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Last night's is not up yet but I will post it when available Mr. GILCHREST. Mr. Speaker, in just a few minutes, the gentleman from Maryland (Mr. Bartlett ) will address the House for some period of time talking about energy sources, oil in particular, and the fact that many experts say that oil production, especially in the United States, but actually throughout the world, oil production of conventional oil under current patterns is expected to grow at a rate much faster, that means the use of oil by the world community is supposed to grow much faster than oil discovery production. What is clear, because we are not sure exactly when that peak will come in oil production, some say it is peaking right now, some say it will peak in 10 years, the amount of oil we get out of the ground will exceed the demand; but what is clear is that at some point in this century, world oil production will peak and then begin to decline. There is uncertainty about the date because many countries that produce oil do not provide credible data on how big their reserves are.
But more uncertainty calls for more caution, not less; and caution in this case means working to develop alternatives. When production of conventional oil peaks, we can expect a large increase in the price up to the price of the substitutes, whether so-called unconventional oil or renewable fuels. Although increasing domestic production may ease oil dependence slightly, the United States is only 3 percent of the world's estimated oil reserves and uses 25 percent of the world's oil.
I want to explain just from the perspective of the United States the huge increase in energy demand in the last century. I am going to use the word ``quadrillion.'' Quadrillion is a number. If I put 1 followed by 15 zeroes, I have the number quadrillion. To measure energy use in a country, we use BTUs, British thermal units. A new furnace, whether oil or natural gas, you see the BTU to determine how much energy it is going to use. When you use BTUs to determine how much energy a country uses, you use a short term for quadrillion called ``quads.''
In 1910, the United States used 7 quads of BTUs. That is 7 quadrillion BTUs. In 1950, the United States used 35 quadrillion BTUs. In 2005, the United States uses 100 quadrillion BTUs, and we are accelerating that. We are increasing demand for oil for our energy needs. The world right now, 2005, uses 345 quadrillion BTUs, an enormous amount of energy.
We know today that our appliances, whether a washing machine, a refrigerator or dishwasher, we know they are much more efficient than they ever were, certainly 20, 30, 40 years ago; and yet we are using more electricity, not less. We know that automobiles and trucks and our transportation is much more efficient than it was 20 years ago, and yet the demand is increasing. We burn more coal, more natural gas. Each home, as efficient as each home is today, burns much more oil and electricity because of the demand on energy needs. We are not decreasing by getting efficient. Because our demand is greater, we are using more and more.
The question is if we are increasing demand and production is going to peak now or in the next decade or two and our production goes down while the demand goes up, especially with oil reserves, are we at the early stages of the twilight for oil as an energy source? And if we are, what do we do?
Well, the gentleman from Maryland (Mr. Bartlett ) will speak on a number of aspects of oil production decline. We will talk much further about the details of the solution to the problems of
GPO's PDF our energy decline, but I want to close with two last things: How do we harness a new alternative energy source and make it replace what we have been using for more than 2 centuries? How do we do that? We do it with initiative, ingenuity, intellect, vision, and leadership. Remember when I said quadrillion was one with 15 zeroes and talked about how much energy we use, and right now it is 100 quadrillion BTUs, we are not too far away from understanding how to separate hydrogen and oxygen; that is heavy hydrogen from oxygen in seawater. If we can slow light down 186,000 miles a second to zero, we can stop light, we can put information in a molecule, we understand the human genome, we will be able to use our ingenuity to tap 10 trillion quadrillion quads of BTUs in seawater. Our energy demand is increasing; oil production is decreasing. With intellect and leadership, we can transition to a new fuel source. http://thomas.loc.gov/cgi-bin/query/D?r109:24:./temp/~r109cdK0k0::
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