By Ronald Stein ~
Energy growth, electricity AND the products made from oil derivatives manufactured from crude oil and the fuels to power ships, planes, militaries, and space programs, are directly linked to prosperity and well-being across the globe.
Today, most of the energy the world consumes is from hydrocarbons, with crude oil being the dominant source of transportation fuels. Today, crude oil is the ONLY source for the oil derivatives manufactured from crude oil that makes more than 6,000 products for society.
President Biden’s U.S. Energy Information Administration (EIA) projections are that world energy consumption of crude oil, coal, natural gas, electricity from renewables, and nuclear will grow by 56 percent between 2010 and 2040. Without any replacements or clones to what fossil fuels can provide the EIA forecasts that fossil fuels will continue to supply nearly 80 percent of world energy use through 2040
President Biden and Sacramento…
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