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US Energy Policy: Why It Failed & How To Fix It

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Comments (3)

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  1. Joey says:

    you’re crazy

  2. DJ Redman says:

    TJ, you have made it a lot easier for the average person to understand what people actually mean by the phrase “comprehensive energy policy” here. While the Algae biofuel has huge potential, considering that it has been in development for 35 years, according to a NY Times piece,Algae biofuel is still a long ways from a safe development that won’t pose a risk to environmental balance. Check out the Times article : http://www.nytimes.com/2010/07/26/business/energy-environment/26algae.html?pagewanted=2

    Interesting stuff there for sure. Algae in the oceans supply the world with about 40% of the oxygen we breathe. Upset the natural balance, and the global warming alarmists won’t have to worry about the earth’s rising temp-as huge portions of the pop. will die off long before then. The old saying “you can’t fool mother nature” comes to mind there.

    Also, “proven oil reserves” have been pointed to as a false way of manipulating fossil fuel suppplies worldwide, as Bill Kovarik points out here:

    http://www.radford.edu/~wkovarik/oil/

    Ever since the world’s first commercial oil wells opened in the US and Russia in the 1850s, the question of future oil supply has been controversial.

    Today many people take for granted that oil production has peaked and that no substantial new amounts of oil are even possible to develop.

    These pages present a contrary view based on the idea that oil reserve figures have not been presented honestly by the US and European oil industry. This is not to say that oil won’t run out some day, but rather that the usually uncounted reserves are far larger than are generally known.

    Great charts in that piece that help folks understand the difference between “proven oil reserves” and the USGS studies. As Standard Oil executive Wallace Pratt said in 1944, it is a “fallacy … [to] cite proved reserves as a measure of available future supplies.” Yet this is exactly what has animated US policy in the Middle East. A stifling game of world politics is being played there, concerning the actual amount of world oil reserves, especially those located in the United States.

    Clean energy is a must, as is energy conservation for the betterment of society worldwide. Everyone agrees on that principle. However, we can not let our government control the energy sector. This needs to be done 100% by the private sector, to ensure vigorous competition and enhanced prosperity through true capitalism. The government has never created a thing, a viable product, an invention, a profitable company, nothing.. except the current $15 trillion dollars of debt. When it comes to cost efficiency, the private sector succeeds based on profit-driven competition, while the government fails miserably.

    • TJ Thompson says:

      DJ,
      Thanks for the links! Definitely something worth taking into consideration on the “proven” reserves. It certainly changes the geopolitical scope of Energy Policy.

      I agree that the Algae has a long way to go, but I feel that it is an option that we should – at the very least – explore further.

      Thanks for reading, and for the info, as well!
      -TJ-