The Bottomless Well: The Twilight of Fuel, the Virtue of Waste, and Why We Will Never Run Out of Energy Summary and Reviews

The Bottomless Well: The Twilight of Fuel, the Virtue of Waste, and Why We Will Never Run Out of Energy
by Peter Huber, Mark P. Mills

The Bottomless Well: The Twilight of Fuel, the Virtue of Waste, and Why We Will Never Run Out of Energy
List Price: $16.95
Our Price: $2.33
You Save: $14.62 (86%)
Availability: Usually ships in 1-2 business days
Buy Used: from $0.01 (click here)
Category: Book
See more book details and other editions


or

Book Summary Information

Author: Mark P. Mills, Peter Huber
Edition: Paperback
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2006-04-25
ISBN: 046503117X
Number of pages: 256
Publisher: Basic Books

Book Reviews of The Bottomless Well: The Twilight of Fuel, the Virtue of Waste, and Why We Will Never Run Out of Energy

Book Review: A Grand Tale
Summary: 4 Stars

Huber and Mills tell a happy and triumphant story in The Bottomless Well. Our energy future is secure. "Energy technology is now poised to evolve faster than at any time before in human history." Don't worry about the details, the markets will work it all out (markets never fail). The story is cast as a battle between order and chaos, life and death. It is a "chronicle of humanity's struggle against the second law of thermodynamics, not in theory but in the real world . . . It is a story of ingenious valves and gates that flip open and closed, with just the right timing, to push energy up the thermodynamic hill, to structure our environment, and to add order to our lives." xxix. Capitalists are on the side of order. Ghandi and government regulators are on the side of chaos.

In order to follow the story, the reader must grasp a number of basics.
1) "Raw energy is nothing; context and order are everything." 54.
2) "Order is life and chaos is death." 153.
3) "The more energy we capture and put to use, the more readily we will capture still more." 5.
4) "We use well-ordered energy to distance ourselves from chaos." 53.
5) "It is by throwing [low-grade] energy overboard that we maintain and increase the [high-grade power and therefore the] order of our existence." 44.
6) "Massive amounts of low-grade energy are consumed to deliver relatively tiny amounts of high-grade power." 49.
7) "Efficiency increases consumption." 123.
8) "Heat - chaos - is where ordered power ends up when the order dissipates . . . If it isn't effectively dissipated, heat takes microprocessors, sensors, and engines to the grave with it. Heat is the insidious enemy of valves, seals, capacitors, and logic." 146.

So, according to our authors, low-grade energy is converted to high-grade power, high-grade power creates order and order defeats chaos. Why believe the authors? How do we know that order prevails? The authors invite the reader to be awed by what technologically super-charged power can do. For example: "pump up millimeter-wave power high enough and it can cook things, or people, or hostile microorganisms, at quite a distance." 148. "It takes far fewer people to fight and direct wars today than it did even less than a decade ago, because the speed and power of the front-line soldier had been so greatly amplified; our distant wars are now fought, once again, by a few, a happy few, a band of brothers, while the rest of us lie a-bed, watching their progress on Fox." 149.

If there is anyone other than the authors (perhaps a Fox viewer or two) who believe there are a "happy few, a band of brothers" creating order and defeating chaos in Iraq, thanks to our awesome ability to "cook people from a distance," then perhaps the authors have made their case. Those who see the facts otherwise, however, may wonder what planet the authors are talking about. It seems the authors mistook their happy dream of order for reality. Though the Iraq reality check did not register with them, you would have thought any number of environmental reality checks would have registered. Not so. "The logic [they say] of fuel-retrieving machines has advanced much faster than the fuels have retreated - we keep getting closer to the receding horizon. Environmental concerns are a separate matter, important in their own right. But the issue of exhaustion is resolved. Energy supplies are - for all practical purposes - infinite." 181. In other words, don't worry about the chaos, the dumping of heat - "the insidious enemy of valves, seals, capacitors, and logic" -- into the distant reaches of the planet. The oceans and sky are big enough to take it. Dump away. Indeed, "we [the happy few] use well-ordered energy to distance ourselves from [environmental] chaos [and evil doers]."

One could conclude that the authors are a couple of happy, delusional guys (neo-cons maybe). The truth is, however, that Huber, at least, is probably more angry than happy. He despises environmentalists, who, he believes, have cooked up more trouble and hoaxes than the devil himself. Environmental concerns exist largely in the minds of weak-headed liberals. (See Huber's book Hard Green).

In spite of its faults, this book is well worth the read. The authors have an interesting perspective. They write well. At their best, they tell a grand tale and present a sometimes reasoned challenge to the gloomy Malthusians. Many of the basics listed above are defensible, and all of them are worth thinking about. At their worst, the authors treat you to science fiction.

Economics Books

Book Subjects
Most talked about in Economics Books
The Day Wall Street Exploded: A Story of America in Its First Age of Terror ImageThe Day Wall Street Exploded: A Story of America in Its First Age of Terror
by Beverly Gage
Oxford University Press, USA; Published: 2009-01-28; Hardcover; Book
Best price: $5.83
Price in other shops: $27.95
Coal: A Human History ImageCoal: A Human History
by Barbara Freese
Penguin (Non-Classics); Published: 2004-01-27; Paperback; Book
Best price: $6.99
Price in other shops: $15.00
Econometric Models and Economic Forecasts ImageEconometric Models and Economic Forecasts
by Robert Pindyck, Daniel Rubinfeld, Robert S. Pindyck, Daniel L. Rubinfeld
McGraw-Hill/Irwin; Published: 1997-07-01; Hardcover; Book
Best price: $88.50
Elements of Dynamic Optimization ImageElements of Dynamic Optimization
by Alpha C. Chiang
Mcgraw-Hill College; Published: 1992-01; Hardcover; Book
Best price: $375.84
Macroeconomics ImageMacroeconomics
by Campbell McConnell, Stanley Brue
McGraw-Hill/Irwin; Published: 2006-10-27; Paperback; Book
Best price: $30.00
Empire of Wealth: The Epic History of American Economic Power (P.S.) ImageEmpire of Wealth: The Epic History of American Economic Power (P.S.)
by John Steele Gordon
Harper Perennial; Published: 2005-10-25; Paperback; Book
Best price: $8.88
Price in other shops: $15.99
A Term at the Fed: An Insider's View ImageA Term at the Fed: An Insider's View
by Laurence H. Meyer
HarperBusiness; Published: 2006-01-03; Paperback; Book
Best price: $4.24
Price in other shops: $16.95
Built to Last: Successful Habits of Visionary Companies (Harper Business Essentials) ImageBuilt to Last: Successful Habits of Visionary Companies (Harper Business Essentials)
by Jim Collins, Jerry I. Porras
HarperBusiness; Published: 2002-08; Paperback; Book
Best price: $6.45
Price in other shops: $17.99
Predictably Irrational: The Hidden Forces That Shape Our Decisions ImagePredictably Irrational: The Hidden Forces That Shape Our Decisions
by Dan Ariely
Harper; Published: 2009-06; Paperback; Book
Best price: $9.53
Price in other shops: $19.75
The Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500 to 2000 ImageThe Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500 to 2000
by Paul Kennedy
Harper Collins Publishers; Published: 1989-03-16; Paperback; Book
Best price: $18.07
Similar books summaries and other product reviews
The End of Oil: On the Edge of a Perilous New World ImageThe End of Oil: On the Edge of a Perilous New World
by Paul Roberts
Mariner Books; Published: 2005-04-05; Paperback; Book
Best price: $2.12
Price in other shops: $14.95
Gusher of Lies: The Dangerous Delusions of "Energy Independence" ImageGusher of Lies: The Dangerous Delusions of "Energy Independence"
by Robert Bryce
PublicAffairs; Published: 2009-03-03; Paperback; Book
Best price: $2.05
Price in other shops: $18.99
Power Hungry: The Myths of "Green" Energy and the Real Fuels of the Future ImagePower Hungry: The Myths of "Green" Energy and the Real Fuels of the Future
by Robert Bryce
PublicAffairs; Published: 2010-04-27; Hardcover; Book
Best price: $3.98
Price in other shops: $27.95
Understanding International Conflicts: An Introduction to Theory and History (7th Edition) ImageUnderstanding International Conflicts: An Introduction to Theory and History (7th Edition)
by Joseph S. Nye
Longman; Published: 2008-07-21; Paperback; Book
Best price: $38.99
Price in other shops: $70.20
The Purpose Of Intervention: Changing Beliefs About The Use Of Force (Cornell Studies in Security Affairs) ImageThe Purpose Of Intervention: Changing Beliefs About The Use Of Force (Cornell Studies in Security Affairs)
by Martha Finnemore
Cornell Univ Pr; Published: 2004-07-30; Paperback; Book
Best price: $15.92
Price in other shops: $21.00
Occidentalism: The West in the Eyes of Its Enemies ImageOccidentalism: The West in the Eyes of Its Enemies
by Ian Buruma, Avishai Margalit
Penguin (Non-Classics); Published: 2005-03-29; Paperback; Book
Best price: $4.00
Price in other shops: $15.00
The Quest: Energy, Security, and the Remaking of the Modern World ImageThe Quest: Energy, Security, and the Remaking of the Modern World
by Daniel Yergin
Penguin Press HC, The; Published: 2011-09-20; Hardcover; Book
Best price: $19.95
Price in other shops: $37.95
Power Hungry: The Myths of "Green" Energy and the Real Fuels of the Future ImagePower Hungry: The Myths of "Green" Energy and the Real Fuels of the Future
by Robert Bryce
PublicAffairs; Published: 2011-04-26; Paperback; Book
Best price: $4.99
Price in other shops: $17.99
Hard Green: Saving the Environment from the Environmentalists A Conservative Manifesto ImageHard Green: Saving the Environment from the Environmentalists A Conservative Manifesto
by Peter Huber
Basic Books; Published: 2000-11; Paperback; Book
Best price: $2.68
Price in other shops: $16.95
The Deep Hot Biosphere : The Myth of Fossil Fuels ImageThe Deep Hot Biosphere : The Myth of Fossil Fuels
by Thomas Gold
Springer; Published: 2001-05-18; Paperback; Book
Best price: $12.92
Price in other shops: $20.00