EROI
Posted: 08 Apr 2015, 11:15
I just stumbled across a paper on EROI from 2011 (revised February 2015). Some of you will have copped it before but for those who haven't, it's here. Hope it's of some use to someone here.
From the abstract:
From the abstract:
EROI for finding oil and gas decreased exponentially from 1200:1 in 1919 to 5:1 in 2007.
The EROI for production of the oil and gas industry was about 20:1 from 1919 to 1972, declined to about 8:1 in 1982 when peak drilling occurred, recovered to about 17:1 from 1986–2002 and declined sharply to about 11:1 in the mid to late 2000s.