In an interesting article in the Ecologist, Gareth Dale argues that the rising cost of plundering nature presents major problems for the continued expansion of capitalism. For example, he says the ‘energy return on energy invested’ (EROI) for fossil-fuel extraction is plummeting: ‘In plain English, ever more energy is consumed in squeezing each drop of oil from the bowels of the earth’. He notes that a recent study has found that, at present, over 15% of the oil extracted was being use to extract more oil and that this will rise as easily accessed reserves deplete. It’s the same for nuclear – as high grade ore reserves deplete, the energy cost of mining/processing uranium rise, with EROI ratios falling from 15:1 as now, to maybe 5:1 or less over time. Meantime the EROIs for renewables are mostly higher and improving- e.g. solar was poor in the early days, but is now at around 25:1, wind is around 50:1 on good sites, and may get to 80:1 offshore, hydro is at around 200:1. Th...
Weekly update to Renew On Line bimonthly newsletter: https://renewnatta.wordpress.com