The era of cheap oil ended two decades ago, when the average price jumped from $35 in the 1990s to over $90 in the 2000s. The peak oil movement understood that part but missed how long debt could delay the inevitable decline in oil use. It’s still uncertain whether this…
You might find related https://ourfiniteworld.com/2024/10/14/oil-shortages-lead-to-hidden-conflicts-even-war/ to be also of interest. For another view angle check out the surplus energy economy blog.
The problem with current fossil is that it is no longer cheap even if it wasn’t peaking while also cooking us in the process.
The problem with current renewables is that they need fossil or battery backup to be dispatchable which makes the aggregate even more expensive than current fossil. Worse, they are not autopoietic (self sustaining) so only extendeders or boosters of fossils.