For some time now, after I initially encountered the term Peak Oil, I’ve been researching the topic and tracking events leading up to it. I’ve viewed a number of web sites and articles on the subject. Strangely enough, however, what I’ve found most disturbing is not the fact that Peak Oil will occur, but that no one has come up with a proposal and strategy that would avoid the effects of Peak Oil entirely and foster continued economic growth. What proposals offered have addressed one, but not the other.
So let me be the first to propose a solution and strategy to avoid Peak Oil and to ensure continued economic growth.
My proposal is for the federal government to encourage the major oil and natural gas companies to build “artificial atolls” off the coasts of states experiencing substantial increases in prices for natural gas and energy. These primarily will be the New England and Mid-Atlantic States as well as California.
The purpose of the atolls will be to produce renewable energy from wind, waves and ocean currents while simultaneously receiving LNG shipments. Since I’ve expounded upon the idea elsewhere www.sinceslicedbread.com/idea/7451, I will just go over the benefits of it here and the probable impact upon Peak Oil.
The first and foremost benefit of my proposal is it’s economic scalability and technological feasibility with today’s technology. There are no major scientific breakthroughs needed, no long-term research and development or a long build-out time required. (Estimated construction time – two to three years.) Once established, the atolls will function as base load power plants and far outlast any terrestrial power plants existing except maybe hydroelectric plants. In a sense, the atolls will be similar to large hydroelectric plants with an equivalent power output. Unlike hydroelectric plants, however, the construction of the atolls will be uniform and mass-produced which will drive down the cost. And the cost WILL decline, too, because the technology can be applied elsewhere in the world.
A crucial benefit of proposal is that it can be deployed in time to exploit a window of opportunity during the ongoing effects of the domestic peak in natural gas and before the onset of the effects from the global peak in oil. The next few years will definitely see the continued rise in domestic natural gas prices with a corresponding decline in oil prices. (I’m assuming, for various reasons, the global economy will decline as well as the production of domestic natural gas.) If the atolls are constructed in this time frame, the onset of the effects of Peak Oil will be delayed.
How the atolls can delay the onset of the effects of Peak Oil is the next benefit. The atolls can be used for other purposes, specifically, the establishment of GTL (Gas to Liquids) plants. These could help offset the decline in oil supplies. Also, if the oil companies are so inclined, refineries to handle sour crude could be built on them instead, too.
The benefit that will follow naturally if all the above were to occur will be a reduction in oil and transportation fuel prices, an increase in needed natural gas supplies with a corresponding decrease in prices and provisioning for future demand for power in the selected states. In addition, by producing power from renewable sources, there will be a reduction in pollution, greenhouse gas emissions and the consumption of natural gas for power generation thereby freeing up a substantial portion for other uses.
The selected states will further benefit in the jobs created to construct, operate, maintain and service the atolls as well as the jobs SAVED by the reduction in electrical costs and increase in natural gas supplies.
But most importantly, the entire country will benefit from the atolls through the geographic diversification of strategic assets. Hurricanes Katrina and Wilma have highlighted all to vividly the extreme vulnerability of having key industries to the economy concentrated in a location subject to periodic damage from acts of nature. We could bear witness to the same destruction over and over again over a number of years as another cycle of increased hurricane activity begins. The atolls will add needed resiliency to the economy in the aftermath of natural catastrophes.
The final major benefit of the atolls is in eliminating the NIMBY (Not In My BackYard) factor. The atolls will be located eight to eleven miles offshore putting them over the horizon for those on shore. Not being within sight forestalls any objections to their placement. And since they are anchored floating platforms, the impact on the marine environment will be negligible.
It should be obvious then that the atolls can mitigate the effects of Peak Oil and delay it’s onset for a few more decades. With this added time, a strategy can be implemented to eliminate the threat of Peak Oil entirely. For my strategy to eliminate Peak Oil entirely, go to www.sinceslicedbread.com/idea/2235.
It is my fervent wish that by bringing up this issue, it would spark discussion and change the focus of those of us aware of Peak Oil to come up with constructive ideas and action plans to prevent the effects of Peak Oil from ever occurring.







