We might need to reduce our fossil fuel consumption in 2050 because it might be too expensive to use them as we might have pass the peak oil (even unconventional ones)/gas/coal by then.
peak oil: More recently, the EIA's Annual Energy Outlook 2015 indicated no production peak out to 2040. However, this required a future Brent crude oil price of $US144/bbl (2013 dollars) "as growing demand leads to the development of more costly resources" source: https://www.eia.gov/pressroom/presentations/sieminski_050420...
peak coal: Most main coal exporters peaked already. China is scrapping the bottom of the barrel: "In 2021, the government ordered all coal mines to operate at full capacity at all times, including holidays; approved new mines, and eliminated restrictions on coal imports." source: https://www.wsj.com/articles/china-takes-the-brakes-off-coal...
I am getting concerned about the impact on increasingly expensive fossil fuel and climate impact on economies. The sooner countries stop to rely on fossil fuel the better, period.
peak oil: More recently, the EIA's Annual Energy Outlook 2015 indicated no production peak out to 2040. However, this required a future Brent crude oil price of $US144/bbl (2013 dollars) "as growing demand leads to the development of more costly resources" source: https://www.eia.gov/pressroom/presentations/sieminski_050420...
peak gas: "One forecast is for natural gas demand to peak in 2035." source: https://www.power-technology.com/features/energy-transition-...
peak coal: Most main coal exporters peaked already. China is scrapping the bottom of the barrel: "In 2021, the government ordered all coal mines to operate at full capacity at all times, including holidays; approved new mines, and eliminated restrictions on coal imports." source: https://www.wsj.com/articles/china-takes-the-brakes-off-coal...
I am getting concerned about the impact on increasingly expensive fossil fuel and climate impact on economies. The sooner countries stop to rely on fossil fuel the better, period.