The "fair" price of oil

a simple calculation

Lee Siegel have made an estimate of the amount of buried plant material that is needed to produce one gallon of gasoline. It is about 98 tons. (= A conversion factor of about 6,500 : 1)

From that figure, you can calculate the "fair" price of oil.

 

 

Working time for a kWh

Energy future



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Updated:
2013-01-06