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#495 - Alex Epstein - The World Needs More Fossil Fuels, Not Less
Modern Wisdom
Fuel and Energy Prices Still Pretty Wild at the Moment
Oil and natural gas prices have been going up around the world, which has implications for food shortages. Coal prices also are at very no recent hihs. There is a record amount of enthusiasm for supply during pandemic because there was this lie that demand would go down so it'll always go down. The number one, most influential moral movement in the world is focused on eliminating fossil fuels. If we won't be developing new energy sources by 20 22 then we shouldn't hit these targets. And what you saw with oil went down 50% from 20 11 to 20 21. Now it's only 9%. Imagine that.
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