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Energy Future at Crossroads
Global Warming, the U.S. and the World
December 15, 2021 @ 11:30 am - 1:15 pm
President, Altair Resources, LLC
Luncheon event at the Ortiz Convention Center!
The looming uncertainties surrounding our dependence on a variety of sources of energy are causing a great deal of concern and bewilderment among the public of our region, nation and the world at large. They are also the driving force of division and debate within the country and abroad. What are the main issues and problems in energy that we need to understand? How can the U.S. and Texas retain the leadership in energy policies and guide the rest of the world to a more realistic goal of balancing the urgent pressures of global warming and world geopolitics?
Per Dr. Pacht anthropogenic global warming is an inconvenient truth. But so are the huge benefits that every country in the world has enjoyed because of cheap fossil fuel energy. Perhaps the most important thing to understand about energy is just how much of it we use. Every man, woman and child in the world uses 20 million watt-hours of energy per year. In developed countries, the number is far higher. The reason energy use is so high is that energy is in everything we do. For example, food for a U.S. family of four takes the energy equivalent of 22 gallons of gas per week to grow, ship, process and sell. If energy is in everything we do, then the cost of energy is in everything we do and worldwide, most decisions on energy sources are made based on cost. This is particularly true for undeveloped and developing countries. However, it is also true for industrial powerhouses like China, that have prioritized economic growth. As we hear the call for a carbon-free world in 30, 20 and now 15 years, we have to ask if this is realistic? Can we accomplish this without devastating economies? Currently about 89% of all energy in the world is produced using fossil fuels. Solar and wind comprise only 4%. Are there other alternatives?
Dr. Pacht asks: Are the world’s citizens ready to accept the increased economic, land use, and other impacts that come with a switch to renewable sources of energy? In countries that are desperately poor, is it moral to insist that they forgo the benefits of cheap energy that we enjoy. Acquaintance with some of the facts of energy production and use may help in making the difficult decisions that will be required in the future. Managing global CO2 will require rational market-based solutions that may be different for different countries. Political invective on both sides is counter-productive and only creates division of the U.S.
Dr. Pacht is the President of Altair Resources, Houston, Texas. He began his career at ARCO in the exploration research department in 1980, and ARCO recognized his contribution in its 1987 Annual Report where his team was credited with adding $350 million of reserves. His work continued at RPI International as a Senior Scientist working in the Gulf of Mexico and offshore Africa. In 1992, he founded Seis-Strat Services, Inc., a geological and geophysical service company employing up to 35 geo-scientists in seven countries. He sold Seis-Strat in 2007 From 2004 to 2007 Dr. Pacht formed and sold three PE-funded oil and gas production companies with partners. Dr. Pacht has won five best paper awards and has published over 80 papers and abstracts. He serves on the Alumni Advisory Board of the School of Earth Sciences at Ohio State, where he received his Ph.D. and gives talks worldwide on energy.
COME JOIN US FOR AN EXTRAORDINARY CONVERSATION AT THE LUNCHEON — COURTESY OF
THE WORLD AFFAIRS COUNCIL OF SOUTH TEXAS!
Please reserve your tickets by December 13, 2021, Noon. We need to give the headcount to catering staff in advance! For ticket and membership information please visit our web site: www.worldaffairstexas.com. For more information, please contact: Dr. Anantha Babbili, WACST President & CEO, at 361.563.5177 or at firstname.lastname@example.org.