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| | energy economics - extraction efficiency and costs, depletion of fossil fuels |
 | | Fossil fuel extraction, and its accompanying depletion, is a tragedy of the commons [3] situation, without even the likelihood of any later recovery. |
 | | When an energy source that has an EROEI ratio of 4:1 is replaced with another, alternative, energy source which has an EROEI ratio of 2:1, twice as much gross energy has to be produced in order to reap the same net quantity of resulting usable energy. |
 | | Or put another way, it costs you approximately the energy of 1 barrel of energy to extract 31 barrels, refine it, move it around the world and pump it into the tank of a vehicle. |
| www.abelard.org /briefings/energy-economics.asp (2275 words) |
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