Winged Wheeler
07-11-2012, 08:58 AM
Really good energy article at this link:
http://assets.nationaljournal.com/pdf/ManhattenInstitute_EnergyExportsJuly12.pdf
Here is part of the intro:
"The energy world has been turned upside-down—but not in the way that
many expected. While policymakers globally have focused on “alternative”
forms of energy, from solar and wind to plant matter and tides, the landscape
has profoundly changed on both the supply and demand sides of the equation.
The game-changing technologies that have emerged involve hydrocarbons: natural
gas, oil, and coal. Technology has unleashed staggering quantities of commercially
exploitable reserves of these fuels, especially in the United States and its neighbors
in North America. The implications for the American economy and its role as a
world leader are, if fully realized, nothing short of revolutionary.
The next two decades will echo the past 20 years. Increased global population
and more wealth will dramatically drive energy growth. And it is clear that
hydrocarbons will fuel the vast majority of that growth, as they have in the past.
Non-hydrocarbon and alternative sources have grown and are growing rapidly but
can’t come close to meeting global economic needs. But there is one overarching
feature of the energy picture that is radically different from the past.
The United States is now the fastest-growing producer of oil and natural gas in the
world...."
WW
http://assets.nationaljournal.com/pdf/ManhattenInstitute_EnergyExportsJuly12.pdf
Here is part of the intro:
"The energy world has been turned upside-down—but not in the way that
many expected. While policymakers globally have focused on “alternative”
forms of energy, from solar and wind to plant matter and tides, the landscape
has profoundly changed on both the supply and demand sides of the equation.
The game-changing technologies that have emerged involve hydrocarbons: natural
gas, oil, and coal. Technology has unleashed staggering quantities of commercially
exploitable reserves of these fuels, especially in the United States and its neighbors
in North America. The implications for the American economy and its role as a
world leader are, if fully realized, nothing short of revolutionary.
The next two decades will echo the past 20 years. Increased global population
and more wealth will dramatically drive energy growth. And it is clear that
hydrocarbons will fuel the vast majority of that growth, as they have in the past.
Non-hydrocarbon and alternative sources have grown and are growing rapidly but
can’t come close to meeting global economic needs. But there is one overarching
feature of the energy picture that is radically different from the past.
The United States is now the fastest-growing producer of oil and natural gas in the
world...."
WW
