The Path Forward
In this book we reviewed the course of energy consumption over the ages and projected the level of consumption through 2050. To facilitate the discussion, we introduced a new unit of energy—a cubic mile of oil equivalent, or CMO—that enables description of global energy flows in terms and numbers that are immediately comprehensible. We surveyed the various sources of energy in current use, established the quantities used, and projected our future needs on a global basis. While for much of our history the availability of energy has played an important role in determining the potentials and abilities of humans, in recent times energy has become much more important because resources are coming under strain. Greater energy use is beginning to influence our environment more strongly than ever before. A characteristic of global energy supply systems is the slowness with which they can shift. The slowness is a consequence of several factors. The size of the incumbent technologies and the advantage that they have in terms of learned improvements, economies of scale, and delivery infrastructure, play an important role in the rate at which new technologies are adopted. New technologies are often more expensive simply because cost reductions occur with experience, and it takes time for something new to penetrate the markets and build an experience base. Government subsidies and research and development (R&D) investments can help break this vicious cycle, but in the end the technologies have to deliver value to the customers before they can be adopted widely. There are also limited numbers of manufacturing and delivery systems in place for new technologies. Because basic energy supplies adapt slowly to change—as do most technologies—while energy demand grows more rapidly with population and income, we must act now to bring new supplies and new patterns of energy demand into play to meet the projected global energy demands of mid 21st century. Time is of the essence! Abundant energy has become an essential part of modern life, and we cannot go without it if we wish to retain even a small fraction of our current civilization.