The elephant in the room that no one wants to discuss is that crude oil is the foundation of our materialistic society as it is the basis of all products and fuels demanded by the 8 billion on this planet.
World leaders are not cognizant enough to know that wind turbines and solar panels only generate occasional electricity but manufacture no products for society and have no plans for the replacement of the supply chain of products and fuels now manufactured from fossil fuels, which are the basis on every infrastructure segment that are supporting the 8 billion on this planet!
Over the last 200 years, and the world has populated from 1 to 8 billion, we learned that crude oil is virtually useless, unless it’s manufactured (refineries) into oil derivatives that are the basis of more than 6,000 productsin our daily lives that did not exist before the 1800’s, and the fuels for the 20,000 commercial aircraft, and more than 50,000 military aircraft in the world and the 50,000 merchant shipsand the military and space programs, hospitals, communications, electronics, and mining for industrial and precious metals.
Of the three fossil fuels of coal, natural gas, and crude oil, most government officials and policymakers are unaware that the use of coal and natural gas are mainly for the generation of electricity. The third fossil fuel, crude oil, is virtually never used for the generation of........