0:05 Introduction2:12 Steve's "Energy Returned on Investment" (EROI) thesis6:34 If EROI is accurate, what's the impact on society?8:19 Nuclear power and the EROI theory11:26 Will society continue to advance if the EROI theory is true?12:50 Mining trends Steve focuses on14:47 Can't price inflation solve the EROI problem?17:24 New source of energy could solve the EROI problem20:47 Silver price forecast and analysis22:39 EROI and the future price of silver
Independent researcher Steve St. Angelo (SRSrocco.com) started to invest in precious metals in 2002. Later on in 2008, he began researching areas of the gold and silver market that, curiously, the majority of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI - Energy Returned On Invested - stand to impact the mining industry, precious metals, paper assets, and the overall economy. Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles in some of the top precious metals and financial websites.