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The AAPG/Datapages Combined Publications Database

Houston Geological Society Bulletin

Abstract


Houston Geological Society Bulletin, Volume 51, No. 06, February 2009. Page 20 - 20.

Abstract: Previous HitEnergyNext Hit Sound Bites and Counterbites

Scott W. Tinker
Director of the Bureau of Economic Geology

The United States has, arguably, become a sound-bite society — influenced by YouTube, text messages, and political debates. Some issues may lend themselves to a sound-bite level of understanding. Previous HitEnergyNext Hit, unfortunately, is not one of them.

Sound bite: We cannot drill our way out of an Previous HitenergyNext Hit crisis. This is probably true, but it unfortunately conveys a message that we should not be drilling offshore at all, which is both naïve and economically dangerous. Counterbite: We can “not-drill” our way into an Previous HitenergyNext Hit crisis!

Sound bite: The United States should be Previous HitenergyNext Hit independent. This is a romantic notion, but it unfortunately conveys the idea that it is actually possible to become Previous HitenergyNext Hit independent. In real i t y, such independence wi l l be unachievable for several decades. The idea of Previous HitenergyNext Hit independence distracts us from the more important goal of Previous HitenergyNext Hit security, which has a very different set of strategic objectives. These objectives include efficiency, diversification, improved global Previous HitenergyNext Hit trade and investment, dialog between developing and developed nations, and balanced manpower and education. Counterbite: Build Previous HitenergyNext Hit bridges, not walls, for Previous HitenergyNext Hit security.

Sound Bite: Renewable Previous HitenergyNext Hit will end dependence on foreign oil. Most forms of “renewable” Previous HitenergyNext Hit are used to generate electricity, which may eventually replace some component of liquid fuel demand, but not until the auto fleet is replaced and the power grid is revamped many years in the future. Counterbite: Fossil fuels are the bridge to an alternate Previous HitenergyNext Hit future.

Sound bite: Big Oil is evil. The truth is that only six companies that exist in the world today qualify as Big Oil, three of which are U.S.- based companies, and they are not in the best financial condition. Big Oil today is, instead, largely embodied by national oil companies. Counterbite: Preserve Big Oil for global Previous HitenergyNext Hit security.

Sound bite: Americans are addicted to oil. America and all developed nations are addicted to Previous HitenergyNext Hit. Oil represents only about 37% of total Previous HitenergyNext Hit consumption and is the only major Previous HitenergyNext Hit source in decline in percentage terms. Counterbite: Healthy economies rely on Previous HitenergyNext Hit.

Sound bite: Fossil fuels hurt the environment. Fossil fuels are a product of the natural environment. Combustion of fossil fuels produces wastes that need to be minimized. At the same time, fossil fuels account for 87% of Previous HitenergyNext Hit supply and underpin modern economies. Healthy economies allow for significant investment in environmental stewardship. Counterbite: Fossil fuels are the path to a Previous HitcleanNext Hit future!

Sound bite: Federal Previous HitenergyNext Hit policy will create millions of new jobs. A policy-forced, accelerated Previous HitenergyNext Hit transition, however noble in purpose, is unwise. Governments can help set the stage for markets to respond. Counterbite: Governments don’t pick winners — markets do.

These “counterbites” are controversial in today’s world but necessary for public understanding. I will close with a sound bite of my own: There are no Previous HitenergyTop silver bullets, just golden ideas!

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