Powerline 7/2/2023
We are told constantly that the world is in the midst of a transition from fossil fuels to “green” energy. “News” outlets commonly report this as fact. But in reality, no such transition is underway, nor will it ever be.
Robert Bryce, one of the country’s top energy experts,
explains; see original for links:
[T]he hard truth is this: the energy transition isn’t. The numbers from the just-released Statistical Review of World Energy show, once again, that despite rapid growth in wind and solar, those two forms of energy are not even keeping pace with the growth in hydrocarbons. That’s true both globally and in the U.S.
n absolute terms, hydrocarbon consumption grew by 110 exajoules, (EJ), while wind and solar grew by just 32 EJ. Thus, the growth in hydrocarbon use over that time frame was 3.4 times faster than what was seen in wind and solar.
And here’s the key point: hydrocarbons are prevailing despite staggering amounts of spending on wind and solar. According to a January report by Bloomberg New Energy Finance, some $6.7 trillion was spent on alt-energy globally between 2004 and 2022, with the vast majority of that, some $4.8 trillion spent on renewables. And the vast majority of that $4.8 trillion — about $4.1 trillion — was spent on wind and solar.How about the U.S.?
More:
https://www.powerlineblog.com/archives/2023/07/there-is-no-transition.php
