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Edited on Tue Oct-12-04 10:07 AM by Ready4Change
Peak Oil is potentially disastrous to our society. Oil is used in nearly every facet of the industrialized world. If we go, unprepared, into a time of scarce oil supplies, we go prepared for our own ruin.
However, oil isn't going to instantly run out. Peak Oil theory merely says it's about to start getting prohibitively expensive. While this can be disastrous news for our oil consuming society, it can also be viewed as a tremendous opportunity, one of which we in the United States, with our high tech research abilities, are well positioned to take advantage. Just as the Middle East currently profits from the worlds appetite for oil, we can profit from the Futures appetite for alternatives. As a byproduct, we can all benefit from the cleanliness of many of those alternatives.
I see there being 3 key areas on which to focus. Residential power, Transportation power, and Industrial power.
Residential power needs can be met by a combination of alternative and conservation measures. At current production costs this is prohibitively expensive for most citizens. As oil driven power costs increase, demand for residential alternatives will increase, with a momentary market driven rise in costs. Since the goal is to promote actual residential alternative installations, subsidies to home owners who wish to be early adopters of alternative power should be provided, so that early demand is not hindered by subsequent price increases. Increased demand with subsidies should provide cashflow which will allow industry to ramp up production and eventually use economy of scale to bring prices back down, at which time subsidies can be retracted.
Key technologies: Solar photovoltaic, Solar water heating, standby residential power storage methods, highly efficient home lighting and appliances, higher efficiency home insulation.
Transportation power at this time is nearly totally oil driven. This includes deisel powered rail, kerosene based jets, and gasoline and deisel power road traffic. The issue here is not so much the method of power generation so much as the compactness and energy density of the fuel source. These are areas in which oil products are excellent. Perhaps the most universal replacement as a transportable fuel source is liquidfied hydrogen. This can be produced in scale at industrial grade power production facilities and transported to distribution centers. The biggest problem is the current codependance of the existing oil driven fleet with the existing oil distribution network. To get around this codependance will require a third party (the Government) to commit major resources, both to industry to rebuild it's distribution network, as well as to private individuals to upgrade the vehicle fleet.
Key technologies: Hydrogen fuel cells, Liquid hydrogen storage, Industrial grade hydrogen production, Residential grade hydrogen production.
Industrial power is both the hardest and most vital area to convert to alternatives. While solar methods can be used to meet Residential needs, Industry and Transportation hydrogen production call for more robust techniques. The near term focus should be on safer, smaller nuclear facilities. Experience in Europe demonstrates that more numerous, smaller plants have advantages over the strategy used in the US of larger plants, in which a single failure results in massive outages. As oil costs increase the power production industry should be instructed to convert to nuclear as costs allow. Government loans should be provided, but subsidies should not, as they will result in unneeded early adoption and unneeded price increases, as well as diverting government funds from developing longer term industrial power technologies. Research in longer term sources should be promoted with Government grants, with a goal of producing replacements for nuclear power production.
Key technologies: Smaller nuclear power plants, Spent nuclear fuel treatment and waste storage, Large Scale Solar and Wind production, Tidal production, Geothermic production, Fusion production, Distributed power sharing regulations, Large scale standby power storage.
Peak Oil looms as a potential world wide disaster. By taking strong measures it can be converted into a grand opportunity. An opportunity to free ourselves from oil dependance, from concerns over greenhouse gases, and over a large amount of the pollution we produce. The choice of which world our children will live in depends on our actions today.
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