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03/07/2013

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Nat

I have a lot of respect for people like you who have the courage to come clean about past mistakes and are able to publicly alter their opinion based on a dispassionate look at the data.

Regarding oil production in general, I've come to understand that the main driver seems to be the availability of finance. If financial capital keeps pouring in (for one reason or another) then production will likely soar regardless of EROEI. I think production can keep rising for a while even with very low EROEI but not forever as sooner or later the financial bubble pops and the hot money leaves to blow another bubble elsewhere.

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