Lore wrote:dsula wrote:Lore wrote: Given that they are now fracking the cream, how long will it really be before they hit the wall on EROEI?
EROEI is not important. What is imporant is the price, or better, the PROFIT.
In a sence it's the same thing. Translate the cost to drill, energy invested, on the amount you can make at profit. Factor in demand destruction and it becomes impossible to raise the routine earnings barrier to make a profitable return on that investment.
I guess it's much more complicated. In the same way as it is profitable to sell batteries (even though they have a lousy EROEI), it is possible to sell <1 EROEI oil, extracted with the help of NG.