“Solving” this net energy dilemma is not a question of ingenuity, mind you. Adding more complexity and more technology always comes with an increased energy demand. As low cost drilling techniques fail to keep up with the depletion of easy to get oil, and will have to be replaced by ever more energy intensive methods, the situation can be expected to worsen even if we just try to maintain a steady supply of fuel. The question, whether we surpass the peak of November 2018 or not, will thus become moot. The aggregate net energy from oil (available for other uses) will most likely start to shrink after 2025 — no matter what we do. This is going to be one major event, a true turning point not only for western nations, but to the human enterprise as a whole. Combined with a looming peak in aggregate crude oil and condensate production (scheduled to arrive by 2030) it will be no longer possible to pretend that we have enough fuel to do everything we want. Actually, we would have to contend with less and less fuel production year after year.
Don’t expect anyone to come on TV and explain you all this. Mainstream economist are just as clueless about our deteriorating energy situation as our leadership class. Some of them at least understand that (for good or bad) fossil fuels underpin everything we do: from growing food to making cement and steel, or — for that matter — solar panels and wind turbines. Needless to say, none of our betters and elders are interested the slightest how hot it will be for our kids, or if New York will become the next Venice by the end of this century… Or, that it would cost more energy (and as a result more money) to extract the remaining oil, gas and coal than what the economy could ever handle without collapsing. As long as drilling newer and newer holes, or building more and more “renewables” remains profitable thanks to government subsidies, the grift will go on. Until it no longer can. (Never mind the $280 billion problem caused by the millions of abandoned wells, or the the fact that neither wind turbines nor solar panels can be built or recycled in the absence of fossil fuels.)