Responsible Transitioning from Fossil Fuels
November 23, 2021
Article by Jeffrey Price
We at First Keystone are supportive of taking steps towards a greener economy in West Texas, the U.S., and the world. With the exception of a few mega-economies, such as the U.S. or China, no one state or company can accomplish much more than a spoonful in a bucket, but that limitation should not function as an excuse for doing nothing. And, we at First Keystone are going to do what we can to contribute to that goal. It may sound trivial, but our latest line of industrial buildings to rent or buy come equipped with 220V external receptacles to enable the set-up of EV charging stations.
But, what’s the point I’m making right now? It’s this: There are no magic bullets, and a transition to a significantly greener approach to energy generation is not going to occur without a full-blown plan that works at the local level, national level, and worldwide.
In this installment, we would like to share with you the thoughts of the Editorial Board at the esteemed magazine, The Economist (October 16, 2021 issue). As is the norm with this level-headed publication, they caution the world that severe shortages of critical forms of energy are right around the corner. And when they emerge, significant economic and even health repercussions are going to emerge. They caution that politicians waving their magic wands and declaring goals of 50% renewables by 2030 or whatever cannot be achieved without a transition plan. And, prematurely forcing a detachment from legacy systems – that involve hydrocarbons – will backfire without a concomitant replacement with comparable levels of alternative energies.
We will not comment on the replacement schemes, but we will point out that hydrocarbons are absolutely here for decades to come until the many, many trillions of dollars necessary to change out energy infrastructure have been properly deployed.
So, check out this editorial from The Economist and let us know your thoughts! But while pondering all of this, remember that First Keystone is a supplier of state-of-the-art industrial warehouses for rent or purchase in the vital Pecos, Texas region! Our industrial buildings (to rent or for sale) are state-of-the-art energy efficient and we aim to keep America energy independent. We are Part of The Solution!