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IPFS News Link • Energy

How Many of the World's 8 Billion Will Survive Without Fossil Fuels?

• https://www.lewrockwell.com, By Ronald Stein

From the 1800's, the fossil fuels of coal, oil, and natural gas now support more than 80 percent of the world's energy supply to meet the world's population demands for more than 6,000 products in our daily lives, made from the oil derivatives manufactured out of crude oil, that did not exist before the 1900's, and the fuels to move the heavy-weight and long-range needs of more than 50,000 jets and more than 50,000 merchant ships, and the military and space programs. To the left is a pictorial history of these energy transitions over the years.

Recent outlooks published by the International Energy Agency (IEA) and Energy Information Administration (EIA) paint a clear picture that global energy needs are going to rise significantly in the decades to come, reflecting population growth, more nations progressing out of poverty, and the expansion of transportation and technology systems worldwide. Products derived from crude oil will continue to satisfy a significant share of this growing demand.

As expected, during the recent Earth Day celebration, Leonardo DiCaprio, Jane Fonda, Matt Damon and more of the biggest celebrities leading the charge on climate change were demanding the elimination of crude oil from society. One would think that those movie stars have the intelligence to know that crude oil is virtually useless unless it is manufactured into something usable, to meet their personal demands and the demands of society, via refineries. The hydrocarbon processing industry, i.e., those refineries, have a rich history of discovery, challenges, breakthroughs, trial and error, collaboration, and success.


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