We still rely on air and water too, so I guess there's just no hope for us.I truly cannot believe that a species such as ours STILL rely on fossil fuels after all this time, I'm truly embarrassed for the human race.![]()
The dependence of oil is not just out of convenience but is deeply rooted in as the driving force of the US economy in more than just an energy source.
Since transaction currency of oil was set exclusively in US dollar and the market price was rigged to match Mexican gulf oil prices that consists only 0.2% of the total global transaction amount, the federal banks and US oil companies were able to ensure that all transaction will be carried out where the US wills act as the middleman to gain commission.
This is why after the adoption of the floating exchange rate system by Nixon, most administrations did not dare touch the energy policy since it would also spell the demise of the US economy.
This convenient leeching relationship had been challenged by Iraq in the end of the 90's and recently by Iran. This is one of the prominent reason why they are/were targeted by the US. This also one of the reasons why the French did not side with the US in the second Gulf war since they were negotiating with Iraq to include the Euro as an alternative transaction currency. This is one of the untold intentions of "food for oil" incident scandalized by the media.
Now that the US had lost it's grip on oil with Russia ranked as the second largest oil reserves announcing their plans to develop an oil future index of their own inviting the Euro as transaction currency, US needed to find an alternative resource that can be controlled by the US to maintain it's present economic prosperity, that is the agenda of Bush's Corn as Bio-fuel proclamation aiming at since the US controls the grain future index being the largest grain export nation.
At the end it all boils down to money, nothing more nothing less.
The dependence of oil is not just out of convenience but is deeply rooted in as the driving force of the US economy in more than just an energy source.....
Quite an illuminating post, thanks.
One of my favorite ideas is the Power Tower:
http://www.siliconchip.com.au/cms/A_30546/article.html
This is quite fascinating. It would seem that these algae could be grown in areas with normal amounts of sunlight as opposed to the power tower which requires a hotter zone. Which could solve a lot of geographical limitations in developing countries with huge energy demands like China. So what's the catch? Mutant strains that eat people?
366 Technologies claims that it improves the efficiency--a measure of the electricity generated from a given amount of light--of multicrystalline silicon solar cells by 27 percent compared with conventional ones. The company's efficiency and cost claims are based on results from small solar cells (about two centimeters across) made in the lab of Emanuel Sachs, a professor of mechanical engineering at MIT, who is one of the company's founders. 1366 Technologies is building a pilot-scale manufacturing plant that will make full-sized solar cells (about 15 centimeters across). Within a year, the company will decide whether its pilot-plant results justify building a factory for commercial production, Sachs says.
I think there is some plan to utilise all the hot air blowing around on discussion forums to power the Internet, I don't have a source for it though...
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I think most oil is used in transportation though, so if we stopped burning up oil in our engines our reserves would last a lot longer.Let's not forgeot that oil isn't just used as fuel...it's used to make plastics...and we use so much plastic that it's going to be "fun" to replace.
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