Fossil Fuels: They've only just begun

I posted earlier about Peak Oil/increased-demand theory , causing shortages. But the following article from Salon.com changes all of that. It maintains that solar and wind power are endangered, not fossil fuels, which are in fact poised to really start to kick in:

Everything you've heard about fossil fuels may be wrong
The future of energy is not what you think it is

[...] it appears that the prophets of an age of renewable energy following Peak Oil got things backwards. We may be living in the era of Peak Renewables, which will be followed by a very long Age of Fossil Fuels that has only just begun.

Thanks to shale oil and natural gas, and new technologies that not only make them more easily available world-wide, but make them a cleaner alternative to coal. Read the whole thing, it's very thorough. It explains it's premise in detail, and presents a very compelling case. Gosh and Golly. Whodathunkit?
     

"Peak Oil" and/or "Increased Demand"?

The Peak Production theory:

Peak oil

Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline. This concept is based on the observed production rates of individual oil wells, and the combined production rate of a field of related oil wells. The aggregate production rate from an oil field over time usually grows exponentially until the rate peaks and then declines—sometimes rapidly—until the field is depleted. This concept is derived from the Hubbert curve, and has been shown to be applicable to the sum of a nation’s domestic production rate, and is similarly applied to the global rate of petroleum production. Peak oil is often confused with oil depletion; peak oil is the point of maximum production while depletion refers to a period of falling reserves and supply.

[...]

Some observers, such as petroleum industry experts Kenneth S. Deffeyes and Matthew Simmons, believe the high dependence of most modern industrial transport, agricultural, and industrial systems on the relative low cost and high availability of oil will cause the post-peak production decline and possible severe increases in the price of oil to have negative implications for the global economy. Predictions vary greatly as to what exactly these negative effects would be. If political and economic changes only occur in reaction to high prices and shortages rather than in reaction to the threat of a peak, then the degree of economic damage to importing countries will largely depend on how rapidly oil imports decline post-peak.

Optimistic estimations of peak production forecast the global decline will begin by 2020 or later, and assume major investments in alternatives will occur before a crisis, without requiring major changes in the lifestyle of heavily oil-consuming nations. These models show the price of oil at first escalating and then retreating as other types of fuel and energy sources are used.[3] Pessimistic predictions of future oil production operate on the thesis that either the peak has already occurred,[4][5][6][7] that oil production is on the cusp of the peak, or that it will occur shortly.[8][9] The International Energy Agency (IEA) says production of conventional crude oil peaked in 2006.[10][11] Throughout the first two quarters of 2008, there were signs that a global recession was being made worse by a series of record oil prices.[12] [...]

A Dark Warning on Global Oil Demand

Many top corporate and political figures gathered in Houston on Tuesday for the annual CeraWeek conference on the outlook for energy, and they got an earful from John B. Hess, chairman and chief executive of the Hess Corporation.

“An energy crisis is coming, likely to be triggered by oil,” he predicted. “Demand is expected to grow on an annual basis by at least one million barrels per day, driven by the developing economies of the world and by a growth in transportation as we go from one billion cars today to two billion cars in 2050.”

The problem, he said, is not that the world is running out of oil. He estimated that while the world has produced one trillion barrels of oil, two trillion more remain in the ground. Meanwhile surplus oil production capacity is three billion to four million barrels a day.

But watch out for the future. “As demand grows in the next decade, we will not have the oil production capacity we will need to meet demand,” Mr. Hess said. “Supply will then have to ration demand, and prices will skyrocket – with the likely outcome of bringing the world’s economy to its knees.”

So where are oil prices going? “The $140-per-barrel oil price of three years ago was not an aberration,” he said. “It was a warning.”

Mr. Hess’s policy prescription was not surprising: he wants more drilling, including in the Gulf of Mexico, and more natural gas used in the generation of electricity, among other proposals. His stark vision of the global energy future stood out nonetheless.

Either way, Peak Oil or Increased Demand, the same end result: rationing? Are the days of abundant cheap energy about to become a thing of the past? At least in the way that we knew it be. As more energy producing sources are developed, and more efficient ways of using energy are implemented... well. I can't say exactly how it's going to turn out. But it's likely going to be different from what we have known. Another unfolding aspect of Our Brave New World.

     

Over-embracing "Green" energy: the reality

Great Britain facing blackouts from 'Green' energy policies:

BLACKOUT BRITAIN FACES BIG TURN OFF

BRITAIN faces years of blackouts and soaring electricity bills because of the drive toward green power, a leading energy expert warned last night.

A growing obsession with global warming and “renewable” sources threatens the stability of our supply.

Derek Birkett, a former Grid Control Engineer who has a lifetime’s experience in electricity supply throughout Britain, warned that the cost of the crisis could match that of the recent banking collapse.

And he claimed that renewable energy expectations were now nothing more than “dangerous illusions” which would hit consumers hard in the pocket.

“We are going to pay a very heavy price for the fact there has been a catalogue of neglect by the former Government which has focused on renewable energy sources,” Mr Birkett said.

“We need a mix of sources and this takes time. Renewables have the problem of being intermittent, particularly wind, and we need more back-up capacity. By having all our sources in one basket we are risking disruption. [...]

California made the same mistake in the 1990. They put too large a portion of their energy budget into "green" initiatives that just could not produce the required power. The result was rolling blackouts. They then had to scramble to start building more conventional power plants, which contributed to the states ever growing deficit problem. I posted about it here:

Green Energy, Blackouts, California and France

The mistake wasn't in encouraging and promoting "green" renewable energy sources. The mistake was in trying to rely on them as primary energy sources too soon, before they were ready to handle that capacity.

At best, green energy sources are supplemental. You can't make them prime before their time. They are evolving technologies.

Even people who don't believe the global warming hysteria, like green energy, because it reduces our dependency on foreign oil. But we can't ignore reality, and must acknowledge it's current limitations, even as we try to integrate it where we can, and work steadily to improve it and encourage it. To allow global warming hysteria to force premature adoption of green energy on a massive scale, will have disastrous results. You only have to look at California to see why.


Also see:

Cap and Trade: following California's example?

Been there, done that, got the Tee-shirt... and moved to another state. But our whole nation now is moving to make the same mistake. If you read the whole article about Great Britain, the details, it's the same thing there. How many other countries are doing the same things? Is "everyone doing it" now?