Tag Archives: cells

Economics Of Hydrogen Fuel Cells

Oil production will now begin to decline terminally. Independent studies indicate that global crude oil production will now decline from 74 million barrels per day to 60 million barrels per day by 2015. During the same time, demand will increase. Peak Oil is now. Assuming that, we’re now looking at speculators starting to turn their eyes later this week to distillate fuels like heating, stove oils and diesel fuel. With the highways out, there will be no food coming from far away, and without the power grid virtually nothing modern works, including home heating, pumping of gasoline and diesel, airports, communications, and automated building systems. Eventually, gasoline stations will close, and state and local highway workers won’t be able to get to work. We are facing the collapse of the highways that depend on diesel and gasoline powered trucks for bridge maintenance, culvert cleaning to avoid road washouts, snow plowing, and roadbed and surface repair.

In addition, such unconventional energy resources are highly sensitive to price because they are so costly to exploit. Chief among them are factors such as an elevated Canadian dollar that is helping to keep the price down, a drop in demand compared to 2007 and elevated inventories as compared to that year. Within a year or two, it is likely that oil prices will skyrocket as supply falls below demand. We do not know whether society as it is currently structured can withstand the very high energy prices in the long term which appear to be necessary to sustain the development of unconventional energy resources. We do not know whether the new unconventional supplies of oil and natural gas will be able to make up for declines in existing fields over time. Research shows that countries that are rich in natural resources are not in apposition of using their assets to enhance their economies.

However, the analysis still shows the presence of toxic and cancerous compounds such as BTEXs (benzene, toluene, ethylbenzene, and xylenes), most importantly benzene. Stores of hydrocarbons, however, are increasingly found miles under the earth or the seabed. Unconventional oil resources such as tar sands are likely to yield smaller percentages because of the difficulties involved in the extraction and refining of these resources. And most alternatives yield electric power, but we need liquid fuels for tractors/combines, 18 wheel trucks, trains, ships, and mining equipment. Greenhouse gases can be measured by anyone, anywhere on the globe with the proper equipment. This allows operations and equipment to be better monitored, processes to be optimized, better controlled, and energy management to be improved. It moves the management of energy supply and distribution away from being merely a technical question into one which invites and necessitates broad public participation. In short, the framework from which this elite governs our current energy system does not even include the possibility of long-term constraints in energy supply. As the uncertainties over energy grow and as abundance wanes, the technical-corporate-financial energy elite will be faced with a citizenry that has become increasingly aware of its predicament.

The Hatrurim license area covers 94 square kilometers in the Dead Sea region, and the initial exploratory drilling was carried out in 1995. The firm Israel Opportunity Energy Resources LP was awarded 25% of the Hatrurim license. Maverick Natural Resources is majority-owned and controlled by funds and accounts managed by EIG Global Energy Partners. 106.5M into a Japanese property fund managed by some other fund managers. The increasing world demand for energy has led to an increase in the exploration and extraction of natural gas, condensate, and oil from unconventional organic-rich shale plays. This ambitious KSEZ project is majority-owned by a consortium led by China’s CITIC, with the Myanmar government holding a minority stake. A newly formed Scottish venture between Mitsubishi and Scottish and Southern Energy (SSE) has led to the signing of an agreement to explore the range of offshore wind farms technology, along with carbon abatement and sequestration technology. And, those measurements depend on nongeologic factors such as future prices and technology, both of which can only be guessed at. OPEC cuts could exacerbate the gap between supply and demand and drive prices even higher. China also likes to buy crude when prices are low to stockpile its security inventories, a “rainy day” supply that could currently cover about 80 days of imports.