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RE: At a total market cap of 1.5 Trillion

in #blog5 years ago

When it will cost one barrel of oil to fill one barrel of oil, that one is out.

Almost nobody is talking about this, this is called the EROEI, kinda ROI but with energy :P

Was ~300:1 in the year 1900, ~30:1 in the year 1970 and ~5:1 atm.
Just to bad mankind needs a minimum of 12:1. so we kinda have a problem here...

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Almost nobody is talking about this, this is called the EROEI, kinda ROI but with energy :P

Hahaha, you got it! ;-)

so we kinda have a problem here...

The challenge is to look for solutions that might free us from using energy sources like fossil fuels completely. When I look at the potential of Hydrogen, as an unlimited renewable source of energy, than I think we might have a winner. It will not be overnight though, but there are projects starting, also in the region where I live.

It will be a slow transition, where other energy sources can slowly take over. Also there will be innovations on current energy using hardware to make them more energy efficient. Well, at least that is what I think. Human kind is good at messing things up, yet we also are very talented in finding long term solutions. :-)

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