Those who have an interest in energy questions in general and so-called "peak oil" in particular may find the book, The Bottomless Well: The Twilight of Fuel, The Virtue of Waste, and Why We Will Never Run Out of Energy by Peter W. Huber and Mark P. Mills, to be an interesting object of study on several levels.
Immediately one is stuck by the very cover of the book. "Bottomless wells?" "Endless energy?" "Waste is Virtuous?" Wow. It also features a gasoline nozzle spouting copious amounts of gas into a deep pool of it, suggesting cornucopian reserves of the stuff.
Have we been holding back all this time? Have we been flagellating ourselves to conserve and find alternatives for no good reason? Are we finally free from all of those nay saying curmudgeons? Is it time to widen the garage and get that shiny new Hummer we always wanted, critics be damned?
Well, not so fast.
Upon reading the book, one sees that although many of the claims in it are sensible enough, they are not quite as sensational as they first seemed on the cover. Probably the quickest way to illustrate this is by taking each phrase of the title and applying a bit of translation based on the contents of the book.
Phrase: "The Virtue of Waste"
Translation: "Waste" energy (e.g. heat, light, etc. not put to what humans deem "useful" work) is an everyday part of the use of any energy and in the refinement of energy (say, crude oil into gasoline.) This is decidedly not news to anyone. This has nothing to do with human ethical considerations of whether you should buy a Hummer, drive a tractor-trailer to work or just light up a swimming pool of gasoline for the pyromaniac pleasure of watching a mushroom cloud explosion. Its about a fundamental law of physics that no one could disobey if they wanted to. Describing this as "virtue" is a little bit strange, to say the least.
A really great point the book makes, however, is that conservation is useless. That's right. Useless. Until a scaling back on an absolutely universal scale is achieved, for every bit of fuel saved, it will be spent somewhere else. Among other factors, when someone saves money at the pump, they spend it at the store. Energy is consumed either way.
As an aside, much of this discussion centered on the concept of "entropy". A slight mark against their usage of the term is that they cast it as a measure of order and disorder. It is my (admittedly limited) understanding that this conception of entropy is somewhat ancient and has fallen out of favor. It is more about energy dispersion than any notion of order/disorder. For example, entropy can increase while geometric "order" also increases, such as in a spontaneous crystallization. Be this as it may, the thrust of their arguments is still understandable, though some rigor may possibly be lacking.
Phrase: "The Twilight of Fuel"
Translation: We spend the great majority of our energy and money refining energy and directing to toward a "useful" purpose. In the end, only a small fraction of energy is used for, say, getting us to the market. Also, raw energy (e.g. crude oil) has been so cheap until now, that the cost of buying it is a relatively small and continually shrinking fraction of the cost of our increasingly sophisticated usage of it. Again, no great news bulletin here, and the books authors themselves occasionally do let it slip that this doesn't make raw energy stores any less crucial to the whole process. No raw energy stores, no more "increasingly sophisticated" uses for it, and no more marginalizing of the cost of raw fuel, since it isn't even there to be marginalized.
Phrases: "The Bottomless Well" and "Why We Will Never Run Out of Energy"
Translation: Here they get almost metaphysical. They make the general claim that "the more energy we use, the more we get". In one sense this is certainly true, in that we use energy and smarts to get more energy. But one could just as easily describe the history of energy thusly: "When we find it, we eventually exploit it if we can." So far we've found energy, not because we absolutely had to, but because we just did. Then we exploited it. Today we find ourselves shackled to certain forms and usages of energy that we really do now depend on. We are compelled to find a way forward whether there really is one or not. This is an important distinction the authors appear to ignore.
Also, the "bottomless well" is not so much oil or gas, despite the word-imagery and cover art to the contrary, and despite the usual talk about how technology allows us to find more of it. The real bottomless well in the book appears to be solar energy. Essentially, the book talks about eventually moving to a hydrogen economy or possibly one based in coal/electricity or other mixtures. Well, a lot of people are talking about this and the book does nothing to advance any of these things, nor does it make it any more clear when it will all happen.
There is an interesting discussion about evolving the automobile toward an electric drive train so a battery, fuel cell or combustion engine can be easily swapped in or out. But these ideas are developed rather on the surface and not in much depth, and others have gone to great lengths proposing such things.
There really isn't any discussion at all on the controversy surrounding the issues of peak oil or the time frame for its occurrence, or how much overlap between peak oil and a new energy regime there will be for various publicly or privately funded scenarios. There is a general faith that "the market will provide" infused throughout the book, however. But as I said above, the market provision of past revolutions in energy source/consumption/usage happened in eras when they were not needed and provided conveniences/advantages which were relative novelties at first. Today's world cannot move forward without such things, which have grown from mere curiosities into vital life and death necessities.
Phrase: "The more energy we spend the more we get."
Translation: To arrive at this, they combine the ideas of the primacy of "logic" to the idea of energy spent in exploration and extraction to show how we are much better at finding and exploiting resources like oil than ever before. Thus, it is getting cheaper to produce. They cite the fact that energy has gotten cheaper over time as proof that it must be getting more abundant -- or something like that.
But first, this flies in the face of the book's own claims that most of the cost of energy - so far, anyway -- is in its processing. If processing is cheaper, naturally so will the cost of "fuel at the pump" be, as long as there are enough raw resources to meet demand. But that's the kicker; this doesn't automatically mean that reserves are in fact growing. They could be dead right that we're more efficient about finding and getting resources - shooting fewer "blanks" as it were -- but then conveniently miss the fact that we're still not finding increasingly more of it. Once you've picked the low-hanging fruit, it is of the essence that your technology and skill is needed to get the harder stuff at reasonable cost and avoid drilling "dry" wells, to put it crudely. These efficiencies do not necessarily mean equally greater discoveries and reserves. It may be so, but it isn't a necessary fact.
Given what I have already read on this subject, it seems clear that they are not only looking at the data differently, but that they are regarding completely different data entirely. Far from dealing with the warnings of certain energy experts, they are more or less sidestepping those concerns by whipping up some views that seem entirely beside the point.
So, in the end, although there is much in the book that is not at all objectionable and even interesting, I found the book falling a bit short of the grand claims on its cover.