Jim MacInnes – Energy Crisis

President and Co-owner of Crystal Mountain Resort and Spa

View more information about Jim MacInnes.

Video Transcript:  (2009.10.03)

To me as the CEO of a company, the term “energy crisis” means either, we can’t get enough energy to operate our business or the cost of the energy is so high that we can’t operate profitably over the long term. And so we will go out of business. Another factor is whether or not our customers can afford to come to our business, to drive here, because a lot of our customers come from a distant area. And with peak oil and some of the issues that we are dealing with in the world, in terms of oil depletion and high oil prices, I could easily see that happening in the next few years.

Topics: Energy Crisis — October 3rd by Jim MacInnes


2 Comments

  • Comment by Christopher — November 15, 2012 @ 8:58 am

    crisis |ˈkrīsis|
    noun ( pl. crises |-ˌsēz| )
    a time of intense difficulty, trouble, or danger
    • a time when a difficult or important decision must be made: [ as modifier ] : a crisis point of history.
    • the turning point of a disease when an important change takes place, indicating either recovery or death.
    ORIGIN late Middle English (denoting the turning point of a disease): medical Latin, from Greek krisis ‘decision,’ from krinein ‘decide.’ The general sense ‘decisive point’ dates from the early 17th cent.

  • Comment by Christopher — November 15, 2012 @ 8:59 am

    “Energy” is a broad term that can lead us into the briar patch. Likewise the term “crisis.”

    Let me take a stab at refining them. I can imagine four types of energy crises: Supply, Cost, Political, Environmental.

    1. Let’s agree that we have no energy SUPPLY crisis. Some energy sources might be in shorter supply than others, but overall, we are not “running on empty” when it comes to powering our world.

    2. Do we have, as Mr. MacInnes asks, an energy COST crisis? Depends on whom we ask. If you heat and run a factory with natural gas as opposed to oil, you probably are not in a cost crisis. Electrical energy costs have generally been trending down. We might declare a crisis when energy takes too big a bite out of our ability to thrive. But people and markets always adapt. To wit, my new plug-in hybrid has a monthly payment $90 higher than my compact pickup truck had, but I will save at least $200 per month on gas. I talked recently to a gentleman who manages a large diesel truck fleet that will be converted to natural gas next year.

    3. Many of us have long thought the world is in POLITICAL energy crisis. Can you spell OPEC? But as America now races toward energy subsistence, that crisis is likely to diminish.

    4. OK. Let’s talk separately about whether there’s an ENVIRONMENTAL energy crisis. I don’t wade into the piranha-infested waters of global warming debate. Atmospheric C02 is rising, we know that. If rising C02 is a crisis, AND if our energy consumption materially contributes to that crisis, then perhaps we do have a bona fide energy crisis. What then? How do we adapt?

    Coal is steadily being replaced and displaced by natural gas for electricity generation. Who knows what/when future technologies for carbon-free base load electricity (and not wind and solar) will materialize! My Prius uses less than half as much gas as my Tacoma did. Transit in urban areas is thriving. Efficiency and new technologies are helping us to burn less oil in our homes…

    Are we adapting fast enough to this crisis to prevent it from becoming calamity? Here’s where I jump off and let experts opine.

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