futuregen …….. the impending marriage between coal and oil
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FUTUREGEN …….. the impending marriage between Coal and Oil. THE SITUATION. The American Energy Security Study* Building a bridge to Energy Independence and a Sustainable Energy Future “The study finds that this nation faces four serious oil-related risks: - PowerPoint PPT PresentationTRANSCRIPT
FUTUREGEN……..the impending marriage
between Coal and Oil
THE SITUATION
The American Energy Security Study*Building a bridge to Energy Independence and a Sustainable Energy Future
“The study finds that this nation faces four serious oil-related risks:
1. Excessive dependence on the OPEC cartel and on other unstable foreign oil suppliers
2. Conventional petroleum supplies are not meeting dramatic increases in world demand
3. Rapidly increasing global competition for oil from China, India, and other nations
4. Supply disruptions from natural disasters, political causes, and potential terrorism”
*Sponsored by the Southern States Energy Board
5. The nation’s addiction to CHEAP oil, and subsequent unrealistic economic expectations.
6. POLITICS – or, better said, Political Correctness
SPARKMAN’S ADDITIONS
U.S. Energy Resources
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US Energy ResourcesUS Energy Resources
EOR
Domestic Resources• 1 trillion barrels (shale)• 800 billion barrels of FT (coal)• 0.15 billion barrels (pet coke) • 22.7 billion barrels oil reserves • 32+ billion barrels of oil (EOR)• Total 1.9 trillion barrels
Coal Oil ShaleSource: U.S. Department of Defense
Bottom Line – New Middle East
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Bottom Line: We could be the New Bottom Line: We could be the New Middle EastMiddle East——1.9 Trillion Barrels1.9 Trillion Barrels
Saudi Arabia: 261.8 Billion BarrelsIraq: 112.5 Billion BarrelsUAE: 97.8 Billion BarrelsKuwait: 96.5 Billion BarrelsIran: 89.7 Billion BarrelsQatar: 15.2 Billion BarrelsOman: 5.5 Billion BarrelsYemen: 4.0 Billion BarrelsSyria: 2.5 Billion Barrels
TOTAL 685.5 Billion Barrels
Old Middle East
Source: U.S. Department of Defense
What Is FutureGen?
FutureGen is a US$1 billion public-private partnership to design, build, and operate the world's first coal-fueled, "zero emissions" power plant.
The commercial-scale plant will prove the technical and economic feasibility of producing low-cost electricity and hydrogen from coal while nearly eliminating emissions. It will also support testing and commercialization of technologies focused on generating clean power, capturing and permanently storing carbon dioxide, and producing hydrogen.
In the process, FutureGen will create unique opportunities for scientific exploration, education, and stakeholder engagement.
Source: FutureGen Alliance website
A BRIGHTER TOMORROW
the role of coal in the international energy portfolio and relieving pressure on other high-priced forms of energy, such as natural gas, and
3) developing technology to address concerns associated with climate change.
Addressing Energy Challenges
FutureGen addresses three major energy challenges:
1) ensuring the availability of clean and affordable electricity worldwide,
2) increasing energy security by strengthening
Source: FutureGen Alliance website
Areas withCO2- EOR Potential
Source: Texas Bureau of Economic Geology
Texas Coal Areas
Source: Clean Coal Technology Foundation of Texas
WEST TEXAS: AMERICA’S ENERGY EPICENTER
Area industries, economies, geology, geography and physical characteristics combine to offer diverse and expansive energy-related opportunities that could only be dreamed of a decade ago.
Crude oil and natural gas – The development of new technologies will dramatically extend the productive life of this prolific oil and natural gas producing region. With 70% of known Permian Basin oil in place, new technologies will spur enormous increases in oil and gas production.
Solar, wind, biomass, hydrogen and geothermal – Few geographic regions in the U.S. offer the combined geology, topography and environmental characteristics that support the expansion of research, testing and implementation of these increasingly important energy technologies.
Nuclear – The combination of a proposed major uranium-enrichment facility and a federal facility approved for handling radioactive waste makes the Permian Basin an increasingly likely location for the testing, development and implementation of enhanced nuclear energy capabilities that can meet the energy needs of our state and nation.
Electricity – The growing demand for electricity generated from clean-burning natural gas has led to the regional location of major generating facilities. Further development of coal gasification technologies will dramatically reduce environmental concerns while increasing area Enhanced Oil Recovery efforts.
WEST TEXAS: AMERICA’S ENERGY EPICENTER
Can America become 75% less dependent
on Middle Eastern oil
by 2025?
YES!!!With projects like FutureGen and others,
if we use our rich energy history as a springboard and
if we look at ALL energy forms,
starting with DOMESTIC fossil fuels!
Stephanie Sparkman, Executive Director
West Texas Energy Technology Initiative
6 Desta Drive, Suite 2560
Midland, TX 79705
432.684.9994
432.684.9998 fax
www.energyinitiative.info