By Michael Levi
The U.S. is within the throes of 2 unfolding power revolutions, and partisans--convinced that in simple terms their aspect holds the major to American prosperity, defense, and safety--are scuffling with over which one should still succeed. In The strength Surge, Michael Levi takes readers within those revolutions. He indicates how oil and gasoline construction, after many years in decline, are being propelled upward by way of new applied sciences and excessive costs, prompting fanatics to foretell an monetary renaissance and imminent strength independence. at the different part of the struggle, he visits eco-startups and brands making a bet on a brand new power destiny, revealing how extra effective vehicles and vehicles are more and more dominating the line and prices for renewable strength have plummeted, best many to usher in a starkly varied destiny that strikes past fossil fuels and saves the planet.
Armed with on-the-ground classes, and drawing on insights from economics, politics, diplomacy, and weather technological know-how, The strength Surge takes at the large claims made through each side within the struggle over American strength, explaining why the purists are frequently unsuitable. either unfolding revolutions in American strength provide significant possibilities for the rustic to bolster its economic climate, bolster its safeguard, and safeguard the surroundings. Levi exhibits the way to grab people with a brand new technique that blends the easiest of previous and new strength whereas warding off the true risks that every poses.
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Additional resources for The Power Surge: Energy, Opportunity, and the Battle for America's Future
Consumption of oil. ) But even though shale gas development can be done well, it can also be done poorly, not only threatening local communities but also placing promised economic and security gains at risk. S. oil use will require governments to take a more active role. Whether the country will chart a course that protects communities and exploits the potential of abundant natural gas remains to be seen. 3 ENER G Y I ND EPEND EN CE O N T HE HOR I Z ON Oil skeptics like to point out that the United States consumes 20 percent of the world’s oil but owns only 2 percent of its oil reserves.
As of late 2012, more than a dozen companies had applied for permits that would allow them to build terminals to freely export the fuel, and most observers anticipated more. S. 38 So big an export push would indeed turn global markets and politics upside down; it would be equivalent to nearly two-thirds of the world’s LNG trade as of 2011. But exports are unlikely to materialize at that scale. S. prices to stabilize at a higher level than what prevailed in 2011 and 2012. Add to this the cost of liquefying and shipping natural gas—it easily adds five dollars or more to the price of a thousand cubic feet of natural gas by the time it makes its way from the United States to Asia—and the opportunity to profit from exports isn’t as massive as it seems.
For every claim 44 • THE POWER SURGE about natural gas riches, Taylor can cite a danger to communities, the environment, and businesses like his that depend on it. Chuck Sammarone feels the tension quite acutely. The sixty-nineyear-old mayor of Youngstown, Ohio, sporting slicked-back hair and a bold silver tie when we met, won office in 2011, a fortuitous time. Shale-driven business was providing some hope in an area that had been in decline for decades. V&M, a prominent French player in the oil and gas industry, would announce later in the year that it would spend nearly a billion dollars to build a new manufacturing plant in the city to make steel tubes.