Jeff Gatie
Senior HTF Member
- Joined
- Aug 19, 2002
- Messages
- 6,531
If there is no more oil, what are you going to burn to make the electricity needed to extract the Hydrogen? Hydrogen is a substance that you have to put more energy into than you get back when you burn it. That means for every joule put into the extraction process (Energy in) you get a fraction of that joule back out when you burn it (Energy returned). Only when the cost of the original joule is free (or the cost of the hydrogen is more than the percentage lost over the cost of the original joule) will you turn a profit. Right now the oil companies turn a profit on a 17:1 EROI. How much will you have to charge for H2 to turn a profit with a EROI < 1:1? Answer - a heck of a lot more than it costs for energy in the first place (making H2 a poor "source" of energy). Put the cost of the original joule close to zero by using cheap, renewable sources (ala Iceland) and the use of Hydrogen becomes more financially (and environmentally) feasible.