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All the talk of replacing oil within a generation is utterly unrealistic. 

This segment of What’s Ahead points out that more than 6,000 products are petroleum-based, ranging from refrigerators, computers, insecticides and soft contact lenses to ballpoint pens, purses, deodorants, lipsticks, perfumes and toothbrushes and toothpastes.

Moreover, actually replacing fossil fuels would be an environmental disaster. To mine the necessary minerals would mean tearing up millions of acres of pristine land and destroying the biodiversity therein.

There is also the inconvenient fact that manufacturing the wind turbines, solar panels and batteries would require using immense amounts of nonrenewable materials. Steel is not renewable. Not to mention the huge waste crisis we’d face in 20 years when all those batteries, wind turbines and solar panels wear out.

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Steve Forbes is Chairman and Editor-in-Chief of Forbes Media.

Steve’s newest project is the podcast “What’s Ahead,” where he engages the world’s top newsmakers,

Steve Forbes is Chairman and Editor-in-Chief of Forbes Media.

Steve’s newest project is the podcast “What’s Ahead,” where he engages the world’s top newsmakers, politicians and pioneers in business and economics in honest conversations meant to challenge traditional conventions as well as featuring Steve’s signature views on the intersection of society, economic and policy.

Steve helped create the recently released and highly acclaimed public television documentary, In Money We Trust?, which was produced under the auspices of Maryland Public television. The film was inspired by the book he co-authored, Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It.

Steve’s latest book is Reviving America: How Repealing Obamacare, Replacing the Tax Code and Reforming The Fed will Restore Hope and Prosperity co-authored by Elizabeth Ames (McGraw-Hill Professional).

Steve writes editorials for each issue of Forbes under the heading of “Fact and Comment.” A widely respected economic prognosticator, he is the only writer to have won the highly prestigious Crystal Owl Award four times. The prize was formerly given by U.S. Steel Corporation to the financial journalist whose economic forecasts for the coming year proved most accurate.

In both 1996 and 2000, Steve campaigned vigorously for the Republican nomination for the Presidency. Key to his platform were a flat tax, medical savings accounts, a new Social Security system for working Americans, parental choice of schools for their children, term limits and a strong national defense. Steve continues to energetically promote this agenda.

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