Jim Bliss has explained quite a few times that there’s a big difference between the *financial* and *energy* cost of oil.
In other words, it might well be *financially* viable to pump oil which requires more energy to extract than it generates when burned (because oil is a more convenient way to power cars than hydrogen), but this won’t do anything to secure energy supplies.
Jim Bliss has explained quite a few times that there’s a big difference between the *financial* and *energy* cost of oil.
In other words, it might well be *financially* viable to pump oil which requires more energy to extract than it generates when burned (because oil is a more convenient way to power cars than hydrogen), but this won’t do anything to secure energy supplies.