The chart below shows how the world gets its energy. This chart is for 2011, but it is typical of every year.
Fossil fuels (oil, natural gas, and coal) account for 87.1% of the total energy consumed. Clearly, fossil fuels dominate, but there are good reasons for it.
Benefits of fossil fuels:
- They are plentiful. The world still has diverse and abundant supplies of crude oil, natural gas, and coal. While there are certainly fewer reserves than there used to be, we are not imminently in danger of running out.
- They are economical. The biggest reason that alternative fuels haven't displaced fossil fuels is that fossil fuels are cheaper.
- They are well established. Entire industries and infrastructures are built around fossil fuels. It's going to take a lot of time, effort, and initiative to break out of this box.
Yet, fossil fuels also have drawbacks:
- They will run out. Unless something changes, society will eventually deplete the world of its fossil fuels.
- They are concentrated in certain parts of the world. Vast amounts of oil, gas, and coal are controlled by a handful of countries. These countries that have abundant fossil fuel resources are typically wealthy, and the countries that don't have them are dependent upon those that do.
- They contribute to climate change. Burning fossil fuels releases carbon dioxide, and there is ample evidence that over a century of doing this has affected global climate patterns. Although no one knows when, eventually there will be a reckoning.