Friday, June 03, 2011

Even Salon Says Everything You Know About Energy Is Wrong

This article buy Michael Lind, at Salon no less, is a good and informative read and consistent with everything I've been saying about wondrous, glorious hydrocarbons for quite some time now. This revelation by Lind though is really old news, the worm has already turned and nations that have taken a serious and sober look at the future have already committed and started preparing for our glorious hydrocarbon-based future. If you look closely this realization is already embedded in most of the major economic action around the world. Here is just a short list of countries that matter that are placing big bets - tens of billions worth of bets - on hydrocarbons: Brazil, Canada, China, India, Australia. And here is a list of countries that matter less and are making smaller bets, but on their scale these bets are essentially "all in" bets: Iraq, Angola, Uganda, Ghana, Madagascar, Israel. And here is a list of countries where it is either hydrocarbons or death (literally the death of their country): Russia, Venezuela, Saudi Arabia, Iran, Norway, UAE, Kuwait, Nigeria, Mexico.

Hydrocarbons are for some survival and for some the road to national greatness. Leftists in Europe and the USA may still harbor delusional beliefs over the coming ascendence of alternative "renewable" energy sources, but leftists elsewhere are instead getting giant oil fields named after them. Our dalliance with renewables, while not "over" is more or less stalling out and will fade under the weight of economic reality in coming years.

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