by kolm » Tue 29 May 2007, 08:48:42
$this->bbcode_second_pass_quote('Sheb', '
')ROI is a pretty simple concept, and really quite useful--"silly" or not.
ditto for EROEI. We're just dealing in Joules instead of $'s as the measure of value.
When considering ROI you have two well-defined systems (a guy with money and the rest of the world), a very simple and explicit way to derive numerator and denominator and general agreement about sensible utility functions to evaluate ROI with.
In EROEI, you need the same level of clarity to make it a useful concept. This is not a given in many references to EROEI I studied. Worse, you can derive highly strange EROEI if you just set your parameters in a sufficiently weird way. For instance, you can count all energy input (which guarantees, in a conveniently enlarged system, an EROEI of <= 1 due to thermodynamics), not only the 'currently usable' part of it. (A similar thing is done by stupider nuclear power opponents to demonstrate that nuclear power is inefficient. They do use EROEI, only with idiotic parameters (energy within U-235 core counts as 'energy input', although there is exactly one usage known to man, namely splitting it for heat), and hence get meaningless results.) Next topic, do you include indirect 'energy inputs' (somebody needs to bake the rolls the engineers eat for lunch; somebody had to teach the bakers how to bake them, somebody had to make the paper for the baker's diploma, you get the idea) or not? If not, you might miss some major points (energy investment for drilling rigs), if yes, you have a huge accounting problem (find, check, weight and sum all those indirect energy contributions will be impossible to do exactly in most cases, hence you would need approximate guesses, and you can look up in Storm/van Leeuwen where this can lead to).
And, last not least, unlike ROI, people usually do not read EROEI as a linear utility. People do not mind that much if EROEI 20 is or 15; unless the bulk of economical cost is within the (direct) energy investment, this is a minor cost factor.
$this->bbcode_second_pass_quote('', '
')Now, show us how you run a reactor that produces more energy in fuel than it consumes...and make sure you describe your assumptions (they must be valid).
This, for instance, is a question which heavily depends on your specification which kinds of Joules you want to count as 'input energy' and which you want to count as 'output energy'. Depending on how you settle this, breeder reactors can or cannot have EROEI > 1, and oil well can or cannot have EROEI > 1, and so on.