[AdamB]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('Whatever', '
')And the Etp model continues to perform perfectly.
---Futilitist

[ennui2]

I haven't been active in this thread for a while. You're seeing phantoms again, PStarr.

Maybe more responding on-point and less reaching for the worthless ad hom would further your case a little more?

[ennui2]

$this->bbcode_second_pass_quote('pstarr', '
')Not really. Just inviting all the trolls in one place for all to see.

[marmico]

Bedford W. Hill (the ETP author) attempts to substantiate the ETP model in a real world application here:

http://www.thehillsgroup.org/depletion2_023.htm

That calc led him to believe that the magical "half way" point was reached in 2012. Substituting a $47 oil price in method 1, the percent of total petroleum dollars used to extract, process, and distribute it: $1.55 trillion/ $5.673 trillion = 27.3%

You can be quite confident that using the 2015 price of oil, consumption of oil and GDP that the magical point is ~25%. The model is internally inconsistent. A high price leads to lower net energy and a lower price leads to higher net energy, all things equal, even though a quad is a quad.

[ennui2]

Here's the only link you really need to know about The Hills Group.

http://www.thehillsgroup.org/depletion2_015.htm

Putting food on the table, one $38 transaction at a time.

[Whatever]

$this->bbcode_second_pass_quote('pstarr', 'F')irst principal testing? I love when you talk nasty to ennui. Did you have a love affair with your gym teacher also?

[ennui2]

$this->bbcode_second_pass_quote('Whatever', '
')And the thread began to improve as soon as you left.

[Whatever]

$this->bbcode_second_pass_quote('ennui2', '')$this->bbcode_second_pass_quote('Whatever', '
')And the thread began to improve as soon as you left.

[Whatever]

$this->bbcode_second_pass_quote(' StarvingLion', '&')quot;the Etp Model informs us that the global integrated petroleum system is failing."
while Futilitist predicts collapse and the end of the petroleum age.

[marmico]

The proof of the ETP is absurd. Back of the envelope a $50 WTI price equals 75% net energy, a $100 price equals 50% net energy, a $150 price equals 25% net energy.

Plug and play with the 2012 proof.

US data for 2015:

GDP; $17.947 trillion *1
The price of WTI; $48.67/ barrel
Petroleum consumption; 19,616,000 barrels/day = 7.079 Gb/ year *2
% energy consumption from petroleum, EIA; 36.3% *3
Total US crude cost = $344.5 billion (consumption x price)

Method 1

Converting $344.5 billion of crude consumed into goods and services required: $634.73/0.2045 = $1.685 trillion.
36.3% x GDP = $6.515 trillion

Percent of total petroleum dollars used to extract, process, and distribute it: $1.685 trillion/ $6.515 trillion = 25.9%.

The ETP proof calc shows a magical "half way" or point or 50% in 2012 translating to EROI of 2. The same proof calc shows a 2015 EROI of 4.

[ennui2]

$this->bbcode_second_pass_quote('Whatever', 'I')t seems to me that I am the one who is currently kicking ass.

[Whatever]

Hey ennui2,

You missed my important question to you. Here it is again:

Is there a thermodynamic limit to the price of oil?

$this->bbcode_second_pass_quote('marmico', 'T')he proof of the ETP is absurd. Back of the envelope a $50 WTI price equals 75% net energy, a $100 price equals 50% net energy, a $150 price equals 25% net energy.

[ennui2]

$this->bbcode_second_pass_quote('Whatever', 'H')ey ennui2,

You missed my important question to you. Here it is again:

Is there a thermodynamic limit to the price of oil?

[Whatever]

Great. Another stupid animated taunting post to try to make me mad. I was expecting it, since stupid animation loops are your go to weapon of choice for creating distraction. You are like a little child, ennui2. I'll bet the readers are getting as tired of your shtick as I am.

$this->bbcode_second_pass_quote('ennui2', '')$this->bbcode_second_pass_quote('Whatever', 'H')ey ennui2,

You missed my important question to you. Here it is again:

Is there a thermodynamic limit to the price of oil?

[marmico]

futilist whatever. You completely fail to grasp the difference between Standard EROI (EROIST) and Point of Use EROI (EROIPOU). The ETP is EROIPOU. Read some Hall:
http://www.sciencedirect.com/science/ar ... 1513003856

The 2015 ETPPOU is twice the 2012 "fairy dust" ETPPOU. Get it. The price is inversely correlated to the ETPPOU. Low price, high ETPPOU, high price, low ETPPOU. ETPPOU=GIGO.

[Whatever]

$this->bbcode_second_pass_quote('marmico', 'f')utilist whatever. You completely fail to grasp the difference between Standard EROI (EROIST) and Point of Use EROI (EROIPOU). The ETP is EROIPOU. Read some Hall:
http://www.sciencedirect.com/science/ar ... 1513003856

The 2015 ETPPOU is twice the 2012 "fairy dust" ETPPOU. Get it. The price is inversely correlated to the ETPPOU. Low price, high ETPPOU, high price, low ETPPOU. ETPPOU=GIGO.

[ennui2]

$this->bbcode_second_pass_quote('Whatever', '
')GOGO=GAGA. What do you say to that, huh?