Collapse

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This is the place for discussing the potential collapse of modern civilization and the environment.

Collapse, in this context, refers to the significant loss of an established level or complexity towards a much simpler state. It can occur differently within many areas, orderly or chaotically, and be willing or unwilling. It does not necessarily imply human extinction or a singular, global event. Although, the longer the duration, the more it resembles a ‘decline’ instead of collapse.

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The Oil Crash Is Coming Sooner Than We Think (www.resilience.org)

submitted 1 year ago by eleitl@lemm.ee to c/collapse@lemm.ee

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[–] HubertManne@piefed.social 8 points 1 year ago (1 child)

I have been saying for awhile I don't get why oil companies seems to be anti wind/solar/etc. Basically in the past one barrel of oil could get you a hundred but we have sources that only get a couple now but one barrel can make produced many barrels of oil worth of burnt electricity by making solar panels and wind turbines.

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[–] MrMakabar@slrpnk.net 3 points 1 year ago

Oil is traded according to supply and demand. The big problem for the industry is that turning off a well reduces output and debt still has to be services making supply stable, but so is demand. That means small changes can have a massive impact. OPEC+ saying the would increase oil prices by 0.4% made oil prices fall by nearly 10%. Obviously lower demand even by a bit can have similar results.

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