book notes
Auto Mania: Cars, Consumers, and the Environment by Tom McCarthy
"As the economy moved into a standard business downturn in 1929 and 1930, Americans responded by dramatically cutting back expenditures in other areas so that they could continue making there auto payments" thus, amplifying the downturn.
Oil's EROEI used to be 100 -- energy from one barrel of oil produced 100 barrels of oil. The ratio in Saudi Arabia is now 10, with lower ratios elsewhere. (although energy for energy production doesn't necessarily have to come from oil)
"As the economy moved into a standard business downturn in 1929 and 1930, Americans responded by dramatically cutting back expenditures in other areas so that they could continue making there auto payments" thus, amplifying the downturn.
Oil's EROEI used to be 100 -- energy from one barrel of oil produced 100 barrels of oil. The ratio in Saudi Arabia is now 10, with lower ratios elsewhere. (although energy for energy production doesn't necessarily have to come from oil)
posted by Rick and Gary at 5:37 AM
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