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Explore the concept of net energy returns and the implications for the energy industry. Learn why 'peak oil' is still a relevant concern despite technological advancements.
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Net Energy Returns: why ‘peak oil’ is not dead Mandy Meikle E: mandy.meikle@virginmedia.com 8 May 2013
What we’re trying to replace In 2006, the world produced around 26.9 billion barrels of crude oil and condensate. This is equivalent to 1.06 cubic miles of oil. To replace the energy within 1 CMO would require 50 years production from any one of these options Illustration: bryan christie design (for the Institute of Electrical & Electronics Engineers)