* To establish feasibility, it is necessary to include some items in the energy invested term that are normally not thought of as investments. For example, the cost of sequestering such carbon dioxide as will be produced by the energy technology under investigation should be added to the energy invested term because feasibility requires that our society be sustainable (until astronomical events intervene). In this thought experiment, the support of an alternative energy technology would be the sole concern of every citizen.

Sunday, December 2, 2012

Comment on the Austin ASPO Conference


After yesterday's session, about which I will write a great deal later, I have only the following comment at this time, which is meant to be taken with a grain of salt; namely, at the next conference of the Association for the Study of Peak Oil USA, the leadership would do well to ban the use of the word "money", or  the terms "dollar", "yen", "Euro", "pound", "franc", "mark", "RMB", etc.  Let us discuss energy in terms of energy for a change. Let us abandon totally man-made fictions and deal exclusively with physical realities. I shall have a great deal more to say about the religious faith in market economies because given Peak Oil or the finiteness of natural resources, it is easy to see that market economies are a prescription for doom, but I didn't say that in this brief note.

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