FACT: In 2013, 87% of global energy consumption used fossil fuels.
But what about the "green revolution" and all of the "hopium et changium" that was said to have begun on January 20, 2009? Didn't all of those strategic "investments" that President Obama and Congress made between 2009 and 2013 bend the fossil fuel curve down while driving up the nation's debt and wasting taxpayer $$$s?
According to a study by a professor of economics at Michigan State University, Mark Perry, there has been ~9k% increase in the value of goods and services available to the average American since 1800. Almost all of this increase was made with, made of, powered by, or propelled by fossil fuels. Then, beginning in the early 2000s, frackers figured out how to reduce both the cost and time it takes to drill. They have also increased the volume of hydrocarbons extracted. It seems that fossil fuels--economically and environmentally--make much more sense today than those so-called "green" solutions, especially wind and solar power.
How so? Renewables like wind and solar take up too much space and produce too little energy for the cost. Furthermore, wind and solar are entirely reliant on subsidies if they are to demonstrate any economic viabilty.
So, there's the dirty little secret: Those so-called "investments" really are subsidies to wealthy crony capitalists. President Obama and the regulators at the Environmental Protection Agency are paying them off to construct low-density, low-output, capital-intensive, land-hungry renewable energy "businesses" that never will make one dime of profit. Meanwhile, they are telling the poor--in this case, the frackers--to give up the dream of getting richer through fossil fuels that don't work.
Let the discussion begin...
To read Mark Perry's analysis, click on the following link:
"Matt Ridley: 'Fossil Fuels Will Save the World,' and Will Continue to Provide More than 81% of US Energy in 2040."