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Energy: Supply and demand. Dr. Ron Lembke. Hot, Flat, and Crowded. Hot: Climate Change Flat: Technology and Bandwidth Crowded: More people, who want to live like us. The demand for energy. International Energy Outlook, 2011, US Energy Information Admistration , eia.gov.
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Energy: Supply and demand Dr. Ron Lembke
Hot, Flat, and Crowded • Hot: Climate Change • Flat: Technology and Bandwidth • Crowded: More people, who want to live like us
International Energy Outlook, 2011, US Energy Information Admistration, eia.gov
EIA Demand Scenarios http://www.eia.gov/conf_pdfs/Monday/Sweetnam_eia.pdf
Hubbert’s Peak • M. King Hubbert, “Nuclear Energy and the Fossil Fuels” (Drilling and Production Practices, American Petroleum Institute, Washington, DC, 1956),
Different Scenarios http://www.eia.gov/tools/faqs/faq.cfm?id=38&t=6
Gas Prices 1990-2012 Data: http://www.eia.gov/dnav/pet/pet_pri_gnd_dcus_nus_w.htm
The Price of Fuel http://www.eia.gov/petroleum/gasdiesel/
EIA Predicted Price of Crude Oil, 2011 Death Valley, April 2012
NV Electricity Prices Elect. Price Data: EIA, 20y Rsq=0.91, 10y Rsq=0.94
US Coal Reserves http://www.eia.gov/energyexplained/index.cfm?page=coal_reserves
http://www.eia.gov/energyexplained/index.cfm?page=coal_reserveshttp://www.eia.gov/energyexplained/index.cfm?page=coal_reserves
Pinion Pine Power Plant • DOE Clean Coal • Air-blown Integrated Gasification Combined Cycle • $335.9m, half DOE, half SPP • New gasification method • New desulfurization method
Carbon Capture & Sequestration • Porous rock formations • Small scale tests • Expensive – lose 30% of electricity gained • So make more electricity – It’s CARBON FREE! • There are other pollutants • What if it gets out? • Natural gas stays safely underground
Summary • Demand for energy is going to increase significantly • Growing populations • Rising standards of living • Supply of energy not increasing as fast • Global oil supplies are finite • Peak oil is likely coming in next 40 years • Alternative energy sources