A Quote by Jeremy Grantham
Low-cost, high-grade coal, oil and natural gas - the backbone of the Industrial Revolution - will be a distant memory by 2050. Much higher-cost remnants will still be available, but they will not be able to drive our growth, our population and, most critically, our food supply as before.
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When the President is making it harder to mine coal, to use coal, to take advantage of our gas resources, to make it harder to get our oil resources - all those things combine to make our cost of energy higher than it needs to be, and it drives away enterprises from this country. It sends it to places that have lower-cost energy.
To change our national economic story from one of financial speculation to one of future growth, we need a third industrial revolution: a green revolution. It will transform our economy as surely as the shift from iron to steel, from steam to oil. It will lead us toward a low-carbon future, with cleaner energy and greener growth. With an economy that is built to last - on more sustainable, more stable foundations
For too long, our country's version of an energy policy has consisted of Americans waking up every day and wondering how much it will cost to drive to work, how much it will cost to keep their business running, how much it will cost to heat or cool their homes.
The marginal cost of doing something 'just this once' always seems to be negligible, but the full cost will typically be much higher. Yet unconsciously, we will naturally employ the marginal-cost doctrine in our personal lives.
And having thoughtlessly polluted our streams and rivers, we have seen in recent years a rapidly growing market for bottled drinking water. I am sure that some will say that a rapidly growing market for water is "good for the economy," and most of us are still affluent enough to pay the cost. Nevertheless, it is a considerable cost that we are now paying for drinkable water, which we once had in plentiful supply at little cost or none at all. And the increasing of the cost suggests that the time may come when the cost will be unaffordable.
Embracing a low carbon economy will be as momentous as the previous industrial revolutions. As the shift from coal to oil did. And the shift from gas light to electric light. It has the potential to give us the competitive edge in the new global economy. The scale of the challenge is extraordinary. We will need to reinvent in the way we live our lives, the way our world works
We will achieve North America energy independence by 2020, by taking full advantage of our oil, our gas, our coal, our renewables and our nuclear power. Abundant, inexpensive, domestic energy will not only create energy jobs, it will bring back manufacturing jobs.
Even if we were to sign peace today, the economic conditions in our country would not improve automatically because it will take some time to reach the level of oil production before the war and the oil prices are likely to remain low for some time as the supply of oil in the world is high and demand is low.
Computer chips will cost about a penny. That's the cost of scrap paper. The Internet will be basically for free and it will be inside our contact lens. When we blink, we will go online. When we see somebody that we don't recognize, our contact lens will identify who they are, print out their biography in your contact lens and translate, if they're speaking Chinese, into English with subtitles as they speak.
We've recognized that natural gas would be the fastest-growing of the conventional fuels: oil, natural gas, coal. And so, we see the important role that natural gas will play globally and, more importantly, the important role it will play in the U.S. in terms of meeting future energy demand.
[I predict] the electricity generated by water power is the only thing that is going to keep future generations from freezing. Now we use coal whenever we produce electric power by steam engine, but there will be a time when there'll be no more coal to use. That time is not in the very distant future. ... Oil is too insignificant in its available supply to come into much consideration.
One of the fundamental demonstrations of our natural instinct to Bond with each other is a will to give. Rather than domination, our most basic urge is to reach out to another human being, even at a cost to ourselves. Giving to others-the urge to empathize, to be compassionate, and to help others altruistically-is not the exception to the rule, but our natural state of being. Our impulse to connect with each other has developed an automatic desire to do for others, even at personal cost. Altruism comes naturally to us. It is selfishness that is culturally conditioned and a sign of pathology.
We have become great because of the lavish use of our resources ... But the time has come to inquire seriously what will happen when our forests are gone, when the coal, the iron, the oil and the gas are exhausted.
The greatest natural resource our country has is not oil. It's not gas. It's not coal. It's the genius of our children.
The coal plants that will be built from 2005 to 2030 will release as much carbon dioxide as all of the coal burned since the industrial revolution more than two centuries ago.
If we drive cost down, we will be able to live with low freight rates.
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