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[quote afx114] Problem is, our current economy is an energy welfare queen. [/quote]
Actually that is not accurate. The best measure is energy consumed per GDP of production, or Energy intensity of the economy: http://en.wikipedia.org/wiki/Energy_intensity http://earthtrends.wri.org/text/energy-resources/variable-668.html http://seekingalpha.com/article/82481-energy-use-per-gdp-unit-by-country
Considering that BP doesn’t seem that concerned about capping the run-away oil well and that they are talking about burning off 600,000 gallons of crude a day.. I think the true price of fossil fuels is actually considerably less than market price. http://www.breakdownofamerica.com/2010/06/09/bp-to-burn-oil-it-collects-from-gulf-spill-as-containment-dome-runs-out-of-space http://news.gather.com/viewArticle.action?articleId=281474978292099
Otherwise BP would try to capture every last drop of the crude…