Butte Energy Inc V.BEN.H

RE: Natural Gas use

[donofdubai]

Mariners...I'm new to BEN...got in on Wednesday... Natural gas is one of the fuels used to generate electricity in the US. Of course, the electricity is then used to run air conditioners. Here's the breakdown of the various energy sources for the generation of electricity in the US for 2005. Starting about 1973 coal and nuclear power as sources of fuel increased in importance until the present day. During that time they squeezed oil out of the mix. In 1973 oil was used to generate 17% of the electricity needs of the US. By 1985 oil generated only 4.5% of US electrical needs and today that figure is less than 3%. 1. coal....about 50% 2. nuclear ... just over 20% 3. natural gas... around 17% 4. hydro power... about 5% 5. oil ... just under 3% 6. wind/solar... not much Also, ever wondered what we use oil for???? Here's what happens to the typical barrel. 1. Gasoline... 47% 2. Fuel oils (I think thats for ships, diesel, etc)...21% 3. Jet fuel and kerosene...8% 4. propane...6% 5. residential fuel oil...4% 6. asphalt and road oil...3% 7. petroleum coke...2% 8. lubricants...1% 9. all other ... 8% I've lifted all these figures from Peter Tertzakian's ... A Thousand Barrels a Second...McGraw Hill 2006. He gets that title from his belief that sometime in 2006 the world will consume that many barrels each second. It's a nice read that starts with a history explaining how we have arrived at what he calls the 'oil breakiing point and the challenges facing an energy dependent world'. He concludes with a look at the future of energy that although he sees as very volatile he doesn't necessarily see a future full of doom and gloom.... PT is chief energy economist with Arc Financial....Background.. geophysics, economics and finance and he has swatted flies in Canada's patch......