In a sign of the times, the owner of a house in the 500 block of Washington Avenue in Alton has erected a large number of solar panels adjacent to the house. According to the U.S. Department of Energy just over 3% of the electricity used in the U.S. is solar.
Since passage of the $369 billion climate bill, those who believe we can rely entirely on “green” energy have doubled down on claims that these technologies will lower energy costs, make the U.S. energy independent and eliminate the need for oil altogether. These are the three biggest myths of the “energy transition” narrative.
First and foremost, even the Biden administration’s Department of Energy acknowledges we will need a lot of oil for decades to come. Why? Because wind and solar replace oil like hats replace shoes. Wind and solar can only generate electricity and provide no alternative to the more than 6,000 modern products made with petroleum, including 70% of the typical electric vehicle. Petroleum will also remain essential to the transportation sector far longer than “Keep It In the Ground” activists would like to admit.
Not only are electric passenger vehicles far too expensive for most Americans, replacing a fleet of predominantly diesel-fueled trucks that transport more than 70% of the goods used in this country would be a monumental task. The same can be said for electrifying the aviation, rail, excavation and maritime sectors. The continued need for oil is one reason why carbon capture — including enhanced oil recovery using carbon dioxide sequestration in oil-producing formations — is such a major component of the climate bill.
Wind and solar also make electricity more expensive for consumers, plain and simple.
When you hear renewable energy proponents claim wind and solar are cheaper than traditional energy, keep in mind they are referring to the cost at the electricity generation source. But what really matters is the cost of electricity to consumers — and wind and solar drive up consumer electricity costs because they require nearly 100% expensive and redundant backup power from hydrocarbon generation sources or batteries to be reliable. Widespread adoption of electric vehicles will only exacerbate this issue, driving up power demand on a grid that is already overwhelmed.
This explains why electricity costs in “green” Germany have more than doubled since 2000 and were nearly three times higher than the U.S. even before the European energy crisis sent costs into the stratosphere. Reuters recently reported Germany’s renewable energy mandate “has left Germany with Europe’s highest retail electricity prices and at risk of grid blackouts.” And despite trying to “go green” for 20 years, renewables are able to meet just 15% of Germany’s primary energy needs.
Which brings us to the issues of energy independence. Because of the limitations of intermittent wind and solar energy and its refusal to develop its own hydrocarbon resources, the “greenest” country on Earth is the opposite of …….