Alex Epstein

@AlexEpstein ↗

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Last Checked Sept. 20, 2022

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Wed Sep 14 15:37:20 +0000 2022

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Alex Epstein @AlexEpstein

The IRA adds numerous taxes and restrictions on fossil fuels that will increase the cost of producing them. These include new or higher taxes on crude oil, on natural gas, on drilling on federal lands—all during an energy crisis where fossil fuels are desperately needed. — PolitiTweet.org

Posted Sept. 14, 2022

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Alex Epstein @AlexEpstein

At the same time the IRA is promoting the shutdown of reliable electricity generation, it is—insanely—promoting far more use of electric cars via subsidies. California recently previewed the IRA by telling citizens there wasn’t enough power for EVs even at 3% market penetration. https://t.co/BjUc25ZdFt — PolitiTweet.org

Posted Sept. 14, 2022

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Alex Epstein @AlexEpstein

Not only does the IRA make energy more expensive by restricting fossil fuels directly, it does much more damage *indirectly* by giving much more money/power to anti-fossil-fuel bureaucrats and activists—who will eagerly restrict fossil fuel investment, production, and transport. — PolitiTweet.org

Posted Sept. 14, 2022