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If so, the answer is yes. But you will still need a lot of steam engines to power a medium sized base.
You can lose power if power lines are destroyed.
Obviously it is possible to come up with scenarios where you would lose energy (e.g. if you build a billion refineries for one oil well then the idle draw may eat most your profits) so use some common sense I guess.
Also using productivity moduls instead of efficiency moduls in the chemicalplant for solid fuel, is a waste in total energy output. Its only worth if you producing solid fuel for rocket.
But yeah, you will still make a profit... even if it's only 50% of what you could be making, for no reason.
That is my opinion, anyway.
This is the best answer. I've always been skeptical of the thought, but never got around to testing it all in a separate closed system to find out. And especially if the well was depleted.
Keep in mind that light oil is the best to convert to solid rather than cracking it down to petroleum and converting that. And if you use certain modules (productivity and/or speed) it's likely you might come out power negative. But alex's claim is that it uses less than 20% of the power it produces to make the investment, which is a pretty darn good ratio.