The George C. Marshall Institute has recently released a study on fossil fuels and the economic well-being, http://marshall.org/energy-policy/fossilfuel-energy-and-economic-wellbeing. It describes why energy is an essential input to economic activity. Because fossil fuels are such a large part of the world’s energy supply, they play a dominant role in enabling people everywhere to enjoy a […]
Articles Tagged: Carbon Dioxide
Although the media give a great deal of coverage to electric vehicles, advances in battery technology and nonconventional modes of transportation, both the International Energy Agency and the Energy Information Administration (EIA) project that the consumption of liquid fuels — oil and gas — will continue to increase over coming decades. The increase in natural gas consumption will be primarily for electric power generation. Crude oil is refined primarily into transportation fuels — gasoline, diesel and jet fuel — almost 80 percent.