Peter Thiel challenges Alex Epstein on Fossil Future
Power Hour with Alex Epstein
00:00
The ESG Consequences of the Oil Industry
In many ways it's already been hijacked by the ESG people and in some sense it's been heavily co-opted into it. If you have highly inelastic goods where if you increase the supply by 1% and the price goes down 10% or 20% there are extremely large incentives for manipulating the market, he says. "It's a de facto way to cartilize and turn the industry into a kind of racket"
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