Fascinating blog suggesting that the Intergovernmental Panel on Climate Change (IPCC) has overestimated the fossil fuels available to burn by FOUR TIMES as what’s economically feasible to burn.
They say that every cloud has a silver lining. If future energy consumption (which is mostly fossil fuel) drops because of a financial collapse brought on by high oil prices and other limits, then, at least in theory, climate change should be less of a problem. One of the important variables in climate change models is the amount of carbon dioxide from the burning of fossil fuels that enters the atmosphere. In a recent post (Peak Oil Demand is Already a Huge Problem), I showed the following estimate of future energy consumption.
Figure 1. One view of future energy consumption for the world as a whole. History is based on BP’s 2012 Statistical Review of World Energy.
I explained in that post that oil limits are different from what most people expect. Oil limits are price limits. Indirectly because of these price limits, fuel consumption of all sorts (not just…
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