Renewable Revolution

The future is not good for oil, no matter which way you look at it. — Motherboard
SNIPPET:

Solar — it’s not just a clean power source producing zero emissions and almost no local water impact, it’s also now one of the best choices on the basis of how much energy you get back for your investment. And with climate change impacts rising, solar’s further potential to take some of the edge off the harm that’s coming down the pipe makes speeding its adoption a clear no-brainer.

In 2016, according to a trends analysis based on this report by the Royal Society of London, the energy return on energy investment (EROEI) for oil appears to have fallen below a ratio of 15 to 1 globally. In places like the United States, where extraction efforts increasingly rely on unconventional techniques like fracking, that EROEI has fallen to 10 or 11 to 1 or lower.

Meanwhile, according to a new study by the Imperial College of London, solar energy’s return on investment ratio as of 2015 was 14 to 1 and rising.      What this means is that a global energy return on investment inflection point between oil and solar was likely reached at some time during the present year.

Great charts and info! 


https://robertscribbler.com/2016/12/19/solar-now-produces-a-better-energy-return-on-investment-than-oil/