Summary of Subjects to be Examined

Summary Conclusions

The importance of Oil to the world economy

Oil and related industries drive the world economy. This fact will be demonstrated.

The difference between “perceived” needs and “real needs”.

Reducing CO₂ emissions is a perceived need. Migrating to new Energy Paradigms is a real need. It will be explained why this difference is important.

The difference between making money, and building wealth.

Policies of the World’s Central Bankers in general and the US Federal Reserve Board in particular are geared to facilitate the making of money. Making money has become a “game”. The rules of the game will be explained. Anyone can play. However, one consequence of these policies is that wealth is being destroyed. We are consuming future capital. If our political leaders do not soon come to their senses there is a growing risk that this wealth destruction will become irreversible. The best way to arrest this destructive trend in the shortest possible time frame is to replace our political leaders with men and women of integrity.

What is the likely consequence if we fail to replace our political leaders with men and women of integrity? Why?

We will fail to migrate to appropriate new Energy Paradigms because our mainstream politicians are typically more interested in winning votes than in solving problems. There is demonstrable evidence that many are behaving irresponsibly. For example, biofuels do not represent an appropriate new Energy Paradigm.

Summary of Subjects to be Examined

Summary Conclusions

When will the brewing economic problems manifest?

Beginning 2008, and accelerating to 2012. If action is not taken, and new Energy Paradigms are not introduced before 2012 – 2020, irreversible economic collapse seems likely. However, the position is not hopeless. It can still be retrieved. Collapse can be avoided. All of the above will be validated.

Why, exactly, can Private Enterprise acting on its own not be relied upon to commercialise any truly new Energy Paradigms across the globe within the next decade?

Unit costs of Energy can be expressed in cents per kilojoule, or cents per btu. Dominant established businesses in the Energy Industries enjoy the lowest cost per btu. Any new Energy Paradigm will have a high cost per btu and will likely incur significant losses if it tries to compete on price. Unfortunately, to become a mainstream contender and be embraced by the markets it will have to compete on price. The key issue is time. Political dithering has sabotaged the commercialisation processes. We have run out of time. But there are other strategies that might be pursued. One of these will be articulated.

How, precisely, should we behave if we want to ensure that appropriate new Energy Paradigms are introduced within this time frame?

There is an underlying science to successful investing in high technology industries. Selection of, and investment in, new Energy Paradigms should be predicated on this science. Political largesse for the purpose of winning votes has no place in the process. It leads to mal-investment. Key elements of the underlying investment selection methodologies will be explained. The solution to commercialising within a decade lies in a collaborative effort between Government and Private Enterprise, but operating within the investment guidelines.