Sunday , November 19 2017
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Tag Archives: EROI

When the party comes to an end

Empty bottles at the end of the night

  Nicole Foss famously compared the oil industry to a late night drinking binge.  The early oil found in pressurised deposits just 70 feet beneath the ground was the best booze.  The North Sea was the cheap stuff.  Hydraulically fractured shale oil and tar sands, though, are the last-ditch equivalent …

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Falling Net Energy destroys fossil fuels *and* green energy

Tar sands

While businesses and journalists readily understand (and often misunderstand) the idea of return on investment (“there is no magic money tree”) they seldom make the intellectual leap to apply the concept to the far more important area of energy.  Currency, after all, really can be printed out of thin air …

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