Comment by ben_w
5 days ago
> and also oil is over (meaning oil will go into terminal decline probably before 2028 and that will be the end of the oil companies)
Back in the 90s, my dad told me a quote from someone big in oil:
"Oil is too valuable to burn"
(Shah of Iran? Trouble with searching for quotes on the internet, they get misattributed a lot).
Oil as a fuel will, hopefully, be over soon. 2028 is… I think that's too soon, though it would be good if it was. But oil is useful for a lot more than just fuel, and engineered bacteria synthesising more is probably more like a 2030s thing than a 2028 thing.
You don't understand. 2028 is the time peak oil will definitely be behind us, and therefore the oil business will only deteriorate from that point forward. It will quickly mean the end of all oil producers except the very cheapest.