Do you have a URL for that article?

I collect that sort of thing to show to disbelieving friends and relatives.

For the doubters out there, I highly recommend the blog "Our Finite Earth," 
which is done by a professional actuary, not some wild-eyed hair-shirt: 
http://ourfiniteworld.com/

Jan

On 2014-05-28, at 00:13, Martin WINLOW wrote:

> A Financial Times article a couple of weeks back was saying that $1T of 
> recent investment in shale oil and gas extraction will never se a profit - 
> due to too low oil and gas prices.  Guess what's going to happen next?  MW
> 
> 
> On 27 May 2014, at 07:02, Jan Steinman via EV wrote:
> 
>>> From: Michael Ross [mailto:[email protected]]
>>> 
>>> Can we really disregard the energy cost of all those other items making
>>> up the totla cost?
>> 
>> No! It's a totally essential concept!
>> 
>> I think the Hummer versus Prius example was probably contrived and skewed, 
>> but the concept of energy cost accounting is something we don't do enough of 
>> these days.
>> 
>> For example, some energy cost analysis indicates that some shale oil costs 
>> as much as $120/barrel to produce, although the market rate is only 
>> $100/barrel. Some studies even suggest that some shale oil well use more 
>> energy than they will ever produce.
>> 
>> For more info, look into "emergy," a concept rigorously developed by Howard 
>> (HT) Odum.
>> 
>> :::: The more the work is left to nature, the greater the net yield but the 
>> longer the time required... Thus sometimes the most apparently productive 
>> and high-yielding sources of energy involve a lot of activity for little 
>> return, while long-term investments, especially in naturally grown forests, 
>> provide the greatest value for future generations. -- David Holmgren
>> :::: Jan Steinman, EcoReality Co-op ::::
>> 
> 

:::: We talk about the state's attempts to ban the sale of raw milk, and a 
proposed labeling regulation that would require raw milk producers to label 
each bottle, "WARNING: This raw milk producit is unpasteurized and may contain 
disease-causing bacteria..." Other food -- hamburgers, chicken, commercial 
dairy products -- can contain disease-causing bacteria. These products are not 
required to carry a label declaring them dangerous. It is ludicrous to require 
producers of high quality raw milk to label their products in a way that is 
more likely to put them out of business than to protect anyone. -- Ron Schmid
:::: Jan Steinman, EcoReality Co-op ::::
:::: (Send email to [email protected] to get a random quote, or 
[email protected] to get 50 random quotes. Put a word in the Subject line 
to filter for that word.)

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