Take for example the medical industry that did not exist just a few hundred years ago, that is now maintaining the health and well-being of the 8 billion now on this planet. Today, as an exercise in energy literacy, try to identify something, anything, in your doctor’s office, or the hospital, or the pharmacy, which was not made from the oil derivatives manufactured from crude oil.
President Biden has been campaigning for years for the elimination of fossil fuels. But ridding the world of oil, without a replacement in mind, would be immoral and evil, as extreme shortages of the products manufactured from fossil fuels will result in billions of fatalities from diseases, malnutrition, and weather-related deaths. Shortages of fossil fuel products would necessitate lifestyles being mandated back to the horse and buggy days of the 1800’s, and could be the greatest threat to the planet’s eight billion residents.
The ruling class in wealthy countries are not cognizant that the planet populated from 1 to 8 billion in less than two hundred years, and that population explosion began right after the discovery of oil. That growth in the population was not just based on crude oil by itself, as crude oil is useless until it can be manufactured into something useable. Today, through human ingenuity, we have more than 6,000 products currently benefiting society and fuels for the 50,000 jets moving people and products, and more than 50,000 merchant ships for global trade flows, and the military and space programs.
Sadly, the U.S. is killing fossil fuel transport pipelines, curtailing permitting of refineries and natural gas export facilities, suppressing oil and gas leasing and drilling and, worst of all, stifling longer-term investment in the industry. Driven by an all-encompassing determination to limit CO2 emissions, Europe, and now America, have declared war on fossil fuels. Meanwhile, Russia and China burn oil, gas and coal and emit greenhouse gases at levels that dwarf the West’s.