Coal fuels about 50 percent of US electricity production and provides a quarter of the country’s total energy. China and India’s ferocious economic growth is based almost entirely on coal-generated electricity. Coal currently looks like a solution to many of our fast-growing energy problems. However, while coal advocates are urging full steam ahead, increasing reliance on the dirtiest of all fossil fuels has crucial implications for the global climate, energy policy, the world economy, and geopolitics.
Coal advocates argue that America has 250 years’ worth of coal. They say that although it’s disastrous stuff, coal is cheap and abundant, and so we should find a way to capture the carbon dioxide released from power plants. But what if the basic premise of that argument is wrong? What if coal isn’t as abundant as everyone thinks, and will be getting more expensive, and scarce, very soon? That’s the conclusion of a series of groundbreaking reports discussed in Blackout: Coal, Climate, and the Last Energy Crisis.
The book includes information from the National Academy of Science and the U.S. Geological Survey. Blackout goes to the heart of the tough energy questions that will dominate every sphere of public policy throughout the first half of this century, and is a must-read for planners, educators, and anyone concerned about energy consumption, peak oil and climate change.
In A Thousand Barrels a Second, Chief Energy Economist of ARC Financial Peter Tertzakian examines the future of oil and offers insights into what it will take to rebalance our energy needs and seize new opportunities. He answers the top questions asked by business leaders, policy makers, investors, and concerned citizens as we approach the coming break point:
- Are today’s high oil and gas prices part of a routine business cycle, or are there more profound forces at play?
- Are hybrid vehicles our only solution against high gasoline prices?
- Is China’s growing thirst for energy sustainable?
- Which government policies work and which do not?
- Will nuclear power and coal save the day-again?
Tertzakian also offers a realistic, informed look into the future of our energy supply chains and how our consumption patterns may evolve, revealing how governments, businesses, and even individuals can meet the coming challenges with better solutions and innovations.