Earlier quoted context omitted.
Light sweet crude definitely peaked. Petroleum reserves are basically tsr sands and fracking which is low EROEI, even with the industry externalizing costs like methane leakage, vast freshwater consumption / pollution. For example it used to be you burned a barrel of oil to get 20 or 30 out back in the easily accessible light sweet crude days. Shit like the tar sands is more like 2:1 EROEI.
EROEI: the metric deployed against solar and wind in the past, that was quickly erased from public discourse once it became apparent that modern fossil fuels did worse on it. All those people complaining about EROEI no longer seem to have the slightest concern, despite it being a significant hurdle for future fossil fuel use.
And the EROEIs get even worse if any sane carbon taxation / sequestration costs are applied, if any widespread damage from fracking is charged (as in set-your-tapwater-on-fire stories), or the horrific environmental destruction of tar sands (which use ungodly amounts of freshwater to try to get the oil out of the mined sands).
I guess that claimed EROEI on fracking is 5-10x. No idea what it is like in practice, I assume there should be a distribution that could be analyzed.
Tar sands peak at 5x, and I bet that is only in the best case. Why tar sands is still a thing, does any Canadian know? Is this because oil/gas has penetrated the Canadian government lobby and made it too big to fail?