> Over the next decades, then, oil and gas investments will become ‘stranded’ due to three converging pressures: climate policies demanding that fossil fuels stay in the ground; plummeting demand as fossil fuels and combustion engines are increasingly disrupted by solar, wind, batteries and EVs; and accelerating “energy cannibalism” as the oil and gas industries, ironically, consume themselves into oblivion in the process of trying to keep going.

I don't buy it, because as demand for oil drops, the supplies that will be taken off line are the low EROI ones. So a drop in demand should actually reverse the trend of declining EROI.