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65 comments on UK Industry Taskforce Sounds Alarm on Peak Oil
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65 comments on UK Industry Taskforce Sounds Alarm on Peak Oil
Comments can no longer be added to this story.
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So the financial termoil is pulling back the curtain on ERoEI?
Right now there are many instances where obtaining credit is holding smaller companies back, which I'd say on the face of it operates independently of the geologic decline, or the current price of crude. Inability to obtain credit will impact supply, possibly eventually manifesting itself in a positive feedback loop; or the smaller companies and service outfits will find another avenue of doing business. Or the minor players will go under and be bought for fire sale prices - but will XOM want to tender a bunch of stripper wells?