The World on Oil

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The World on Oil
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The World On Hydrogen
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The End of Cheap Oil
The End of Cheap Oil
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Oil PRICES ON THE RISE
78
55
38
29
2006
2003
2005
2004
Average cost of barrel of West Texas
Intermediate Crude
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Top 10 Foreign Suppliers of U.S. Oil
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Energy Security?
Mahmoud Ahmadinejad, President of Iran Rich
nations should be paying 100 / barrel

• Hugo Chavez, President of Venezuela use
  geopolitical power from oil.

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Global Energy Demand to Grow 60 by 2030
Cars line up to buy gas in China's Guangdong
province, August 17, 2005. (China Daily)
Exxon Mobil Energy outlook
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Demand will require 40 increase in OPEC Oil
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What about ANWR?
U.S. Consumption of Oil (million barrels /day)
27 million barrels / day
ANWR1 million barrels / day 10 years from now
1950 1960 1970 1980 1990 2006
2010 2020
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The Road Ahead

• Near term
• Conservation measures
• Mid term
• Hybrid, flexible fuel, ethanol methanol,
  bio-diesel, better batteries
• Long term
• Transitioning to the hydrogen economy

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Near Term - Conservation

• The average US family could save 25 -- up to
  400 a year on its power bill.
• Replace old bulbs with Compact Florescent
  Lighting (CFL) saving up to 74 over the life
  of the bulb and last 8-10 times as long
• Un-plug chargers or plug them into a power strip
  you can switch off.
• Set your thermostat comfortably high in the
  summer and comfortably low in the winter
• Adjust your water-heater to 120F
• Properly inflate tires, keep trunk empty,
  observe speed limit. - each 5 mph you drive over
  60 mph is like paying an additional 0.20 per
  gallon for gas

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Medium-Term New Sources
Fuel Efficiency

• Biofuels

Utilities Clean tech Nuclear Power
Renewables
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Why hydrogen?

• Safe
• Abundant
• Clean

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What About Fire?
Gasoline tank fire
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Our part in theHydrogen Economy

• Commitment
• Collaboration
• Discovery

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Commitment
"to achieving the goal, before this decade is
out, of landing a man on the moon and returning
him safely to the Earth."
Neil Armstrong One small step for man. One
giant leap for mankind.
July 20, 1969
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Collaboration
CLEMSON-ICAR
Center for Fuel Cell Research
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Discovery

• Hydrogen Storage
• Needs to be about 300 miles
• Fuel Cell Cost
• Now about 110 a kW
• Needs to be about 30 per kW
• H2 Cost
• Now 4 gallon of gas equivalent (gge) Needs to
  be about 3 gge.

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H-Prize
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H-Prize

• The most non-governmental way government can
  achieve clear results.
• Provides results-based financial incentives to
  harness the creative, can-do spirit of Americans.

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H-Prizes 1) Technical Breakthroughs 2)
Prototypes 3) Transformational Technologies
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We can. Because we have.
Transcontinental Railroad last spike on May 10,
1869, at Promontory Summit, Utah
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We can. Because we have.
August 15, 1914 the Panama Canal opened after
nine years of grueling effort
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We can. Because we have.
July 16, 1945, Manhattan project results in first
successful atom bomb test at Trinity Site
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How Long?

• Transcontinental Railroad
• 1863-1869 6 years
• Panama Canal
• 1905-1914 9 years
• Manhattan Project
• 1942-1945 3 years
• Moon Landing
• 1961-1969 8 years
• Hydrogen economy
• 2003 - ?

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Want to Land an Eagle?
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We can. Because we must.