Using some basic reasoning, but no formal model, they posited that oil extracted at the well needs an EROI ratio of at least 3:1. Brandt (2021) https://t.co/0wRzfFAnPn considered a simple 4-sector economy (energy, materials, food, and labor) scaled for the
219. How Does Energy Resource Depletion Affect Prosperity? Mathematics of a Minimum Energy Return on Investment (EROI) https://t.co/kMB8PlgabV
@KTom_1996 @mattyglesias Considering market oil prices don’t reflect externalities, whats the relevance? You can read more here. https://t.co/nmLhOMByCV
24. How Does Energy Resource Depletion Affect Prosperity? Mathematics of a Minimum Energy Return on Investment (EROI) https://t.co/UQ1Y6YQ4gL
@fuelinggood Even if the EROI is 2:1--and that study ignores many of the nuances of the calculations that are discussed in the peer-reviewed literature--this is the bottom line: you cannot run an economy on a 2:1 energy system! https://t.co/yx6g691ESE
Still doesn't give us the inflection point so no real useful info we march on knowing there is a cliff somewhere ahead https://t.co/B1sFJwgQjO
I'm reading this on #springerlink https://t.co/SnoDZdlRrt
RT @mbauwens: How Does Energy Resource Depletion Affect Prosperity? Mathematics of a Minimum Energy Return on Investment https://t.co/9DRhO…
RT @mbauwens: How Does Energy Resource Depletion Affect Prosperity? Mathematics of a Minimum Energy Return on Investment https://t.co/9DRhO…
RT @mbauwens: How Does Energy Resource Depletion Affect Prosperity? Mathematics of a Minimum Energy Return on Investment https://t.co/9DRhO…
How Does Energy Resource Depletion Affect Prosperity? Mathematics of a Minimum Energy Return on Investment https://t.co/9DRhOrEW1W #crucial
How Does Energy Resource Depletion Affect Prosperity? Mathematics of a Minimum Energy Return on Investment (EROI) https://t.co/hC6cLWTDax
How Does Energy Resource Depletion Affect Prosperity? https://t.co/0shDaW3K51
#BC! Energy Return on Investment: HYDRO=100>>>ShaleOil=5>Bitumen=3: Both fossils are at or over the energy cliff. https://t.co/q9z220t6q5 https://t.co/YJy3QnqYZc
New work by Adam Brandt supports the idea of a “net #energy cliff” - level of EROI where prosperity rapidly declines https://t.co/AHm1bDcQV9 https://t.co/ZkZ1C8rgDn