done, but changes usually don't happen until they make economic sense. Peak Oil would provide the economic sense.
