By 2020, electricity will emerge as the new cross cutting fuel in both stationary and mobile applications. 1. The cost of energy as we use it has less and less to do with the cost and more to do with the hardware to refine and process the fuel. 2. Waste is virtuous where low quality energy is being converted into high quality energy. High quality energy for a laser costs 1000 times the cost of a 100-watt bulb, however, a laser may be used to restore sight. Why select oil over wood? Oil provides more energy in less space. 3. The more efficient our technology, the more energy we consume. Innovation in transportation transforms the automobile in terms of space, weight, and energy. Electric drive trains have been successfully used in excavation trucks, locomotives, and hybrid electric cars. The electric drive train will supersede the steel shaft, belts, pulleys, and hydraulic system. Automobile weight will reduce. Most of the weight of a car is in the engine and power transmission. It takes 1 ton of machine to move 1 human. Silicon controller activators will turn the car into a giant electric application, hence the silicon car. Oil will become less valued in the future and nuclear energy more important. Electricity is the preferred high quality energy. 4. The competitive advantage in manufacturing is now swinging decisively back towards the United States. Countries with the most energy will win economically. 5. Human demand for energy is insatiable. 6. The raw fuels are not running out. The faster we extract and burn them, the faster we find still more. Oil reserves were predicted to run out in 1980. For example, computerized robots probes can now maneuvered chasms unreachable in the past and tapped increasing amounts of oil. A larger share of energy consumption comes from electricity, from heat to energy. 60% of the total energy consumption came from coal, uranium, gas, and hydroelectric. 55% of electric power plants are fueled by coal. Coal and nuclear represent 2/3 of the energy production. Electricity trends lower in price over time. Energy isn't scarce. The U.S consumed 100 Quads of energy, 100 quadrillion BTUs for electricity, transportation, and heat. 85% of energy growth is met by electricity. So, if energy is so abundant, why does it cost so much at the gas pump? It has nothing to do with abundance of raw materials. It has everything to do with taxes and regulations that drive cost. How much did electricity cost? $400 billion combine for the purchase of raw materials and expensive hardware. Electricity is important. 60% of corporate capital improvements went for Information Technology Projects. Electric companies sold $230 billion in retail electricity. High quality energy powered new hardware: sound, microwaves, laser light, x-rays, magnetic pulse, ultra sound, MRI, new PC power supplies, and high speed wireless, to speak of a few. 7. America's relentless pursuit of high-grade energy does not add chaos to the global environment. [Learn More ...]

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