In 2020, oil accounted for more global energy consumption than any other source — approximately 30% — and the EIA projects that, on our present course, it will remain the world’s number-one source of energy, possibly until as late as 2050. Because it’s such a carbon-intensive fuel (though less so than coal), oil was responsible for 34% of global carbon emissions in 2020 and that share is projected to rise to 37% by 2040. At that point, oil combustion will be responsible for the release of 14.7 million metric tons of heat-trapping GHGs into the atmosphere, ensuring even higher average world temperatures. More
The post The Enduring Tyranny of Oil appeared first on CounterPunch.org.
This content originally appeared on CounterPunch.org and was authored by Michael T. Klare.
Michael T. Klare | Radio Free (2022-07-28T06:00:41+00:00) The Enduring Tyranny of Oil. Retrieved from https://www.radiofree.org/2022/07/28/the-enduring-tyranny-of-oil/
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