Open post

Why Electric Vehicles Don’t Spell the End for the Internal Combustion Engine

The Afternoon Campaign Update
(Because The Campaign Never Ends)

Answering reader mail. – A reader in Houston emailed me this morning ([email protected]) with an energy-related question that is very timely. Here follows the email and answer I provided:

Email:

David,

I really enjoyed listening to your appearance on the BYU podcast and reading this article:

7 Key Things To Know About Oil and Gas

Your last point contained this tidbit that caught my attention:

“The reality is that, despite the growing intervention into the auto market by electric vehicles, the demand for gasoline and crude oil in the U.S. continues to rise, and is projected to keep doing so into the future.”

  • How will the shift to electric vehicles impact the demand on Oil and Gas?
  • Roughly what % of global consumption is for vehicle fuel?
  • Do you think we’ll fully go to electric vehicles and how will this shift effect Houston’s economy in the near and far term?

I’ve got a chunk of my net worth wrapped up in my house [near Houston], and am wondering what a drop in global demand would do to all these O&G companies and the local housing market.

Your daily updates are my favorite read of every morning.  Press on!

Answer: [Edited and expanded slightly for clarity.]

The potential for EVs is wildly over-hyped in the media. The shift to EVs is far outpaced by the ongoing increases in demand for crude oil, not just in the U.S. but even moreso globally. That is not going to change anytime soon.

Why? Because that electricity to recharge them has to come from somewhere, and today mainly comes from power generated by coal and natural gas in the U.S. That’s another stark reality that is not going to change anytime in my lifetime, which I figure is another 25 years or so. [Every reliable projection – even those by the U.N. – project that fossil fuels will still account for the vast majority of global power generation in 2050.]

Here’s reality: The world has a choice where fossil fuels are concerned. First, we could burn more and more coal in power generation because it is not replaceable by intermittent power sources like wind and solar. Germany and Spain have clearly demonstrated this over the past decade, as they almost bankrupted their economies trying to do just that.

The alternative is to burn more and more gasoline in automobiles.  You cannot have a geometric leap in EVs without burning far more coal than we do today, and the alternative to burn more gasoline is a much cleaner environmental solution. It is also a far more affordable solution for consumers.

Thus, it is a virtual certainty that we will continue to burn more gasoline in internal combustion engines for the next half century, and probably beyond.

Houston’s going to be fine.

[Expansion]

Now, to expand on that a bit, here are a couple of other reasons why the world will continue to produce and consume increasing amounts of oil in the coming decades:

First, you have the fact that thousands of other products that ordinary people rely on every day are produced either in whole or in part from petroleum. From plastics to chemicals to polyester to fertilizers to makeup to toothpaste, even to the computer on which I am typing this, people all over the world are heavily reliant on a vast variety of products that use petroleum as a feedstock.

Second, look at this incredible graphic:

What amazing progress in just ten years! Here’s the simple truth: None of that progress would have been possible without oil and natural gas. The developing nations of the world need access to plentiful, scalable and affordable sources of energy in order to join modern society and elevate their people out of squalor. This can only be achieved through the use of fossil fuels.  Period.

So, bottom line, if you are worried about the oil and gas industry collapsing anytime soon, you need to find something else to worry about.

That is all.

 

 

Follow me on Twitter at @GDBlackmon

Today’s news moves at a faster pace than ever. Whatfinger.com is my go-to source for keeping up with all the latest events in real time.

 

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The GOP Surrender Caucus Holds The Fate of the Mid-terms in its Hands

Today’s Campaign Update

(Because The Campaign Never Ends)

Man, nobody could’ve seen this one coming. Oh, wait… – If it sometimes seems to you that literally nothing the “Climate Change” scammers claim ever turns out to be true, that just means you are a keen observer of actual outcomes.

For our latest example, I bring you these findings from a new study conducted by researchers at…wait for it…HARVARD!:

“In two papers — published today in the journals Environmental Research Letters and Joule — Harvard University researchers find that the transition to wind or solar power in the U.S. would require five to 20 times more land than previously thought, and, if such large-scale wind farms were built, would warm average surface temperatures over the continental U.S. by 0.24 degrees Celsius.”

Here’s another problem with wind power that states like Texas and Kansas, that are home to an array of huge wind farms that are now moving into the final years of their useful lives, are about to face:  None of these states have regulations on their books governing the retirement, dismantling and disposal of those gigantic windmills.  That’s right – unless the landowners who leased their lands had the foresight to place such requirements in their lease agreements, these 200 to 700 ft. tall eyesores could simply be left standing to rot away if the wind companies don’t want to bear the expense of removing them.

The more you know about this stuff, the less attractive it becomes, which of course is why your fake news media has desperately avoided telling you about these inconvenient truths.

Just a few weeks ago, they all said this was tantamount to treason. – Everyone does realize that the Republicans have now snookered the Democrats into demonizing the FBI, right?  The ability of these people to literally take a 180 degree turn in their rhetoric without giving it a second thought is truly breathtaking.  And hilarious.  And demented.

And now, a word from our Why You Should Be Following @GDBlackmon on Twitter sponsors:

 

You keep using that term.  I don’t think you know what it means. – One of the big news stories that the fake news media studiously ignored on Thursday was the fact that no fewer than 8 people who were in college in the Maryland area during the 1980s have written letters to inform the Senate that “The Devil’s Triangle” reference in Judge Brett Kavanaugh does indeed refer to a drinking game similar to the game of “quarters.”

Yes, friends, it turns out that the entire Democrat Senate caucus – indeed, the entirety of the depraved American Left – got duped by a fake definition of the term that someone had placed in the online “American Urban Dictionary” just days before Christine Ford testified before the Senate Judiciary Committee last week.  Remember that this entire controversy was generated by a brief reference in Judge Kavanaugh’s high school yearbook, and that no fewer than three Democrat committee members – including Feinstein and Leahy – spent their time questioning Kavanaugh on it during the hearing on national freakin’ television.

My goodness.  This is the greatest troll in the history of trolls.

Oh, hey, good of you to give us a head’s up, Steve! – This little bit of news came through at about 7:00 ET last night:

But don’t panic – a few hours after the news broke, Sen. Daines issued a statement in which he says he will be around to vote on Saturday no matter what, which presumably means his poor daughter will have to delay her nuptuals until he can fly back to Montana late in the day on Saturday.

Being the father of a married daughter myself, I admire Sen. Daines for his determination to walk his own daughter down the aisle – it’s one of the biggest moments in any Dad’s life.  But you can imagine the panic among the GOP leadership in the Senate when they learned of Daines’s potential conflict, since they only have a one-vote margin on this confirmation, and the party’s Surrender Caucus of Jeff Flake, Susan Collins and Lisa Murkowski all remain silent as of this writing on how they plan to vote.

While these fake Republicans dither, their ideological equals on the Democrat side of the aisle are deciding en masse to risk their re-elections by opposing the nomination.  North Dakota’s Heidi Heitcamp woke up Thursday morning to the reality that she’s 12 points down in the latest poll, and just gave up.  Indiana’s Joe Donnelly and Missouri’s Claire McCaskill, both locked in nip and tuck races in their states, had announced their opposition earlier in the week.  Those three seats will all most likely end up becoming GOP gains in November as a result of those decisions.

That’s if – and it remains a big “if” this morning – these three Republican squishes do the right thing and vote to confirm Kavanaugh.  If any two of them do the wrong thing and vote against, then all bets are off.  A win on this nomination will energize the GOP voter base even more than it already has been, but a loss will certainly cause many otherwise-Republican voters to toss up their hands, say “screw ’em” and just stay home.

These next two days are, as President Donald Trump would say, Yuuuuuuuuuge.

That is all.

Follow me on Twitter at @GDBlackmon

Today’s news moves at a faster pace than ever. Whatfinger.com is my go-to source for keeping up with all the latest events in real time.

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