The Energy Rate of Return on Renewables

The combination of the woeful returns from the previous wave of shale investments, like you put money into Texas shale in the past, you lost it. And what bothers me is there is no real alternative yet. We talk about renewables and renewables are great, but renewables will require vast amounts of energy to get them out of the ground as well. So if we have a negative rate of energy rate of return on energy, then we are just digging a hole towards collapse. On the other hand, I'll give the Fed a lot of credit because by raising interest rates, they're killing it in the emerging markets. When you kill global demand, you reduce the demand for energy just as much and