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To: djf

Of course.
But one must consider EROI when calculating whether or not it is profitable to drill/mine for energy.

EROI = Energy returned on energy invested.

If you are expending the close tot the same amount of energy to extract/process/ship the oil than the amount of energy extracted, that oil becomes unprofitable to extract ... or super expensive to buy.


71 posted on 05/14/2012 5:53:12 AM PDT by Lorianne (fedgov, taxporkmoney)
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To: Lorianne

Shell reported from their pilot plant project 3~4 times more energy returned from what was consumed.

And when you consider low cost natural gas consumed and a near light, sweet liquid petroleum returned, the economics are even better.

Not as good as energy/cost spent in the Bakken or Eagle Ford today, but profitable if permitted.


73 posted on 05/14/2012 6:09:11 AM PDT by thackney (life is fragile, handle with prayer)
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To: Lorianne

I never suggested we should use more energy getting iy out than we profit by it.

But it might be a viable alternative. Especially since using microwaves “cooks out” the lighter, more volatile compounds and leaves the heavier, more sulfur-laden residues behind.

Thinking-outside-the-box kinda stuff.


77 posted on 05/14/2012 6:33:15 AM PDT by djf ("There are more old drunkards than old doctors." - Benjamin Franklin)
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