Abundant Natural Gas and Oil Are Putting the Kibosh on Clean Energy
By Peter Schwartz | Wired.com
Since the 1950s, the US has had a perverse approach to energy. In effect we have maximized demand by building bigger, hungrier cars, homes, and lifestyles and minimized supply by limiting oil drilling, coal mining, and nuclear development. And how do we make up the difference? We buy oil from the people who hate us most.
But this is changing. We’ve long been acutely aware of the geopolitical ramifications of relying on Middle Eastern oil. And the threat of climate change—along with high fuel prices—has made us all realize the need for greater energy efficiency. Thankfully, technology is coming to the rescue. New methods of extracting gas and oil, combined with efficiency gains in nearly every industry, mean that we are now minimizing demand and maximizing supply. And that’s a good thing, right? Not so fast.
Flipping the supply-demand relationship is having some unexpected consequences. Chief among them is that, as fossil fuels become more abundant—and we consume less of them—the incentives to develop clean, renewable energy drop dramatically. As a result, we may no longer be looking at an age of increasing solar, wind, and nuclear power. Instead we are likely moving into a new hydrocarbon era. And that’s very bad news for climate change.
US Oil Consumption Is Down, Production Up
For decades Americans had an almost limitless appetite for oil, most of which was produced overseas. In the past two years, however, the trend has reversed: The US is now making more and consuming less.
Read the full article at: wired.com
Also tune into Red Ice Radio:
Sterling Allan - Hour 1 - Defeating Conspirators: Free Energy Technologies
Sterling Allan - Hour 2 - Free Energy: Freedom
Helen Caldicott - Fukushima & Nuclear Energy
Ralph Ring - Ether Technology, Magnetism, Nikola Tesla & Otis T. Carr
Latest News from our Front Page
Facebook’s New ‘Chinese-style’ Political Censorship System Goes Global
Last week 21WIRE reported on Facebook’s new communitarian policy whereby readers can ‘flag’ content as “fake news” if they believe it’s not real, or if they do not like it. In the wake of the Charlie Hebdo False Flag event, the social media giant is now allowing governments to determine what is ‘good free speech’, and what is not.
“An article ...
"Cheerful" Dutch Financier Becomes 4th ABN Amro Banker Suicide
Following the deaths of 36 bankers last year, 2015 has got off to an inauspicious start with the reported suicide of Chris Van Eeghen - the 4th ABN Amro banker suicide in the last few years. As Quotenet reports, the death of Van Eghen - the head of ABN's corporate finance and capital markets -"startled" friends and colleagues as ...
West’s tributes to late Saudi King reveal hypocrisy not democracy
Hypocrisy is not usually regarded as a virtue of leadership, yet judging by the gushing tributes paid to Saudi Arabia’s King Abdullah by various Western governments and establishment figures on his death, there are those who believe it should be.
In the UK this hypocrisy has been stretched to breaking point with the decision to fly the flags over Downing ...
Millions of GMO insects could be set loose in Florida Keys
Millions of genetically modified mosquitoes could be released in the Florida Keys if British researchers win approval to use the bugs against two extremely painful viral diseases.
Never before have insects with modified DNA come so close to being set loose in a residential U.S. neighborhood.
"This is essentially using a mosquito as a drug to cure disease," said Michael Doyle, executive ...
Furguson Scared The Super - Rich So Bad They're Planning Exits
According to a speaker at the World Economic Forum in Davos, Ferguson and Occupy absolutely terrified the world’s super-rich, and now they’re buying airstrips and farms in remote locations to escape to.
At the World Economic Forum in Davos, Switzerland, which was held between January 21-24, over 2,500 leaders in the fields of business, international politics, academia and journalism met to discuss ...
|More News » |