38
The oil apocalypse is here (www.youtube.com)
submitted 1 month ago by to c/collapse@slrpnk.net
22 comments fedilink hide all child comments
 

What began as one oil shock has now multiplied into three separate catastrophes – an oil shock, a shipping shock, and a refinery shock – each triggered by a different war in a different part of the world, culminating into a global catastrophe that’s already hitting. This video would not have been possible without reporting by Bloomberg, the Wall Street Journal, the Financial Times, Reuters, CNN, Defense Express, Marine Link, and others.

you are viewing a single comment's thread
view the rest of the comments
[–] 3 points 1 month ago (1 child)

I don't think what you said supports what you mean. Yes fossil fuel consumption goes down in crises. The problem is they are crises. Temporary until new energy comes online.

I think I follow the population growthrate changes, but even aging out our populations with status quo is why I said by the time we get there to permanently shrink fossil fuel use, we'll be at +4°C and well have other factors affecting population and consumption. None of which are desirable.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 1 point 1 month ago

    Temporary until new energy comes online.

    That is my point. The new energy does not need to be fossil fuels. We had similar oil prices in the early 2010s for years. That was without any major supply disruption. Since then inflation has been pretty high, so in real terms the oil prices back then were actually worse. We therefore very clearly have demand destruction not due to the oil price being too high, but demand destruction. That is without a major financial crisis or virus.

  • permalink
  • fedilink
  • source
  • parent