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You're right on. People often think peak oil means no more oil. Really it just means it's no longer energy positive investment. [1] The EROI for fossil fuels h
by TrispusAttucks 5y ago
You're right on. People often think peak oil means no more oil. Really it just means it's no longer energy positive investment.
[1] The EROI for fossil fuels has decreased as the availability of oil, coal, gas has reduced and the cost of production increased. Fracking for oil or gas (as has been done in Taranaki for years) is expensive and polluting. Extracting oil from the tar sands in northern Canada is a similarly destructive process. So, what was an EROI of 100:1 last century is now sometimes little more than 10:1.
[1] https://www.newsroom.co.nz/why-hydrogen-is-not-a-cure-for-emissions https://www.newsroom.co.nz/why-hydrogen-is-not-a-cure-for-em...
- actually_a_dog 5y agoEh. There's no practical difference between "no oil left the ground" and "it's too expensive and/or energy intensive to pump out any more oil."
- comicjk 5y agoThere is a difference if new technology can be introduced, which is what happened last time. Conventional oil production peaked in 2006.