by L. Weijers, Mar 12, 2023 WillemPost
As Liberty Energy CEO Chris Wright explained in his viral video a few weeks ago, dishonest terminology surrounds the climate debate. One of these terms is “Energy Transition”.
The term’s use gives the impression that there exists a quick, easy and scalable alternative to eliminate fossil fuel use without serious impact on people.
Current primary energy distribution, by source, and forecasts by organizations, such as the EIA in their International Energy Outlook 2021, show that this “energy transition” is non-existent.
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Also see Liberty’s ESG report on Bettering Human Lives,
No present quantity of primary energy generated by oil or gas or coal is currently replaced by renewables.
A couple of headlines from the Liberty report that you don’t hear a lot:
- Global primary energy use is about to grow by almost 50% between 2020 – 2050, due to impoverished people rising from poverty;
- Oil consumption rises in all EIA scenarios. In their “Reference Scenario”, oil consumption rises at about 1 million barrels of oil per year for the next 30 years, almost the same steady yearly increase of the last 5 decades;
- Natural gas consumption will continue to growth through 2050.
The reason for this growth is simple: fossil fuels are abundant, cheap and efficient to provide reliable and dense energy at scale.
They have helped to generate a quality-of-life revolution for a portion of humanity, THE GOLDEN BILLION.
people in poverty who have missed out on this blessing rightfully want what you and I already have.
Sadly, few entities report on this blessing we take for granted.
Good news about renewables is breaking records, however, much of it is bogus.
There are marketing strategies/ruses renewable advocates have used that make it appear as if renewables have a larger market share than in reality: