The Market Ticker - Let's Talk About An ACTUAL Energy Policy
Ok, if you’ve listened to Pickens and the Ratigan show, you know that they seem to think that we can fix things with natural gas and perhaps with some renewables.
That will never work. Nor will drilling here – we can replace some of our demand, but not all of it. Further, the amount of oil we have is finite.
Indeed, all of the various energy resources are finite. Even The Sun is finite. It will eventually run out of fuel and “die.” It just won’t happen for a very, very long time.
We have about ten years of natural gas supplies in proved reserves at present rates of consumption. But “growth” is a nasty thing; it’s a compound function, and I discuss this often – compound functions cause trouble, and usually quickly.
Pickens wants to move trucks (at minimum) to natural gas. Nice sentiment. …….
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Source: https://www.market-ticker.org/akcs-www?post=183373
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