PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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To: Umunhum who wrote (333)	4/14/2005 6:24:18 PM
From: Jurgis Bekepuris	Read Replies (1) of 1183

>>Just because the EROEI is 20 times less efficient does not mean that the energy derived from shale is 20 times more expensive<< I guess they mean that it is "20 times more expensive in energy money". If you valued the output in "barrels" instead of "dollars", the statement would be correct. For 1 "barrel" you could buy 30 barrels of energy from crude or 1.35 barrels of energy from tar sands. So tar sand energy is 20 times more expensive than crude energy. Now, the price comparison in dollars is not so easy, because a lot of assumptions go in into what are the salaries of people working in the production, what are EROEI costs of machinery, etc. >>This board has taken a very dim view of the future lately.<< I am trying to look for the possibilities of the bright future. >>According to Ken Deffeyes coal can be turned into gasoline for about $1.75 per gallon<< At what EROEI? Do you have pointer to this? Jurgis

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