Issue No3: The World Needs to Quickly Stop Using Fossil Fuels….Not So Fast!

Authors Note: To view the charts, read this article on a large screen.And, if you’d prefer to listen instead, click on the green arrow above.

My goal in writing this series is to inject a much-needed reality check into the transition process as we move away from fossil fuels. We need an orderly energy plan that ensures that we are not dependent on oil or natural gas imports from anyone, while working concurrently on an accelerated plan to build-out the needed renewable infrastructure. If you have read my previous issues, you understand the critically important national security implications of continuing down our current naïve path of demonizing our domestic oil/gas industry.

The current Russian invasion of Ukraine has confirmed how convoluted both our current energy policy is and how important that we quickly re-think it. 1n 2021, according to CNBC, the US imported $4.7 billion of Russian oil and gas, the highest amount in 10 years. It represents 3% of our oil and 8% of our domestic needs. This is absurd! Unfortunately, the US is not alone in demonstrating a lack of reality-based planning. Germany is the latest European poster child for naivete regarding this matter.

Issue No1 dealt with the transportation sector and Issue No2 the electric generation sector…