Will self-reliance finally put a nail in the coffin of "Energy?Feudalism"?

Will self-reliance finally put a nail in the coffin of "Energy?Feudalism"?

If you had to jump off a sinking ship to a lifeboat and you could only take 80 pounds worth of equipment, would you rather take:

1)?????1 power generator, 2 gallons of gasoline, 1 rifle, 2 magazines of ammunition

2)?????1 solar panel, 1 battery, 1 fishing rod, 1 net

Call me foolish, but knowing I might be left on my own, on a desert island, I would rather go with option number two and be self-reliant for the next 35 years, rather than pray every day to be rescued (and charged for supplies)

For 16 years now I have been in the business of harvesting and selling “pervasive energy”. This is what I call anything that can be locally sourced for free. Whether it’s wind, cardboard, photons, or banana peels. Heck, I would use oil if it was free, didn’t need tons of work and capital to make it available, and wouldn’t kill our children in the process. In all these years I have had to clash with lots of dear friends, who were, and still are, actively carrying the water of well-oiled (pun intended) PR machines for big oil. It has been baffling to watch them squeeze into the most untenable positions: supporting, both financially and emotionally a cumbersome and titanic industry that is today the most invasive and costly infrastructure ever built in human history. But the time has come for all of us – energy industry experts and laymen alike – to make the rational and emotional transition to the future of energy, to let go of these old tropes, and to fully embrace the opportunities ahead of us.

Let’s start by recognizing (and yes, celebrating) the role fossil fuels have played in our past. Everything we have today, including the ability to feed the entire planet and double our life expectancy, is thanks to the essential and remarkable contribution of fossil fuel: coal first, and oil and its derivatives later. Because of it, we were able to build and accelerate discoveries that augmented our abilities exponentially and take humanity out of extreme poverty (from 96.00% of the world population in 1750 to 9.2% in 2020). At the beginning of the 1800s, from a technology and financial standpoint, it made complete sense to feed the modern steam engine with coal rather than wood: it was cheaper to produce, easier to distribute, and had an energy density that was 4 times as much as wood/charcoal. For a little over a century, coal was the undisputed king of the industrial revolution. We had to wait till the dawn of the 20th Century, blessed with new technologies and needs, to see oil creep in and steal the coal’s stage. The “new fuel” brought almost twice the energy density and, (hear hear) lower pollution due to substantially less “fly ash” (particulates) thus representing the new source of cheaper, cleaner energy. Just like those resisting a clean energy transition today, coal didn’t cede the way to oil without a fight. In fact, it was mostly because of environmental concerns (even at that time) that legislators, under tremendous pressure from a broad population led by Suffragettes and concerned mothers, ended up regulating the industry and imposing lower emission standards.

In an effort to demystify the propaganda against renewable energy – promoted by the oil and adjacent industries, and embraced by armchair energy experts (e.g., some of your friends and mine) - here are my 5 key suggestions:

1)?????Breathe, sit back, and leave the transformation to us. All the players in this industry have the money, the technology, and the momentum necessary to transition to more abundant, cheaper energy in a completely seamless way. The temporary unbearable spike on your utility bills is not due to the transition to renewables, but to our well-established reliance on erratic dictators, intergovernmental entities (e.g. OPEC), and monopolistic companies that control the dial of hydrocarbon outputs.

2)?????Recognize that the era of centralized production and sprawling distribution is officially over. Distributed energy production and storage is the only financially viable solution – and frankly, it’s a great one. The national grid is crumbling, and we don’t have the money or the need to rebuild it to allow for sufficient management of utility-scale power generation. Renewable energy included. There was a moment when we decided and were forced into accepting, that it was smarter to stop laying telephone cables and start relying on the “pervasive” signal transmission capability that was possible because of free electromagnetic wave propagation. We stopped building phone booths, and we started installing cell towers. We haven’t stopped since and, I would say, our life is better today because we can reach our loved ones whenever, and from wherever we want without sitting by the phone. Almost free.?

3)?????Accept that financial viability of utility-scale nuclear (whether fusion or fission) is a myth. At least the large-scale ones we’re accustomed to. Even the French, who rely almost entirely on nuclear energy (70% of their production), and have no regulatory or cultural barriers against it, are seeing their electrical bills increase year over year. Even if nuclear power generation was the cheapest source of energy, or miraculously it was free, it still would not make sense to produce it centrally and distribute it. This brings us back to distribution – all energy sources face the same growing transmission costs due to old and decaying distribution infrastructure. Same as Hydrogen cure-all.

4)?????Forget your concerns about paying subsidies for renewables (of course oil still gets them by the Billions). The “pervasive clean energy” no longer needs aid to prosper. Recent bipartisan legislation signed by President Biden will only accelerate its adoption and the benefits it will provide for all of us. This new program is similar to the regulations introduced by Mr. Earl Butz, Nixon’s Secretary of Agriculture in the early 70s, which changed our agricultural subsidy program to stabilize both the food supply and the farmer’s incomes after the Great Depression.

5)?????Acknowledge that your concern over the materials necessary to produce wind turbines, solar panels, and the ultimate culprit, batteries is unjustified because: firstly, the industry uses materials to build practically self-operating equipment that runs for decades and it’s reusable; secondly, we’re already phasing out minerals that can’t be sourced locally and/or that cannot be recycled.

So, if you really care about the energy supply chain, then remember that digging for coal and oil, extracting it, protecting it, refining it, and, mostly, moving it around, requires MASSIVE amounts of energy and consequent emissions. I’m leaving out cleanup costs, healthcare, and the immense US Defense budget which includes our sweet (green of course) presence of The Fifth Fleet to protect the Strait of Hormuz between the Gulf of Oman and the Persian Gulf. On top of that, once burned, it’ll be gone! It’ll be in your air, in your lungs but no more in your bank account.

Therefore, my dear friends, a while ago I would have asked for your help and support to beg or thump your fists at your legislators' door while we were rushing to find a solution that would be at the same time reliable and financially sound. Today the wait is over. What we really need is for traditional players to seize the moment and get on board and for you at home to tune out the naysayers who want you to make the case for outdated, geopolitically dangerous, and capital-intensive burning fuel.

Now is the time to say hello to the exciting, clean, and pervasive energy world. No doubt oil had these same challenges when it was displacing coal, as did the automobile industry when it was displacing horse-drawn carriages but move forward friends, and embrace this change – I promise you, you won’t want to go back once you do!

?

Felice Egidi

President ESI Spa

1 年

Fabio, many people could say that you are excellent writer, as it is. But as I have been dealing with Energy since so many years shifiting from fossils to renewals, let me express my deep appreciation in what you have stated in terms of “need to change” versus a new energy world. I am passionate on mountains sports and I can see and touch what glaciers melting means. No words to describe it! Never, never through the geological era, atmosphere PPM reached this unbelievable rate of 420! 1,5Celsiis will be increasing overall in a bounch of years. Yes Fabio, we need your suggested “kit #2” to help next generations to run properly their lives. I like to share the beautiful Tracy Chapman song translating into environment excuse for the next generations.. https://youtu.be/QvYSckKSL5g?si=AodLlBPkoVmXtirb

Leah Edwards

Investor, Educator and Coach Helping to Build Strong Companies & Ecosystems

1 年

Bravo

回复
Leah Edwards

Investor, Educator and Coach Helping to Build Strong Companies & Ecosystems

1 年

Take that ChatGPT

Michael Liou

AI | Investor | Speaker | Corporate Strategy | Partnerships | GTM

1 年

Well thought out. Distribution and transmission loss are huge issues. And folks - it’s a transition, not the end of the world

Mastefully written Maestro, Fabio Ficano !!! Xpansiv fyi.

要查看或添加评论,请登录

Fabio Ficano的更多文章

社区洞察

其他会员也浏览了