I heard John Mearshimer say on a podcast that ~230k barrels, you can't go lower without damaging the caverns the oil is stored in, so we're pretty close to it being over.
We can simply get rid of most oil - Just ONE square mile of batteries and a TOTAL of 100 x 100 square miles of Solar can power the entire USA 24/7.
It is because of world wide adoption of EVs that the fossil fuel demand has reduced and stabilized gas prices in the US.
See : https://ember-energy.org/latest-insights/batteries-have-unlo...
We can simply get rid of most oil - Just ONE square mile of batteries and a TOTAL of 100 x 100 square miles of Solar can power the entire USA 24/7.
It is because of world wide adoption of EVs that the fossil fuel demand has reduced and stabilized gas prices in the US.
See : https://ember-energy.org/latest-insights/batteries-have-unlo...