As you see stories of fuel and power shortages around the world, keep one fact in mind: our knowledge of how to produce low-cost, plentiful fuel and power has never been greater. But our ability to ac... View MoreAs you see stories of fuel and power shortages around the world, keep one fact in mind: our knowledge of how to produce low-cost, plentiful fuel and power has never been greater. But our ability to act on that knowledge is strangled by anti-fossil fuel policies. It's that simple.
The #1 lesson of skyrocketing gas and coal prices is this: fossil fuel-restricting governments have wildly overestimated the ability of solar and wind to provide the energy the world needs and wildly underestimated the need for fossil fuels to provide the energy the world needs.
With today's technology the natural gas and coal industries have a virtually unlimited ability to supply fuel to the world. The only reason they can't meet demand is anti-fossil fuel, pro-"green energy" restrictions on the freedom to produce gas and coal.
Alex Epstein
