Thread by @AlexEpstein

As the great @MarkPMills points out in his @WSJopinion piece on the physical requirements of the promised "green energy" transition, "there are no plans to fund and build the necessary mines and refineries." Once again we see the inherent idiocy of government-dictated energy. 🧵

"The IEA finds that with a global energy transition like the one President Biden envisions, demand for key minerals such as lithium, graphite, nickel and rare-earth metals would explode, rising by 4,200%, 2,500%, 1,900% and 700%, respectively, by 2040." --@MarkPMills

"The world doesn’t have the capacity to meet such demand. As the IEA observes, albeit in cautious bureaucratese, there are no plans to fund and build the necessary mines and refineries. The supply of ETMs is entirely aspirational." --@MarkPMills

wsj.com/articles/biden…

"Spooling up production can’t happen overnight. The IEA observes something every miner knows: 'It has taken on average over 16 years to move mining projects from discovery to first production.' Start tomorrow and new ETM production will begin only after 2035." --@MarkPMills

"'Mining and mineral processing require large volumes of water'—a serious issue when around half of global lithium and copper production takes place in areas of high water stress" --@MarkPMills

wsj.com/articles/biden…

Today's amazing energy production--low-cost, on-demand, versatile energy for billions of people in thousands. of places--was made by millions of smart, free people collaborating and competing with one another. Not a handful of government energy dictators.

All the government-dictated "energy plans"--by academics, politicians, or climate catastrophist groups--are pretentious frauds, created by people whose ideas have never worked on any scale, let alone a global scale. And most of whom you wouldn't trust to run a 7-11.

Even when a really smart businessperson like Elon Musk claims to be able to dictate our energy future, they have no idea what they're talking about--as I documented last week with the $400 trillion in batteries one of Musk's fantasies would require.

https://twitter.com/AlexEpstein/status/1390319592753401863

Another debunking of government-dictated "energy plans" can be found in Michael Cembalest of JP Morgan's rigorous 2021 energy paper. See page 18 where he shows how Princeton and MIT "energy plans" do not account for the realities of building transmission. privatebank.jpmorgan.com/content/dam/jp…

The next time you hear about some great "energy plan," ask "Why don't you make it work for one large company, let alone town, let alone city, then get back to me?" Anyone who can't do that, but demands the power to dictate the entire economy, is crank and a destroyer.

To learn about energy freedom, the key to real energy planning, go to EnergyTalkingPoints.com.