Fossil Fuel Reality

Over the weekend, the traditional Harvard versus Yale football game was interrupted during halftime by about 150 student activists, spontaneously joined by hundreds of fans, to protest climate change. Occupying the area around the 500-yard line, the protesters chanted “Hey, hey! Ho, ho! Fossil fuel has got to go!” The game resumed after about 30 students were arrested and the rest left.

It would be reasonable to suppose that people who manage to gain admission to Harvard and Yale are among the most gifted students in America. But when it comes to swiftly eliminating the usage of fossil fuel, have they done their homework?

Around the world, billions of people are now convinced that catastrophic climate change is inevitable if humanity continues to rely on fossil fuel. Most developed Western nations, along with the United Nations and other supranational organizations, are promoting aggressive policies to replace fossil fuel with renewable energy. While a scientific debate remains, especially with respect to the severity of the predicted climate change, it is the economic challenges relating to rapid elimination of fossil fuel that require urgent examination.

The reason for this is simple: At this time, there is no feasible economic scenario whereby worldwide fossil fuel use does not increase steadily for the next several decades. To dispute this assertion, several indisputable facts would have to be ignored. For starters, shown below is a chart illustrating just how large a percentage of global energy remained dependent on fossil fuel over the past […] Read More