by Econ101 » Sat 16 Mar 2013, 17:44:48
$this->bbcode_second_pass_quote('pstarr', 'Q')uinny it's not surprising Econ101 can't respond. He's a freshmen economics student who has yet to be taught the somewhat confusing relationship between energy, money, and debt, and so confuses basic energy math. Modern rotary drilling, by focusing kinetic energy more precisely on rock crystalline structure and flushing away debris, is more efficient, and so requires less energy inputs and therefore . . . increases, not decreases eroei.
The bit therefore increases, not decreases eroei? I thought our oil was worthless it had such a low eroei? I thought that's why we were in such terrible financial trouble because of our low eroei? Now you are telling me a technological advance, turning a cutting bit instead of pounding a wedge, is raising eroei even though the rotating bit takes far more energy to make and the rig takes far more energy to operate?
