The looming energy catastrophe
By Ronald Stein
Please view and share the 5-minute energy literacy briefing video
Please enjoy and share this educational energy literacy briefing, a 5-minute video by Costa Mesa Brief at a California Chevron gas station. The video talks about the outrageous gas prices and tells us what is behind the increases, where it is heading and what, if anything, we can do about it. I think you will find his no-nonsense approach and perspective unique, sobering and very informative.
The video explains the impact on fuel prices from California government-imposed reductions in the supply chain of crude oil has increased imported crude oil from foreign countries from 5% in 1992 to more than 60% today of total consumption. Biden’s pledge stating, “we are going to get rid of fossil fuels,” is impacting fuel prices.
At today’s price of crude oil well above $100 per barrel, the imported crude oil costs California more than $150 million dollars a day, yes, everyday, being paid to oil-rich foreign countries, depriving Californians of jobs and business opportunities, and forcing drivers to pay premium prices for fuel.
Californians are consuming more than 50 million gallons of fuel daily for its 35 million vehicles, which is slightly more than one gallon per day per vehicle.
Californians continue to pay more than $1.00 more per gallon of fuel than the rest of the country primarily for the State, Federal and Local taxes, and the Government environmental compliance programs such as the Low Carbon Fuel Standard (LCFS), Cap and Trade, Renewable Fuel Standard (RFS), and the Underground Storage Tax. Those costs ‘dumped” onto the posted price at the pump are not transparent to the public.
The demand for fuels to move the heavy-weight and long-range needs of more than 50,000 jets for the military, commercial, private and the President’s Air Force One, and the more than 50,000 merchant ships that move products throughout the world are also manufactured from the supply of crude oil.
Life Without Oil is NOT AS SIMPLE AS YOU MAY THINK as renewable energy is only intermittent electricity from breezes and sunshine as NEITHER wind turbines nor solar panels can manufacture anything for society. Climate change may impact humanity, but being mandated to live without the more than 6,000 products and the various fuels manufactured from crude oil will necessitate lifestyles being mandated back to the horse and buggy days of the 1800’s. Life without crude oil could be the greatest threat to civilization’s eight billion residents, resulting in billions of fatalities from diseases, malnutrition, and weather-related deaths.
When the public continues to demand increasing needs for the transportation fuels and the products made from crude oil, limiting its supply by governments and the Environmental, Social and Governance (ESG) movement to manufacture those items is a guarantee for today’s shortages and inflation.
Ron Stein is an engineer who, drawing upon 25 years of project management and business development experience, launched PTS Advance in 1995. He is an author, engineer, and energy expert who writes frequently on issues of energy and economics.