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Opinion

DEAR CLIMATE ACTIVISTS: The Energy Needs In The REAL World Still Exist — Like It Or Not

As American attention is increasingly focused on the Middle East, it’s important to remember modern civilization is dependent on energy – low-cost energy. It started the second World War. It has caused much of the turmoil in the Middle East. And it will continue to be a factor for decades to come. Reality!

Suggesting that greed is the driving force is a deception. NEED is the driving force – which must be supported by investment, i.e., an appropriate return on the capital assets employed. (Exxon makes only 2.3% return on its market value – 2.3-cents – hardly gouging as the Socialists imply. It is unfortunate that the schoolboy media participate in these quasi-Socialistic deceptions.)

Also, historically, land was acquired by wars. Israel’s acquisition of the Golan Heights, for example, was simply based on historical precedent – to prevent attacks on their nation. Russia’s annexation of Crimea is another modern-day example.

While the United Nations has existed, supposedly, to prevent a continuation of the annexation precedent – we should not be surprised that it continues to this day. Certainly the invasion of Muslims into Europe – and to a lesser degree the United States – is simply another modern-day example of the historical invasion process. Obviously, the United States has been historically protected to a large degree by large oceans, language, currency, etc. No longer.

Unfortunately – or perhaps fortunately – the USA seems to be the only nation willing to impose a semblance of law and order on the global community. While the others talk, most Western nations are unwilling to provide the manpower and money required to stabilize national boundaries and internal practices.

Image: Modified from Unknown – http://www.worldoil.com/uploadedimages/Issues/Articles/May-2011/0511-NOCs-Terrell-Fig-01.jpg, Public Domain, https://commons.wikimedia.org/w/index.php?curid=23953330

Share if you agree we can’t just pretend the need for oil in our modern world doesn’t exist.

William Pauwels

William A. Pauwels, Sr. was born in Jackson Michigan to a Belgian, immigrant, entrepreneurial family. Bill is a graduate of the University of Notre Dame and served in executive and/or leadership positions at Thomson Industries, Inc., Dow Corning, Loctite and Sherwin-Williams. He is currently CIO of Pauwels Private Investment Practice. He's been commenting on matters political/economic/philosophical since 1980.