Earlier quoted context omitted.
Would law of physics kick in ? If it takes thousands of years to produce oil/gas/coal, and months to extract and consume it... then what political solution do have ? My concern is that we might hit an energy crisis (Russia/Ukraine is just the tip of the iceberg). We need oil/gas/coal for everything around us (clothes, transportation, heat, cement, iron, energy). For energy we could use nuclear for baseline, and some…
Electricity can be turned into gas. People do not need to live like US suburbanites. As fossil fuels deplete, this will happen automatically, through the price mechanism. That said, fossil fuels are nowhere near to depletion and may well last for centuries.
They ARE getting more expensive (see U.S shale oil in the last decade) because the best spots are always mined first. Once gone you have to dig deeper and harder and use increasingly more complex and expensive methods to extract it. At some point you will get negative return on energy - so even if it is there it will be wasteful to extract.