That ongoing energy transition the Biden administration and its pet journos are always hyping up — you know, the one that’s going to magically save us all from coming climate doom?
Turns out it’s completely fake.
Consider: The latest data, including that released by industry-standard the Statistical Review of World Energy, show nothing like a transition “well underway” (to quote Politico).
From 2004 to 2022, the numbers show, worldwide spending on wind and solar power totaled some $4.1 trillion.
Over that same period, global hydrocarbon usage — oil, gas, coal — increased by 110 exajoules, vs. 32 for wind and solar.
Indeed, the only year since 2010 that saw a decrease in fossil-fuel usage was 2020.
Without such extraordinary soul- and economy-crushing policies, planet-wide use of “dirty” energy is still growing faster than use of “clean” power. And the same remains true for the United States, too.
Yes, solar and wind output is growing. And that’s by no means a bad thing. But wind and solar output goes primarily to electricity, which accounts for only about a fifth of final energy demand.
In the overall picture — which includes vehicle fuel, heating and other uses — hydrocarbons remain supreme.
Green energy is also still growing at a snail’s pace. If the 4% rate of increase over the past decade holds constant, the world can’t go fully green for more than two centuries.