Monday, January 4, 2016

Understanding EROI

Most peoople seem to have no idea about the concept of 'Energy Returned Over Invested': EROI. Here a well-respected analyst, Steve St. Angelo, explains how the price of energy has a knock-on effect on PMs, the economy and the oil industry:

Here's his website:

It should be good news for the ecology, as the dropping oil price should see the end of the shale-oil boom, but unfortunately it'll also see the end of the economy.


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