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The Davos World Impoverishment Scheme

From the Tom Woods Letter:

As you know, the worst people in the world have gathered to decide how they can further make our lives miserable.

One of my most provocative guests just returned to my show, with a brand new book that takes direct aim at one of the elites’ most cherished projects.

It’s Alex Epstein, and his book is Fossil Future: Why Global Human Flourishing Requires More Oil, Coal, and Natural Gas — Not Less.

His argument is extremely convincing, and introduces considerations most people never think about.

He recently wrote:

Fossil fuels, which provide 80 percent of the world’s energy, have and will continue to have the unique benefit of providing low-cost, reliable energy to billions of people in thousands of places — a benefit that is desperately needed in a world where some 3 billion people still use less electricity than a typical American refrigerator. Contrary to claims that solar and wind are rapidly replacing fossil fuels, fossil fuel use is still growing, while intermittent solar and wind energy, after generations on the market, provide just 3 percent of the world’s energy — and that 3 percent is totally dependent on fossil fuels, especially natural gas, for 24/7 backup. Solar and wind are nowhere near being able to replace the energy that fossil fuels provide today, let alone the far greater amounts of energy humanity needs going forward.

One of the key benefits of more fossil fuel use, I will argue, will be powering our enormous and growing ability to master climate danger, whether natural or man-made — an ability that has made the average person on Earth 50 times less likely to die from a climate-related disaster than they were in the 1°C colder world of one hundred years ago.

Because fossil fuel use is so vital to the world’s future, I will argue, today’s proposed policies to rapidly eliminate fossil fuel use would, if fully implemented, have truly apocalyptic consequences — making the world an impoverished, dangerous, and miserable place for most people. And even if fossil fuel elimination policies aren’t fully implemented — which they won’t be, given the expressed intent of China, Russia, and India to increase their fossil fuel use — even widespread restrictions on fossil fuel use that fall far short of elimination will shorten and inflict misery on billions of lives, especially in the poorest parts of the world.

I promise you will enjoy our conversation:

https://tomwoods.com/ep-2131-we-need-more-fossil-fuels/