Among the great myths of recent years, one stands out in particular: that the world is undergoing a “great energy transition.” In fact, the world is undergoing a dramatic energy transition. It’s just not the one the left wants.
Despite hundreds of billions of taxpayer dollars being poured into wind and solar energy, we get less than 10 percent of our energy from green sources. Nothing has changed at the top over the past two decades. The more the government spends, the less we get for every dollar we give them. That’s the exact definition of a falling stock.
The REAL energy transition is moving towards natural gas. A few weeks ago, the price of natural gas fell below $2 per Metric Million British Thermal Unit, which is the lowest energy price in 20 years and probably the lowest in human history. Just a few years ago, the price in real dollars was four times as high.
As an experiment, I went to the supermarket to find out how much a 16-ounce bottle of Evian water costs today. The price I saw was $2.69 and can go up to $3. This means that natural gas is less expensive than water today.
This natural gas revolution is due to modern drilling technologies – including horizontal drilling and fracking. This technology is improving and will keep the price low for many decades to come. Drilling technology is improving faster than depletion. In other words, America’s natural gas supply is virtually unlimited – a bottomless well.
Natural gas now has all the qualities of a miracle fuel. It is abundant, made in America, burns cleanly – using natural gas REDUCES carbon dioxide emissions -, is reliable and cheap. America has natural gas supplies for at least 200 years – and probably more. We are not going to run out. Chris Wright, CEO of Liberty Energy in Denver and one of the leading experts on drilling technologies, says: “We are finding more and more natural gas as drilling technologies improve.”
Environmentalists should celebrate the natural gas revolution: It is by far the most important reason that carbon emissions in America have plummeted and our air is cleaner today than at any time in the last 100 years. At the same time, we are realizing that windmills and solar panels are far from the “clean energy” we hoped they would be. We now have graveyards full of decommissioned wind turbines made of toxic plastic and steel, which must be buried in massive landfills or dumped in the ocean. Windmills use 4,000 times more plastic than all the plastic straws in the world.
As we increasingly switch to electric and hybrid vehicles, natural gas is the obvious source of power for the batteries. In other words, natural gas can be used for all of America’s energy needs – including transportation.
Much of America’s natural gas reserves lie on federal land. President Biden and Vice President Harris have halted the leasing permits needed to find the next giant oil and gas deposits. Given that we have around $50 trillion worth of oil, gas and minerals in the mountains of the Western states, Unleash Prosperity estimates that drilling and mining these resources could generate more than $1 trillion in revenue from leases and other taxes for the American government.
So why is the climate change industrial complex against natural gas when it – combined with nuclear – is the long-term solution to all of the world’s energy needs? Instead, they are waging a war AGAINST natural gas.
Apparently because natural gas is TOO cheap and TOO plentiful. Why use natural gas when you can use expensive and totally unreliable wind power? The left is pathologically afraid of gas because it backed the wrong horse and foolishly invested hundreds of billions of dollars of its own and taxpayer money in these unproductive technologies.
The only thing that is holding back our unlimited natural gas supply is the government. We need permits for more LNG terminals, leases for drilling and pipelines so that we can transport our natural gas resources to all regions of the country and export them all over the world.
President Trump is for all of this. Mrs. Harris is openly against fracking and wants to ban it. Can you think of anything more stupid?
Developer.com
