Monday, February 19, 2018

"Why the Reindustrialization of SE Wisconsin Will Fail"

Reindustrialization is the economic, social, and political process of organizing national resources for the purpose of re-establishing industries. The process proceeds as a result of a need to reinvigorate national economies.

Foxconn will simply fail because most of the cheap and easy to extract oil has already been exploited. It isn’t that there is no oil to power industrial civilization – it’s that the costs and EROEI (energy returned on Energy Invested) keep increasing while returns fall. The World has been on the undulating plateau of Peak Oil since around 2008. Oil is NOT all the same in regards to quality, energy concentration, or what products can be made from it. The US exports LIGHT shale oil because US refineries aren’t set up to distill Light Oil – The US does not produce enough oil domestically to meet it’s demands – it IMPORTS heavy oil.

Read more:

No comments: