{"id":21621,"date":"2004-05-11T11:54:00","date_gmt":"2004-05-11T10:54:00","guid":{"rendered":"http:\/\/www.geoffjones.com\/2004\/05\/very-interesting-article-from.html"},"modified":"2004-05-11T11:54:00","modified_gmt":"2004-05-11T10:54:00","slug":"very-interesting-article-from","status":"publish","type":"post","link":"https:\/\/newsite.geoffjones.com\/?p=21621","title":{"rendered":""},"content":{"rendered":"<div>\n<div style=\"clear:both;\"><\/div>\n<p>Very interesting article from a Californian VC <a href=\"http:\/\/www.ventureblog.com\/articles\/indiv\/2004\/000556.html\">here<\/a> &#8220;Hubbert&#8217;s Peak&#8221; about when the oil will run out. <\/p>\n<p>Dr. Hubbert (in response to remarks by David Nissen &#8211; Exxon): &#8220;&#8230; [T]here is a different and more fundamental cost that is independent of the monetary price. That is the energy cost of exploration and production. So long as oil is used as a source of energy, when the energy cost of recovering a barrel of oil becomes greater than the energy content of the oil, production will cease no matter what the monetary price may be.&#8221; [referenced by Ivanhoe, 1982]<\/p>\n<p>I remember reading about nuclear power stations requiring several years of their energy output  just to build them. Wonder if it takes into accounts efficiency<\/p>\n<div style=\"clear:both; padding-bottom:0.25em\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Very interesting article from a Californian VC here &#8220;Hubbert&#8217;s Peak&#8221; about when the oil will run out. Dr. Hubbert (in response to remarks by David Nissen &#8211; Exxon): &#8220;&#8230; [T]here is a different and more fundamental cost that is independent of the monetary price. That is the energy cost of exploration and production. So long [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21621","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/newsite.geoffjones.com\/index.php?rest_route=\/wp\/v2\/posts\/21621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsite.geoffjones.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsite.geoffjones.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsite.geoffjones.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/newsite.geoffjones.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21621"}],"version-history":[{"count":0,"href":"https:\/\/newsite.geoffjones.com\/index.php?rest_route=\/wp\/v2\/posts\/21621\/revisions"}],"wp:attachment":[{"href":"https:\/\/newsite.geoffjones.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsite.geoffjones.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsite.geoffjones.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}