Fossil Fuels Are Far Less Efficient Than Previously Thought

Energy - Bloomberg - Key Takeaway: *The study warns that the increasing costs of extracting fossil fuels will cause the ratios to decline further, pushing the resources toward a “net energy cliff.” That’s where available net energy declines precipitously below EROI ratios of 5:1, which would quickly restrict fuel availability. Historically, such shortages have been associated with economic instability.*

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