The price of gas as it stands today is a problem for many Americans, as well as many people around the world who have it worse than we here in the US do for gasoline prices. There are many factors that have gone into creating the gasoline prices that we are experiencing today, a brief and incomplete list includes:
- global demand increase
- policies against drilling for more oil (supply problems)
- OPEC
- consumer behavior (globally as well as domestically)
- antiquated technology for heating/cooling
- speculators (to a very much lesser extent - I don't personally blame the speculators for anything as they are simply acting on information that the market is giving them).
There are many more, but these are a start. So the question then starts to become - what kind of oils are available? There are several types of unconventional oils (not sweet crude):
- Deepwater oil
- Polar oil
- natural gas liquids (NGL)
- Heavy/Extra heavy oils (oil shale/tar sands)
The problems with these unconventional/heavy oils is that they are:
- currently more expensive to extract
- require massive investments
- take time to acquire
Lets look at some of the primary sources of alternative oils:
Tar Sands (oil sands):
- more than 1 trillion barrels in reserve in Canada
- requires a lot of natural gas/water
- requires a lot of energy to extract
This could be a good solution some day if the extraction process gets better and more finanically viable.
Oil Shale:
This is basically rock that has not given up the oil yet. To extract, you need to use large amounts of heat/water to break the oil out of the rock and then extract it (this is simplifying it). This is something that could bring a lot of jobs/oil/etc. to the markets where it is found, but the energy return is not great.
Natural gas:
- Burns cleanly
- production peaked in US in 2003
- LNG imports will increase, but still maintains the depenency on foreign nations
Coal:
- most abundant, and most problematic fuel
- VAST resources around the world
- The NUMBER 1 source of energy in the US.
- coal can be used to create "synthetic liquid fuel". this is what the Germans did during WWII as I have mentioned before, as well as South Africa during Apartheid.
- US gets 51% of energy from coal
Good news is - the environmental impact of coal is starting to be negated with new technologies.
Nuclear Energy:
- makes up 20% of energy in the US and 12% of global electricity
- carbon emissions are nearly zero
- no shortage of uranium
- possibly politically feasible thanks to the environmental friendliness with the exception of the disposal of used up uranium.
- Gen IV reactors are much safer, more efficient than some of the original nuke facilities that have received so much negative attention.
The affor mentioned are "primary sources of energy". There is then "secondary" energy sources. This includes:
- Hydrogen
- Biofuels (ethanol, biodesel, methanol)
Hydrogen:
- most abundant element in the universe
- it's not a source of energy, rather it's a form of energy storage
- Hydrogen has major problems including volatility, need for pressurization, highly expensive.
- If better batteries are developed, hydrogen would be really not a viable option due to the risks in volved with harnessing it for transportation use.
Biofuels:
- less pollution created than traditional gasoline.
- very expensive (biodiesel)
- unintended consequences (fuel system damage, corn shortage with ethanol, etc.)
- to run our current US population on ethanol or other biofuel, we would need more land to grow the corn on than is available in the US.
So now we break down to what I think is going to be at the heart of the matter - renewable sources of energy. This includes:
- Hydro power
- wind
- solar
- tides/waves
- geothermal power (debatble about how renewable it really is)
Hydropower:
- used on a major scale around the world
- Many environmentalists oppose new dams, but in reality the damage is generally very minimal and what damage is done is localized to one area. Primary polluting or other damage is doen during the construction process.
- Downside... we are already exploiting the vast majority of viable options for hydro power... it already composes 9% of our energy production and is concentrated primarily in the west and northeast.
Wind:
- Economically speaking, it's the fastest growing renewable resource
- produces 1% of the US electricity (currently)
- New wind turbines are much more efficient and do a far better job.
- Wind is an obviously renewable resource - if the wind stops blowing we are going to have serious problems ;).
BUT - wind has its drawbacks
- kills birds (not that it bothers me)
- aesthetically less than pleasing
- restricted to windy areas
- Wind does not blow all the time, and therefore does not create power all the time which somewhat restricts it to being a backup to other forms of more reliable energy sources.
Solar power:
- Intermittency because of the fact the sun doesn't shine constantly in many places
- thus, geography matters
- Pannels today don't generate enough energy to run "everything" in a house..
- also - if demand gets too high will be run out of material to build solar pannels and what is the environmental cost for creating them particularly on a mass scale?
Geothermal energy:
This is something that I was not very familiar with until I did some reading.
- Basically, geothermal heat pumps use insulating properties of the earth to privide residential heating in winter and cooling in teh summer.
- dependent on location as to whether or not it's a viable solutions
Wave power:
Essentially, wave farms are put off the coast and use the rolling waves to generate electricity in strings of flat buoeys (sp??). Downsides are that it "might" hurt fish and they look bad off the coast.
Tidal power:
Large turbines are turned as the tide comes in and out. This turns the turbine and generates electricity. This is once again a decision for people to make as to whether or not they can live with the loss of some marine life (potentially). it's zero emissions outside of that.
SO, you've read this far. This has been written to discuss all the alternatives that are out there (or at least some of the more mainstream possibilities).
It's my personal opinion that we need to move quickly to nuclear power first and foremost. It's clean, has a ton of energy, and can be used anywhere.
Secondly, we need to exploit wind/tidal/hydro/wave powers. I'm personally not sold on solar as it costs a lot and doesn't really produce a lot of energy. I saw something the other day where they had a roof virtually covered in solar pannels and they said all it did was generate enough energy to heat water and pay like 10% of the electric bill. That kind of savings vs. the cost of the pannels just doesn't add up to me. Maybe someday when the solar industry gets more advanced and we can harness more energy from their use, I would be more on board with that. The other options that I have posted represent a great deal of proven energy that will lower our dependence on oil and have us start limiting the use to transportation only.
Finally, we need to explore oil shale here at home and the tar sands in Canada; drill here, drill now. the techonologies that we have today can make off shore, shale, and tar sand oil exploration a viable solution. Food for thought on this is:
1 - only 1% of all oil in the oceans today is from man
2 - When the gulf coast, and new orleans in particular, experienced katrina we learned a lot about our country. we learned about government inadequacies, peoples inability to take care of themselves, Bush being slow to respond, etc. We also learned that we didn't spill a SINGLE DROP of oil from off shore rigs or storage tanks during the worst storm in the areas history.
3 - oil prices will fall IMMEDIATELY if we even just SAY we are going to drill. Look what happened to the price of oil when Bush lifted the ban on offshore drilling? The futures market responded, the traders responded, because they knew that in the future the increase in supply would decrease the cost.
4 - We DO NOT HAVE A SUPPLY PROBLEM. we have a willingness problem to go out and get it. Every other first world nation is doing what they can to get oil, and create alternative forms of energy (read nuclear energy). we must do what we can, and every other nation should as well, to become as independent from other nations for energy sources as possible.
I am all for removing fossil fuels from our energy supplies. However, it's just not pragmatic to tell people to stop driving cars that use gasoline. that would take literally decades to get people off of gasoline for driving. we can start today, but not at the cost of crippling the US economy. If the US economy is doing well, it benefits many other nations around the world. The US gov. has the responsibility to not handicap it's population with red tape and partisan bickering.
So -
- Start the nuke power plant building process
- exploit the other forms of alternative energy
- use a bit less
- and drill here, drill now.
Do those things in that order, and I think the price at the pump should come back down to a reasonable level that would translate back through the rest of the economy and make your life, my life, and the populations life better.
Thanks for reading the long post.... thoughts?
- global demand increase
- policies against drilling for more oil (supply problems)
- OPEC
- consumer behavior (globally as well as domestically)
- antiquated technology for heating/cooling
- speculators (to a very much lesser extent - I don't personally blame the speculators for anything as they are simply acting on information that the market is giving them).
There are many more, but these are a start. So the question then starts to become - what kind of oils are available? There are several types of unconventional oils (not sweet crude):
- Deepwater oil
- Polar oil
- natural gas liquids (NGL)
- Heavy/Extra heavy oils (oil shale/tar sands)
The problems with these unconventional/heavy oils is that they are:
- currently more expensive to extract
- require massive investments
- take time to acquire
Lets look at some of the primary sources of alternative oils:
Tar Sands (oil sands):
- more than 1 trillion barrels in reserve in Canada
- requires a lot of natural gas/water
- requires a lot of energy to extract
This could be a good solution some day if the extraction process gets better and more finanically viable.
Oil Shale:
This is basically rock that has not given up the oil yet. To extract, you need to use large amounts of heat/water to break the oil out of the rock and then extract it (this is simplifying it). This is something that could bring a lot of jobs/oil/etc. to the markets where it is found, but the energy return is not great.
Natural gas:
- Burns cleanly
- production peaked in US in 2003
- LNG imports will increase, but still maintains the depenency on foreign nations
Coal:
- most abundant, and most problematic fuel
- VAST resources around the world
- The NUMBER 1 source of energy in the US.
- coal can be used to create "synthetic liquid fuel". this is what the Germans did during WWII as I have mentioned before, as well as South Africa during Apartheid.
- US gets 51% of energy from coal
Good news is - the environmental impact of coal is starting to be negated with new technologies.
Nuclear Energy:
- makes up 20% of energy in the US and 12% of global electricity
- carbon emissions are nearly zero
- no shortage of uranium
- possibly politically feasible thanks to the environmental friendliness with the exception of the disposal of used up uranium.
- Gen IV reactors are much safer, more efficient than some of the original nuke facilities that have received so much negative attention.
The affor mentioned are "primary sources of energy". There is then "secondary" energy sources. This includes:
- Hydrogen
- Biofuels (ethanol, biodesel, methanol)
Hydrogen:
- most abundant element in the universe
- it's not a source of energy, rather it's a form of energy storage
- Hydrogen has major problems including volatility, need for pressurization, highly expensive.
- If better batteries are developed, hydrogen would be really not a viable option due to the risks in volved with harnessing it for transportation use.
Biofuels:
- less pollution created than traditional gasoline.
- very expensive (biodiesel)
- unintended consequences (fuel system damage, corn shortage with ethanol, etc.)
- to run our current US population on ethanol or other biofuel, we would need more land to grow the corn on than is available in the US.
So now we break down to what I think is going to be at the heart of the matter - renewable sources of energy. This includes:
- Hydro power
- wind
- solar
- tides/waves
- geothermal power (debatble about how renewable it really is)
Hydropower:
- used on a major scale around the world
- Many environmentalists oppose new dams, but in reality the damage is generally very minimal and what damage is done is localized to one area. Primary polluting or other damage is doen during the construction process.
- Downside... we are already exploiting the vast majority of viable options for hydro power... it already composes 9% of our energy production and is concentrated primarily in the west and northeast.
Wind:
- Economically speaking, it's the fastest growing renewable resource
- produces 1% of the US electricity (currently)
- New wind turbines are much more efficient and do a far better job.
- Wind is an obviously renewable resource - if the wind stops blowing we are going to have serious problems ;).
BUT - wind has its drawbacks
- kills birds (not that it bothers me)
- aesthetically less than pleasing
- restricted to windy areas
- Wind does not blow all the time, and therefore does not create power all the time which somewhat restricts it to being a backup to other forms of more reliable energy sources.
Solar power:
- Intermittency because of the fact the sun doesn't shine constantly in many places
- thus, geography matters
- Pannels today don't generate enough energy to run "everything" in a house..
- also - if demand gets too high will be run out of material to build solar pannels and what is the environmental cost for creating them particularly on a mass scale?
Geothermal energy:
This is something that I was not very familiar with until I did some reading.
- Basically, geothermal heat pumps use insulating properties of the earth to privide residential heating in winter and cooling in teh summer.
- dependent on location as to whether or not it's a viable solutions
Wave power:
Essentially, wave farms are put off the coast and use the rolling waves to generate electricity in strings of flat buoeys (sp??). Downsides are that it "might" hurt fish and they look bad off the coast.
Tidal power:
Large turbines are turned as the tide comes in and out. This turns the turbine and generates electricity. This is once again a decision for people to make as to whether or not they can live with the loss of some marine life (potentially). it's zero emissions outside of that.
SO, you've read this far. This has been written to discuss all the alternatives that are out there (or at least some of the more mainstream possibilities).
It's my personal opinion that we need to move quickly to nuclear power first and foremost. It's clean, has a ton of energy, and can be used anywhere.
Secondly, we need to exploit wind/tidal/hydro/wave powers. I'm personally not sold on solar as it costs a lot and doesn't really produce a lot of energy. I saw something the other day where they had a roof virtually covered in solar pannels and they said all it did was generate enough energy to heat water and pay like 10% of the electric bill. That kind of savings vs. the cost of the pannels just doesn't add up to me. Maybe someday when the solar industry gets more advanced and we can harness more energy from their use, I would be more on board with that. The other options that I have posted represent a great deal of proven energy that will lower our dependence on oil and have us start limiting the use to transportation only.
Finally, we need to explore oil shale here at home and the tar sands in Canada; drill here, drill now. the techonologies that we have today can make off shore, shale, and tar sand oil exploration a viable solution. Food for thought on this is:
1 - only 1% of all oil in the oceans today is from man
2 - When the gulf coast, and new orleans in particular, experienced katrina we learned a lot about our country. we learned about government inadequacies, peoples inability to take care of themselves, Bush being slow to respond, etc. We also learned that we didn't spill a SINGLE DROP of oil from off shore rigs or storage tanks during the worst storm in the areas history.
3 - oil prices will fall IMMEDIATELY if we even just SAY we are going to drill. Look what happened to the price of oil when Bush lifted the ban on offshore drilling? The futures market responded, the traders responded, because they knew that in the future the increase in supply would decrease the cost.
4 - We DO NOT HAVE A SUPPLY PROBLEM. we have a willingness problem to go out and get it. Every other first world nation is doing what they can to get oil, and create alternative forms of energy (read nuclear energy). we must do what we can, and every other nation should as well, to become as independent from other nations for energy sources as possible.
I am all for removing fossil fuels from our energy supplies. However, it's just not pragmatic to tell people to stop driving cars that use gasoline. that would take literally decades to get people off of gasoline for driving. we can start today, but not at the cost of crippling the US economy. If the US economy is doing well, it benefits many other nations around the world. The US gov. has the responsibility to not handicap it's population with red tape and partisan bickering.
So -
- Start the nuke power plant building process
- exploit the other forms of alternative energy
- use a bit less
- and drill here, drill now.
Do those things in that order, and I think the price at the pump should come back down to a reasonable level that would translate back through the rest of the economy and make your life, my life, and the populations life better.
Thanks for reading the long post.... thoughts?
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