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Great analysis. I would like to add a few more points.

Energy extraction from oil is typically a low efficiency cycle. ICEs are around 30% efficient. Gas Plants are around 40% efficient.

Energy from solar -> batteries -> application usually hovers around 70 - 80% efficiency.

Motors are around 98% efficient. That covers most of our requirements for manufacturing. Conversion of electricity to heat is almost 96-98% efficient.




Combined cycle gas plants are about 60% efficient (on a LHV basis).

Large marine diesel engines can have a thermal efficiency > 50%.


> Energy from solar -> batteries -> application usually hovers around 70 - 80% efficiency.

Nope, energy from solar is around 20%, batteries are at around 90% efficiency.


The dollars per unit energy already includes this inefficiency of photons to electricity though. You are double counting it.




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