Wednesday, July 27, 2022

When Math Knowledge Is Valuable--Realities About Energy Demand

Lack of understanding of relatively simple mathematics causes so much feel-good unicoria that can be and is exploited by people whose agendas may not be ideal.  Here's what you can learn if you understand math:

A week doesn’t pass without a mayor, governor, policymaker or pundit joining the rush to demand, or predict, an energy future that is entirely based on wind/solar and batteries, freed from the “burden” of the hydrocarbons that have fueled societies for centuries. Regardless of one’s opinion about whether, or why, an energy “transformation” is called for, the physics and economics of energy combined with scale realities make it clear that there is no possibility of anything resembling a radically “new energy economy” in the foreseeable future. Bill Gates has said that when it comes to understanding energy realities “we need to bring math to the problem.”

He’s right. So, in my recent Manhattan Institute report, “The New Energy Economy: An Exercise in Magical Thinking,” I did just that.

Herein, then, is a summary of some of the bottom-line realities from the underlying math. (See the full report for explanations, documentation, and citations.)

Read the whole thing. Here are some of the points made:

A 100x growth in the number of electric vehicles to 400 million on the roads by 2040 would displace five percent of global oil demand...

Replacing U.S. hydrocarbon-based electric generation over the next 30 years would require a construction program building out the grid at a rate 14-fold greater than any time in history...

To make enough batteries to store two day's worth of U.S. electricity demand would require 1,000 years of production by the Gigafactory (world’s biggest battery factory)...

It costs less than $0.50 to store a barrel of oil, or its equivalent in natural gas, but it costs $200 to store the equivalent energy of a barrel of oil in batteries...

The common cliché: an energy tech disruption will echo the digital tech disruption. But information-producing machines and energy-producing machines involve profoundly different physics; the cliché is sillier than comparing apples to bowling balls...

No digital-like 10x gains exist for solar tech. Physics limit for solar cells (the Shockley-Queisser limit) is a max conversion of about 33 percent of photons into electrons; commercial cells today are at 26 percent...

No digital-like 10x gains exist for wind tech. Physics limit for wind turbines (the Betz limit) is a max capture of 60 percent of energy in moving air; commercial turbines achieve 45 percent...

No digital-like 10x gains exist for batteries: maximum theoretical energy in a pound of oil is 1,500 percent greater than max theoretical energy in the best pound of battery chemicals...

These address some of the silly, non-scientific claims of the mathematically illiterate.

6 comments:

  1. Anonymous9:11 AM

    Unfortunately very few folks will actually see this analysis or any other like it. The global elites want to take us backwards so that they can be in charge. Information like this will be censored as conspiracy. Given the current leadership in this country I am becoming more and more doubtful that any one with common sense will ever get in a position to rescue us from the lunacy.

    Appreciate you getting the word out. I will pass it to as many folks as I can. This green crap while noble is a canard!

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  2. Anonymous6:11 AM

    Darren, Unfortunately everything you quoted is totally correct. That’s too bad. Wish it were different. There is other math, equally depressing. We have a one time endowment of oil which was somewhere around 3 trillion barrels. We have pumped 1.5 trillion barrels. We pump 35 or so billion barrels a year now. Do that math and you see that we have 45 or so years before it is all gone. Then what?
    Bear In mind that we pumped the best quality and easiest to get first. What is left is of lesser quality, farther out and deeper. We are going to feel the downward slide by 2030. There is no free lunch.
    Richard

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  3. Awww...but math reduces the opportunity for graft and virtue signaling!
    Those are clearly FAR more important than real-world solutions!

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  4. Anonymous, when I was a kid in the 70s, we were to have run out of oil by now. Instead, we have more known reserves now than we did then.

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  5. Anonymous1:13 PM


    In looking at the Rystad & BP Statistical data for these two periods:
    2010-2014 Global Oil Investment = $3.6 trillion
    2010-2014 Global Oil Discoveries = 51 billion barrels
    2010-2014 Global Oil Demand = 140 billion barrels
    2010-2014 Demand vs Discoveries = 2.7 to 1 (barrels)
    2015-2021 Global Oil Investment = $3.4 trillion
    2015-2021 Global Oil Discoveries = 38 billion barrels
    2015-2021 Global Oil Demand = 207 billion barrels.
    2015-2021 Demand vs Discoveries = 5.4 to 1 (barrels)
    The takeaway from this data set shows that even with significant global oil investment, we aren’t finding that much oil.
    The USA is still number one in the world for oil production.
    Richard

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  6. We have plenty of known oil we aren't allowed to get to, specifically off the coast of California and the northern slope of Alaska. Ugh.

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