At today's Congressional hearing, Rep. @AOC advocated shutting down "tomorrow" the reliable, resilient coal plant that provides *20%* of electricity-challenged Puerto Rico's electricity.

I tried to convince her that this would be beyond devastating to the people of Puerto Rico.
I tried to make clear on my Whiteboard of Justice to @AOC, @RepKatiePorter, and others advocating a rapid shutdown of coal--a reliable 20% of electricity--in favor of "renewables," that "renewables" provide a mostly-unreliable *2.5%* of PR electricity.
Written testimony: "To provide low-cost, reliable electricity in Puerto Rico, fossil fuels are...crucial--along with massive regulatory reform that enables low-cost natural gas and/or coal to replace the very expensive oil-based power plants that dominate Puerto Rico today."
"Oil is a far more expensive fuel than natural gas or coal, and is best used for transportation--where its unique "energy density" makes it unrivaled. But because of myriad bad policies, oil provides almost half of PR’s electricity..."
"But instead of pursuing reforms that would enable Puerto Rico to benefit from low-cost, reliable natural gas and/or coal electricity, the government of Puerto Rico is trying to outlaw these vital sources--and many on this committee are telling them to do it faster."
"The PR Energy Public Policy Act (PREPA) requires 40%...renewables by 2025, and 100% by 2050. These targets will absolutely not be met, just as such targets are failing around the world--but pursuing them at all makes electricity even more expensive and less reliable."
"We should be telling PR to abandon this suicide pact. But many on this committee are telling them to almost immediately shut down their most...resilient source of electricity--a coal plant, which survived...Maria and last year’s earthquakes, that provides 1/5 of PR electricity."
"PR is already desperately short of generating capacity, with a recent earthquake destroying...significant amounts of natural gas generation....without the coal plant, the grid will turn to its already overtaxed oil-based power plants, guaranteeing...even more blackouts."
"The alleged justification for the rapid shutdown of this vital plant is issues with coal ash. But many places...deal with coal ash just fine. If a real, unbiased scientific study demonstrates a real problem, fix the problem--don't further destroy PR's terrible grid."
"While PR needs to completely reject all fossil fuel elimination policies, it also needs radical regulatory reform to rid itself of the many destructive regulations that are holding it back. One reform it should push for is exemption from the Jones Act..."
If anyone reading this knows @AOC, please encourage her to take 10 minutes to read my written testimony. I believe she really does care about Puerto Rico, but she has absorbed dangerously delusional views about energy that will end up killing many people.

energytalkingpoints.com/alex-epstein-c…
Dear Rep. @AOC,

I think you care about the people of PR but have been tragically misinformed by your advisors about its energy needs.

So today at 3:30 ET, I will do a webinar refuting every energy claim you made yesterday. DM me for the link. Also open to media and politicians.
@AOC Dear Rep. @AOC,

Since you didn't ask me any questions and left our hearing in Congress before my closing statement yesterday, I recorded this 34-minute video definitively refuting every energy claim you made.

Please watch it and then do what's right.

After our PR hearing I looked into the @Siemens report that @AOC claimed supported an immediate shutdown. In fact Siemens did not even consider a shutdown till 2027. And admitted that it would raise costs!

Here's the proof, beyond any reasonable doubt.

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More from @AlexEpstein

30 Jun
Today I will testify at a Congressional hearing about energy in Puerto Rico. The hearing begins at 10 am ET.

While the hearing's organizers seek to rapidly eliminate fossil fuel use in PR, I will make the case for liberating and expanding it.

THREAD
youtube.com/user/NaturalRe…
"Thank you for the honor of testifying before this committee. What I will say today may shock many of you. My views on energy are indeed unconventional, but I hope you will hear me out with an open mind since we share the same goal: a prosperous and flourishing Puerto Rico."
"I want to make the case that the one thing that will most help the people of Puerto Rico lift themselves out of crushing poverty is the thing many of you believe should be eliminated: low-cost, reliable, fossil fuel energy."
Read 22 tweets
23 Jun
I am a big believer that we should not just criticize terrible things but also offer a positive alternative.

So today I am offering a positive alternative to the terrible phenomenon of ESG.

Introducing LVC -- Long-term Value Creation.

THREAD
The primary purpose of a publicly-traded company, according to LVC, is to increase shareholder value by *engaging in long-term value creation*--including mutually-beneficial relationships with one's trading partners and communities, as well as high ethical standards.
ESG says companies should serve "stakeholders"--an overly-broad term that includes committed enemies.

LVC says companies should pursue mutually-beneficial relationships, specifically with trading partners and communities, *in order to serve shareholders.*
Read 8 tweets
10 Jun
The ESG divestment movement poses as a long-range, financially savvy, and moral movement. In reality it is a short-range, financially ruinous, and deeply immoral movement that perpetuates poverty in the poorest places and threatens the security of the free world.

THREAD
Over the last 5-10 years, "ESG"--standing for Environmental Social Governance--has gone from an acronym that virtually no one knew or cared about, to a cultishly-embraced top priority of financial regulators, markets, and institutions around the world.
The preposterous financial pretense of "ESG investing" is that the promoters of it have so accurately identified universal norms of long-term value creation--Environmental norms, Social norms, and Governance norms--that imposing those norms on every company is justified.
Read 27 tweets
4 Jun
The National Association of Regulatory Utility Commissioners (@NARUC) has published a damning study of California's embrace of unreliable solar and wind, which has caused blackouts and will cause many more.

But the study's language is way too mild. So I will translate.

🧵
"California’s rapid and ongoing growth of intermittent resources like wind and solar has flourished, while baseload and dispatchable resources have declined."

= California cannot produce much of its needed electricity on demand.
"Significant loss-of-load events...often result from a combination of factors…. including: actual loads exceeding forecasts; significant variability in wind and solar output; reduced imports from neighboring states"

=

Many more blackouts as other states embrace unreliables.
Read 8 tweets
25 May
IEA falsely claims it has done the "first comprehensive study of how to transition to a net-zero energy system by 2050 while ensuring stable and affordable energy supplies, providing universal energy access, and enabling robust economic growth." Check out @pwrhungry's expose.🧵
Green energy "models," @pwrhungry observes, ignore "myriad supply-chain problems...would come from attempting a massive increase in the use of solar panels, including the sourcing of polysilicon from China, and in particular, from Xinjiang province..."

realclearenergy.org/articles/2021/…
Green energy "models," @pwrhungry also observes, ignore "the difficulty inherent in trying to string the hundreds of thousands of miles of high-voltage transmission lines that will be needed to connect wind and solar projects in rural areas to distant cities."
Read 19 tweets
15 May
Bitcoin stands for honest money.

Thus it is sad to see many advocates of Bitcoin, in the name of deflecting "green" criticism, buy into the massive dishonesty that the parasitical solar/wind/offset "industry" has been perpetrating for years.

Some correctives...🧵
Q: Aren't solar and wind cheap?
A: Solar and wind are "unreliables" that depend on reliable fossil fuel, nuclear, and hydro infrastructure. They don't replace the cost of fossil fuels, they add to the cost of fossil fuels. More solar+wind = higher prices.

energytalkingpoints.com/energy-q-a/
Here's how the "100% renewable" fraud works.

forbes.com/sites/alexepst…
Read 12 tweets

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