For anyone who has any interest in energy
its cost
future and the political debate over this precious resource- The Bottomless Well is a must read. This book is an intriguing insight to the other side of what most of us have been led to believe on the environmentalist monopoly of the subject. The Bottomless Well makes the case that most of the things we think we know are mostly myths- because we really don't understand what the essence of energy is in the first place. The book demonstrates how a better understanding of energy will radically change our views and policies on a number of very controversial issues. The Bottomless Well also explains why demand for energy will only continue to increase
why most of what we believe is "energy waste" actually proves out to be a benefit for all; why more efficient vehicles
engines
and light bulbs will never lower demand
and why the earth’s energy supply is actually infinite.
The Bottomless Well goes on to point out that that the cost of energy has increasingly less and less to do with the actual cost of fuel. With roughly five percent of the world’s population
America consumes over 25 percent of the world's natural gas
43
percent of its motor gasoline
25
percent of its crude petroleum
23
percent of its coal
and 26 percent of its total electricity production. But the book points out that most our energy consumption isn't for locomotion
lighting
or cooling. What we use energy for
mainly
is to extract
refine
process
and purify energy into ever higher states of efficiency. The more efficient our technology
the more energy we actually consume; not save
because the cost to reward ratio is so positive for the consumers of this highly refined energy. The book also point out that the competitive advantage in manufacturing will soon be shifting decisively back toward the U.S.: the human demand for energy will only continue to grow and is indeed insatiable; raw fuels sources are not running out; and America's relentless pursuit of high-grade energy does not add chaos to the global environment but rather restores it to order. Indeed
expanding energy supplies mean higher productivity
more jobs
and a growing GDP. Across the board- energy isn't the problem
energy is the solution.
While the conventional wisdom holds that energy consumption is the problem and certainly some would disagree from an environmental impact concerning (at lest fossil fuel) energy consumption
The Bottomless Well argues that from an environmental perspective it also makes sense to use energy in an ever more efficient state. For example America
unlike most of the poor developing countries
is a net carbon sink. That is
despite all the pollution produced in America
there is more CO2 PPM upwind of America on the Pacific side then there is downstream of it over the Atlantic. This fact is undisputed
but although the book does offer some anecdotal reasons why this might be the case there is no definitive evidence to explain this unexpected phenomenon.
I would strongly recommend The Bottomless Well to anyone
no matter where they might stand on the issues of energy
the environment or politics. The book breaks the mold on many of our conventional views of energy
how we use it and why. At very least The Bottomless Well opens the door to another school of thought
not to mention a healthy debate about energy policy and our future.
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