TriX wrote:
No, I don’t think so. Fracking has expanded because it is profitable and this society is based on capitalism and short term gain, not necessarily on long term wisdom. It has negative consequences (as many western states are beginning to realize) and is a short term solution to a long term problem. There is a finite amount of oil, and it will eventually run out.
"Peak Oil" has been a theme for decades. Proven wrong each decade.
Russian scientists believe that oil is created in geologic earth processes and will not "run out".
Very little of the earth has been explored, mostly in the offshore area.
The daily production of oil is nearly 87 million barrels per day! Just what would you substitute that with? Visualize that quantity.
So called "green renewable energy" is a very minor amount of the total--less than 10%
Fracking is merely a technique to recover more oil from the underground oil formation. Normally only 20% of the oil in place is recovered without fracking, water flooding and other secondary/tertiary recovery methods.
It has made the US energy independent, and created hundreds of thousands of high paying jobs.
It is a totally US industry, not dependent on foreign sources.
Actually, the world now has excess oil and natural gas production. The growth is slowing down with less investment is occurring.
Keep in mind that batteries require extensive mining, mostly open pit. "Not in my backyard."
Energy drives the world economy and prosperity. Mankind would still be in the dark ages without it
You would freeze, sweat and be in the dark without it.
Do you know that the earth's atmosphere is 99% nitrogen and oxygen. CO2 is less than 1/4 %.