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by losvedir 4960 days ago
> I don't foresee either an energy or a climate crisis. There is a hard limit on how expensive energy gets because at some point you can turn totally renewable energy into a fuel of some sort, ideally taking CO2 out of the atmosphere to do it. It's not cost effective now because energy is so cheap. But like I said: there's a limit to how expensive it can get.

I used to agree with you until I read this terribly thought-provoking article[1]. Now I'm not as sure. It was published by the Oil Drum, a blog I subscribe to for oil industry news, so the article doesn't have a hidden agenda.

The key insight I gleaned from it was the concept of the energy cost of energy sources.

I used to think that even if wind power wasn't as efficient as oil now, eventually oil prices would rise and wind would become a viable alternative.

However, what the article showed was that wind power itself uses oil in the manufacturing of the materials, shipping and construction of the wind mills, etc. You can think of the concept of the energy return on energy invested. And as the supply of oil dwindles and costs rise, that EROEI will change.

Oil at its start had an EROEI of 100:1, which means you could get a hundred barrels of oil for the cost of using one. Now it's at 20. Wind energy has an EROEI of about 20 over the lifetime of the equipment, but unfortunately costs a lot of energy up front, and only recoups that energy over time.

So the two issues the article raises is that as the cost of oil increases, it affects the EROEI of the renewable resources, and that because the majority of renewable resources all have upfront energy costs, they'll get hit extra hard. Politically, it will always make sense in the short term to cancel the renewable energy projects since you're using a great deal of the increasingly rare energy for payoffs in the future, when that energy could go to cost of living and make things better now.

I really think you'd enjoy the article if you read it, so I encourage you to do so. ("You", being cletus, wouldn't have posted this otherwise. You seem very smart and I've enjoyed your posts.)

[1] http://www.theoildrum.com/node/8526

1 comments

The "energy trap" as described in the linked article would indeed be terribly troubling in a centrally planned economy. I'm still optimistic (for the moment) that there are private players who would cheerfully make those large investments today for a chance at owning a future slice of the energy pie.