Kola Aluko, a Nigerian energy and aviation tycoon, founded oil trading firm Fossil Resources in 2001, then went on to become CEO of Exoro Energy- an indigenous oil exploration and production firm.
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Fossil fuel resources are large and proven reserves continue to expand, permitting supply to increase to meet rising global demand for much of this century.
However, as with all other fossil fuels the resources are not infinite and economies keep growing.
Contrary to what many people may expect, most of these technologies, which include microturbines, fuel cells and high-efficiency cogeneration, rely on fossil fuels rather than renewable-energy resources like wind or solar energy.
The fossil industry revolves around applying technology to tapping resources that are much harder to extract.
Economic activities depend on access to ecological resources including water, biomass and fossil fuels.
Unlike other parts of the country, the region has a paucity of renewable energy resources that could realistically displace its dependence on fossil fuels.
Most of those eventual transitions were fueled by the abundance of cheap energy, either in the form of abundant natural resources, slave labor, or the advent of fossil fuel beginning with coal in the British Empire after 1850.
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My (much smarter) brother Robert showed the House Natural Resources Committee on September 22 that federal subsidies related to fossil-fuel (mainly coal and natural gas) fired electricity are about 68 cents per million watts.
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Inefficient energy use is what's bad for the economy, as is the collateral damage in terms of pollution, erosion of water resources, and international security that accompanies old-school fossil fuel and nuclear solutions on the supply side.
Today is Earth Day, and it is very likely that the fact that abundant fossil fuels like oil, natural gas and coal, are natural resources, and gifts to humanity from Mother Earth herself will be lost amid all the frightful doom and gloom predictions that will be launched by environmental activists and repeated by various media outlets.
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Climate change policies also help us reduce our imports of fossil fuels and help to give us the lead in smart technologies as resources become more scarce.
In a statement posted to its website, Makani said the deal would "provide Makani with the resources to accelerate our work to make wind energy cost competitive with fossil fuels".
It helps for producing electricity, but if industrial countries like the U.S. and Europe can put in place more environmentally sound resources like nuclear energy, it would allow more developing countries to use fossil fuels for their development in the 21st century.
The environment and the country would be better off if electric powered cars and trucks dominated the roads, driving down the use of costly imported fossil fuel and making the U.S. depend more on abundant natural gas and other energy resources in the country.
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