By Michael C. Ruppert
Michael Ruppert addresses a few basic yet extensively neglected recommendations in relation to the severe function of oil and fuel within the smooth global. First, they're finite assets, shaped within the geological prior, for that reason topic to depletion. moment, they need to be stumbled on prior to they are often produced. He then is going directly to tackle the broader implications spotting that there's a finite Oil Age. Many claims were made that new expertise will counter the normal decline, yet there's an underestimation: the higher the expertise, the quicker the depletion. The publication then turns to comparable topics, together with international coverage and the invasion of Iraq, the hopes for renewable power substitutes, the effect on farming and inhabitants, and the character of cash. The influence at the economic system is a critical subject matter of the booklet. It offers emphasis to the U.S. scenario but in addition covers the broader global, finishing with twenty-five good concepts through which the U.S. executive may well react to the unfolding state of affairs.
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Extra resources for A Presidential Energy Policy, 1st Edition
I published an excerpt from that story in my 2004 book, Crossing the Rubicon: The Decline of the American Empire at the End of the Age of Oil: “This [book cooking] is one of the major causes of disinformation regarding energy issues. S. government relies on the EIA for all of its energy information. Yet the EIA, a division of the Department of Energy, has admitted that it reverse-engineers its studies. S. ’ This means that the EIA first looks at projected figures for demand, then juggles reserve and production figures to meet that demand!
Remember all those glorious predictions about the Caspian? Did you or your family go out and 32 - A PRESIDENTIAL ENERGY POLICY buy an Escalade or Expedition after you heard that news? How many $125 million dollar wells will we be able to pay for? How many will be dry holes? As the brilliant energy expert and columnist Tom Whipple said to me in September 2008, “What drilling in ANWR means is that in the year 2016 or 2018, Americans will be paying $11 a gallon instead of $12, if the economy holds out.
5 million barrels of conventional oil per day. Media pundits both ignorantly or deceptively throw out numbers like 11 or 12 billion barrels per day for future Saudi production and include natural gas liquids which are useless to make gasoline but great for your propane or butane tanks, or extra heavy sour oil which is fine for making asphalt and often can’t be refined into gasoline. Many experts believe, as does the world’s largest energy investment banker Matthew Simmons as he documented in his best-selling book Twilight in the Desert that Saudi Arabia might well have entered decline and be on the brink of collapse in some fields – including the great Ghawar.