Submitted on Saturday 13th October 2012
Published on Monday 15th October 2012
Current status: Closed
Closed: Tuesday 15th October 2013
Signatures: 2
priority to high Energy Returned/Energy Invested sources
We believe the government is either not thinking strategically or else factoring in the wrong variables when seeking to optimise our energy policy:
It is not market price which is so important. It is EnergyReturned/EnergyInvested ratio.
market prices can go all over the place and are subject to policy, but EnergyReturned/EnergyInvested ratio if high can give a clue on how much better prices may be with appropriate policy.
example
Windfarms are expensive yet have a EROEI ratio of between 20-40:1 which compares to Nuclear of only about 5:1 This suggests with appropriate production capacity windpower can be very cheap.
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