https://www.pri.org/stories/
https://www.pri.org/stories/2012-11-02/energy-costs-oil-production "Within the field, this calculation is called: Energy Return on Investment, or EROI."Back in the 1920's, oil was paying off at 100-to-1," said Zencey. "It took one barrel of oil to extract, process, refine, ship and deliver 100 barrels of oil. That's a phenomenal rate of return. If you work out the percentage, that's a 10,000 percent rate of return."But that's not the rate of return today. Now, conventional oil production worldwide pays off at about a 20-to-1 ratio. And in Canada, where the oil comes from tar sands, it's closer to 5-to-1."Renewable energy sources are paying off at higher rates, 12-to-1, 15-to-1, 17-to-1. That tells you right there, hmmmm, the age of oil should be over."A few problems with that though… Calculating these figures is complicated and estimates fluctuate. One researcher I spoke with, Carey King at the Center for International Energy and Environmental Policy at the University of Texas at Austin, said he can look at the same wind farm and calculate a payoff of 20-to-1 or 4-to-1. He can also make the numbers dance for oil too, by the way. It depends on if he factors in things like salaries, taxes, or subsidies. Or, how the energy is actually delivered to the source where it's used, or rather, the calculation for that.Even if oil is getting relatively more expensive, weaning ourselves off of it is not a matter of simply flipping a switch — the modern world runs on oil and gas. And there are powerful interests that would like to keep it that way.But we can't keep going like this much longer, said Nicolas Kosoy, an ecological economist at McGill University in Montreal.Eventually, our oil supplies will run dry. And as we dig up more fossil fuels, we emit more greenhouse gasses and add to the problem of climate change. Kosoy emphasizes we need to get serious about limiting our use of fossil fuels."Either we do it now, and we do it systematically and organized, in an organized fashion. Or we will hit a hard boundary, and we will all have to reduce consumption, but as a must."