Prophecy Article Today: "The Future of Energy” -Koinonia House


  BIBLICAL PROPHECY TODAY NETWORK

 Biblical Prophecy Today   Biblical Prophecy Today   Biblical Prophecy Today   Biblical Prophecy Today

 BIBLICAL PROPHECY TODAY with KOINONIA HOUSE 

 

Every day We Post Perspectives in Prophecy

(BiblicalProphecyToday@gmail.com)

(google: "Biblical Prophecy Today")

NOW ON FACEBOOK PAGE HERE

"Articulating Prophecy Biblically"

 

 Prophecy Article Today  

"Answering the Questions in Prophecy Biblically"

The Future of Energy

by Steve Elwart, Senior Analyst Koinonia Institute
  


In the 1700s, most of the world got its energy from windmills, water wheels, whales and plants. Plants contributed not only the wood for generating heat but also the internal fuel to power the labor of humans and animals. Since the Industrial Revolution over 200 years ago, fossil fuels have been the engine that has driven the global economy. The world is living in the age of petroleum.

The United States came to power on a sea of oil. Every day the U.S. imports over $1 billion worth of oil. Yet, the United States has yet to develop a systematic program to lower its dependence on oil. In 1973, when President Richard Nixon said, “Our in-dependence will depend on maintaining and achieving self-sufficiency in energy,” the U.S. imported 34.8% of its oil from foreign countries.

When Jimmy Carter declared energy independence the “moral equivalent of war,” imports were up to 45% of the nation’s energy supply. Every American president since then has vowed to lessen our dependence on foreign oil and yet the nation’s dependency has grown.

Even President George W. Bush’s including energy independence with part of the War on Terror has failed to stem the tide. The United States currently imports over 58% of the oil consumed.

That is about to change. According to the U.S. Energy Information Administration (EIA) the total world consumption of energy will increase by 49 percent from 2007 to 2035.

 The global economic recession that began in 2008 has had a profound impact on energy use and is expected to increase as the economy recovers. While there are encouraging signs that the recovery in the United States is starting to improve, recovery in Europe and Japan has lagged behind.

Historically, OECD1 member countries have ac-counted for the largest share of current world energy consumption; however, in 2007—for the first time—energy use among non-OECD2 nations exceeded that of OECD nations. Estimates show this trend will continue to grow.

The two countries leading that trend are China and India. These two countries accounted for about 10% of the world’s total energy consumption in 1990 and 20% in 2007. This demand is expected to rise to 30% in 2035. In contrast, the U.S. share of world energy consumption will fall from 21% in 2007 to about 16% during the same period. Much of that demand will be in oil.

Oil demand is expected to increase by 60% from China alone. To put this in perspective, in China only 30 out of 1000 own a car (compared to 700 per 1000 in the U.S.). In 25 years 240 people in China out of 1000 will own an automobile.

Because of China’s massive population,3 this represents an increase of over a quarter billion cars! This will call for a huge demand for oil in China, one the Chinese are trying to provide for by buying up oil reserves all over the world.

All sources of energy have their problems. The world needs to have a “bushel basket” full of energy, but this will take time. Weaning the world economy off a heavy dependence of oil will take time.

Crude Oil

All this means that the era of cheap oil is over. World crude oil and liquid fuels consumption grew to 86.7 million barrels4 per day (bpd) in 2010, surpassing the previous record of 86.3 million bbl/d set in 2007. EIA expects that world liquid fuels consumption will grow by 1.4 million bbl/d this year, followed by 1.6 million bbl/d growth next year, resulting in total world consumption of 89.7 million bbl/d by the end of 2012.

Adding to the squeeze on oil supplies is the fact that the major oil exporting country of Saudi Arabia was caught overestimating its reserves by up to 40% or 300 billion barrels. Saudi Aramco has stated that the country cannot maintain its oil production.5

U.S. government policies have systematically restricted oil exploration for new sources of oil in some of the richest fields in the country. After the BP oil spill in the Gulf of Mexico, a “moratorium” was placed on exploration in the area, over the objections of the state governments of Louisiana and Mississippi, local businessmen along the Gulf who depend on the oil industry as a source of income, and even the expert panel commissioned to investigate the spill and its consequences.

In addition to the increased consumption and lowered reserve projections, major uncertainties could push oil prices above or below current forecasts. Among those are:

• Political unrest in the oil producing countries and pi-racy on the high seas at oil choke points.6 (Political unrest is a particular concern to the U.S. The four primary oil exporting countries to the U.S. are: Canada, Mexico, Saudi Arabia, Venezuela, and Nigeria. Four of the five countries have either unstable governments or governments hostile to the U.S.);7

• The rate of global economic growth;

• Currency valuations (as a currency devalues, the relative price to import oil will increase, thus lowering demand); and,

• China and India’s efforts to address concerns regarding its growth and inflation rates. (China and India are becoming such large oil importers that any change in their import requirements will have a large impact on oil price and availability.)

While these issues deal with oil as a fuel, what often isn’t considered when oil demand is discussed is the other uses for petroleum.

Oil is a resource too valuable to burn. It is used in diverse industries such as plastics, pharmaceuticals, sporting goods, power distribution and tire manufacturing. There is a petrochemical behind almost everything on a store shelf, even on food shelves. The fertilizers used in food production and insecticides to protect crops against unwanted pests are derived from oil. An in-crease in oil pricing also translates to increased costs of thousands of other goods and services.

The Obama administration has removed some of the restrictions to oil exploration but it may be a case of “too little, too late.” Many of the giant rigs used for off-shore oil exploration have moved on to jobs in Brazil and Nigeria that will last up to three years. Oil is hovering around $100 per barrel and some industry experts believe that the price will increase to as much as $120 per barrel.

When the price will start to take off depends not only on how much exploration is allowed but when the world’s economy starts to improve. With the global economy in a slump, the demand for energy goes down. With an oil-based economic recovery, demand will increase with increased manufacturing, transportation and power generation.

Natural Gas

At current rates of production and reserves, there will be a natural gas surplus for years to come. If there are no surprises (political, economic, etc.), the world will experience a natural gas glut for the next ten years. Liquefied Natural Gas (LNG) is the only way to transport large amounts of natural gas where pipelines are not available. For the foreseeable future, LNG will be readily available and it will be cheap. This is good news for consumers, but not for exporters. LNG is a direct competitor with alternative energies and low LNG prices makes it difficult to exploit renewable energy technologies without subsidies. China is also using sources such as shale gas in their energy mix, which will keep the cost of gas down as well.

LNG also is helping to drive another nail in the coffin of the “Global Warming” movement. Burning LNG has its share of environmental critics. They look at LNG as just another polluter that will add to an overall increase in greenhouse gas emissions.

However, countries that are utilizing LNG in their energy mix are losing their appetite for greenhouse gas carbon capture and storage. Countries such as China have not expressed an interest in signing any international accords on Global Warming. Their use of LNG to finance their economic development makes them and other developing countries tend to turn their backs on the entire issue.

Nuclear Energy

Even before the disaster at the Fukushima nuclear facility in Japan, the future of nuclear power was in doubt. While a few nuclear plants that were set for decommissioning already have been shut down, the rest of the plants currently in operation will stay in operation. However, licenses for new plants are in doubt. Also, regulatory requirements and long startup times, as well as the current political climate, add to the already substantial startup risks. The looming problem in the nuclear debate is what to do with the spent fuel.

The storage of spent fuel—nuclear material no longer strong enough to power a plant—has always been a problem. The nuclear material that was in the original “atomic pile” in 1942 is still being stored in “temporary storage,” waiting for final disposition. There is no approved program yet in place to a final disposition of the 50-plus years of spent fuel currently being stored across the United States.

Alternative Energy

Below is the current energy mix for the U.S.:

Fossil Fuels:         69.6%

— Coal                   51.4%

— Natural Gas        5.1%

— Fuel Oil                3.1%

Nuclear:                  19.8%

Hydroelectric:         8.3%

Solar / Biomass / Wind:   2.3%

Total:                        100.0%

Fossil fuel and nuclear make up 90% of the U.S. energy mix. Elements of the environmental movement and the Obama Administration believe that the green technology that currently makes up 10% of the energy mix can quickly replace the 90% of the fuels we currently use. This is unrealistic. It is going to take 20-30 years for alternative energy to make up a sizable amount of our energy portfolio.

Hydroelectric energy raises objections over fish migrations and marine transportation. Wind energy raises concerns over interfering with migratory patterns of birds. Biomass raises concerns over creating an imbalance in agriculture, muscling out food crops for crops that would be used to make ethanol and synthetic fuels.

Solar energy causes concerns over efficiency and land use. If the nation’s energy needs could be supplied by solar, as some advocates believe, the entire south-western region of the United States would be covered with solar panels. For all its problems, solar holds out the best hope for replacing conventional fuel sources as the method for driving the world’s economies.

China’s Solar Energy

The country poised to lead the world in advanced solar technology is China. China is on an aggressive pro-gram to develop solar technology for the future. Many experts believe that is one of the reasons China is stocking up on rare earth minerals, as it is a component in many alternative energy devices, including the next generation of solar collectors.

As with anything, the more you do something, the better you get at it. China, in its race to increase the share of solar energy in its national energy profile, will end up with better and cheaper collectors and storage batteries due to sheer volume. It will bring down the cost of production, offsetting OPEC’s influence in world affairs. China will become the champion of alternative energy car technology. Other countries, including the U.S., will fall behind and into the second tier of technology with a large negative impact to its economy.

One source of alternative energy that holds promise is space-based solar energy. Solar energy is thought to be more easily captured in space because there is neither atmospheric nor cloud interference and it can operate twenty-four hours a day. Space-based collectors also would not take up any land area. The collectors could be tethered to earth via monocarbon filaments and the generated electricity sent down by cable.

An alternative method would be to have the collectors in geosynchronous orbit and the energy transmit-ted back to earth via microwave. Neither technology is science fiction. They are both feasible, though very ex-pensive at this time.

One utility, however, believes that this technology is closer than most people imagine. Pacific Gas and Electric hopes to draw power from space-based collectors and deliver it to customers in California.

The company has an agreement with Solaren,8 which will convert the power into RF (radio frequency) waves and transmit it back to earth to a receiving station in Fresno County. The energy would then be converted back into electricity and distributed through PG&E’s power grid. The California Public Utilities Com-mission recently approved the plan.

 A Train Wreck

The world’s energy future is heading toward the proverbial train wreck. Currently, there is no geological shortage of energy; there is only a shortage predicated on political agendas that cater to special interests groups. In the future, though, this may not be the case. With oil getting scarce, nuclear power falling from favor and developing countries having a greater need for energy, more supplies are needed.

Governments are not helping the situation. They are sequestering available energy resources in the name of “Global Warming,” wildlife protection, etc. No single energy source can fill the gap, so a true energy mix is needed. There are no quick fixes to the problem.

Proverbs 24 teaches us that “A wise man has … many advisers.” Nations would be wise to seek the opinions of many people for ways to solve the coming energy crisis, rather than rely on government to provide a single solution to the problem. ♦


 Yes! Jesus is Coming!


 

Prophecy Today Q&A: "Israel And The Fig Tree -Jack Kelley


  BIBLICAL PROPHECY TODAY NETWORK

 Biblical Prophecy Today   Biblical Prophecy Today   Biblical Prophecy Today   Biblical Prophecy Today

 BIBLICAL PROPHECY TODAY with JACK KELLEY 

Every day We Post Perspectives in Prophecy

(BiblicalProphecyToday@gmail.com)

(google: "Prophecy Today Q&A" or "Biblical Prophecy Today")

NOW ON FACEBOOK PAGE HERE

"Articulating Prophecy Biblically"

 

 Prophecy Today  Q & A

"Answering the Questions in Prophecy Biblically"

Jack Kelley

 

Israel And The Fig Tree

Q. I have always believed that Jesus was using the fig tree to symbolize Israel being reborn in Matt.24:32-34.  But then Jesus said, “and when you see these things come to pass, know that my coming is near, even at the doors.”  Things is plural and not singular. So Jesus could be describing many things (as in “birth pangs”) & not just the rebirth of  Israel.  But when do the birth pangs begin?  Also, if you look at Luke’s version of the fig tree parable, he says “fig tree and all the trees.”  This is very confusing because no one can accurately say when the birth pangs started and therefore cannot determine, within any reasonable space of time, when “this generation” begins or ends. Can you clarify this?

 

A. The only specific sign the Lord gave from which we can determine the timing of the 2nd Coming is the Abomination of Desolation (Matt. 24:15-21). When the people living in Israel at the end of the age see that, they’ll know the Great Tribulation has begun and from other references will know that it will last 3.5 years (Daniel 9:27, 12:2 and Rev. 11:2, 12:6, 12:14).  From that they can calculate the approximate time of the 2nd Coming, since Jesus said no one will know the exact day or hour in advance (Matt. 24:36,42,44, 50, Matt. 25:13).

But the Church will be long gone when the Abomination occurs, and by calling the other signs birth pangs, the Lord relegated them to the status of general indications, not a specific schedule.  Birth pangs announce the arrival of labor but don’t really predict it in advance, and give no indication as to its length.

However it turns out that the Abomination of Desolation is all we need because there are preconditions to it’s fulfillment that provide the longer term clues as well. Here’s what I mean.  You can’t have an abomination until there’s a Temple.  You can’t have a Temple until the nation is back in covenant, and the nation can’t be back in covenant until it exists again. Therefore the event that begins the count has to be the re-birth of the nation, and you don’t need to depend on the fig tree parable to prove it.  Aside from the abomination, which comes too late for us, there’s no other event that can be used as a specific start date.

Matt. 24: 34 tells us many of the generation of people being born at the time of the re-birth of Israel (this generation) will still be alive at the 2nd Coming.  Psalm 90:10 andIsaiah 23:15 indicate that an average lifespan is 70 years. That makes it likely that the 2nd Coming will occur about 70 years after the re-birth of Israel.

Tags: 

Related Posts:

ShareThis


 

 Yes! Jesus is Coming!


 

Prophecy Video Series: "Pyramids, Planets & the Bible" pt 6 -Chuck Missler

Every day We Post Perspectives in Prophecy
(BiblicalProphecyToday@gmail.com)
(google: "Prophecy Today Q&A" or "Biblical Prophecy Today")
"Revealing Prophecy Biblically"
 Prophecy Video Series  
"Devoted to the the Retun of Jesus"
Chuck Missler

 

Pyramids, Planets & the Bible 

 

 


http://www.youtube.com/watch?v=Gq5BzADd9Nc&feature=related

 

 

 

 Yes! Jesus is Coming!

Prophecy Today NewsWatch: July 01, 2011 - - Sivan 29, 5771


  BIBLICAL PROPHECY TODAY NETWORK

 Biblical Prophecy Today   Biblical Prophecy Today   Biblical Prophecy Today   Biblical Prophecy Today

 BIBLICAL PROPHECY TODAY 

Every day We Post Perspectives in Prophecy

(BiblicalProphecyToday@gmail.com)

(google: "Prophecy Today Q&A" or "Biblical Prophecy Today")

NOW ON FACEBOOK PAGE HERE

"Articulating Prophecy Biblically"

 

 Prophecy Today  NewsWatch

Koenig's International News
Washington: 2:20:46 pm - July 1, 2011 - Jerusalem: 9:20:46 pm - Sivan 29, 5771

Christian News

The rise in the group's political prominence 
makes contact necessary, U.S. official said. | AP Photo

 

The U.S. has decided to formally resume contact with Egypt’s Muslim Brotherhood group - which does not recognize Israel – in a move that could further alienate some Jewish voters already skeptical of President Barack Obama, it was reported.

One senior U.S. official said the Brotherhood’s rise in political prominence after the forced departure of former President Hosni Mubarak earlier this year makes the American contact necessary.

“The political landscape in Egypt has changed, and is changing… It is in our interests to engage with all of the parties that are competing for parliament or the presidency,” said the official, who confirmed the news to Reuters on condition of anonymity.

 

Jordan Muslim Brotherhood leader calls 
for ouster of prime minister

 

Christian News

Pro-government protesters, with portraits of Jordan's King Abdullah, shout anti-opposition slogans during a demonstration after Friday prayers in Amman June 3, 2011. Photo by: Reuters

 

2,000 protesters take to Jordan streets demanding Prime Minister Marouf al-Bakhit resign.

 

 

Hezbollah members indicted in Hariri murder

 

Christian News

Rafik Hariri Photo: AFP

 

Lebanese media says four arrest warrants issued against Shiite group members, including brother-in-law of Imad Mughniyah Roee Nahmias

Four Hezbollah members have been indicted in the assassination of former Prime Minister Rafik Hariri, Lebanese media outlets reported on Thursday.

 

A delegation from the Special Tribunal for Lebanon filed an indictment in the assassination of Hariri to Lebanon's Attorney General Said Mirza.

 

 

 

 

'Koenig's Eye View from the White House,' July 1, 2011 ... 
Could Comet Elenin's gravitational pull be underestimated which could lead to a surprise “earth shaking” event? …. Is there a cover-up or will it be a non-event? …. An opposing view on Elenin’s potential … Alaskan earthquake frequency the last seven days similar to Japan in March … Is a strategic plan for Iran and Iraq in the works? ... The real “hate speech” is the liberal media’s attack on Christians and conservatives .... more news…

 

 

Sign up for free 'News Alerts'
Email:  

 

 

World News Since 1996 
Readers in 50 States and 105 Countries

 

 

Zechariah 12:3,9: 
And in that day will I make Jerusalem a burdensome stone for all people; And it shall come to pass in that day, that I will seek to destroy all the nations that come against Jerusalem.


Update and Commentary 

"Koenig's Eye View from the White House" 
click here for subscription information

"Eye to Eye - Facing the Consequences of Dividing Israel" 
click here for book information and/or to purchase

Click on individual logos for William Koenig's videos, tweets, and photos

YouTube Vimeo Twitter Flickr 


'Koenig's Eye View from the White House' – July 1, 2011: Could Comet Elenin's gravitational pull be underestimated which could lead to a surprise “earth shaking” event? …. Is there a cover-up or will it be a non-event? …. An opposing view on 

'Koenig's Eye View from the White House' – June 24, 2011: Will Earth experience a record-setting earthquake on Rosh Hashanah? …. The Earth, Elenin and the Sun aligning September 26-28 .... Is Netanyahu giving in? 

General Jones answers 
Bill Koenig's question 
on Israel's security 
(video)
 

"Eye to Eye - Facing the Consequences of Dividing Israel' Updated Events 

Timeline 2011 to 2019: Events 
on the Calendar
 

Samaritan’s Purse is responding 
in the aftermath of Japan’s 
devastating earthquake and tsunami
 

'Eye to Eye' has been hand-delivered 
with comments to 94 Obama 
Administration officials; political, 
media and Christian leaders
 

Koenig International News Testimonials 

'News Alerts' by email - 
Bill Koenig
 

"Koenig's Eye View from the 
White House" sample issue
 

'Koenig's Eye View from the White 
House' Subscription Information 


"Koenig's Eye View from the 
White House" - Mail/Fax Form 

Featured News 

Greek authorities stop 
American ship taking 
part in Gaza flotilla
 

Peres: US, Obama Israel's 
friend, ally
 

Police to restrict Temple Mount 
entry amid fears of riots
 

Clinton: Syria running 
out of time to reform
 

With multiple ships disabled, 
Gaza flotilla organizers 
regroup in Greece
 

CNN: Four Hezbollah members 
indicted in Hariri death
 

Israel delegation condemns 
Germany decision to host Iran 
politicians
 

Netanyahu: Israel has every 
right to stop Gaza flotilla
 

PM: Iron Dome system crucial 
to peace with Palestinians
 
Latest News 

Pastor's Death Sentence for 
'Apostasy' Upheld in Iranian 
Supreme Court
 

Nine killed as Syrian 
protesters tell Assad 
to go
 

AFRICOM: AF, Navy still 
flying Libya missions
 

Exclusive: French Military In 
Libya Arming Tribal Insurgents 
South Of Tripoli
 

Clinton outlines road ahead 
for Arab democracy
 

EURO Crisis: German Banks Agree 
to Billions in Greek Debt Relief
 

All eyes on Warsaw as Poland 
assumes EU presidency
 

Another Area Girds for Revolt 
as Sudan Approaches a Split
 

Petraeus confirmed by Senate 
unanimously as new CIA director
 

Dominique Strauss-Kahn 
sex case is near collapse, 
sources say
 

Southwest Flight Makes 
Safe Emergency Landing 
After Engine Failure
 

Chavez cancer upends 
Venezuelan politics
 

As in The Days of Noah And Lot: 
Vegas Officials Consider Marketing 
Gay Honeymoons
 

Prince William, Kate charm 
crowds in Canada
 

An Israeli algorithm sheds 
light on the Bible
 
White House News 

Geithner mulls departing 
Treasury post: sources
 

Democrats Weigh Short-Term 
Debt Limit Increase
 

Obama: Congress to Blame for 
Debt — It's Not My Fault
 
Israel News 

 

Behold, he that keepeth Israel shall neither
slumber nor sleep. - Psalms 121:4 (KJV) 


Are subs, not the planes, 
the best way for Israel 
to counter Iran?
 

Gas leaks into south 
Israel nature preserve 
after pipeline burst
 

Human trafficking report ranks 
Israel with 3rd world nations
 
Provocative Commentary 

Liberal Frankensteins: From Greece 
to California, The Liberal Dream 
is Dead - Victor Davis Hanson
 

Unmasking the ‘international 
community’ - Caroline B. Glick
 

An inconvenient cooling - Sun’s 
coming quietude burns global 
warmists - Washington Times
 

Abbas headed for disaster - Unilateral 
declaration of independence will 
likely lead to Palestinian Authority’s 
collapse - Guy Bechor
 

Same-sex marriage, cancer, and 
fig leaves - Marvin Olasky
 

Welfare for Dictators - 
Aram Roston
 

US unveils significantly different 
counterterrorism strategy: Three 
key parts - Howard LaFranchi
 

How the demise of a trusted 
adviser could bring down 
Mahmoud Ahmadinejad
 

The Syrian regime is facing 
a great predicament - 
Tariq Alhomayed
 

At Obama's Pentagon, ‘be all that 
you can be’ becoming ‘dress 
for success’ - Anna Mulrine
 

The Greek Way of Sorrow - 
Napoleon Linardatos
 

Michele Bachmann, evangelical 
feminist? - Dan Gilgoff
 

Populations around US 
nuclear plants soar
 

Chaos feared as Syria crisis 
nears bloody impasse
 

Liberal American Jewish suckers - 
Caroline Glick
 

Obama to Reverse Course, Endorse 
Gay Marriage This Week?
 

Big Media Suicide Compact 
Cal Thomas
 

US losing its technological 
edge? No! - Mary Helen Miller
 
Inspired by God 

 

Christian News

"The men who have done the most for God in this world have been early on their knees. He who fritters away the early morning, its opportunity and freshness, in other pursuits than seeking God will make poor headway seeking Him the rest of the day. If God is not first in our thoughts and efforts in the morning, He will be in the last place the remainder of the day." - E. M. Bounds 


July 1: Fearfully And 
Wonderfully Made - 
Charles Stanley
 

July 1: The Inevitable Penalty - 
Oswald Chambers
 

July 1: How To Wait - 
Streams in the Desert
 

A.W. Tozer's Daily Devotional 

Charles Spurgeon's 'Morning and 
Evening' Daily Devotional
 

Daily Light 'Morning and Evening' 
Devotional - Jonathan Bagster
 

Charles Stanley's Audio Messages 

McLean Bible's Internet Services - 
Pastor Lon Solomon: Services are 
"live" Sunday' at 9 am, 10:45 am, & 
12:30 pm (Eastern-US), rebroadcast 
Monday at 2 pm (Eastern-US)
 

Pastor Lon Solomon, McLean Bible
Church, McLean, Virginia - 
Sermons by Date, Series and Podcasts

Eye to Eye

"When You Need to Know"






 

 


 

 Yes! Jesus is Coming!


 

Translate

Search This Blog