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those factors would be covered by the "utility" aspect. "The energy supply defines how much productive work can be done, while the efficiency with which we use
by SonicSoul 14y ago
those factors would be covered by the "utility" aspect.
"The energy supply defines how much productive work can be done, while the efficiency with which we use energy defines how much utility can be created from that energy supply (widgets per kilowatt-hour)."
the $ is driven by more factors such as FX, inflation, interest rates and therefore not a clean measure of energy value.
possibly the purest current value of energy today would be in energies futures markets?
- nawitus 14y agoCan you clarify what that digets per kilowatt-hour means? If I own 1 million Joules, then how is efficiency specified? Since 1 million Joules in oil has a different worth/value than 1 million Joules in hydrogen, I don't understand how one can trade Joules. The point of currency should be interchangeability. If people don't actually own money as joules, but money as "widgets" or "joules of oil"+"joules of hydrogen".., then you can just abstract away the energy stuff. I'm not impressed by the energy as currency concept. Money should reflect all resources, including energy, human labour etc. Binding currency to something (like gold) doesn't seem to be useful.