Re: EROI < 1:5 => collaps of modern civilisation!
Postby shortonoil » Thu 25 Oct 2018, 17:18:57

The conclusions of the Etp model are quite transparent and easy to digest. As increasing petroleum energy is diverted into the production side of the economy, less is available to operate the demand side economy.

Erläuterung el mar:
"Die verfügbare Netto-Energie pro Welt-Einwohner sinkt, weil der Prozess der Förderung und Verarbeitung selbst einen immer größeren Anteil benötigt. Weniger Netto-Energie pro Kopf hat einen unmittelbaren Einfluss auf die Lebensmittelproduktion (Transport, Ackerbau, Düngung etc.) und auf Lebenschancen.
Gleichzeitig sinkt durch den Netto-Energiemangel die Fähigkeit, Schulden in der Zukunft zu tilgen.
Öl ist zu billig für die Hersteller und zu teuer für die Wirtschaft. Eine Zwickmühle!"

For 58 years the price of oil was controlled by its per unit energy delivery to the economy. That began to change in 2012 at the energy half way point, and that relationship has now completely disconnected. We have lost the standard that was used to determine the value of the dollar, and thus the value of all other debt based fiat currencies. Without a standard to set it too, the value of the dollar is now undefined. True price discovery is no longer possible, and that is being reflected by a lack of asset returns, and exploding uncontrollable world wide debt growth.

The US, as the printer of the world's reserve currency, is using this disconnection to extract wealth from the remainder of the world. This can be witnessed in the decline of almost all other currencies against the dollar during the last couple of years. This will result in a breakdown of commercial activities, such as trade, and political relationships. Our present currency system is in the process of failing! The outcome is self explanatory

In der Tat, der Ausgang ist selbsterklärend und stimmt mit SMK´s Prognose überein! "This will result in a breakdown of commercial activities" siehe oben!
link zu peak oil.com

Saludos

el mar