We could then stop extracting oil and the natural gas that's a byproduct of drilling.
More than a half century later, none of us can imagine our lives without plastic and other products made from the oil refining process.
We've heard the argument that we should be moving toward an economy in which we drop the fuels for transportation and power plants and drill only enough to make plastics and other products of modernity.
To use crude oil to make only consumer products and asphalt is simply not economical.
Royal tells us that refining oil to make only consumer products would "Throw the entire [refinery] model on its head." The entire market would have to be repriced.
Presidential candidate Joe Biden guaranteed during a 2019 campaign stop that "We're going to end fossil fuel." Well, he not only hasn't ended fossil fuel, the production of gasoline, the most common product of crude and of course the most hated of all hydrocarbon fuels, has increased since hitting a valley in the pandemic panic of 2020.
No one, not even the most radical green, expected Biden to end fossil fuel within a four-year term.
https://issuesinsights.com/2024/04/30/it-would-be-foolish-to-end-fossil-fuel/
No comments:
Post a Comment