no energy, no maoam
2025 - Plummeting EROI of Oil Liquids
The global energy landscape is facing a crucial turning point. Various studies show that oil liquid production is expected to peak in 2035 at a magnitude of 500 petajoule per day (PJ/d), but when the energy required for the extraction and production of these liquids is taken into account, the net-energy peak is expected to occur in 2025 at a level of 400 PJ/d (Delannoy et al. 2021). For context, the US consumed 100,000 petajoules of energy in 2021.