Regretting the past and fantasizing about the future does not change the urgency to stop wasteful use.
If you count on "finding more oil", with all its environmental-climate-changing damage, ask yourself what future value does that have. If you count on the "magic of science" coming to the rescue, you are gambling many lives to the limit. Science still does not have the support necessary to make renewables an accessible choice.
Even if I could count on both, I wouldn´t trust the current USgov and energy multinationals, even if they were in another planet.
PEAK OIL calls for individual ACTION NOW and we know what to cut. Write to your monsters; I´m working on mine. And if you know of good investments in renewables, let me know and I´ll see if they pass my tests. Our knowledge has surpassed our wisdom. -Charu Saxena.
We will see 1) in the longer term, some of the emerging technologies will eventually be successful, 2) in the short/medium term,existing energy sources being exploited more aggressively--note plans for new nuclear plants, continuing efforts with hybrid, electric and "cleaner diesel" just as examples, 3) in the short term, more drilling for oil, note new drilling in the gulf, I believe between US and Cuba, financed by Russia, 4)also in the short term, previously unprofitable oil sites opened and producing, plus previous sources such as oil shale seem to be opening now, and 5) rising prices will both lower demand and move demand gradually away from oil,,,,and it would be nice if public policy supported that. And probably a number of other factors i don't have a clue about.
There is no single "silver bullet" here, imho, but we'll get something from each of the above factors.
I don't know energy well enough to really invest in it, but Uranium mining stocks have done very well, such as Cameco and Pinetree Capitol, the former up eight fold in less than five years, and the latter up four fold this year. I made some small investments in these and did well. I'm letting those investments ride for a while, but watching somewhat carefully. But I don't know the energy field well enough to to make any serious investments in it, so I can't really answer you.
Not due to peak oil actually, but due to North American peak gas. Peak oil is not an energy crisis. It is a liquid fuel crisis.
Exelon Nuclear is headquartered in Warrenville, Ill., and is a business unit of Exelon Corporation. It operates the largest nuclear fleet in the nation and the third largest fleet in the world. Exelon's ten stations - with 17 reactors - represent approximately 20 percent of the U.S. nuclear industry's power capacity. Chris Crane is president and chief nuclear officer Exelon Nuclear and senior vice president, Exelon Corporation. Exelon Nuclear's 17 generating units produced a total of 130.2 million net megawatt-hours of electricity in 2005. The fleet also achieved an average capacity factor of 93.5 percent, the fifth year in a row the capacity factor was more than 92 percent.
Exelon Nuclear's 17 generating units produced a total of 130.2 million net megawatt-hours of electricity in 2005. The fleet also achieved an average capacity factor of 93.5 percent, the fifth year in a row the capacity factor was more than 92 percent.
