By Michael C. Ruppert
Michael Ruppert addresses a few easy yet largely neglected ideas with regards to the serious function of oil and gasoline within the smooth international. First, they're finite assets, shaped within the geological previous, for this reason topic to depletion. moment, they need to be stumbled on ahead of they are often produced. He then is going directly to handle the broader implications spotting that there's a finite Oil Age. Many claims were made that new expertise will counter the traditional decline, yet there's a real understatement: the higher the expertise, the quicker the depletion. The publication then turns to comparable topics, together with international coverage and the invasion of Iraq, the hopes for renewable strength substitutes, the effect on farming and inhabitants, and the character of cash. The impression at the economic climate is a important subject of the ebook. It supplies emphasis to the U.S. state of affairs but in addition covers the broader global, finishing with twenty-five good techniques in which the USA executive may possibly react to the unfolding scenario.
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Extra resources for A Presidential Energy Policy
A PRESIDENTIAL ENERGY POLICY - 29 At the new decline rate of 9% we would need roughly eight million barrels a day of new production to offset decline. ” They aren’t there to find and we are just a tad behind the five-toseven year development phase to make them produce in time for an economic recovery…if they existed. Prior to the economic collapse of 2008 the International Energy Agency and OPEC had estimated a 30% global increase in demand for oil over the next two decades. However since late September of 2008 the media has been flooded with stories about how the growth in demand has reversed.
We will discuss it and show that it may not be the reprieve we hope for or sold. In order to be shipped between continents, natural gas must be compressed into highly explosive liquefied natural gas or LNG. LNG tankers and terminals are enormously expensive to construct and they pose huge safety risks, as well as very tempting targets for terrorists. They explode fairly easily. In the United States, natural gas currently performs two vital functions. It is responsible for roughly 40% of our electrical generation and it is the feedstock for all nitrogen-based fertilizers with which we grow food.
A PRESIDENTIAL ENERGY POLICY - 15 6000 5000 Millions 4000 3000 2000 Ye a rs Anno Domini (HUMAN POPULATION GROWTH: Courtesy Colin Campbell) 2000 1800 1600 1400 1200 1000 800 600 400 200 0 0 1000 16 - A PRESIDENTIAL ENERGY POLICY CHAPTER ONE ENDNOTES 1. com/Hubbert/; “Energy From Fossil Fuels” by Marion King Hubbert; American Association for the Advancement of Science, Volume 109, No. 2823, February 4, 1949. com/Hubbert/science1949/ 2. PEAKING OF WORLD OIL PRODUCTION: IMPACTS, MITIGATION, & RISK MANAGEMENT, by Robert L.