Friday, December 9, 2011

Fossil fuels Will Dominate for Decades Says Exxon Mobil.

  • The only natural energy source that generates electricity efficiently is hydroelectric.
  • In northern California EPA is closing down four dams. I believe it is for some fish.
  • EPA has to be defanged in January of 2013.
  • So far, private investments in solar and wind power are non existent.
  • Subsidized solar and wind power has failed.
  • An added benefit and so far no substitution, is the thousands of by products of fossil fuel.
Read an excerpt from the report.
Developing economies in Latin America, China, India and Africa will drive most of the boom in global demand, said Bill Colton, Exxon Mobil vice president of corporate strategic planning. More energy will be needed to power their growing commercial and industrial sectors and their citizens' improved standards of living.
Electricity remains the largest draw on energy, and rapid improvements in the energy efficiency of buildings and appliances won't be enough to curb demand, Colton said at a news conference Thursday morning.
"As the world population expands and living standards improve, the world will need more energy, even as we learn to use energy more efficiently," Colton said.
Can you imagine such densely populated countries applying the solar or wind power methods for their electricity needs? 
 
Read more today from Houston Chronicle by Simon Sebastian.
 

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