Energy Demand Realities

1 year ago
15

The article linked below discusses 7 realities about the scale of energy demand highlighted in Mark P. Mills' report "The New Energy Economy: An Exercise in Magical Thinking". Some of these realities include the fact that hydrocarbons currently supply over 80% of world energy, spending on alternatives to hydrocarbons has not made a significant impact on their share of global energy use, and renewable energy would have to expand 90-fold to replace hydrocarbons in two decades. Additionally, a 100x growth in electric vehicles would displace only 5% of global oil demand, replacing U.S. hydrocarbon-based electric generation would require a construction program 14-fold greater than any time in history, and eliminating hydrocarbons to make U.S. electricity would leave 70% of U.S. hydrocarbon use untouched.
https://fee-org.cdn.ampproject.org/c/s/fee.org/articles/41-inconvenient-truths-on-the-new-energy-economy/amp

Now, if you want to receive a monthly royalty check from hydrocarbons, give us a call. Thank you!

Do you have a strategy to protect your wealth from #recession #inflation #stagflation #hyperinflation #energycrisis?

We offer FREE reviews if you are evaluating an oil well drilling or re-work deal. Give us a call or send us an email.

Uncover ways to use 1031exchange #funds to #purchase a mineral property.

Visit our website. https://mineralroyaltiesgroup.com/
Listen to and like this video then Subscribe to this channel.

#oilandgas #energy #renewableenergy #offshore #oilfield #petroleum #naturalgas #energytransition #fracking #drilling #sustainability #cleanenergy #energyindustry #energyefficiency #fossilfuels #climatechange #carbonfootprint #oilprices #energynews #energysecurity

This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA, or financial advisor and I am not giving legal, financial, or tax advice.

Loading comments...