Here’s what you need to know about the current U.S. debate on energy. Stick with me through some numbers and we’ll arrive at a very important conclusion.
According to the U.S. Energy Information Administration (EIA), the official government agency for such statistics, world energy consumption will rise by 53 percent between 2008 and 2035, mostly due to increased non-Western use. Petroleum—and this is according to Obama’s “employees,” will only decline from 34 percent in 2008 to 29 percent of the total world energy use over that period.
In other words, over the next almost quarter-century, only 14 percent of current petroleum usage will be replaced by all other fuels, including algae, nuclear, solar, vegetable, and wind. And because overall consumption is rising, oil consumption will actually rise from 85.7 million barrels a day in 2008 to 111.2 in 2035.
What does this tell us?
Despite all of the vast amounts of money plowed by government decision into alternative energy sources, the transition away from petroleum will take a century and will go very slowly. During our lifetimes, oil production will be increasing.
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