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> which is why estimating peak oil has been so difficult Peak oil or not, the declining EROI of oil however could make the continued functioning of the industr
by myshpa 3y ago
> which is why estimating peak oil has been so difficult
Peak oil or not, the declining EROI of oil however could make the continued functioning of the industry economically unviable in the 2030s.
https://bylinetimes.com/2021/10/20/oil-system-collapsing-so-fast-it-may-derail-renewables-warn-french-government-scientists/ https://bylinetimes.com/2021/10/20/oil-system-collapsing-so-...
Energy Return on Investment (EROI) is a ratio used to measure the amount of usable energy that can be extracted from a particular energy source compared to the amount of energy required to extract, process, and distribute that energy source.
https://jpt.spe.org/plummeting-energy-return-on-investment-of-oil-and-the-impact-on-global-energy-landscape https://jpt.spe.org/plummeting-energy-return-on-investment-o...
- paulddraper 3y agoSure. My point is that "fixed resources" isn't an accurate assumption. Resources can grow, in spite of the conversation of matter.