The World’s Energy Problem Is Far Worse Than What We Are Being Told

World fossil fuel energy consumption per capita, based on data of BP’s 2022 Statistical Review of World Energy.

OilPrice.com: The World’s Energy Problem Is Far Worse Than We’re Being Told

* Citizens around the world can sense that something is very wrong, and it looks like the economy may be headed for a serious recession in the near term.

* The operation of our economy requires energy of the correct type and the right quantity.

* The International Energy Agency and politicians around the world have recommended a transition to the use of renewables to try to prevent climate change for quite a few years.

No politician wants to tell us the real story of fossil fuel depletion. The real story is that we are already running short of oil, coal and natural gas because the direct and indirect costs of extraction are reaching a point where the selling price of food and other basic necessities needs to be unacceptably high to make the overall economic system work. At the same time, wind and solar and other “clean energy” sources are nowhere nearly able to substitute for the quantity of fossil fuels being lost.

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WNU Editor: This is a good analysis on why high energy prices are going to be with us for a long time, and why renewal energy sources are not going to be the panacea that many say it will be.

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