Looking back at the history of the petroleum industry, it illustrates that the black cruddy looking crude oil was virtually useless, unless it could be manufactured (refineries) into oil derivatives that are now the basis of chemical products, such as plastics, solvents, and medications, that are essential for supporting modern lifestyles. The more than 6,000 products that are based on oil are being used for the health and well-being of humanity and the generation of electricity did not exist a few short centuries ago.
Today, we have more than 50,000 merchant ships, more than 20,000 commercial aircraft, and more than 50,000 military aircraft that use fuels manufactured from crude oil. The fuels to move the heavy-weight and long-range needs of jets moving people and products, the merchant ships for global trade flows, and the military and space programs are also dependent on what can be manufactured from crude oil.
For aircraft and ships, just like that, for the diverse options for the generation of electricity, they all utilize parts and components made from the oil derivatives manufactured from raw crude oil.
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As a refresher of the limitations of wind and solar to achieve net-zero emissions, they do different things than crude oil.
- Wind and solar renewables only generate occasional electricity but cannot manufacture anything. The problem with renewable electricity from wind turbines and solar panels is that they don't work most of the time, and thus are unreliable for "just electricity"!
- Then there is "the nameplate farce" of those renewables. There should be financial penalties for the subsidies and tax credits provided to wind and solar power plants for their inability to deliver at least 90 percent of their permitted nameplate ratings on an ANNUAL basis, like their backup competitors of coal, natural gas, and nuclear power plants that provide continuous uninterruptable electricity.
- Of the three fossil fuels, coal and natural gas are used to generate electricity, but the third, crude oil, is virtually never used to generate electricity. However, when crude oil is manufactured into petrochemicals, it is the basis for virtually all the products in our materialistic society that did not exist before the 1800's.
From this quick refresher, conversations are needed to discuss the difference between just ELECTRICITY" from renewables and the "PRODUCTS" that are the basis of society's materialistic world.
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About the Authors
Ronald Stein is co-author of the Pulitzer Prize nominated book Clean Energy Exploitations.
He is a policy advisor on energy literacy for the Heartland Institute,
and the Committee for a Constructive Tomorrow, and a national TV
commentator on energy & infrastructure with Rick Amato.
Tom DeWeese is one of the nation's leading advocates of private property and individual liberty. He is the National Grassroots Coordinator for CFACT, and author of the book, Sustainable, the WAR on Free Enterprise, Private Property and Individuals, and President of the American Policy Center.