Everything that requires electricity is produced using petroleum derivatives made from crude oil. In an all-electric world, there would be nothing to power without oil.
Published September 22, 2022 in Heartland https://www.heartland.org/news-opinion/news/america-is-successful-purshering-esg–extreme-shortages-guaranteed
Ronald Stein is an engineer, energy literacy senior policy advisor for Heartland, and co-author of the Pulitzer Prize-nominated book “Exploring Clean Energy”.
Growth in energy, electricity AND products derived from crude oil and fuels to power ships, aircraft, military and space programs, are directly related to to global prosperity and happiness.
Today, most of the energy the world consumes comes from hydrocarbons, of which crude oil is the predominant source of transportation fuel. Today, crude oil is the ONLY source for petroleum derivatives produced from crude oil generating more than 6,000 products for society.
President Biden’s US Energy Information Administration (EIA) forecast is world energy consumption crude oil, coal, natural gas, electricity from renewables and nuclear will grow by 56% between 2010 and 2040. Without any substitution or imitation of what fossil fuels can supply, EIA forecasts that fossil fuels will continue to provide nearly 80% of world energy use through 2040.
The leaders of Presidents Biden and Sacramento, from Governor Brown, Schwarzenegger, and now Newsom, have advocated cutting oil production in the state. And all still support Biden’s pledge that “we will get rid of fossil fuels“.
Another way to explain Biden and Newsom’s commitment to an all-electric world:
- Biden and Newsom are unaware of the fact that everything that requires electricity is produced from petroleum derivatives produced from crude oil. In an all-electric world with only wind and solar power ONLY from wind and sunshine, there would be nothing to power.
- Biden and Newsom believe that fossil fuel-based products and fuels, which support lifestyles and economies, are dangerous and polluting and are causing dangerous climate change.
- Biden and Newsom believe that all the infrastructure developed in less than two centuries, from products produced from crude oil, is not necessary for future societies, such as medicine. economy, electronics, telecommunications and many transportation infrastructures such as airlines, merchant ships, automobiles, trucks, military, space programs.
- Biden and Newsom believe that a fully renewable electricity system in unreliable weather conditions, WITHOUT fossil fuel products and fuels, can work to support an economy. modern.
The United States is pursuing rapidly to achieve President Biden’s stated goal that “we will get rid of fossil fuels“. Today, Biden supports and encourages banks and investment giants to collude to reshape the economy and energy infrastructure with Environmental, Social and Governance (ESG) investments in fossil fuels move. The ESG is an extremely dangerous precedent because the American people have never voted to give banks such control over our country.
With no known alternative to crude oil, Biden and the ESG believers need to be careful about getting rid of “all” of the 3 fossil fuels! America continued to contribute to China’s dominance by investing in crude oil, the oil that changed the world after 1900, guaranteeing perpetual shortages and inflation of social support products. and the economy.
It is clear that efforts to stop using crude oil could be the greatest threat to civilization. Attempting to achieve a decarbonized world like the one that existed in the 1800s and earlier, could lead to Billions of deaths for eight billion people on earth from disease, malnutrition, and related deaths. related to weather, compared with the predicted millions of deaths from climate change.
World leaders are experiencing a “dangerous illusion” of a global transition to “electricity alone”, phasing out the use of fossil fuels that society has so much achieved over the past few centuries. century.
Had nearly 700 oil refineries as of January 2020, but due to continued regulatory compliance and permitting delays and the worldwide support of Environment, Society and Governance (ESG) to divest in fossil fuels , the right operating model and degree of integration will be critical to the survival and sustainable profitability of refineries.
Therefore, 1/5 refineries are expected to shut down in the next 5 years. One in five is 20%, or nearly 140 refineries are expected to close worldwide, resulting in a 20% reduction in products produced to meet society’s growing demand. With reduced production capacity, chronic shortages and inflation may be the new norm!
As of 2021, there are eighty-eight new facilities planned or under construction in Asia and Europe with an additional twelve refineries. The amount of oil supplied through refineries in Asia has increased dramatically over the past three decades due to strong demand for petroleum products in developing countries such as China and India. China is on track to the success of the United States as the the country with the largest refinery output.
Today, U.S. energy policies favor being held hostage to the volatile Petro powers and unstable foreign supplies of crude oil to meet U.S. demand.
The main challenge is to meet the growing demand for energy in an environmentally friendly and safe manner. Energy supplies are critical to economic growth in both developed and developing countries to power businesses and homes, connect communities across boundaries, provide safe water, and more. safety, movement of goods and ultimately economic and human development.
While renewables continue to be inefficient in power generation, subsidies continue for wind and solar power plants based on “name plate ratings.” Wind and sun will be punished when they cannot deliver what they were allowed to do. And while the US promotes the “famous farce” of wind and solar, crude oil continues to be the target of exclusion along with coal and natural gas, even though oil is rarely used to produce electricity. power output.
The unintended consequences of trying to rid America and the world of using crude oil are being worked out in supply shortages and soaring prices leading to the elimination of crude oil-produced products and fuels that support:
- Asphalt for about 65 million miles of roads in the world
- Tires for 1.4 billion vehicles in the world
- Fertilizer to feed the world on this ever-expanding and crowded earth.
- Medical supplies are mainly made from oil derivatives
- Jets include more than 50,000 for the military, commercial and private sector.
- Seller shipping includes more than 53,000 products shipping around the world
- Vehicles are mainly made of plastic
- Renewable energy of wind turbines and solar panels made from oil derivatives
Simply put, the goal of “electrifying everything” is an energy tax that in fact on low- and middle-income citizens could add to the destabilization of the economy. Proven unstable power grid.
Worryingly, the United States continues to maintain greater dependence on foreign countries for products demanded by society, as well as exotic minerals and metals to support wind cells, solar and EVs. The US is successfully pursuing ESG, i.e. Extreme Shortage Guarantee and persistent inflation associated with unreliable supplies to meet growing demand.
Ronald Stein, Consultant
Energy & Infrastructure Ambassador
http://www.energyliteracy.net/
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