The average “energy returned on investment,” or EROI, for conventional oil is roughly 25:1. In other words, 25 units of oil-based energy are obtained for every one unit of other energy that is invested to extract it. But tar sands oil is in a category all its own. Tar sands retrieved by surface mining has […]
So not only is it terrible for the environment, but it’s a Ponzi scheme too, cool.