Point of View 124

The Incredible Inefficiency of Fossil Fuels

1. The path of energy through the global system

2. Internal combustion engines are inefficient

3. Where energy losses occur

4. Financial losses

5. Particulate matter and human deaths

6. Economic rent is the amount of money earned that exceeds that which is economically or socially necessary, usually to due to market concentration and  information asymmetries. See;

7. The focus on energy volume