03 May '11, 9pm

How Highly Oil-Dependent Nations Will Get Hurt By Peak Oil More Than Others

How Highly Oil-Dependent Nations Will Get Hurt By Peak Oil More Than Others

An economy needs a certain level of energy just to keep its infrastructure (roads, bridges, schools, medical system, etc.) repaired and working, and citizens educated. So energy resources, to really be useful, need an EROEI significantly higher than 1 to maintain the system at its current level of functioning. [...] If the average EROEI available to society is falling because oil is becoming more and more difficult to extract, an economy with a high standard of living such as the US would seem likely to be affected before an economy with a lower standard of living, such as China or India or Bangladesh, because of the higher EROEI needs of the more extensive infrastructure. Ultimately, though, the world is one economy, so problems in one country are likely to affect the economies of other countries as well.

Full article: http://www.treehugger.com/files/2011/05/how-oil-dependent...

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