Banquet Speech "Man's Conquest of Energy, Its Ecological and Human Consequences"

The world's energy resources suitable for power production are of two classes: (1) various channels of the continuous energy flux from extraterrestrial sources, and from the earth's interior, and (2) chemical, thermal, and nuclear energy stored in the outer part of the lithosphere and in the oceans. The continuous energy influxes are from: solar radiation, 178,000 × 1012 watts; geothermal energy, 32 × 1012 watts; and tidal energy, 3 × 1012 watts. Of the solar energy influx, the only fraction suitable at present for large-scale power production is the approximately 40,000 × 1012 watts expended in evaporation of water and in atmospheric and oceanic circulation. Of this, the world's potential water power is about 2.9 × 1012 watts. A very small fraction of the solar influx, 40 × 1012 watts, is stored chemically by photosynthesis. A minute fraction of this, stored during the geologic past, is the source of the energy of the fossil fuels, coal and petroleum. Tidal power is capable of large-scale development in a small number of coastal localities with a total potential power of about 64,000 megawatts. Of the sources of stored energy, geothermal energy is the least important. Installed capacity by 1970 is about 1,125 electrical megawatts, and the ultimate potential is estimated at about 60,000 megawatts, with a lifetime of probably less than a century. The largest sources of stored energy, other than nuclear, are the fossil fuels. The initial minable world reserves of coal and lignite are estimated to have been about 7.