Discuss Jeff Rubin's 'Why Your World Is About to Get a Whole Lot Smaller'
Globalization will soon be over, and it's the rising price of oil that will fuel this change. So, at least, argues Jeff Rubin, former chief economist at CIBC World Markets, the investment banking arm of the Canadian Imperial Bank of Commerce, in his new book, Why Your World Is About to Get a Whole Lot Smaller: Oil and the End of Globalization. Rubin recently spoke with U.S. News about the future of the world's energy habits and the implications for the global economy. Weigh in on the discussion below, and don't forget to check out the interview in the latest U.S. News Digital Weekly.
Reader Comments
ONLY "NATURAL GAS" !!!
Mr. Rubin, with all due respect you have conspicuously the many positive aspects and advantages of NATURAL GAS.
NATURAL GAS is the only realistic workable alternative to oil. It's cheaper, cleaner and U.S. domestic.
MAC Trucks, AT&Ts' Fleet, Government Vehicles, City Vehicles, Government Buildings, the U.S. Military and many other entities are going with NATURAL GAS.
Your book is somewhat OBSOLETE and FLAWED because you have completely ignored the importance of NATURAL GAS as the WORLD's PREMIER ENERGY SOURCE, especially here in the U.S.A.
Ultra-low-cost solar + coal = oil at $8.57 per barrel
Check out my website http://www.mokenergy.com
$0.07 per peak watt solar panels operating in regions that receive 1,500 hours of sunlight per year or more, produce hydrogen from water at a cost of $100 per ton. Shipped to US 1,036 coal fired power plants, 180 million tons of hydrogen replace the 1.14 billion tons of coal we now consume. Combining another 120 million tons of hydrogen with the stranded coal produces another 7.2 billion barrels of synfuel using the Bergius process - with Bergius reactors built near the coal handling yards of the converted power plants - at a cost of $8.57 per barrel - eliminating the 6.8 billion barrels of crude oil we now import. This halves our carbon footprint by eliminating coal consumption at the power plants. It also puts in place a national hydrogen infrastructure. To maintain a constant supply of hydrogen requires a 100 day storage capacity. This is achieved by pumping hydrogen into old gas and oil wells. This mobilizes stationary reserves, which is separated from the hydrogen retrieved from the wells and sold - increasing output another 0.5 billion barrels per year to 7.8 billion barrels. Displacing natural gas and residual oil consumption at power plants with hydrogen costing $100 per ton reduces electricity costs, eliminates CO2 emissions and provides additional carbon feedstocks. Methane is converted to liquid fuels via the M-gas process. Residual oil is improved and turned into liquid fuels via the Shell-hyro-cracking process. This for less than $15 per barrel. Further reducing CO2 emissions. In all, the USA, in this way, is capable of producing 8 billion barrels of liquid fuels, and exporting 1 billion barrels - each year - while reducing energy costs. With a massive hydrogen infrastructure, the US is well positioned to export liquid hydrogen on a massive scale, and grow its energy use by burning hydrogen (which burns under the same conditions as fossil fuels and so can be used in the same engines with very little change s fossil fuels) In the end, the 5.5 billion tons of coal, 28 billion barrels of crude oil, and 1.1 billion tons of natural gas is replaced with 3.3 billion tons of hydrogen gas, produced in the USA on 210,000 square miles of desert lands, using 30 billion tons of desalinated seawater - delivered anywhere in the world for $240 per ton.
Why Your World is about to Get a Whole Lot Smaller
Those of us in communities planning for the transition encourage everyone to get to know their neighbors well, share strategies, grow are much food sustainably as you can and encourage your farmers to do so as well. Those of use living in the southern Willamette valley in Oregon contend with the fact that although we have vast acres of farm land, most of it is used to grow grass seed. We are looking for incentives to encourage those farmers to grow more food such as modifying the tax structure. You may want to look where your own food comes from with your neighbors and see what needs and can be done to encourage more local food production. Our county only produces about 5% of what we eat here. That is going to really hurt as the oil prices rise. Unless we change it. Good luck to us all.
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