Earlier quoted context omitted.
>People have been claiming peak oil since the 1930's. Yawn. Are you claiming fossil fuels aren't limited? Also, oil peak is widely believed to have been reached already https://www.carbonbrief.org/analysis-world-has-already-passe... If the cost of extraction rises due to oil and gas being more and more difficult to access (because it's limited, obviously), you could claim demand has peaked but it would still be due t…
There have been articles for many decades now that we are reaching the peak of what can be pulled out of the ground. That we will simply run out of oil. This is a lie. There is plenty of supply. This is the argument op is making. Whether to burn it or not is a different question.
The war may force Russia to sell their oil to non-Western countries but the crisis helped support oil price and made global investments in O&G profitable for them again (and for every other producers too). Just like with the war in Iraq - which explains why Putin did not oppose the US invasion for long after they realized it would bring enormous profits to Russia.