Oil 101: 2/14
…“And coal and natural gas are a similar story.
So how much work does this ancient sunlight actually do for us?
A barrel of oil replaces 5 years of human labor for around $100. It used to be $50.
A single barrel of oil contains 1,700 kilowatt hours of work potential. A healthy human being doing physical work generates around 0.6 kilowatt hours per day, depending on how strong a person is or what the task is, or how many hours a day they work or how efficient they are…