Tag Archives: fossil fuels

Expansion of wind and solar energy results in greater dependency on fossil fuels

“While it may seem counterintuitive, the expansion of wind and solar energy necessarily leads to the preservation and eventual growth in fossil fuel energy generation. This “paradox” hasn’t gone unnoticed. As good business practice, fossil fuel companies are now actively advocating for and investing in wind and solar technologies.” click here

Exactly how large are global fossil fuel subsidies?

“The expenses involved in extracting a depleting resource have to be written off as the resource is produced (depletion allowance). Some capital expenditures are allowed to be written off as expenses, rather than capitalized over time. When we drill wells, tangible drilling expenditures (items with salvage value) have to be capitalized. Intangible drilling expenditures (services and materials with no salvage value) can written off as expenses. According to the most recent EIA analysis of energy subsidies, fossil fuels received almost no net subsidies…”

Perhaps China understands that carbon dioxide is not a pollutant. Just wondering….

“….the Chinese government are realists.

They have the expertise to build coal power plants, they have the coal to supply them, and above all they have the finance.

Constructing coal plants as part of its Belt and Road strategy makes perfectly good business sense to China, as well as building influence with its client states.” click here

Fossil fuels benefit human health and environment

From the Summary:

“Fossil fuels have benefited humanity by making possible the prosperity that occurred since the first Industrial Revolution, which made possible investments in goods and services that are essential to protecting human health and prolonging human life. Fossil fuels also power the technologies that reduce the environmental impact of a growing human population, saving space for wildlife.

The IPCC and national governments around the world claim the negative impacts of global warming on human health and security, occurring now or likely to occur in the future, more than offset the benefits that come from the use of fossil fuels. This claim lacks any scientific or economic basis. The benefits of fossil fuels are nowhere reported in the IPCC’s assessment reports. The analysis conducted here for the first time finds nearly all the impacts of fossil fuel use on human well-being are net positive (benefits minus costs), near zero (no net benefit or cost), or are simply unknown.

The alleged negative human health impacts due to air pollution are exaggerated by researchers who violate the Bradford Hill Criteria and rely too heavily on epidemiological studies finding weak relative risks. The alleged negative impacts on human security due to climate change depend on tenuous chains of causality that find little support in the peer- reviewed literature.

In conclusion, the IPCC and its national counterparts have not conducted proper cost-benefit analyses of fossil fuels, global warming, or regulations designed to force a transition away from fossil fuels. The global war on fossil fuels, which commenced in earnest in the 1980s and reached a fever pitch in the second decade of the twenty-first century, was never founded on sound science or economics. The authors of and contributors to Climate Change Reconsidered II: Fossil Fuels urge the world’s policymakers to acknowledge this truth and end that war.” click here

Economics of natural gas blow past solar and wind

“At today’s costs, $1 million invested in a modern wind turbine will produce, over 30 years of operation, about 50 million kWh (kilowatt-hours). And $1 million spent on utility-grade solar panels will produce about 25 million kWh over 30 years. Meanwhile, $1 million spent on a shale rig will produce enough natural gas to generate 400 million kWh over the same 30 years” click here

The benefits of fossil fuels to human health and welfare far outweigh the costs

“IPCC and its national counterparts have not conducted proper cost-benefit analyses of fossil fuels, global warming, or regulations designed to force a transition away from fossil fuels, nor are they likely to do so given their political agendas. The CBAs conducted for this volume find the social benefits of fossil fuels exceed the costs by a wide margin. A forced reduction of GHG emissions to 90 percent below 1990 levels by 2050 would require that world GDP in 2050 be reduced to only 4% of what it is projected to be in that year. Most regulations aimed at reducing GHG emissions have costs that are hundreds and even thousands of times greater than their benefits.” click here

China remains the world’s largest coal fuel consumer

China continues to be the world’s largest user of coal fuel with its coal fuel use now climbing again with increased coal imports needed to meets its growing electricity generation.” click here