By Michael C. Ruppert
Michael Ruppert addresses a few uncomplicated yet broadly neglected strategies when it comes to the serious function of oil and gasoline within the smooth global. First, they're finite assets, shaped within the geological earlier, hence topic to depletion. moment, they need to be came upon earlier than they are often produced. He then is going directly to deal with the broader implications spotting that there's a finite Oil Age. Many claims were made that new expertise will counter the average decline, yet there's an underestimation: the higher the expertise, the quicker the depletion. The publication then turns to similar matters, together with overseas coverage and the invasion of Iraq, the hopes for renewable strength substitutes, the impression on farming and inhabitants, and the character of cash. The effect at the financial system is a important subject matter of the booklet. It supplies emphasis to the U.S. state of affairs but in addition covers the broader international, finishing with twenty-five good innovations during which the U.S. executive may perhaps react to the unfolding scenario.
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Extra info for A Presidential Energy Policy
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. Hirsch, SAIC, Project Leader; Roger Bezdek, MISI; Robert Wendling, MISI -- February 2005. 3. OUT OF GAS: The End of the Age of Oil, David Goodstein, (Norton, 2004). Goodstein reaffirmed this position in an October 18, 2004 interview with the Los Angeles Business Journal interview entitled “Oil Barren” – “The worst case is that Hubbert's Peak occurs and we have a crisis that involves runaway inflation.
Myths of hydrogen-powered vehicles are just that, myths. According to a University of California study3 it takes 1,113 gallons of gaseous hydrogen to equal the energy in one gallon of gasoline. 22 - A PRESIDENTIAL ENERGY POLICY Commercial hydrogen today is made from natural gas and natural gas is also in short supply. Electric cars sound nice but electricity is not an energy source. It must be generated from energy. The idea of using fresh water as a fuel source, where electricity is inefficiently used to split water atoms and release hydrogen, is not rational.
What the heck…let’s just melt the damn thing so we can put a $200 million rig there that may or may not find oil. But following the economic collapse, with oil at around $45 there isn’t a (pardon the pun) snowball’s chance that Arctic oil will get developed at all. Why spend between $90 and $100 or more a barrel to get oil that you can only sell for $45? Remember that under the current economic paradigm the four to seven-year development clock doesn’t start until the oil price becomes profitable.