My latest public article discusses the global energy market, including an overview of why it's rather difficult to replace fossil fuels in practice.
lynalden.com/oil-and-gas/
lynalden.com/oil-and-gas/
When we think about new energy sources, we often envision pervious ones being replaced. Like this chart, that shows the percentage of total energy consumption that each energy type is responsible for:
However, in absolute terms, new energy sources tend to be additive to previous energy sources.
The world as a whole has never previously phased out primary energy sources in absolute terms, or downgraded the energy density of its primary energy sources. So, that's not trivial.
The world as a whole has never previously phased out primary energy sources in absolute terms, or downgraded the energy density of its primary energy sources. So, that's not trivial.
Timely update on deep geothermal, which was mentioned in the energy article: wsj.com/articles/drill…
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