[Outcast_Searcher]

$this->bbcode_second_pass_quote('pstarr', 'T')o paraphrase Outcast: "if" fusion, "if" anthracite coal, "if" diversification, "if" AGW tax, "if" runaway GW . . . then peak oil doesn't really matter and we can all go back to BAU and the serious business of complaining about those goddamn peakers lol

[ralfy]

$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('pstarr', 'T')o paraphrase Outcast: "if" fusion, "if" anthracite coal, "if" diversification, "if" AGW tax, "if" runaway GW . . . then peak oil doesn't really matter and we can all go back to BAU and the serious business of complaining about those goddamn peakers lol

[onlooker]

Bingo, Ralfy with the credit comment. The enormous Debt bubble beyond inflating irrationally asset prices is becoming an ever greater burden on all economic players on this planet ie. everyone. Beyond that in a simple manner it is masking the lack of profitability now evident in most economic activities and in turn making them all less profitable as more and more revenue is needed to service the Debt.

[ROCKMAN]

"I was addressing the point that if green energy works out, then FF revenues go to zero." Decrease significantly when/if the alts develop enough. But not zero. Not all ff are used to produce energy: a meaningful amount is used by the chemical and manufacturing industries.

[vtsnowedin]

$this->bbcode_second_pass_quote('pstarr', '
')
The oil and gas industry is also more (not less energy) intensive then other components like retail, health care, FIRE etc. E&P, distribution, maintenance all requires heavy equipment and fuel. So might fairly surmise that more than 7% of all gas and oil in the US is consumed by to the gas and oil industry. That's lousy net economic-wide eroei. That lost fuel, down the well bore and inside pipe friction, doesn't get to the consumer society. So it's ultimately a drag on the economy. There's that net-energy bugaboo again.

[vtsnowedin]

$this->bbcode_second_pass_quote('pstarr', '
')Do you suffer from reading comprehension as well as a math deficit? I said 'more than 7%'. Robust thermodynamic analysis suggests that energy lost to the oil-extraction business is closer to 50%

[ROCKMAN]

"Robust thermodynamic analysis suggests that energy lost to the oil-extraction business is closer to 50%". And once more a fine example of not understanding how little energy it takes to drill and produce oil and NG.

But sleep well tonight: as a result of the decrease in oil prices the average EROEI of current efforts has increased significantly...perhaps even doubled. But I assume that "robust thermodynamic analysis" has already indicated that improvement in EROEI.

[AdamB]

$this->bbcode_second_pass_quote('pstarr', 'T')he lost oil. Produced. But does it pay for itself?

Aug 03, 2017: Oil Price.com
7% of all employment in the US is linked to the oil-and gas industry?

[AdamB]

$this->bbcode_second_pass_quote('ROCKMAN', '&')quot;Robust thermodynamic analysis suggests that energy lost to the oil-extraction business is closer to 50%". And once more a fine example of not understanding how little energy it takes to drill and produce oil and NG.

[ROCKMAN]

"you would dig the same dirt whether you are paid $5/hour or your standard fee." No I wouldn't: I would deliver produce to restaurants because it pays better. LOL. Which I did for a short while during the 80's bust when I couldn't get enough consulting gigs.