The Oil Drum: EROEI Short #3: Price-Estimated EROEI

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We have previously discussed the difficulty in accounting for all relevant energy inputs to a given energy production process. Drawing a boundary for what energy inputs will be accounted small enough to facilitate practical accounting necessarily excludes energy inputs that, I have argued, are quite relevant to the resulting EROEI ratio. Today I will argue that, while certainly imperfect and limited in application, it is possible to use a proxy calculation to resolve this problem: price.
The Oil Drum