Crude oil extraction may be well past peak

ourfiniteworld.com

Crude oil extraction may be well past peak

ourfiniteworld.com

eleitl@lemm.eeM to

Collapse@lemm.ee · 2 months ago

Supply and demand models of economists are shown not to work for crude oil. If prices cannot rise, peak crude oil extraction was in 2018. This is far past!

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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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