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Alex Epstein @AlexEpstein
The anti-fossil-fuel movement has the gall to chastise the FF industry for not sufficiently ramping up production post-pandemic and post-Putin-invasion. But this insufficient ramp-up is the result of FF policies that restrict and punish new attempted production! — PolitiTweet.org
Alex Epstein @AlexEpstein
Today’s high fossil fuel prices are not primarily a "Putin price hike." They are caused by global anti-fossil-fuel policies—which made fossil fuel prices artificially high before Putin’s war and prevented the free world from quickly increasing production in response. — PolitiTweet.org
Alex Epstein @AlexEpstein
Instead of admitting that suppressing fossil fuel investment, production, and transport in a world that needs far more energy is clearly responsible for today’s crisis, today’s anti-FF establishment is denying this by placing primary blame on Putin and (absurdly) the FF industry. — PolitiTweet.org
Alex Epstein @AlexEpstein
Trend 3: The anti-fossil-fuel establishment is in denial In the face of clear evidence that FFs’ fundamentals are strong and that anti-FF policies have caused a crisis, the anti-FF establishment is playing a denial game. This may (and should) further discredit it. — PolitiTweet.org
Alex Epstein @AlexEpstein
Recommendation: Be wary of *all rosy claims about alternatives* from anti-fossil-fuel "experts." To my knowledge not one of these people warned that anti-FF policies would cause an energy crisis. Their thinking has demonstrably been distorted. And most are unrepentant… 👇 — PolitiTweet.org
Alex Epstein @AlexEpstein
For the last decade, the idea of rapidly eliminating fossil fuel use was considered reasonable by the (misinformed) public. Now that a sliver of that agenda has caused a global crisis, people around the world are waking up and beginning to demand more pro-fossil-fuel policies. — PolitiTweet.org
Alex Epstein @AlexEpstein
The world is now seeing the consequences of *just a small sliver* of the net-zero agenda: * Wealthy Europe is experiencing mass-hardship, deindustrialization, and fear of winter. * Poor nations, e.g., Bangladesh, are being outbid for today’s scarce energy supplies. https://t.co/wkGcbRS0yC — PolitiTweet.org
Alex Epstein @AlexEpstein
While the anti-fossil-fuel movement has not come anywhere near achieving its goal of rapidly eliminating FF use, just by *slowing the growth of FF use* it has caused a global energy crisis in which the world hasn’t been able to handle post-pandemic demand + less Russian energy. — PolitiTweet.org
Alex Epstein @AlexEpstein
For the last 15+ years, the anti-fossil-fuel movement has successfully restricted FF investment, FF production, and FF transport on the false grounds that 1) FFs’ climate impacts were an "emergency" and 2) unreliable solar/wind could rapidly replace FFs. — PolitiTweet.org
Alex Epstein @AlexEpstein
Trend 2: Anti-fossil-fuel policies are causing a global crisis Restrictions on FF investment, production, and transport have artificially restricted supply, while promises that demand would be replaced by alternatives have proved false. And much of the voting public knows this. — PolitiTweet.org
Alex Epstein @AlexEpstein
Recommendation for investors: Be on the lookout for opportunities in the fossil fuel space that others are missing because they’re underestimating the superior fundamentals of fossil fuels. Just make sure you can navigate the political risk. And that risk might be going down. 👇 — PolitiTweet.org
Alex Epstein @AlexEpstein
Summary of Trend 1: Fossil fuels will continue to have fundamental advantages due to 1) their unique cost-effectiveness and 2) the world's need for much more energy. — PolitiTweet.org
Alex Epstein @AlexEpstein
Fundamental: The world desperately needs more energy. Billions of people lack the cost-effective energy they need to flourish. 3B use less electricity than a typical American refrigerator. 1/3 of the world uses wood/dung for heating/cooking. *Much more* energy is needed. https://t.co/BrZwAjDs2O — PolitiTweet.org
Alex Epstein @AlexEpstein
Recent price spikes in fossil fuels do not reflect some new lack of cost-effectiveness on the part of FFs, but rather the devastating effects of "green energy" efforts to artificially restrict the supply of FFs on the false promise that unreliable solar/wind can replace them. — PolitiTweet.org
Alex Epstein @AlexEpstein
Fundamental: Solar/wind, the politically favored alternative, has intractable problems with cost (unreliability requires costly infrastructure duplication), versatility (only electricity) and scalability (depends on "reliables" and diluteness causes unprecedented material needs). — PolitiTweet.org
Alex Epstein @AlexEpstein
Fossil fuels are uniquely cost-effective due to: 1: Physical attributes: natural storage, concentration, and abundance—a combo currently shared only by nuclear 2: Generations of innovation + work by industry—which nuclear hasn’t had, mostly because of its near-criminalization — PolitiTweet.org
Alex Epstein @AlexEpstein
Fundamental: Fossil fuels are uniquely cost-effective, a combo of: 1) affordable 2) reliable—available when needed, in the quantity needed 3) versatile—able to power every type of machine, not just electrical 4) scalable—for billions of people in thousands of places — PolitiTweet.org
Alex Epstein @AlexEpstein
Fossil fuels provide 80+% of the world's energy and are still growing, despite 1) decades of intense competition from alternatives and 2) worldwide cultural and political hostility. Clearly there are some strong fundamentals at work here. — PolitiTweet.org
Alex Epstein @AlexEpstein
Trend 1: Fossil fuels’ fundamentals remain strong Despite a decade of claims that we are in an "energy transition" in which fossil fuels will be rapidly replaced by superior, mostly solar/wind alternatives, FFs have fundamental strengths that are not replaceable anytime soon. — PolitiTweet.org
Alex Epstein @AlexEpstein
While I can’t make precise price or policy predictions (can anyone?), I can use my knowledge of philosophy, my research, and my high-bandwidth connection to politicians and industry to identify overlooked or underestimated *trends* that will shape the future of energy. — PolitiTweet.org
Alex Epstein @AlexEpstein
I also have the advantage of a research team that also avoids the many philosophical errors today, as well as constant interactions with leaders in politics and industry so that I have firsthand exposure to these worlds rather than second-hand, often distorted accounts. — PolitiTweet.org
Alex Epstein @AlexEpstein
I’m an energy expert with a 15-year track record of correctly predicting major trends: "peak oil" wouldn’t happen, fossil fuel demand would grow, climate danger would decline, "green energy" policies would be deadly. Unlike most "experts," my analysis of the future is credible. — PolitiTweet.org
Alex Epstein @AlexEpstein
5 trends shaping the future of energy 1. Fossil fuels’ fundamentals remain strong 2. Anti-FF policies have caused… https://t.co/UQc5LB4zEm — PolitiTweet.org
Alex Epstein @AlexEpstein
“As Europe is illustrating, there is no near-term replacement for fossil fuels for the 1/4 of the world that uses abundant energy—let alone the 3/4 of the world that doesn't.” https://t.co/2JLpk3AKUA — PolitiTweet.org
Alex Epstein @AlexEpstein
#FossilFuture https://t.co/Ypq2cLAleN — PolitiTweet.org
Alex Epstein @AlexEpstein
"But the end of the Maldives... could come sooner if drinking water supplies dry up by 1992, as predicted." - The Canberra Times, 1988 #Catastrophizing https://t.co/1DFFDNFaio — PolitiTweet.org
Alex Epstein @AlexEpstein
Get #FossilFuture: https://t.co/KvYDUsRB55 Watch the entire interview with @ChrisWillx on the Modern Wisdom Podcast: https://t.co/PEJOvDlPEs — PolitiTweet.org
Alex Epstein @AlexEpstein
“the distance between the people that are pushing these policies and implementing them and how it's going to impact them, and the people that it's genuinely going to make a ton of an impact on…That was the most compelling part of it for me.” – @ChrisWillx https://t.co/RiqobzwYYI — PolitiTweet.org
Alex Epstein @AlexEpstein
Get #FossilFuture: https://t.co/KvYDUsRB55 Watch the full interview with @glennbeck: https://t.co/JqUjNMVWx3 — PolitiTweet.org
Alex Epstein @AlexEpstein
“[An energy crisis is] this combination of you become poorer, but also you are in a society that is disintegrating. Look at Sri Lanka and other places where you have these riots.” With @glennbeck https://t.co/X1n27i0R5W — PolitiTweet.org
