tag:blogger.com,1999:blog-2761684730989137546.post2772795247489657684..comments2024-03-28T20:28:01.733-04:00Comments on Mike Norman Economics: Book review: "Energy and the Wealth of Nations"mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-20161148724704226232012-06-11T17:57:03.681-04:002012-06-11T17:57:03.681-04:00EROEI is a meaningless concept in economics.
Ene...EROEI is a meaningless concept in economics. <br /><br />Energy is isn't reducible to the quantity anymore than inflation is reducible to the quantity of money. It depends what you doing with the energy (just like with money) and the kind of power that be generated from the energy source. <br /><br />Charging batteries has by definition a negative EROEI but does that means they aren't economical? <br /><br />Economic progress is about qualitative gains not quantities of this or that commodity. Don't make the monetarist/consumerist error with energy. <br /><br />No one gives a damn about energy. People care about the horsepower not the size of the fuel tank. It is not about the amount of work you could potentially do but rate that determines the value. Having lots of low quality energy isn't the same having a little high quality energy which can used in high power or complex processes EROEI be damned. <br /><br />I'm getting tired of these pinhead academics telling the engineering community how to build stuff based on textbook models of efficiency and ecology.Septeus7noreply@blogger.com