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Yeah, I don't buy the EROEI argument either. I do think that non-demand based price shocks spurred research into more expensive (usually lower EROEI) sources o
by aidenn0 4y ago
Yeah, I don't buy the EROEI argument either. I do think that non-demand based price shocks spurred research into more expensive (usually lower EROEI) sources of petroleum much sooner than a purely open market would have. 1975-1985 was about as expensive (inflation adjusted) as the early 21st century, and we didn't have a huge shale boom then.