#977 Alex Epstein On Why We Need More Fossil Fuels Not Less
5/25/2022 · 58 min · transcript via mlx
Tags
Key topics
— ESG movement's flawed premises about rapid fossil fuel replacement and climate catastrophe claims obscure the real benefits of fossil fuels for human flourishing and energy poverty reduction.
— Climate-related disaster death rates have fallen 98% over the past century, driven largely by fossil fuel-powered infrastructure like irrigation, heating, cooling, and sturdy buildings—a fact rarely discussed by mainstream climate advocates.
— Solar and wind renewables currently provide only 3% of global energy, cannot reliably replace the 80% supplied by fossil fuels, and depend on battery storage costs (estimated $400 trillion to back up the world for three days) that make widespread deployment economically implausible.
— Government overregulation of nuclear energy—treating it as a criminal enterprise rather than the safest energy source by track record—has prevented cost-effective development and innovation in reactor design since the 1970s.
— Academic studies promoting rapid renewable replacement rely on three common fallacies: proposing untested technologies at massive scale, requiring unprecedented crash-program mining in hostile anti-development regulatory environments, and ignoring the present-day failures of solar and wind integration.
— Three billion people currently live in energy poverty, using less electricity than a single refrigerator, yet ESG advocates ignore both the massive unmet global energy demand and fossil fuels' critical role in human development and prosperity.
Market & price signals
— None discussed.
Actionable insights
— Read *Fossil Future* and share free resources from [energytalkingpoints.com](https://energytalkingpoints.com) with influential contacts; pre-order the book this week via [fossilfuture.com](https://fossilfuture.com) to access a 90-minute conversation between Epstein and Peter Thiel, plus additional resources.
— Advocate for decriminalization (not mere deregulation) of nuclear energy by contacting elected officials, focusing on rational endangerment standards that reflect nuclear's superior safety record compared to other energy sources.
— Evaluate energy policy and investment decisions by rigorously weighing both benefits *and* side effects of all energy sources—a principle Epstein argues is widely agreed upon but rarely practiced by mainstream climate advocates.
Episode sponsorships
Paid placements mentioned in this episode. BTC Pods is not sponsored by or affiliated with these advertisers. Links are included so you can find offers mentioned on the show.
— FTX US is the safe, regulated way to buy and sell Bitcoin and other digital assets with up to 85% lower fees than top competitors, no fixed minimum fees, no ACH transaction fees, and no withdrawal fees. FTX US is also the only leading exchange that supports both Ethereum and Solana NFTs. Download the FTX app and use referral code POMP to earn free crypto on every trade over $10. Visit https://ftx.us or download the app today.
— Brave Wallet is the first secure crypto wallet built natively in a Web3 crypto browser with no extension required. You can buy, store, send, and swap assets, manage NFTs, and connect other wallets and dApps—all from the security of the best privacy browser on the market. Download Brave at brave.com/Pomp and click the wallet icon to get started.
— BetOnline.ag is the world's largest sports betting, casino, poker, and horse racing website that accepts cryptocurrency for wagering. Visit https://promotions.betonline.ag/pomp and use promo code POMP100 to receive a 100% matching bonus on any crypto deposit with no crypto transaction fees and instantaneous, secure processing.
— Eight Sleep's Pod Pro Cover is the most advanced thermoregulation solution on the market, pairing dynamic cooling and heating with biometric tracking to improve sleep depth and duration. Visit eightsleep.com/pomp to check out the Pod Pro Cover and save $150 at checkout. Eight Sleep currently ships within the USA, Canada, and the UK.