Cost of Nonrenewable Energy Sources

Think about it this way; the costs of using nonrenewable energy sources are significantly more expensive, though the true costs are generally not realized until the resource becomes limited, usually before it becomes impractical. Unless we diversify energy sources now, when we hit the peak production of resources like oil, we will start to see increases in costs and reductions in availabilities, just as with Peak Oil. The reality is that we have likely passed the peak of oil discovery and it's usage continues to increase despite that decrease.

As production begins to decline, I am only surprised that we continue to find consumption increasing in the face of that stark reality. Some say we have recently passed that peak in production, which makes me think that we passed the peak in discovery a generation or two in the past. That realization makes me think we are long overdue to cease reliance upon oil as a sustainable energy source.

What Is Peak Oil?