Wind and Solar Rely on Oil and Gas - Mineral Royalties

The Interdependence of the Oil and Gas Industry with Wind and Solar Power.

When discussing the future of the oil and gas industry, there is often speculation about its potential demise. However, it is crucial to understand the interconnectedness between fossil fuels and renewable energy sources like wind and solar power.

One fascinating aspect to consider is that 100% of wind and solar power generation relies on backup systems. Surprisingly, not only are all three forms of fossil fuels necessary for the manufacturing of wind and solar technologies, but 100% backup power plants, fueled by thermal power generation such as nuclear, natural gas, and coal, are essential for maintaining grid stability and reliability. This is because wind and solar power generation is intermittent and cannot be increased as necessary, especially during periods of high electricity demand or adverse weather conditions. In contrast, thermal power generation can be scaled up as needed.

To illustrate the complexity of this interdependence, organizations like ERCOT (Electric Reliability Council of Texas) provide visual representations of the intricate energy grid system.

If you are interested in learning more about the interplay between the oil and gas industry and renewable energy sources or how to receive a monthly royalty directly from a billion-dollar energy company, please feel free to contact me. Thank you.

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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA, or financial advisor and I am not giving legal, financial, or tax advice.