Robin van Spaandonk wrote:
That makes sense for an electric power plant, where the cost of capital
equipment is well known, but not much sense for e.g. CRUDE OIL/GASOLINE, where
the cost can the calculated any of a thousand different ways,
depending on what
one decides to include or leave out.
I am sure industry experts have a standard metric that covers most
costs. It would be impossible to run an oil business if there were a
thousand different ways to estimate costs. As shown in footnote 14,
the $1000 rough estimate is based on a DOE "staff communication." I
am sure it is not $100 and not $10,000.
- Jed
