Barrel Equivalent News Today

Energy. in the heyday of american industrialism, we got 100 barrels of oil out of the ground for every barrel equivalent we put in. and now with stuff like shale, its more like 5 to 1. and the aggregate average is about 17 to 1 and we cant really run our industrial economy and all of its luxuries, accessories and furnishings at the that ratio. so weve been trying to compensate for that by ramping up a lot of debt. basically borrowing from the future in order to pay for the way we live now. >> tu...