18 Dec '11, 9pm

Real wealth: Howard T. Odum's energy economics | Energy Bulletin

Real wealth: Howard T. Odum's energy economics | Energy Bulletin

Odum’s daughter – Mary Odum Logan, Ph.D., adjunct professor at the University of Alaska Anchorage – recalls, “In the 1960s, I heard dinner table lectures regarding the energy and ecology problems we witness today. My Father would be shocked that governments today trot out tar sands and shale gas as rescue strategies, a delusion he dismissed in the 1970s. Exploiting profit-positive but negative net-energy deposits, burns energy, destroys the boreal ecosystems, drains aquifers, and increases global heating. My father never believed that we would be so stupid.” Energy quality and economics Odum’s energy economics begins with an understanding that energy provides the foundation for all life processes, but that all energy is not equal. As energy is transformed through an ecosystem, quantity decreases as concentration increases. Odum coined “Emergy” to account for the variations...

Full article: http://www.energybulletin.net/stories/2011-12-18/real-wea...

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