3 ms·
Peak oil in the north sea(2007), peak gas in the north sea (2006). While the US found out extracting their massive shale oil/gas reserves eROI was finally compe
by orwin 2y ago
Peak oil in the north sea(2007), peak gas in the north sea (2006). While the US found out extracting their massive shale oil/gas reserves eROI was finally competitive.
- hamster77 2y agoCombo of energy and better capital markets and banking system
- orwin 2y ago'better' is a funny word. Like I said in another post, it's due to a 'banking' revolution called 'shadow bank' (they aren't bank, they cannot print nor destroy money, but I guess it's close enough). From what I saw, its main effect is to decorelate GDP from production. A house sold 200k can produce 400k of GDP over a year if enough intermediaries put their hand in the pie. And I'm just talking about the mortgage here, not the house.