Replacing the World’s Fossil Fuels
U.S. progressives are convinced that fossil fuels must be replaced with renewables by 2050. The IEA even has a plan to do it. How will this work? Unlike progressives we value observational data over ideology, so let’s examine the data. According to ExxonMobil’s 2021 Outlook for Energy the world consumed 89.4 BBOE (billions of barrels of oil equivalent) of primary [...]