No major change to energy supply

The media loves to report things like “solar energy will double” or “solar and wind are growing faster than fossil fuels.” While true, these statements are misleading because little of our energy comes from these sources, so doubling them makes no significant difference. This report http://corporate.exxonmobil.com/en/energy/energy-outlook/download-the-report/download-the-outlook-for-energy-reports supplies ExxonMobil’s best assessment of where we are and where we are likely going with respect to energy. I doubt their predictions are perfect, but I would wager they are close. The main takeaway is there is not going to be a major change in our energy infrastructure or energy supply mix over the next 25 years. It is possible that growth in carbon dioxide emissions will slow, but it is inevitable that emissions will be higher in 2040 than they are today.

It is also clear that we are not going to run out of coal, oil and natural gas. These are abundant today and they will still be abundant in 2040. Given the very high quality of available modern emissions control equipment for true pollutants, like sulfur dioxide and mercury, and recent low estimates of equilibrium climate sensitivity to a doubling of carbon dioxide (ECS) there is little evidence that fossil fuels are a problem today or in the foreseeable future.

Andy May, Petrophysicist  https://andymaypetrophysicist.com/

About budbromley

Life sciences executive
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