Just taking a moment to reflect where we are in our energy needs in the middle of 2023, with the help of micro.blog’s Wavelength app


So as I’m gearing up to get back into oil and gas/energy, I’ve been hearing a couple of themes repeated over the last few days.

One is that oil production will peak in 2030.

A lot of logic is that the Permian will have peaked and we will have drilled most of our prime locations. This makes sense.

You always drill your prime locations first to get that return immediately and impress your shareholders. Also, you’re gonna get less from wells right now. There’s gonna be higher degradation, less initial production right off the bat, and we’re drilling less just in general.

So if that all remains the same, yeah, it checks out.

Another thing I’ve been hearing repeated is that by 2030 at least 35% of all new vehicles will be electric. Maybe higher than 50%.

This is at a time when we’re pushing for renewable energy, notably solar, and all these different types of energy will be fighting for the same precious metals, which we will need to increase four, five times, six times as much, depending on what exactly you’re talking about.

So what are the environmental concerns of that? Mining those minerals. Not just environmental, also political, and how exactly are we going to get those minerals so fast and make everything we need out of them?

Energy is going to be a big problem in coming years, and it’s one that we need to get right.

Going back to the Stone Ages is not the answer. That doesn’t really benefit anyone. And trying to keep developing nations from using energy to grow into the new world is also not an option. It’s also very hypocritical of us, already developed, to expect them to stay stagnant.

While people’s perception of nuclear is changing and becoming more positive, the unfortunate fact is that nuclear takes a long time to get online. So even if we started today, we probably would not have enough nuclear to really make a difference by the coming of the next decade.

So what we have to accept is that every energy solution comes with trade-offs. There is no easy solution, so we have to be mindful about what trade-offs we’re willing to make and to be honest about the consequences.

Again, there just is no easy way where everyone wins 100%, and we have to find that right balance because, again, this is too important not to get right.