Aug 8, 2017 · 1 min read
That was actually 11 years ago. The ratio is almost certainly lower. From the link:
“The EROI for the production of oil and gas globally by publicly traded companies has declined from 30:1 in 1995 to about 18:1 in 2006 (Gagnon et al., 2009). The EROI for discovering oil and gas in the US has decreased from more than 1000:1 in 1919 to 5:1 in the 2010s…”
In any event, great and important piece.
