posted on Jan, 9 2018 @ 07:59 PM
a reply to: buckwhizzle
Aha but there is peak oil, it's the declining energy returned over energy invested values of our fossil fuels. For example; texas sweet crude used to
take 1 barrel of oil to deliver over 30 barrels of oil to market, and now shale oil plays take 1 barrel of oil to deliver 5 or less barrels of oil to
How does this work out? When you see oil spike to $200 a barrel and US energy companies still cannot produce a profit because the cost to produce
that oil rises in lock step with the increasing price of oil.
See these graphs, they are self explanatory: