4 ms·
Shouldn’t you include the value of the energy that the barrel creates in the calculation?
by WillPostForFood 8y ago
Shouldn’t you include the value of the energy that the barrel creates in the calculation?
- pjc50 8y agoIt was mostly a piece of elaborate sarcasm about the value of reducing consumption rather than capture. Going down that route, should the value of energy used in carbon capture be counted at the market rate or its opportunity cost? It's valid to point out that the value of a barrel of oil is more than its cost and this gives rise to a "consumer surplus", which leads to the carbon tax arguments. (Although, as Retric points out upthread, there are consequential CO2 side-effects from oil extraction more than just burning it, so maybe those should be counted too?)