Research into peak oil,energy return on investment and economic growth

Under the circumstance of which energy consumption have significant influence on economic growth,the paper provide EROI to confirm the relationship between oil and economic growth.It proves that the relationship between EROI of oil and oil price is negative exponential,and when the EROI decrease to below 10∶1,the relationship turns to nonlinear.EROI of oil have comparable relationship to the profit of oil companies .Global EROI has fallen to a low level of about 16∶1,and the level of EROI of China is lower to the security line 10∶1,along with the global peak oil is approaching,Chinese economic growth facing low oil EROI,high cost of oil enterprises and oil price impact on Chinese economic growth,the negative impact on the local oil company profits will significantly expand.