From the video: "To acquire energy, you have to use energy. The trick is to use smaller amounts to find and extract larger amounts. This is called EROEI: Energy Return on Energy Invested. Conventional oil is a good example. The easy to extract, high-quality crude was pumped first. Oilmen spent the energy equivalent of 1 barrel of oil to find and extract 100. The EROEI of oil was 100. As the easy to find oil was pumped first, exploration moved into deep waters [horizons], or distant countries, using increasing amounts of energy to do so. Often, the oil we find now is heavy or sour crude, and is expensive to refine. The EROEI for oil today is as low as 10. If you use more energy to get the fuel than is contained in the fuel, it's not worth the effort to get it."
THERE'S NO TOMORROW - INCUBATE PICTURES
"The financial system is built on the assumption of growth - which requires an increasing supply of energy to support it. Banks lend money they don't have, in effect creating it. The borrowers use the newly created loan money to grow their businesses, and pay back the debt, with an interest payment which requires more growth. Due to this creation of debt formed money, most of the world's money represents a debt with interest to be paid. Without continual new and ever larger generations of borrowers to produce growth, and thus pay off these debts, the world economy will collapse. Like a Ponzi Scheme, the system must expand or die."
CRUDE OIL PRODUCTION - GDP % CHANGE FROM YEAR AGO - TOTAL CREDIT
