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cheap oil

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Cheap oil is needed for economic growth, and we are simply running out of the good, cheap crude.

Energy and economic prosperity go hand in hand. In his post EROI, Insidious Feedbacks, and the End of Economic Growth David Murphy argues that “Cheap oil is needed for economic growth, and we are simply running out of the good, cheap crude.” He goes on to demonstrate falling return on investment from oil extraction and … Continue reading

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