Quote:
Originally Posted by Supergrit
Oil and gas isn’t going ti disappear totally but it’s role in world energy is going to be a lot less. Our government over the last 40 years has messed up a great industry and it’s a little more messy now wth who is in power
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I don't see its role decreasing by any great amount. Fossil fuels will remain the dominant energy source for the world out as far as anyone can forecast, despite the fantasies of the climate cult.
In 1973, 87% of the worlds sources of energy came from fossil fuels. Today it is about 84%. So, we have reduced fossil fuel use as a percentage of the total energy use from all sources by 3% over the last almost 50 years. And growth in energy demand continues to increase year after year, with only small dips during recessionary periods. Just on the oil side, OPEC sees continued increase in oil demand out to the year 2045.
So maybe going forward we will see a small percentage increase in other sources of energy in the mix, but nothing is going to meaningfully decrease fossil fuel usage unless we have some global demand shock that lasts for years and years. If that happens, absolutely no one is going to care about climate change.