[Editor Note: Advertising for the premier energy conference CERAWeek 2020 (March 9–13) is in full swing. Several years ago, Daniel Yergin was urged to invite Alex Epstein to present the moral case for fossil fuels. Today, with fossil fuels on the ascent, and a distracted industry engaged in greenwashing, it is past time to feature the world’s leading energy philosopher. My post from four years ago on this subject is updated below.]
…“If good and evil are measured by the standard of human well-being and human progress, we must conclude that the fossil fuel industry is not a necessary evil to be restricted but a superior good to be liberated.”
“We don’t need green energy–we need humanitarian energy.”
– Alex Epstein, “At CERAWeek Fossil Fuel Leaders Should Make A Moral Case For Their Industry,” Forbes.com., February 18, 2016.
” … for the first time in over 40 years, today we are issuing a proposed new rule under the National Environmental Policy Act to completely overhaul the dysfunctional bureaucratic system that has created these massive obstructions. Now, we’re going to have very strong regulation, but it’s going to go very quickly. And if it doesn’t pass, it’s going to not pass quickly.”
“… our new One Federal Decision policy — it’s called “One FederalDecision” — requires agencies to work closely together to promptlydeliver one decision. Yes. The entire process will be completed; theentire federal government approval process will be done.
– President Donald J. Trump, January 9, 2020
The most free-market President in US energy history has added to his winning ways. Last week, he put into play a powerful proposal to depoliticize infrastructure spending under the National Environmental Policy Act of 1970 (NEPA).
…“With 25.3 Quads ‘lost’ in the transition from ‘source’ to ‘site’ (a.k.a.metered) electricity consumption, the overall electrical generationefficiency in industrial processes is 34% (13 Quads ÷ 38.3 Quads). In comparison, direct use offossil fuel on site at industrial facilities generally exceeds 90%.”
“Industrial electrification is largely being driven by the same cabalpushing deep decarbonization and is further undermining our marketeconomy. The solution: Remove subsidies, mandates and other forms ofenergy favoritism by letting technologies advance or fail in marketsbased upon their own true merit or lack thereof.”
Previous articles at Master Resource have focused on “deep decarbonization” through allegedly beneficial electrification of residential and commercial buildings. We’ve discussed the negative consequences of various policy regimes to deny consumers choice to best satisfy their energy usage requirements.
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