I was just in the Mark VIII section of LVC, and saw a thread where people were complaining about gas prices, rightfully so. As an engineering working closely with energy systems design, it is my responsibility to understand the energy crisis that is going on right now and hopefully I you guys will see that the Govt. simply doesn't want us to know certain things so we don't panic.
Here are a few misconceptions about the current energy crisis.
-The A-rabs are being jerks and they aren't producing as much crude oil as before, or they are just selling it to us expensive.
--No, Suadi Arabie, Kuwait, etc. is extracting nearly twice as much crude oil as they were in 1995. The reason gas prices in America are going up is because there is this small little country, China, whose GDP grows by 12-13% over the past 10 years, and they are making the switch from peddle power to horse power. In another 10 years China will use more oil than America, then the middle east will switch focus to the country that buys the most, and our gas prices will be European, and European gas prices will be unbelievable.
Current world curde oil usage:
USA - 60%
Europe - 15%
China - 12%
and all the rest.
-The world is running out of oil, thats why prices are going up.
--Yes and no, in 20-40 years all of the crude oil that technology allows us to excevate will be gone. Currently, the first 30% of crude we can extract no problem, the next 15% is extremely expensive to get out, and the remaining 55% we are unable to retrieve. When the world runs out of gas, more than 50% of the worlds oil will remain unnatainable.
Just a couple of points about the energy crisis, which really should be secondary compared to the future ecology crisis. Gentlemen, believe it or not its probably too late to stop a global climate change in the next 50-100 years. I will try to find a comparative picture of the Arctic ice cap in 1975 and the most current picture from 2004.
Here are a few misconceptions about the current energy crisis.
-The A-rabs are being jerks and they aren't producing as much crude oil as before, or they are just selling it to us expensive.
--No, Suadi Arabie, Kuwait, etc. is extracting nearly twice as much crude oil as they were in 1995. The reason gas prices in America are going up is because there is this small little country, China, whose GDP grows by 12-13% over the past 10 years, and they are making the switch from peddle power to horse power. In another 10 years China will use more oil than America, then the middle east will switch focus to the country that buys the most, and our gas prices will be European, and European gas prices will be unbelievable.
Current world curde oil usage:
USA - 60%
Europe - 15%
China - 12%
and all the rest.
-The world is running out of oil, thats why prices are going up.
--Yes and no, in 20-40 years all of the crude oil that technology allows us to excevate will be gone. Currently, the first 30% of crude we can extract no problem, the next 15% is extremely expensive to get out, and the remaining 55% we are unable to retrieve. When the world runs out of gas, more than 50% of the worlds oil will remain unnatainable.
Just a couple of points about the energy crisis, which really should be secondary compared to the future ecology crisis. Gentlemen, believe it or not its probably too late to stop a global climate change in the next 50-100 years. I will try to find a comparative picture of the Arctic ice cap in 1975 and the most current picture from 2004.