As gasoline and diesel fuel pass four
As gasoline and diesel fuel pass fourin Goethe und Nostradamus 13.11.2019 02:44
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Peak Oil: The End of Cheap Oil Finance Articles | March 3 Men's Air Max 97 Shoes All Black Sale , 2005
Since corporations and governments are staffed by human beings, it's no surprise that corporate and governmental decisions are marked by the same shortsightedness that we've been warned of ever since Aesop told the tale of the grasshopper and the ant; i.e., tactical decisions for the near term rather than strategic decisions for the long term. True, some Asian corporations try to look five years into the future and certain European governments require new construction to include energy-related features that just don't pencil out at current energy prices Men's Air Max 97 Shoes All White Sale , but those two cases are exceptions to the rule that decisions are made based upon the next quarterly statement and the most recent poll or -- in the best case -- the current fiscal year and the next election.
Faced with a tightening of oil supply (only "the beginning of the end of cheap oil"), one might hope that the US government would invest 3 or 4 years and a few tens of billions of dollars in cash or tax incentives on strategic effort to reduceeliminate dependence on foreign energy sources:
most importantly, establish sufficient grain production and distillery capability to be able to use alcohol rather than gasoline for our internal combustion engines. (Most people don't know that when US forces took the Phillipines during WWII, all those barrels of aviation fuel and truck fuel left behind by the Japanese were of no use because our engines ran on fuel produced by Standard Oil rather than by farmers.) distributed across agricultural areas Men's Air Max 97 Just Do It Black Sale , set up facilities for anaerobic composting of crop residues and manure. These produce methane (CH4), the active ingredient of natural gas and 88 to 90% of its volume. In addition to its use in heating homes and generating electricity, natural gas can also be compressed and used to fuel our vehicles. again distributed but across desert areas, set up photovoltaic facilities to tap solar energy with the electricity used directly or to electrolyze water into oxygen and hydrogen. High tech version would be two-pronged: (1) on-orbit facilities with power beamed to receiving antennas in those same desert areas and (2) with expensive solar panels at 16% efficiency and super expensive ones approaching 20% Men's Off-White x Air Max 97 Elemental Rose Sale , we'd implement a Manhatten style project to put our best and brightest at work coming up with a cheap photovoltaic film of maybe 3 or 4% efficiency that could be squeegeed onto flat surfaces across thousands of acres of sunlit desert. possibly pursue similar efforts to tap wind, geothermal, and tidal energy sources.
These efforts would lead toward a future where a world population measured in billions comes to adopt the Western mindset that light comes from flipping a switch, drinking water comes from twisting a faucet tap Men's Air Max 97 Ultra' 17 Dark Grey Sale , and to go faster you just push down on the pedal. They might even lead to a future where a kid born in Iowa could hope to go where no man has gone before.
But gasoline packs more BTUs per cubic inch than any of the alternatives so even ifwhen oil goes to $100 per barrel none of these efforts can show a profit this quarter or this year or even before the next election. What's worse, they don't fit with the unspoken assumption that what's good for the "awl bidness" is good for the USA. So, instead of those tens of billions being strategically invested over the next few years we got a short term tactical decision based on what's good for the oil business. With Saudia Arabia (the #1 oil source) already on board as one of the best friends that money can buy, with the Taliban unwilling to have a new pipeline across Afghanistan Women's Air Max 97 Ultra' 17 Rose Gold Sale , and with Saddam (the #2 oil source) threatening to price oil in Euros rather than dollars, we chose to spend a year (2003) and $84 billion to assure "the free flow of oil at market prices." Which also assures that Japan, Germany, and other non- oil producers will continue to have to swap their currency for dollars in order to buy oil. It turns out that pursuing the free flow of oil takes more than a year and a lot more than $84 billion even though no oil flows from Iraq and even though Saudi pipelines are now under attack Men's Air Max 97 Ultra '17 Pure Platinum Sale , but there's no indication of reversing course no matter who resides at 1600 Pennsylvania Avenue.
Cheap oil means cheap food. As gasoline and diesel fuel pass four or five dollars per gallon (and gold passes $1,500 per ounce), the biggest change in North America will be that wholesale food markets in urban areas will no longer see trucks arriving with loads of vegetables from California, fruit from Chile Women's Air Max 97 Ultra '17 White Sale , or wine and cheese from Europe. In the first place, fertilizers and pesticides are oil based so food will no longer be cheap even at the source. And whether paying the freight for a ship from South America or a truck from California, our current food sources will become prohibitively expensive compared to eating what grows within several miles of your kitchen.
Cheap oil also means cheap heat and cheap transportation. When North Americans can no longer afford to heat their atrium-entried McMansions or commute from suburbia to their urban jobs,