After Election, Renewable Energy’s Future Remains in Doubt (statistics, Barack Obama, how much)

[Mr.XXX]

So much for the environmental fanatic's hype. None of this stuff works economically and no it's not right around the corner that it is going to work....Whether you like it or not fossil fuels are still the wave of the future....


After Election, Renewable Energy

[Winter_Sucks]

Fossil fuels are finite, so they are not the future.

[Frozenyo]

First we get Dr. X and now Mr. XXX...Just use your original accounts, it's ok.

[Memphis1979]

Renewables must be financially solvent. So should fossil fuels because we give subsidies to both. We shouldn't be giving subsidies to any. But not all renewables are far fetched. Biofuels and wind are the best two right now. Likely going forward we will continue to use many different energy sources.

[Wapasha]

Originally Posted by Memphis1979

Renewables must be financially solvent. So should fossil fuels because we give subsidies to both. We shouldn't be giving subsidies to any. But not all renewables are far fetched. Biofuels and wind are the best two right now. Likely going forward we will continue to use many different energy sources.

What subsides to we give to fossil fuels?

[Memphis1979]

Originally Posted by Wapasha

What subsides to we give to fossil fuels?

Tax subsidies for missed wells mainly. Its why Exxon paid no effective income tax.

[Mr.XXX]

First we get Dr. X and now Mr. XXX...Just use your original accounts, it's ok.

[Frozenyo]

Originally Posted by Mr.XXX

Really, it's ok..

[Mr.XXX]

Fossil fuels are finite, so they are not the future.

#1 Back in 1995, the U.S. Geological Survey told the American people that the Bakken Shale formation in western North Dakota and eastern Montana only held 151 million barrels of oil. Today, government officials are admitting that it holds 4.3 billion barrels of recoverable oil, and some analysts believe that the actual number could be closer to 20 billion barrels of oil.

#2 It is estimated that there are up to 19 billion barrels of recoverable oil deposits in the tar sands of Utah.

#3 It is estimated that there are at least 86 billion barrels of recoverable oil deposits in the Outer Continental Shelf.

#4 It is believed that there are 800 billion barrels of recoverable oil deposits in the Green River formation in Wyoming.

#5 Overall, the United States is sitting on approximately 1.442 trillion barrels of recoverable oil deposits.

#6 According to the Institute of Energy Research, the United States has a 120 year supply of natural gas.

#7 According to the Institute of Energy Research, the United States has a 200 year supply of oil.

#8 According to the Institute of Energy Research, the United States has a 464 year supply of coal.

#9 According to Pastor Lindsey Williams, absolutely gigantic oil fields have been discovered up in Alaska that the American public is not being told about.

#10 Goldman Sachs is predicting that the United States will be the number one oil producing country in the world by the year 2017.

But you never hear any of these statistics from Barack Obama, do you?

And some of our oil fields that were thought to be “depleted” are actually filling back up with oil. Many scientists are extremely puzzled by this. The following quote is from a 1999 Wall Street Journal article….

[thecoalman]

Originally Posted by Winter_Sucks

Fossil fuels are finite, so they are not the future.

True but as a practical matter at least as far as the coal supply goes it's infinite resource. The demand will drop long before the supply is exhausted. The very smallest triangle on the top of this pyramid marked 17.9 billion tons is enough coal to last roughly the next 18 years.

How Much Coal Is Left - Energy Explained, Your Guide To Understanding Energy - Energy Information Administration




Then there is resources like the Green River Formation with nearly a trillion barrels of oil, we have a massive amount of natural gas thanks to technology. The average perception of most people is that the US has an energy issue, that's not the case at all. The issue is the political will to utilize it.