« Don't they get it yet? | Main | Why I disagree with Jeremy Warner »

21 January 2013

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Andrew

Thanks for posting this, extremely interesting

Han

I have read the report. Its worrying, but a question: should we not be aiming to "chain" EROIE techniques so as to multiply and then store energy?
That is, if the EROEI is dropping for most sources of energy, if we set aside a finite amount of input energy X and use it to access a multiple of X (say just 3 times) then we haev 3X which we can then set aside to inout again so we get 9X etc. 4 such steps should result in 81X of energy, for 1X set aside.

Graham Brown

What does this mean for the average Joe individual? What steps can he take right now to prepare?

Midgham

A good read; puts into a mere 84 pages what 5 years worth of conventional economists are still only now beginning to figure out. The funny thing is that the paper's section on statistics reflects what Jo Public has probably been thinking or suspected for the past decade.

You are in agreement with a great many energy consultants that the Hubbard curve maximum is imminent - my further question, given the future constraints on investment you suggest, would be what do we do in order to mininmise/ manage the crisis' worst effects?

Other than retreating to a bunker packed with Noah's Ark like supplies, loads of ammunition and means of sustenance, what do we do/ invest in? Those solutions that do exist need to be projected more into the mainstream media. If Cuba managed it in the 1990's I am sure the "West" can when the time comes!

Geoff Rowlands

Clearly, there are hard times ahead. I guess the the best way to prepare is to examine the fundamentals and forget about anything else. Get out of debt. Find somewhere to live where you can be reasonably self-sufficient - not in a city.
Not everyone can do this, but not everyone will be willing to give up on the luxuries.

keith price

A little overly pessimistic in terms of timing (in my opinion) but as there will not be any pre-warning of the meltdown where does one put any money/investments to protect themselves. I assume accumulated cash will be worthless (with hyper inflation), shares will have little/no value, property outside the UK will be valueless as countries will become Xenophobic when their economy collapses and property in the uk will be unsaleable. How about uk farmland?

MickC

Interesting report.

Certainly it looks as if one the previous reports, questioning whether the UK can actually achieve growth at all, is being borne out.

Will D

Thank you for the link. I followed your updates as Tim was producing it. The final report is brilliant (and disturbing).

@Han
Think of it as 3 barrels of oil out of the ground for every 1 invested in finding it and bringing it to market. It doesn't make sense to 'chain EROI techniques' any more than you chain one year's compound growth of 10% to another year's and then quote 21% return.

@Graham
GGG - Gold, Guns and a Get out plan!

Goose

May I recommend Matt Ridley's 'The Rational Optimist' for an alternative point of view.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.