Hi Colin, Nice analysis. While your emphasis is on economics, I'm glad you also point out the various other reasons to pick pressed logs (and pellets, etc.) over cordwood. In my area I can easily spend $300 per cord of mixed, seasoned hardwood. And guess what, only 2/3 to 3/4 of a cord of wood actually get delivered to my door. Never fails. Even after make-up deliveries. I've never received a full cord, which is why I've never bought wood from the same person twice. There's always as much, or more, 'mixed wood' (aka: non-oak, non-hickory, non-locust, etc.) as hardwood. It's never ready to burn (usually needs another 4 to 6 months drying). Being math challenged, I won't embarrass myself, but I think this puts compressed logs easily on economic par in my area. Add to this some of the intangible (or perhaps tangible) advantages of pressed wood products over buying cordwood, like consistent weight (actually receiving what you pay for), smaller storage footprint, indoor storage with no bugs and less mess, predictable, consistent, more complete, and cleaner burns (these things actually clean out my stove after I burn a few of them), significantly less ash, etc. and I'd burn them in a heartbeat. Living in the suburbs I have issues finding enough scrounged wood to go the full winter (and I'm saving my yard trees for America's coming social meltdown . I'd much rather supplement my do-it-yourself cordwood stack with compressed logs than buy cordwood from an undependable local huckster. Trouble is, I can't find them around St. Louis. I tried ACE Hardware, but they let me down. For those who are willing to trade significant time and labor, have the interest and capability to buy, operate and maintain dangerous equipment to process their own cordwood, and who have a ready supply of it available for cutting, compressed logs may not look very appealing. But as you point out in your argument, and I wholeheartedly agree, there are LOTS of situations where these compressed logs can look very appealing. My situation is one of them. My biggest beef until recently was that compressed LOGS were about twice as expensive as pellets. Now that pellets have increased substantially in price (in some places) and compressed logs seem to be holding surprisingly steady, that is no longer a significant issue for me. Again, excellent numerical analysis. Thanks. But placing economic value on the many and varying factors regarding cordwood, and factoring in the the myriad inconsistencies with a particular cordwood supply, can yield radically varying numerical results. One thing the compressed logs offer in spades, is consistency. You get what you pay for. The physical consistency (shape) of these logs and bricks has another advantage that may be hard to quantify. You can stack a load in the stove in such a manner as to get a slow and steady burn. Sometimes, this can be quite challenging for me using cordwood.