SENIORS CLIMATE ACTION NETWORK (SCAN)
Energy Blindness
Nate Hagen - Energy Blindness | YouTube (24 min 12sec)
Notes & Links from The Great Simplification website (link here) are copied below for your convenience
Notes & Links from The Great Simplification website (link here) are copied below for your convenience
View in Landscape
Notes & Links
00:43 - The Great Simplification - Full Movie
01:26 - Everything requires an energy conversion
02:14 - The average American house has 40 things draining energy all the time, and use 12-15% of our
electricity
03:04 - A barrel of oil is worth ~5 years of human labor (Section 4.3)
04:38 - Energy is not accounted for in economics and production estimations
05:25 - We use energy as principal, but treat it like interest
05:37 - We use 100 billion barrel of oil equivalents of fossil hydrocarbons per year, globally
06:19 - We don’t include resource creation or pollution streams in our prices
06:44 - Massive wealth growth due to fossil hydrocarbons
07:04 - Average US citizen consumes 17 barrels of oil/yr, and 57 barrels of oil equivalents + additional
goods we consume adds 17 barrels of oil per person/year
07:18 - The average American uses 3,100 lbs of coal/year
08:17 - Steve Keen
08:49 - We are drawing down energy 10 million times faster than it was created
09:08 - Global conventional oil extraction has plateaued the last 15 years
09:32 - Oil production has appeared to grow due to debt, QE, and shale oil
09:57 - Oil production likely peaked in late 2018
10:25 - Half (65%*) of US crude oil production is light, tight shale oil
10:35 - What is shale oil?
10:56 - If we were to stop drilling right now, production would drop 40% this year, 22% next year, and
17% after that
11:30 - The U.S. produces 11-12 million barrels oil/day, and uses 20 million barrels of oil/day
11:59 - 60-65% of remaining oil is in the 600 mile triangle in Saudi Arabia
12:27 - Oil underpins and predicts economic wealth
13:04 - Geographic distribution of oil
13:27 - The US has used more oil in the last 20 years than any other country ever
13:53 - Rebuildable energy
14:04 - Most renewable energy is electricity, which is only 20% of energy used globally
14:33 - Intermittence
14:47 - Russia reduced natural gas flows to Germany by 25%
16:15 - Fossil energy replaces human labor, which is energetically inefficient, by highly valuable for time
(Graph) + Background analysis
17:37 - Gina McCarthy wants social media companies to crack down on anti-renewable content
19:02 - 40% of a barrel of oil is gasoline, the other 60% creates thousands of other products
20:16 - Ecology blindness
21:05 - Putin’s speech 06/17/22 and implications
22:07 - Japan imports all energy, and is creating monetary overlays to subsidize this
23:12 - Italy imports all energy
23:23 - Natural gas at $240/barrel in Europe
00:43 - The Great Simplification - Full Movie
01:26 - Everything requires an energy conversion
02:14 - The average American house has 40 things draining energy all the time, and use 12-15% of our
electricity
03:04 - A barrel of oil is worth ~5 years of human labor (Section 4.3)
04:38 - Energy is not accounted for in economics and production estimations
05:25 - We use energy as principal, but treat it like interest
05:37 - We use 100 billion barrel of oil equivalents of fossil hydrocarbons per year, globally
06:19 - We don’t include resource creation or pollution streams in our prices
06:44 - Massive wealth growth due to fossil hydrocarbons
07:04 - Average US citizen consumes 17 barrels of oil/yr, and 57 barrels of oil equivalents + additional
goods we consume adds 17 barrels of oil per person/year
07:18 - The average American uses 3,100 lbs of coal/year
08:17 - Steve Keen
08:49 - We are drawing down energy 10 million times faster than it was created
09:08 - Global conventional oil extraction has plateaued the last 15 years
09:32 - Oil production has appeared to grow due to debt, QE, and shale oil
09:57 - Oil production likely peaked in late 2018
10:25 - Half (65%*) of US crude oil production is light, tight shale oil
10:35 - What is shale oil?
10:56 - If we were to stop drilling right now, production would drop 40% this year, 22% next year, and
17% after that
11:30 - The U.S. produces 11-12 million barrels oil/day, and uses 20 million barrels of oil/day
11:59 - 60-65% of remaining oil is in the 600 mile triangle in Saudi Arabia
12:27 - Oil underpins and predicts economic wealth
13:04 - Geographic distribution of oil
13:27 - The US has used more oil in the last 20 years than any other country ever
13:53 - Rebuildable energy
14:04 - Most renewable energy is electricity, which is only 20% of energy used globally
14:33 - Intermittence
14:47 - Russia reduced natural gas flows to Germany by 25%
16:15 - Fossil energy replaces human labor, which is energetically inefficient, by highly valuable for time
(Graph) + Background analysis
17:37 - Gina McCarthy wants social media companies to crack down on anti-renewable content
19:02 - 40% of a barrel of oil is gasoline, the other 60% creates thousands of other products
20:16 - Ecology blindness
21:05 - Putin’s speech 06/17/22 and implications
22:07 - Japan imports all energy, and is creating monetary overlays to subsidize this
23:12 - Italy imports all energy
23:23 - Natural gas at $240/barrel in Europe
