ERoEI

Energy returned over energy invested. Beyond depletion this is what all oil companies ask themselves...how much energy will it take to get yet more energy to the customer. The easy stuff has been found...now it is getting more costly...raw materials, labor, more hostile nations and quality of hydro carbons found...yet further down in the Earth's crust.

The good news is we had a warm winter and the bad news is we had a warm winter. The USA is lulled into yet another false sense of comfort. Iraq's production is falling so is Russia's.

In 2006-2007 we will see supply/ demand imbalances in corn, gold , uranium oil and natural gas.

Barkly sees the "old" leadership setting new highs and reestablishing itself just as everyone is trying to figure out their ERoEI. Big house or small house... Big car or small car..drill deeper or not at all..