Fossil Fuels & the Economy

The economies of the world run on energy.  Fossil fuels provide the majority of the energy to fuel these economies.  Without fossil fuels, economies decline, jobs disappear, inflation balloons, and the standard of living declines. 

Industry is dependent on transportation which is dependent on gasoline and diesel fuel.  Many products including asphalt roads use petroleum.  We need gas to heat our homes.  Electric vehicles and electric heat are not the answer as the majority of the electricity used is produced by coal and gas.

Batteries to store energy are a problem.  The minerals used to produce them are often mined in countries that are not our friends.  Disposing of the old batteries is also a major problem.  At this time they cannot be recycled and disposal is a major threat to the environment. 

In France, there is a junkyard full of electric cars.  The batteries have given out, and it is too expensive to replace the batteries.  These cars sit in a junkyard because no one will take the old batteries.  They are too toxic, so they just sit and drain into the ground.  At this time there is no solution for the problem. 

The same is true for wind turbines and solar panels.  Everything wears out at some point and what do we do with it?  They are not recyclable and we don’t have or want adequate solid waste sites.  We are not addressing these problems. 

The United States has enough fossil fuel resources to supply our energy needs for hundreds of years.  We need to continue to work on identifying and refining alternative energy sources, but it will be many decades before they will be a viable and dependable source of energy. 

Restricting our production of fossil fuels has caused an increase in gasoline prices and inflation.  It also played an important part in reducing our influence to stop Putin’s invasion of Ukraine.

This political war on fossil fuels is a major part of the Green New Deal.  The climate change movement is totally delusional.  Globalists know it is a joke, but are using it to create a new world order and redistribute wealth. 

Is there climate change? Of course.  There has been since the earth was formed and will continue until the earth ends.  The delusion is to think MAN is the cause or can control it. 

I have been watching the so-called climate science for over a decade because I had friends and relatives on both sides of the issue.  I have found zero scientific facts showing man-made emissions cause climate change.  The Left avoids the issue now by saying the science is clear and no longer open to debate.

It is time we stop dancing around this climate hoax and open up fossil fuel production as we continue to work on renewable energy sources.

          

Business Fits by Terry Oliver Lee is available on Amazon as an e-book or a paperback.     http://BusinessFits.com