I was told there were huge reserves of shale oil way back in 1975, the issue then was how to get it economically. You will argue the point, but how to get it was not mainstream knowledge.
Estimates since 2015 suggest that the best parts of the Permian Basin may reach an EROEI of 7–10:1, but the average across U.S. shale is still closer to an EROEI of 5:1. It takes a lot more money to get the same oil than it used to.
I think economic conditions will give us a Seneca Cliff of production after which taxes will be used to pump oil so you can then buy it. Socialism for the rich. Shit for everyone else.
The big picture is far more complicated than how much black stuff is in the rocks.
- Peak Oil 101
Started by K-Dog Aug 23, 2025, 04:08 PM
Message path : / Planetary Material Conditions / Peak oil / Peak Oil 101 #79
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