Monday, August 22, 2011

Interesting oil production stats

70, 80 years ago, we would invest one barrel of energy to get out a hundred barrels of oil, and that 100:1 ratio declined to 30:1 in the 1970s, and it was around 10:1 in the year 2000, and the EIA stopped producing data on how much energy it takes to get energy. So we can kind of interpolate it now, but it’s clearly under ten in single digits." -Nate Hagens

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