The Energy Transition Isn't - Highlighted Article
From: Robert Bryce - SubStack
By: Robert Bryce
Date: July 1, 2023
Despite $4.1 trillion spent on wind and solar, they aren't even keeping pace with the growth in hydrocarbons
We are inundated with claims about the “energy transition.”
In February, E&E News, reporting on the State of the Union speech said, “President Joe Biden laid out his vision for the energy transition Tuesday night.” In March, a reporter for Politico declared “The U.S. energy transition is well underway.”
Also in March, during a speech at the CERAWeek conference in Houston, Energy Secretary Jennifer Granholm said that "As this transition progresses, our energy mix will change." Or consider the March 9 press release from the White House, which said “The Administration is continuing to implement the Inflation Reduction Act, which is already galvanizing our clean energy transition and making clean and energy efficient technologies more affordable for American families.”
I could list many more examples like the ones above. But the hard truth is this: the energy transition isn’t. The numbers from the just-released Statistical Review of World Energy show, once again, that despite rapid growth in wind and solar, those two forms of energy are not even keeping pace with the growth in hydrocarbons. That’s true both globally and in the U.S. (continue reading)