roccman wrote:lexicon wrote:roccman wrote:Someone should tell these folk to check out Hall's latest EROI report before posting such nonsense...Charlie Hall's latest research shows the EROI of existing oil and gas is about 25 to one, but that NEW oil is approaching 1 to 1, which means that the discovery of new oil may be irrelevant after 2015 to 2020.
When asked about how the future might unfold, he mentioned that he thought that people will not be willing to make the capital investments needed to build solar, wind, and so on when oil was costing them $10 per gallon or more.
Do you have a more direct link to that quote? I can't find it and I'd like to read more.
Thanks roccman. It scares me to imagine where civilization will be 10 years from now.