I do not know where you get your information, but you are 100% WRONG.
There is enough hydrocarbon energy to serve our needs for 200 years.
Renewables are not viable in any way. The wind/solar experiment proved they are FAILURES beyond any doubt.
Lastly, your link to “subsidies” is utter BULLSHIT. They are tax breaks. Subsidies are payments made to industries....like wind/solar.
The tax deductions given to oil/gas are no different than any other industry for an asset depreciating over time.
The issue is that demand for energy will increase “exponentially” in coming years. Mostly from China and India. So even with Fracking, there will be a diminishing supply of Nat Gas. The source I watched, claimed that we have around 40 years of Nat Gas. Coal is a different story.
Also, I agree with you about renewables — snake oil.
>>>Nuclear is the future.
Then I better remove my panels right now before they do any more harm. Your point has some validity if you consider the batteries in my crawl space and other locations cost more than panels, and don't last nearly as long. But solar with storage and portability i.e. solar fuel is just a matter of time.
There is enough hydrocarbon energy to serve our needs for 200 years.
More like 55 years. https://www.csmonitor.com/Environment/Energy-Voices/2014/0714/How-long-will-world-s-oil-reserves-last-53-years-says-BP
Renewables are not viable in any way. The wind/solar experiment proved they are FAILURES beyond any doubt.
Hey, I never said they were perfect. I said that if, hypothetically, scientists could find a way to make renewable energy cost-effective, it would be one more option on the table.
I support the free market. That means I do not believe the government has any business giving subsidies, tax breaks, or any other advantage to ANY private industry. If oil companies have depreciating assets that's their problem, not the US taxpayers'. Exxon-Mobil is a multi-billion dollar industry; they don't need any government hand-holding. Tax breaks, subsidies, whatever you want to call it, it's billions of dollars that could otherwise be spent on reducing the deficit, which currently exceeds our GDP https://usdebtclock.org/
As Milton Friedman said, "Government has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government-- in pursuit of good intentions tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player." When government tries to interfere in the economy by giving special tax breaks to some industries, it oversteps its role and gives capitalism a bad name by associating it with cronyism.