Oil types aren't measured by EROEI. Ask any of us who have industry experience. API gravity, color, market price, impurities, etc etc. No EROEI. Never. We don't do it in the decision making process, we don't use it to measure economic value, none of it.
First of all I'm quite sure that solar voltaic industry never uses the NREL Best Research-Cell Efficiency Chart for anything either,
yet it's a good first chart to see which solar voltaic technology will be dominant in the future.
That's is mostly because, just like EROEI, the trend is extremely enduring.
Cell efficiencies constantly go up and for EROEI it generally goes up for renewables and down for non-renewables.
Second of all EROEI can be used across multiple energy industries.
Unless you're a disney cartoon figure called Pocahantas, you don't think color has any use in the wind industry.
And for market price...
The market price, which also depends on growth rates.
They can be extremely volatile, especially when the EROEI of non-renewable resource,
is already quite low.
It has been low enough that for US shale oil producers,
they were not able to pay back their investors,
during the entire or almost almost the entire run up in
US shale oil production output until it (will) hit peak production.
Well, growing at rates <3% is still growing
The 3% is max and decellerating quickly, because it's going to hit peak production.
It's growth has gotten extremely fragile.
One cold spell, one big earthquake and those potential gains are gone in a flash.
And I'm going to say, it has already happened.
The US
is having a
cold spell.
The US
is having oil shale related
earthquakes.
The consequences of this (and the Ukraine war) I can tell you are not small.
Because due to the Ukraine war, my country and
the whole of the EU has decided on the dumbest decision in history,
or at the very least since a certain German decided to conquer Russia where Napolean had failed,
and decided to join the US in a campaign to have where the Russian president is told that "this man must go",
help blow up it's own most profitable gas pipelines from, and to fully rely on LNG imports, mainly from the US and the Middle East,
but not before fully insulting the Middle East as well, so mainly from the US and in particular US shale gas,
something that's clearly running out and whose overproduction is extremely likely to be short-lived.
I've seen at least one discussion* on the oilprice forum that this gas shale from the US was going to be
just as cheap as Russian pipeline gas.
Well gee, we're now and I've recieved an e-mail this week that I'm
going to have to pay a 100% increase on gas bills starting next year.
100% PERCENT!!!!And I'm just a regular citizen doesn't work in any kind of industrial company that uses natural gas,
with a fixed contract.
And yes, I have to pay 100% percent extra while having a
fixed contract.
And I should consider myself lucky, because people without a fixed contract,
are telling me that they're paying 300% more for their gas bills,
all due imported US shale gas and the war.
All because our politicians turn out that they care more about subservience to the US than
not just their citizens, but even themselves.
Since this is happening during a debt high inflation crisis as well,
I can say that the people here in the EU are slightly not amused by this.
Strikes are happening, people are turning their heaters to max 12 degrees celcius to save money,
The age of cheap fossil fuels in the world, at least for the EU, is gone.
-----
P.S. I could have sworn Micheal C. Lynch was a oil in abiotic supporter
from watching a youtube video on a peak oil debate twenty years ago where he was in,
plus an article published on the subject matter.
I never heard of the abiotic oil theory before that, but I must be mixing up things from twenty years ago,
because I can't find him supporting abiotic oil theory anywhere on any time.
* I'll try and find the oilprice forum discussion where someone claimed it would be just as cheap.