[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Barron Trump

Big Pharma-Sponsored Vaccinologist Finally Admits mRNA Shots Are Killing Millions

US fiscal year 2025 opens with a staggering $257 billion October deficit$3 trillion annual pace.

His brain has been damaged by American processed food.

Iran willing to resolve doubts about its atomic programme with IAEA

FBI Official Who Oversaw J6 Pipe Bomb Probe Lied About Receiving 'Corrupted' Evidence “We have complete data. Not complete, because there’s some data that was corrupted by one of the providers—not purposely by them, right,” former FBI official Steven D’Antuono told the House Judiciary Committee in a

Musk’s DOGE Takes To X To Crowdsource Talent: ‘80+ Hours Per Week,’

Female Bodybuilders vs. 16 Year Old Farmers

Whoopi Goldberg announces she is joining women in their sex abstinence

Musk secretly met with Iran's UN envoy NYT

D.O.G.E. To have a leaderboard of most wasteful government spending

In Most U.S. Cities, Social Security Payments Last Married Couples Just 19 Days Or Less

Another major healthcare provider files for Chapter 11 bankruptcy

The Ukrainians have put Tulsi Gabbard on their Myrotvorets kill list

Sen. Johnson unveils photo of Biden-appointed crossdressers after reporters rage over Gaetz nomination

sted on: Nov 15 07:56 'WE WOULD LOSE' War with Iran: Col. Lawrence Wilkerson

Israeli minister says Palestinians should have no voting or land rights

The Case For Radical Changes In US National Defense: Col. Douglas Macgregor

Biden's Regulations Legacy Costs Taxpayers $1.8 Trillion, 800 Times Larger than Trumps

Israeli Soldiers are BUSTED!

Al Sharpton and MSNBC Caught in Major Journalism Ethics Fail in Accepting Kamala's Campaign Money

ABC News in panic mode to balance The View after anti-Trump panel misses voter sentiment

The Latest Biden Tax Bomb

Republicans Pass New Anti-Woke Law: Ohio Senate Bans Transgender from Womens School Bathrooms

Gaetz, who would oversee US prisons as attorney general, thinks El Salvador’s hardline lockups are a model

Francesca Albanese shuts down reporter question on whether Israel has right to exist

Democratic Governors Create Coalition To Push Back Against Trump Policies

BRICS Write-off $20 billion Debt of Africa and Shocked IMF

MASS EXODUS Of Soldiers Rock IDF After BLOODIEST DAY EVER in Lebanon

This Is Why They Wont Be Able To Block Matt Gaetz, Tulsi Gabbard, Pete Hegseth And RFK Jr.


Science/Tech
See other Science/Tech Articles

Title: Oil's Expanding Frontiers
Source: townhall.com
URL Source: http://townhall.com/columnists/Geor ... 11/22/oils_expanding_frontiers
Published: Nov 23, 2009
Author: George Will
Post Date: 2009-11-23 08:35:21 by Eric Stratton
Keywords: None
Views: 63
Comments: 1

Oil's Expanding Frontiers
George Will
Sunday, November 22, 2009

WASHINGTON -- What city contributed most to the making of the modern world? The Paris of the Enlightenment and then of Napoleon, pioneer of mass armies and nationalist statism? London, seat of parliamentary democracy and center of finance? Or perhaps Titusville, Pa.

Oil seeping from the ground there was collected for medicinal purposes -- until Edwin Drake drilled and 150 years ago -- Aug. 27, 1859 -- found the basis of our world, 69 feet below the surface of Pennsylvania, which oil historian Daniel Yergin calls "the Saudi Arabia of 19th-century oil."

For many years, most oil was used for lighting and lubrication, and the amounts extracted were modest. Then in 1901, a new well named for an East Texas hillock, Spindletop, began gushing more per day than all other U.S. wells combined.

Since then, America has exhausted its hydrocarbon supplies. Repeatedly.

In 1914, the Bureau of Mines said U.S. oil reserves would be exhausted by 1924. In 1939, the Interior Department said the world had 13 years worth of petroleum reserves. Then a global war was fought and the postwar boom was fueled, and in 1951 Interior reported that the world had ... 13 years of reserves. In 1970, the world's proven oil reserves were an estimated 612 billion barrels. By 2006, more than 767 billion barrels had been pumped and proven reserves were 1.2 trillion barrels. In 1977, Scold in Chief Jimmy Carter predicted that mankind "could use up all the proven reserves of oil in the entire world by the end of the next decade." Since then the world has consumed three times more oil than was then in the world's proven reserves.

But surely now America can quickly wean itself from hydrocarbons, adopting alternative energies -- wind, solar, nuclear? No.

Keith O. Rattie, CEO of Questar Corporation, a natural gas and pipeline company, says that by 2050 there may be 10 billion people demanding energy -- a daunting prospect, considering that of today's 6.2 billion people, nearly 2 billion "don't even have electricity -- never flipped a light switch." Rattie says energy demand will grow 30 percent to 50 percent in the next 20 years and there are no near-term alternatives to fossil fuels.

Today, wind and solar power combined are just one-sixth of 1 percent of American energy consumption. Nuclear? The United States and other rich nations endorse reducing world carbon emissions 80 percent by 2050. But Oliver Morton, a science writer, says that if nuclear is to supply even just 10 percent of the necessary carbon-free energy, the world must build more than 50 large nuclear power plants a year. Currently five a year are being built. Rattie says that as part of "a worldwide building boom in coal-fired power plants," about 30 under construction in America "will burn about 70 million tons of coal a year."

Edward L. Morse, an energy official in Carter's State Department, writes in Foreign Affairs that the world's deep-water oil and gas reserves are significantly larger than was thought just a decade ago, and high prices have spurred development of technologies -- a drilling vessel can cost $1 billion -- for extracting them. The costs of developing oil sands -- Canada may contain more oil than Saudi Arabia has -- are declining, so projects that last year were not economic with the price of oil under $90 a barrel are now viable with oil at $79 a barrel.

Morse says new technologies are also speeding development of natural gas trapped in U.S. shale rock. The Marcellus Shale, which stretches from West Virginia through Pennsylvania and into New York, "may contain as much natural gas as the North Field in Qatar, the largest field ever discovered."

Rattie says U.S. known reserves of natural gas, which are sure to become larger, exceed 100 years of supply at the current rate of consumption. BP recently announced a "giant" oil discovery beneath the Gulf of Mexico. Yergin, writing in Foreign Policy, says "careful examination of the world's resource base ... indicates that the resource endowment of the planet is sufficient to keep up with demand for decades to come."

Such good news horrifies people who relish scarcity because it requires -- or so they say -- government to ration what is scarce and to generally boss people to mend their behavior: "This is the police!" Put down that incandescent bulb and step away from the lamp!"

Today, there is a name for the political doctrine that rejoices in scarcity of everything except government. The name is environmentalism.

Click for Full Text!

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Eric Stratton. all (#0)

A fitness gym on the UT campus is installing generators on their elliptical work-out machines. A thirty minute session on the machine will generate enough power to run an average laptop for three hours.

Lod  posted on  2009-11-23   10:42:49 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]