From the Science and Public Policy Institute comes this piece explaining the needs of India’s accelerating economy. There is a huge demand for fossil fuels now and increasing in the future. China is vying for the same resources and they are being very aggressive. What it amounts to is there is not enough energy for all the future needs of the world. Add to this the predicted Solar changes leading to a cold period and not only are we going to need fuel for normal growth, we will need to stay warm. The demand will be far greater than anyone is expecting or preparing. Further, US President Obama has said he expects to put the coal business out of business. About 1/2 of the world’s energy is currently being supplied by coal. Are we to believe that, solar cells and wind mills are going to fill the gap? Is there a Great Pumpkin?
Next time one of you runs into Obama, you should ask him how this is going to work out. He has already told us electrical utility rates will skyrocket. That is a fact. What he is referring to is that there will be less energy available so the cost will increase to reduce demand in addition to being more expensive . That means we have to use less because it won’t be there. Who will get the available power?
Let me give you all a little lesson on electric power. We have all experienced situations in the summer when there were too many people using too much air conditioning. We have brown outs. That is when there is not enough power to supply all that is required for the demand. Now move forward to when the coal industry is no more and no new nukes. Then add in extra demand for heating or cooling due to a colder or warmer climate. At some point, we won’t have brownouts. We will have blackouts! Once the demand exceeds the supply, nobody will have any power. It won’t matter how much money you have. The only save for individuals will be your own resources. You better start preparing now before it is too late.