[AdamB]

$this->bbcode_second_pass_quote('ROCKMAN', 'A')dam - I suspect you understand the problem he, and others, had was that the timing of PO depended on much more than the amount of oil left to be drilled. The demand from the global economy being one big reason for instance.

[Tuike]

If there aren't much new posts to read in the forum, there is a nice peak oil Youtube video linked to front page.
https://peakoil.com/geology/peak-oil-th ... adjustment

[AdamB]

$this->bbcode_second_pass_quote('Tuike', 'I')f there aren't much new posts to read in the forum, there is a nice peak oil Youtube video linked to front page.
https://peakoil.com/geology/peak-oil-th ... adjustment

[theluckycountry]

It's just a game



The Bright Green Future

[AdamB]

Peak Oil The Hedonic Adjustment

Arthur Berman: "Peak Oil - The Hedonic Adjustment" Episode 54 January 18, 2023 (Conversation recorded on January 2nd, 2022) Show Summary On this episode, petroleum geologist Arthur Berman returns to unpack the development and drawbacks of ‘peak oil’.

[jato0072]

$this->bbcode_second_pass_quote('', 'O')ur shifting energy landscape requires a new way to measure the amount of energy that can be extracted from any given source against the energy required to produce and distribute it....

The Utility of EROI

With our new energy landscape has come a new and increasingly prominent metric. Energy Return on Investment (EROI) is a ratio used to measure the amount of usable energy that can be extracted from a particular energy source compared to the amount of energy required to extract, process, and distribute that energy source.

Plummeting EROI of Oil Liquids

The global energy landscape is facing a crucial turning point. Various studies show that oil liquid production is expected to peak in 2035 at a magnitude of 500 petajoule per day (PJ/d), but when the energy required for the extraction and production of these liquids is taken into account, the net-energy peak is expected to occur in 2025 at a level of 400 PJ/d (Delannoy et al. 2021). For context, the US consumed 100,000 petajoules of energy in 2021.

[AdamB]

$this->bbcode_second_pass_quote('jato0072', '
')Plummeting EROI of Oil Liquids
Plummeting 'Energy Return on Investment' of Oil and the Impact on Global Energy Landscape

Good article.

[jato0072]

Actually, Energy Return On Energy Invested (EROEI often shortened to EROI) is a way to measure or calculate surplus energy. I am sure you understand Adam. Organisms and Civilizations need surplus energy. Organisms (Life) has been around far longer than human derived currency / money. EROEI matters to all organisms, even if they have no idea what it is, kind of like gravity or the laws of entropy. If an animal expends more energy than it consumes, it will eventually die.

No amount of money will power machines, obtain resources, feed animals or humans. So if you want to say money drives some human behaviors, I totally agree. Energy powers everything and is fundamental. Measuring EROEI can said to be irrelevant in an environment which has large quantities of surplus energy, weather it is the first half of the fossil fuel production curve or a newly discovered valley filled with vast food resources. However, IF surplus energy we need for our current civilization is diminishing, it would be wise to utilize EROEI. Regardless of current Human behavior, EROEI would be a far better way to manage sources of energy than highly manipulated fiat debt / currencies.

[AdamB]

$this->bbcode_second_pass_quote('jato0072', 'A')ctually, Energy Return On Energy Invested (EROEI often shortened to EROI) is a way to measure or calculate surplus energy. I am sure you understand Adam.

[jato0072]

$this->bbcode_second_pass_quote('', 'Y')ou install solar panels in my backyard and a long extension cord to get it where you want it, and I'll install a tank at the end of your driveway... Makes perfect sense in an eroei world, an even-steven trade.

[AdamB]

$this->bbcode_second_pass_quote('jato0072', '')$this->bbcode_second_pass_quote('', 'Y')ou install solar panels in my backyard and a long extension cord to get it where you want it, and I'll install a tank at the end of your driveway... Makes perfect sense in an eroei world, an even-steven trade.

[theluckycountry]

$this->bbcode_second_pass_quote('jato0072', '<')/div>

You obviously don't understand EROEI.[/quote]

Adam doesn't understand anything, that's the consequence of a life spent in front of the TV set, it's why his posts read like soundBites off the 6:00 news.

EROEI as many calculate it is flawed in my opinion. This is because they fail to include the 'foodchain' of parasites all demanding a cut of the action. The company profits, the shareholders, the government cut, the brokers fees, the service station overheads, the railway profits and overheads, the trucking costs, wall-street profits and bonuses, on and on it goes.

Our whole modern civilization was built on cheap Hi eroei oil, built on the diesel truck some claim, and while it's possible to get oil or coal or gas out of the ground at a low EROEI, it's just going to sit there because no one would be incentivized to move and process and distribute it without their cut. The only exception to this would be the military, but gas for my car? Forget it.

That is what's fundamentally wrong with the economy of the world today I believe. They are trying to do business at 6:1 that used to be successful at 10:1 and greater.

It doesn't help matters either when have delusional reports that claim

The US average EROI across all generating technologies is about 40
https://world-nuclear.org/information-l ... tment.aspx

Don't even bother reading it, it's pure crap and full of bogus statistics. Oil! That is really the only EROEI that matters in our world. Without the oil nothing moves and workers in esoteric solar farms out in the desert starve to death.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', ' ')Oil! That is really the only EROEI that matters in our world. Without the oil nothing moves and workers in esoteric solar farms out in the desert starve to death.

[jawagord]

$this->bbcode_second_pass_quote('jato0072', '')$this->bbcode_second_pass_quote('', 'O')ur shifting energy landscape requires a new way to measure the amount of energy that can be extracted from any given source against the energy required to produce and distribute it....

The Utility of EROI

With our new energy landscape has come a new and increasingly prominent metric. Energy Return on Investment (EROI) is a ratio used to measure the amount of usable energy that can be extracted from a particular energy source compared to the amount of energy required to extract, process, and distribute that energy source.

Plummeting EROI of Oil Liquids

The global energy landscape is facing a crucial turning point. Various studies show that oil liquid production is expected to peak in 2035 at a magnitude of 500 petajoule per day (PJ/d), but when the energy required for the extraction and production of these liquids is taken into account, the net-energy peak is expected to occur in 2025 at a level of 400 PJ/d (Delannoy et al. 2021). For context, the US consumed 100,000 petajoules of energy in 2021.

[jato0072]

The was a good critique jawagord.

$this->bbcode_second_pass_quote('', 'T')he price mechanism determines what resources we use

[AdamB]

$this->bbcode_second_pass_quote('jawagord', '
')Generally only Idiots and Energy Economists discuss EROEI, how many of us here are economists?

[ralfy]

$this->bbcode_second_pass_quote('jawagord', '')$this->bbcode_second_pass_quote('jato0072', '')$this->bbcode_second_pass_quote('', 'O')ur shifting energy landscape requires a new way to measure the amount of energy that can be extracted from any given source against the energy required to produce and distribute it....

The Utility of EROI

With our new energy landscape has come a new and increasingly prominent metric. Energy Return on Investment (EROI) is a ratio used to measure the amount of usable energy that can be extracted from a particular energy source compared to the amount of energy required to extract, process, and distribute that energy source.

Plummeting EROI of Oil Liquids

The global energy landscape is facing a crucial turning point. Various studies show that oil liquid production is expected to peak in 2035 at a magnitude of 500 petajoule per day (PJ/d), but when the energy required for the extraction and production of these liquids is taken into account, the net-energy peak is expected to occur in 2025 at a level of 400 PJ/d (Delannoy et al. 2021). For context, the US consumed 100,000 petajoules of energy in 2021.

[AdamB]

$this->bbcode_second_pass_quote('ralfy', '
')Economists will use money to measure economic factors because that's what they're supposed to do. The problem is that money consists essentially of numbers in hard drives, which makes it together with pricing that involves speculation pointless, e.g., prices plummeting during the initial stages of a pandemic, and then going up again, demand going up with prices and causing prices to go down as it drops, etc.

[jato0072]

$this->bbcode_second_pass_quote('', 'G')iven that, it makes more sense to look at energy,

[AdamB]

$this->bbcode_second_pass_quote('jato0072', '')$this->bbcode_second_pass_quote('', 'G')iven that, it makes more sense to look at energy,