The Oil Drum | Stories tagged with "substitution"

Stories tagged with "substitution"

Peak Oil and The Energy Utilization Chain (EUC)

Posted by Nate Hagens on December 22, 2006 - 12:23pm
Topic: Economics/Finance
Tags: economics, net energy, substitution [list all tags]

This is a guest post, related to net energy, by Doug Reynolds. Dr. Reynolds is an associate professor of oil and energy economics at the University of Alaska Fairbanks, and author of "Scarcity and Growth Considering Oil and Energy", and "Alaska and North Slope Natural Gas".

I met Doug at the recent ASPO/USA conference in Boston. We both were intersted in Charlie Hall's working paper on "The Minimal EROI Required for Society" and struck up a conversation on net energy, and the peaking of Russian oil. I invited him to do some guest posts on his areas of expertise of economics/net energy and Peak Oil/Soviet Union. Below the fold is Doug's guest post on the "Energy Utilization Chain", followed by my comments.

The Maglev Train.

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