4.7 • 6.8K Ratings
🗓️ 27 February 2023
⏱️ 6 minutes
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We’re supposed to be in a climate crisis. And we are. But not in the way you think. Alex Epstein, author of Fossil Future, explains the real crisis and what we can do to get out of it.
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0:00.0 | The world faces a serious crisis, one that will ruin whole economies and lead to needless |
0:07.5 | suffering and death. |
0:09.4 | The crisis is related to climate change, but not in the way you're probably thinking. |
0:13.8 | It's the global energy crisis, a man-made crisis created by climate change policies. |
0:21.4 | These policies have led to a shortage of fossil fuels, oil, coal, and natural gas, the |
0:26.7 | fuels that provide over 80% of the world's energy. |
0:30.3 | A shortage of anything leads to higher prices. |
0:33.5 | That's just basic economics. |
0:35.7 | Fossil fuel shortages have led to higher energy prices. |
0:39.4 | And because the energy industry powers every other industry, this has led to higher prices |
0:44.2 | of almost everything, everywhere. |
0:46.9 | We are already seeing the consequences. |
0:50.2 | Inflation. |
0:51.6 | Inflation spares no one, but those who live paycheck to paycheck suffer the most. |
0:56.5 | Every purchase becomes a major decision. |
0:59.9 | Inflation in the US in 2022 was around 8%. |
1:03.6 | In the UK, 10%, and in many developing countries much higher. |
1:08.2 | The leading driver of this inflation has been the cost of energy. |
1:12.5 | Deadly winters. |
1:14.6 | Contrary to popular belief, far more people die from cold than heat. |
1:19.2 | Saving lives from the danger of cold requires low-cost, reliable energy. |
1:23.9 | Without it, people in the margins can't adequately heat their homes during the harsh winter |
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