tag:blogger.com,1999:blog-1516268549653363373.post2915402662738554966..comments2024-02-10T00:45:02.452-08:00Comments on Ecopol Project - Portland State University: Energy Return on Energy InvestedUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1516268549653363373.post-29094876722719369612012-03-16T19:41:26.250-07:002012-03-16T19:41:26.250-07:00Thanks for taking the time to comment. I will modi...Thanks for taking the time to comment. I will modify the post to clarify your position.PSU Ecopol Project Teamhttps://www.blogger.com/profile/14269413192383566940noreply@blogger.comtag:blogger.com,1999:blog-1516268549653363373.post-55181840403102193382012-03-16T05:35:12.589-07:002012-03-16T05:35:12.589-07:00I'm afraid you've misunderstood my argumen...I'm afraid you've misunderstood my argument about a new planet. I'm not saying there's another planet out there full of oil that we can go get it from.<br /><br />Rather, technological advances in oil extraction continually provide us with this new planet we're standing on to explore for oil.<br /><br />Take, for example, drilling to five miles down for the first time (not that Macondo is really a perfect example, all things considered). This does not mean that we've found just one oil field. Rather, this means that we've now got the whole of the Earth to look at again, between 3 miles (roughly how deep we were drilling before) and 5 miles down.<br /><br />If we ever learn how to drill 10 miles down, then we've another planet, The Earth, at depths of 5 to 10 miles down to explore.<br /><br />It's an old and sadly misunderstood economic argument. The truth is that we create mineral resources by inventing the technology that allows us to make use of them.Tim Worstallhttps://www.blogger.com/profile/13161727860817121071noreply@blogger.com