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| date | li-id | li-url | title |
|---|---|---|---|
| 2021-06-01T09:47:42 | 6805429627893374977 | https://www.linkedin.com/posts/jean-marc-jancovici_oil-is-the-first-energy-used-in-the-european-activity-6805429627893374977-cwuX | CHANGE_ME 769 |
Oil is the first energy used in the European Union, and the first source of CO2 regarding our domestic emissions. Oil production is also, when looking at the world economy, the first limiting factor for the global fleet of active machines, and thus the size of the world GDP (https://lnkd.in/ghcM-TR ).
Last but not least: it takes 50 to 400 millions years to form oil from plankton and algae (https://lnkd.in/dn3gvaD ). This means that there is a geological limit to the amount of extractible oil that we can get over historical times.
In spite of these facts, the word "oil" is not even written in the mission letter to the EU Commissioner for Energy, Kadri Simson (https://lnkd.in/dQNdX-Q ).
This is why The Shift Project had a particular interest in looking at the maximum output of oil that could come from the top 16 suppliers of the EU for the 30 years to come : https://lnkd.in/dRFYEvg
The conclusion is simple: even if we don't care about the climate, we will have less. And that means managing more problems with less GDP. Time to think about it!