* Citing mildtrepidation's comment on this thread, it's a good one.
Because you need enormous quantities of the machinery used to harvest the power. Hundreds if not thousands of times as much as you would need in a nuclear reactor.
The real solution is gradual powerdown and, eventually, population reduction.
http://en.wikipedia.org/wiki/File:EROI_-_Ratio_of_Energy_Ret...
I guess it is highly unfriendly to the local environment though (on the other hand, we already did most of the damage in the good spots).
There is also the "high enough" factor. If things got awkward, we could run a civilization on solar PV, and even devote some of the energy production to increasing the total energy production.
(I sort of expect the cost curve on solar to start to bend quite a lot faster in the next few years; it's reached the point where it almost beats the grid without subsidies)
(The 'hydro wins' was just the sort of fun/obnoxious way to link to the chart showing that lots of systems have a net EROI, which is almost all you need)