>>13710301The amount of non-renewable energy sources in the Earth crust are sufficient to power human civilization for another 3-500 years easily. EASILY. People who talk about running out of these fuels aren't talking about emptying the planet of them, they're talking about CHEAPLY ACCESSIBLE SOURCES OF non-renewables. Also, majority of the energy market and its cost is a result of speculative trading done with access rights of mining assets not yet exploited. The real cost of energy would be a magnitude order cheaper if it was priced according to actual total availability of resources (exploited and non); but then mining consortiums would make no money, and human beings are greedy.
In 100 years, the SPECULATIVE PRICES OF NON-EXPLOITED MINING ASSETS will increase significantly, because accessibility costs will sky rocket as all easily extractable locations on the planet will have been cleaned out, leaving all the really difficult to reach and retrieve sites.
Simultaneously, battery production continues to increase YoY with economies of scale driving towards 1TWh or more of storage circulating in the market. Factor into that R&D channels opening up to recycle batteries to maximize storage, yield, and energy trade done at similar scales to the current stock market via ML/AI strategies, and inevitably, the value of battery electric storage and transmission (BEST) will positively recede the operational costs of mining, transporting, burning, producing, and delivering energy from carbonized sources.
And then pile onto that investments into renewable generators of energy and expansions in nuclear power (and/or fusion, should the reactor research succeed in the next 50 years), and the basic mathematics of profitability makes non-renewables cost prohibitive to operate.
Finally, the biggest risk to non-renewable extraction and energy generation isn't availability, as there is an abundance, but rather its impact on global temperature deviance and its compounded risks.
