Of course, as soon as you make it the basis for regulatory action, the thus regulated entities will try to figure out ways to game it. So we'd need to figure out whether it's robust against accounting gimmicks.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
This is the opposite of the US financial regulation system, and in a large part depends on the political system, where banks can fund individual congressmen and senators to add complexity and exemptions. Peak oil is not an energy crisis. It is a liquid fuel crisis.
Which is why that parameter needs to be reasonably robust against accounting gimmicks.
