1. They punish the free world for fossil fuel use that has made the whole world better, including safer from climate.
2. They punish poor people by taking away their freedom to use the fossil fuels they need to flourish.
🧵👇
The hottest idea emerging from the UN's COP27 climate conference, enthusiastically supported by the Biden Administration, is "climate reparations": wealthy countries paying poor countries to make up for climate-related harm.
This is an immoral idea that Congress should reject.
"Climate reparations" are based on two false assumptions:
1. Free, wealthy countries, through their fossil fuel use, have made the world worse for poor countries.
2. The poor world’s main problem is dealing with climate change, which wealth transfers will help them with.
Free, wealthy countries, through their fossil fuel use, have not made the world worse for poor countries—they have made it far, far better.
Observe what has happened to *global* life expectancies and income as fossil fuel use has risen. Life has gotten much better for everyone.
The wealthy world’s fossil fuel use has improved life around the world because by using FF energy to be incredibly productive, we have 1) made all kinds of goods cheaper and 2) been able to engage in life-saving aid, particularly in the realms of food, medicine, and sanitation.
Without the historic use of fossil fuels by the wealthy world, there would be no super-productive agriculture to feed 8 billion humans and no satellite-based weather warning systems, etc. Most of the individuals in poor countries would not even be alive today.
The wealthy world’s fossil fuel use has been particularly beneficial in the realm of climate.
Over the last 100 years, the death rate from climate-related disasters plummeted by 98% globally.
A big reason is millions of lives saved from drought via fossil-fueled crop transport.
The "climate reparations" movement ignores the fact that the wealthy world’s fossil fuel use has made life better, including safer from climate, in the poor world.
This allows it to pretend that the poor world’s main problem is dealing with rising CO2 levels.
The poor world’s main problem is *not* rising CO2 levels, it is poverty—which is caused by lack of freedom, including the crucial freedom to use fossil fuels.
Poverty makes everything worse, including the world’s massive natural climate danger and any danger from more CO2.
While it’s not true that the wealthy world has increased climate danger in the poor world—we have reduced it—it is true that the poor world is more endangered by climate than the wealthy world is.
The solution is for the poor to get rich. Which requires freedom and fossil fuels.
Every nation that has risen out of poverty has done so via pro-freedom policies—specifically economic freedom.
That’s how resource-poor places like Hong Kong, Singapore, and Taiwan lifted themselves out of poverty. Resource-rich places like Russia or Congo have struggled.
Even China, which is unfree in many ways (including insufficient protections against pollution) dramatically increased its standard of living via economic freedom—particularly in the realm of industrial development where it is now in many ways much freer than the US and Europe.
A crucial freedom involved in rising prosperity has been the freedom to use fossil fuels.
Fossil fuels are a uniquely cost-effective source of energy, providing energy that’s low-cost, reliable, versatile, and scalable to billions of people in thousands of places.
Time and again nations have increased their prosperity, including their safety from climate, via economic freedom and fossil fuels.
Observe the 7X increase in FF use in China and India over the past 4 decades, which enabled them to industrialize and prosper.
For the world’s poorest people to be more prosperous and safer from climate, they need *more freedom and more fossil fuels*.
The "climate reparations" movement seeks to deny them both.
The wealthy world should communicate to the poor world that economic freedom is the path to prosperity, and encourage the poor world to reform its cultural and political institutions to embrace economic freedom—including fossil fuel freedom.
Our leaders are doing the opposite.
Instead of promoting economic freedom, including fossil fuel freedom, wealthy "climate reparations" advocates like John Kerry are offering to entrench anti-freedom regimes by paying off their dictators and bureaucrats to *eliminate* fossil fuel freedom.
This is disgusting.
The biggest victim of "climate reparations" will be the world’s poorest countries, whose dictators will be paid off to prevent the fossil fuel freedom that has allowed not just the US and Europe but also China and India to dramatically increase their prosperity.
The biggest beneficiary of "climate reparations" will be China, which is already emitting more CO2 than the US + Europe combined. (Though less per capita.)
While we flagellate and cripple ourselves, China will use fossil fuels in its quest to become the world’s superpower.
The second biggest beneficiary of "climate reparations" will be corrupt do-gooders who get to add anti-fossil-fuel strings to "reparations" $ and dictate how it's spent—which will surely include lots of $ for unreliable solar panels and wind turbines made in China.
We need leaders in the US and Europe who proudly:
1. Champion the free world’s use of FFs as an enormous good for the world, including its safety from climate.
2. Encourage the poor world to embrace economic freedom and fossil fuels.
Tell your Representative to do both.
If you're new to my work, follow me @AlexEpstein for extreme clarity on energy, environmental, and climate issues from a humanist perspective. Also, subscribe to my newsletter, featuring lots of concise, powerful, well-referenced energy talking points. alexepstein.substack.com
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Planning on having any energy-related discussions this holiday season—which, thanks to higher energy prices, is a lot more expensive than last holiday season?
I’ve got you covered.
Here are threads answering 12 of today’s most important energy questions.
We’re in an electricity crisis, with reliable power plants shutting down far faster than they are being built.
And yet the EPA plans to make things much worse with 7 policies that gravely threaten 10-20% of our reliable capacity in the next 7 years.
🧵👇
A reliable grid is foundational to our quality of life. Our lives depend on ultra-reliable electricity for the refrigerators that preserve our food, the water treatment plants that keep our water drinkable, the A/C that keeps us cool, the factories that produce our goods, etc.
Ominously, America’s grid is in its most fragile state in decades. Not only have we witnessed ruinous blackouts in California and Texas, electricity shortages are now routine throughout the US.
FERC Commissioner Mark Christie: “We’re heading for a reliability crisis.”
The US is experiencing a dangerous shortage of diesel fuel.
Blame our anti-fossil-fuel politicians, who:
* Prevented us from importing Canadian oil well-suited to our refineries
* Prevented or shut down diesel-producing capacity in the US
* Threatened new investments in diesel
Diesel is the fuel of heavy-duty vehicles and is many NE homes’ source of heat. Prices are high and increasing because: 1) Oct inventories, which should have been high to prep for winter, were their lowest since records began in 1982 2) Our ability to import diesel is uncertain
Higher diesel prices mean higher prices for:
* agriculture, which uses diesel tractors and harvesters
* every physical product, which is transported by diesel trucks, trains, and cargo ships
* home heating, especially in the Northeast
Instead of using the SPR to protect America’s oil security, the Biden administration is *abusing* the SPR to *harm* America’s oil security: depleting it when there isn’t a security threat to cover up the disastrous cost of his anti-oil policies.
The purpose of the SPR is to *aid* the US in securing a reliable supply of oil and oil fuels by providing an "emergency" stockpile of up to 1/10th of US oil consumption—to be used during (and refilled after) major "interruptions" of supply such as "sabotage" or disaster.
The core of oil security is a government that *facilitates a reliable and affordable oil supply* by *giving industry the freedom to invest in, produce, refine, and transport oil*.
Without this freedom the SPR’s stockpile of 1/10th (max) annual consumption can’t make us secure.
America’s energy crisis is mostly US Democrats’ fault.
I don’t identify as R or D.
But as an energy expert I must say this: had Ds spent the last 3.5 yrs *liberating US oil/gas investment, production, and transport* instead of strangling them, energy would be far cheaper.
🧵👇
America is experiencing our worst energy crisis since the 1970s. High oil prices are making driving expensive, while high natural gas prices are making heating and electricity far more expensive—above all in the Northeast, where some ratepayers might see prices >2X last winter’s.
Here’s a chart of residential natural gas prices over the last several winters from the US Energy Information Administration. Notice the massive spike projected for this winter—meaning record heating bills for many.
I’m an energy expert with a 15-year track record of correctly predicting major trends: "peak oil" wouldn’t happen, fossil fuel demand would grow, climate danger would decline, "green energy" policies would be deadly.
Unlike most "experts," my analysis of the future is credible.
I also have the advantage of a research team that also avoids the many philosophical errors today, as well as constant interactions with leaders in politics and industry so that I have firsthand exposure to these worlds rather than second-hand, often distorted accounts.