by onlooker » Wed 23 Aug 2017, 14:22:30
Good point P. It some ways it hearkens back to Rome, who also overextended itself to keep its huge Empire orderly, to collect taxes, to maintain maintain military presence, roads, communication etc. Well yes we are surely overextended and more and more the logic and sense of trying to get to and utilize that black oil is becoming suspect.
So no matter what Subjectivist says EROEI is a factor and in fact the main one. Once the US and the world truly "feel" how counterproductive Oil is it will be abandoned on a mass scale. Black market and marginal production will probably still exist.
"We are mortal beings doomed to die