Peak Oil: Higher oil prices don’t mean higher oil profits

4 Comments on "Peak Oil: Higher oil prices don’t mean higher oil profits"

MrEnergyCzar on Mon, 29th Apr 2013 3:49 am 



Peak Oil well explained. I’m surprised he was allowed to say the oil in the states costs more to extract and it’s a problem…

MrEnergyCzar

Poordogabone on Mon, 29th Apr 2013 6:10 am 



here is another recent Bloomberg clip with the same gist.
search “Peak Oil: Returns for big oil peaked in 2005!!!”
on youtube.
EROI now staring economists right in the face and nibbling at investors wallet.

Econ101 on Mon, 29th Apr 2013 11:22 am 



This analysis is so convilouted I’m sure it is appealing to those that have no understanding of eroei. You would have an EROI of 1 if all the energy produced were used to produce the next calorie with no surplus to drive a car, turn on a light or heat a cup of coffee. You can also increase the cost of producing a calorie of energy without changing EROI by adding a cost that doesn’t represent an energy input ie a tax.

BillT on Mon, 29th Apr 2013 12:38 pm 



Capitalism runs on profit.
Capitalism also runs on a solid financial system.
Both are faltering badly in the world of shrinking NET energy
When the cost of recovery approaches and then exceeds the ability of the consumer to pay, the game of ‘peak oil’ will be over. Capitalism will end with a crash.