When King plots EIR for various fuels every year since World War II, the graphs indicate two large declines, one before the recessions of the mid-1970s and early 1980s and the other during the 2000s, leading up to the current economic recession. There have been other recessions in the U.S. since World War II, but the longest and deepest were preceded by sustained declines in EIR for all fossil fuels.
... if EIR falls below a certain threshold, the economy stops growing. For example, in 1972, EIR for gasoline was 5.9 and in 2008 it was 5.5.
During times of robust economic growth, such as the 1990s, EIR for gasoline was well over 8.
Compare that to some estimates of EROI and EIR for corn ethanol of around 1, and it's clear why corn ethanol has been widely criticized as a low quality energy source.
EIR is proportional to EROI, meaning they rise and fall together, but the basic data behind the EIR calculations come out annually as opposed to every five years for EROI.
That graph does not look good at all... This is why I think even if we eventually wind down the financial messes, if the oil really does decline at 4 to 7% per year, there will be, at best, no growth. We can outrun problems, but 7% per year is asking a lot... although I saw recently that US auto fleet efficiency rose by 7% in one year...
http://www.physorg.com/news/2010-11-...t-current.html
http://seekingalpha.com/article/2387...over-the-cliff
... if EIR falls below a certain threshold, the economy stops growing. For example, in 1972, EIR for gasoline was 5.9 and in 2008 it was 5.5.
During times of robust economic growth, such as the 1990s, EIR for gasoline was well over 8.
Compare that to some estimates of EROI and EIR for corn ethanol of around 1, and it's clear why corn ethanol has been widely criticized as a low quality energy source.
EIR is proportional to EROI, meaning they rise and fall together, but the basic data behind the EIR calculations come out annually as opposed to every five years for EROI.
That graph does not look good at all... This is why I think even if we eventually wind down the financial messes, if the oil really does decline at 4 to 7% per year, there will be, at best, no growth. We can outrun problems, but 7% per year is asking a lot... although I saw recently that US auto fleet efficiency rose by 7% in one year...
http://www.physorg.com/news/2010-11-...t-current.html
http://seekingalpha.com/article/2387...over-the-cliff
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