Certainly still valid.However, new ones are found (not everything is yet discovered), but the total stocks worldwide are limited.
The remaining reserves are also increasingly difficult to win, which means that the cost of extraction cannot be against the proceeds from the field.
The additional problem is that often not everything from a field is windable. Depending on where you drill, you can get a percentage out of the field, but it will never be 100%.
Depending on whether you are drilling for spot A or place B, you will not win 100% out of the field.
The earth’s crust and layers are often plastic and you have to deal with the law of communicating vessels and sometimes capillary action, but still you will not win 100%, because the oil layers are not flat. Oil is also often viscous.
Even though a shell Topman at business class glass hard tried to claim the opposite, it turned out to be a lie and thus also deception of shareholders, the man in question was also convicted of it.
Although prices are currently relatively low compared to some other years, peak oil is expected to have already been reached in the past (it is thought to be May 2008, just before the crisis broke out).Thus, there is less extracable oil over the world than has already been consumed in world history.
The first modern oil source was drilled in 1846 in Baku in Azerbaijan.However, considering the consumption and speed of consumption, oil is expected to be worldwide within 80 years. Some even believe that most of us are still experiencing the oil. Others consider technological developments to take longer.
This planet is finite and it irrevocably means that the oil reserves are also finite.But stocks are still very large and sources are still being discovered. However, these are often sources that are increasingly difficult to reach; In deep water, in the Arctic regions and more. Or they can only be reached by intervening fairly rigorously in geology, as with fracking, and that leads to all kinds of discomfort such as earthquakes in areas where these rarely occur normally.
The direct and indirect costs of exploration and exploitation are gradually increasing, while the cost of electricity from solar cells, for example, has fallen considerably. For the time being, this has not had any major consequences, but that seems to be a matter of times.
Certainly a lot less pressing.
Perhaps, apart from the imminent climate change, the ultimately inevitable transition to sustainable energy can now be continued with a little less rush and therefore with less expenses.
It is likely to be realistic to expect that, with time, the developments of sustainable energy generation will only make improvements.Both in effectiveness and in cost.
Hurried rush is seldom good.We now have some more time. Let’s use that time wisely.
The theory of 芒 鈧?虄peak Oil芒 鈧劉 (meaning-definition peak oil: Peak Oil (however, the Dutch name is little used).…-DFB) has been formulated in the years 芒 鈧劉 50 of the last century.
The 芒 鈧?虄top芒 鈧劉 that would reach the global oil production has been postponed over and over again, including through new finds, but also by new techniques as 芒 鈧?虄fracking芒 鈧劉 which allows for more and more fields to be exploited.It is not only a question of technical availability, but also of business feasibility of extraction. When, for example, the crises in the years 芒 鈧劉 70 the oil prices were rising, oilfields (such as those under the North Sea) which were known but were considered not economically payable were still within reach for exploitation.
Nowadays, the end of oil extraction (and that of other fossil energy carriers such as natural gas, coal, lignite) is more related to the consequences of the devoid for the climate, than to physical and economic extractability of oil.