Originally Posted by
pw405
Have to consider the scope of the global oil industry - about 100,000,000 bbls of oil are currently needed PER day. Analysts have focused on predicting the end of demand growth. Some say global oil demand will peak in as little as 7 years, while others say it will be about 20 years from now. That's just demand growth. Even at 0 bbls/year demand growth, we still would need methods to replace the massive amount of daily demand at whatever bbl amount that ends up being. Probably in the 115,000,000 bbls/day range.
Alternative forms of energy need to grow and grow fast. While I am a firm believer in the need to grow green energy, I unfortunately don't think that humans will transition away from carbon based fuels fast enough. We're long past the point of no return IMHO.
In terms of how OK's energy industry will be in 30 years. I think that it will still exist in some form, but of course be smaller than it is today. I think half the size is a reasonable starting point.
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