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5min chapter
Doomberg: "Our Fragile Energy Economy"
The Great Simplification with Nate Hagens
The Cost of Peak Oil
We run out of the capacity to produce oil with existing technology, he says. We could easily produce 80 million barrels a day at a much higher price or 60 million barrels aday at a much, much intermediate price, but to produce $100 million a day at $60 is unlikely,. So there's a cost to society that increases over time. "Peak oil has never been about running out of oil. It's been running out of enough affordable oil at scale to continue economic growth"
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