Frank Inglis

We need to face the reality of reduced productivity, tax revenues and associated public benefits that were dependant on a high "Net Energy" productivity platform. This has now changed and economic growth is not possible below a certain net energy figure (reported as about 11 to one). The current situation is: Crunch Time? EROI for global oil and gas production went from 30-to-1 in 1995 to 18-to-1 in 2006. In the U.S., the EROI for oil discovery in 1919 was an astonishing 1,000-to-1. By the 2010s, it was 5-to-1. Frank Inglis MBA C Mgr MCMI

where is productivity growth going to come from?