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Testimony House Alternative Energy Committee Rep Ted Celeste Chairman

Testimony House Alternative Energy Committee Rep Ted Celeste Chairman

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Published by William Mook
This is Testimony I gave to the Ohio Alternative Energy Committee on October 27, 2009. I describe ultra-low-cost solar energy and its impact on Ohio's Economy
This is Testimony I gave to the Ohio Alternative Energy Committee on October 27, 2009. I describe ultra-low-cost solar energy and its impact on Ohio's Economy

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Published by: William Mook on Oct 28, 2009
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06/17/2010

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PUBLIC TESTIMONYHOUSE ALTERNATIVE ENERGY COMMITTEEREP. Ted Celeste – CHAIRMAN
 
Date: Wednesday, October 27, 2009Time: 2:30 pm
 
Gallery 2 COSIPANEL DISCUSSIONDoug Alsdorf, OSU Institute for Energy and the Environment ByWilliam Mook, CEOThe Mök Companies
Human industry uses energy at a rate of 17 trillion watts today. That power level doubles every 17 years as peoplethroughout the world grow richer. Today this power is generated primarily by burning of the following fossil fuels;30.0 billion barrels of crude oil5.7 billion tons of coal2.7 billion tons of natural gasBurning these fuels produce 40 billion tons of carbon-dioxide each year, These fuels also cost humanity $4 trillion per year. Supplies of these fuels are limited. The ongoing industrial growth in Asia, principally in China and Indiaincreases demand for energy every day. Energy prices rise as suppliers struggle to meet rising demand with fixedreserves. Failure of supply adversely impacts the economies dependent on these fuels. Growth will continue since human industry produces $66 trillion each year with that $4 trillion worth of energy products.Increasing demand, increasing prices and shortage of conventional supply create a long term trend favorable toalternative energy development. Any nation, any state, any community, that supports the development of alternativeenergy and helps reduce its costs relative to other communities, will reap the rewards of this long-term growth trend,even if higher fuel prices mean slow downs in more traditional economic sectors.We should take a moment to consider the size of today’s energy infrastructure, relate it to the size of today’salternative energy structure and consider what it would really take to displace these primary fuels in the time framegiven us by the fixed reserves of crude oil, coal, natural gas and fresh air we have left on this planet.Any reasonable analysis must conclude we are not doing enough. But what should we be doing?The very first thing that strikes us is the disparity between the cost of energy today and the cost of alternative energyforms. When we burn any of the primary fuels at market rates we get heat energy. That heat energy may beconverted to other forms, but the cost of the heat is a good measure. Here are some recent prices1 ton coal $26.49 23.0 giga-joules $ 1.15 per giga-joule1 mcf natural gas $3.80 1.1 giga-joules $ 3.46 per giga-joule1 barrel crude oil $85.00 6.1 giga-joules $13.94 per giga-jouleElectricity, which some would say is a higher ‘quality’ source of energy due to its flexibility;1 mega-watt-hour conventional $100.00 3.6 giga-joules $ 27.77 per giga-joule1 mega-watt-hour alternative $400.00 3.6 giga-joules $138.89 per giga-jouleWe can see the market pays a premium for energy forms. Electricity is more valued than liquid fuels. Liquid fuelsare more valued than gaseous fuels and gaseous fuels are more valued than solid fuels. It is well known that this
TESTIMONY HOUSE ALTERNATIVE ENERGY COMMITTEEOctober 27, 2009 William Mook, CEO - The Mök Companies 1 of 2

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