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Dorikka comments on Stupid Questions April 2015 - Less Wrong Discussion

7 Post author: Gondolinian 02 April 2015 09:29PM

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Comment author: Dorikka 03 April 2015 12:56:09PM 3 points [-]

Deferment (producing later instead of now) is really expensive if you are using a reasonable discount rate, so this would be quite expensive. I think your plan would also constrain supply, raising the oil/gas price and making the cost even higher.

If you want to ballpark costs, try deferring whatever fraction you like of us oil prod for, say, 10 years. Try a discount rate of 7-8% and figure out the costs/year. I would assume oil price of at least 80/bbl if you are trying to estimate costs on a reasonable timescale.