¶ … program of study continues personal research and professional practice in the field of energy in general and alternative energy resources in particular. This study will serve to provide benchmarks concerning current energy usage patterns across the country to identify opportunity to introduce alternative energy resources such as hydrogen, geothermal, wind turbine farms, increased hydroelectric applications, biomass facilities, as well as solar and tidal energy resources.
Although predictions of peak oil vary, all signs currently indicate that the United States will be running out of cheap sources of fossil fuels in the foreseeable future and alternative energy resources must be brought online before that point is reached in order to satisfy the growing demand and avoid disruption of the nation's economy.
Purpose of the Study
The overarching purposes of the proposed study are to:
Provide evidence in support of the deployment of alternative energy resources in urban and rural settings;
Formulate timely guidelines for the public and private sectors for collaborating in joint ventures to deploy alternative energy resources.
Review of the Literature
One of the harsh realities of living in the 21st century is the prospect of running out of the fossil fuel energy sources that the entire world has come to depend on for its very existence. In this regard, Love and Garwood advise that, "The one-time gift of cheap fossil energy has fueled the wonders of our modern world: getting humans to the moon, transforming night into day and enabling historically unprecedented mobility" (294). Although innovations in extraction...
In this regard, Deffeyes reports that, "After the peak, the world's production of crude oil will fall, never to rise again. The world will not run out of energy, but developing alternative energy sources on a large scale will take at least 10 years" (1).
As noted above, industry experts remain divided concerning when the actual point at which peak oil will be reached, but some analysts believe that time is running out that peak oil may have already been reached. As Deffeyes points out, "The slowdown in oil production may already be beginning; the current price fluctuations for crude oil and natural gas may be the preamble to a major crisis" (1). Likewise, other authorities maintain that although there remains a lack of consensus among industry analysts concerning when peak oil will be reached, the world's supplies of fossil fuels are finite and therefore peak oil is a reality that must be taken into account today to prevent worldwide catastrophe in the near future. For instance, Santa-Barbara reports that, "The world is beginning to wake up to the fact that peak oil is real. Various financial institutions, as well as oil companies, independent geologists, the U.S. Army Corps of Engineers and a range of corporations eager to cash in on alternative energy sources have stressed its importance" (24).
In response, there has been increasing attention paid to potential replacements for fossil fuels in the form of alternative energy technologies including most especially solar and wind power (Love and Garwood 250). Different alternative energy resources, though, produce significantly different quantities and qualities of energy at sometimes vastly different costs (Love and Garwood 250). Moreover, an important point made by Deffeyes is that while there are abundant alternative energy resources available for exploitation to replace existing fossil fuel sources, virtually the entire world is dependent on fossil fuels to the extent that changing the infrastructure to support alternative energy resources represents an enormous undertaking that will inevitably require significant amounts of time. In this regard, Deffeyes emphasizes that, "There are plenty of energy sources other than fossil fuels. Running out of energy in the long run…
Peak Oil The idea of peak oil has been the subject of much debate in the recent years because of the human population's increasing demands on energy. The term "peak oil" refers to the point at which global petroleum extraction has reached its maximum. Following this moment, petroleum will quickly run out and there will be none left. Within an individual oil dig, there is a period where oil can be
This was good for those that felt OPEC was getting too strong because these changes would have been very difficult to make had the embargo and the oil prices not become such an issue (Reid, 2004). Many countries begin to look for alternatives to the supplies that they were getting from Arab nations and in the years immediately following the embargo many efforts would be directed at the promotion of
Much oil is also used for heating, especially during winter. Therefore, new commitments toward researching, developing, and making available, on a large scale, alternative sources of heating must be made, and this time kept, as well. Conclusion To try seriously, however, to identify and describe one core "solution" to oil dependency; that is both untested and would nevertheless work, in this author's opinion, is (and especially given even the current extent
U.S. domestic oil production peaked 1970. Also global production, argued oil fell a high point 2005 74 million barrels/day, rebounded, 2011 figures show slightly higher levels production 2005 (EIA 2011). 'Peak oil:' When will we reach it? Does it matter? The decline of total global supplies of available crude oil is an extremely controversial topic amongst environmental policy makers (Monbiot 2012). While U.S. domestic oil production peaked in 1970, there were
Statistics of Oil Peak In the present times, the depletion of oil all over the world has become a major topic of concern all over, and this subject is indeed an extremely important one because of the fact that a world without oil is a frightening prospect and will hurt mankind and the very lifestyle of human beings everywhere. Since it is well-known that everywhere it is conventional oil that is
Economic Advisor to the Prime Minister of Oman With the upcoming election, it is important for you to understand the economic conditions in which Oman is currently situated. Oman is a country whose main export is petroleum. Like the other oil rich countries in the Middle East, it is highly dependent upon oil for its economy. The recent plunge (2013 to present) in oil prices since reaching a peak of