Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
This industrial civilization has never had to ... as the piece argues, there is little substantial difference in Net Energy Yield between an EROI of 20 and an EROI of 100, and this industrial civilization gone from the 8+ EROI of coal from the Industrial Revolution of access to newly productive coal mines once mechanized water pumping was established, through to the 80-100 EROI of the big oil fields discovered in the 1920's-1950's.

Except in wartime, its not been presented with the fundamental challenge, and since institutions are past-bound, of course it doesn't have institutions developed to cope with the challenge.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Fri Jul 26th, 2013 at 12:12:22 PM EST
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JakeS 4