Schuyler Hupp said on Oct. 20 at 12:33 p.m. I suspect that the lack of interest in energy on behalf of the American public is due to the tremendous press coverage related to hydro-fractured "tight oil" that has proliferated over the last couple of years. Many people are now under the impression that energy is not an issue of primary concern, and that it won't be for many decades. Public relations campaigns on behalf of the fossil fuel industry have been quite successful, and the upswing in oil production has been remarkable. The long term picture is something altogether different, however, with the steep decline rates and low EROI of "tight oil" plays telling a different story. The concept of Net Energy or Energy Return On Investment and how the costs embodied in the development of energy resources translate into economic growth (or not), and the broader trend of declining EROI in the production of primary energy resources, have not shown a wide audience beyond the scientific and engineering communities, and is understandably, albeit perilously absent amongst mainstream leadership.
Schuyler Hupp said on Oct. 18 at 6:11 p.m. Energy is probably -the- most important factor underlying economic prosperity. Basically, our living standards are a function of natural capital and human capital (energy and other natural resources applied or amplified by technology and labor). Unfortunately, this is something not currently in the mainstream, not even amongst economists or policy makers, the folks who really need to be aware of such things!
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