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how does a 'couple hundred billion' = nearly free energy. It clearly isn't nearly free if you are paying a couple hundred billion. If US gdp is 14 trillion, a few hundred billion for access to energy is a fairly significant number.


Let's say the energy cost of building a new bridge is $500,000 worth of hydrocarbons. Now, let's compare that to non-hydrocarbon energy sources. Historically, this might be steam from burning wood, or a team of mules. What I am saying is that $500,000 worth of wood or mules is so much less energy than $500,000 worth of oil, that the oil is nearly free in comparison.

Think about it: what other fuel is just sitting around, storing millions of years of solar energy, and waiting to be extracted and burned???

This is a key economic concept that must be understood when discussing oil.




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