514. How to Solve All of America’s Energy Problems | Alex Epstein

Speaker 1 There's much more practical things that we can do to keep people safe from climate change, let's say, than making everybody poor by making fossil fuels impossible to access.

Speaker 1 You know, we have this clear demand that fossil fuels are needed for, and then we restrict fossil fuels some, and we start getting these big problems when we were told we would get big wealth.

Speaker 1 Well, why would we take off the table any potential source of innovation that would make energy more plentiful and more reliable? We haven't even reduced the supply of of fossil fuels in the world.

Speaker 1 We've just slowed the growth. Right.
And we're having all these problems. There's no single town on the planet that runs entirely on renewables.
Poor ones do, they run on wood and

Speaker 1 even if it creates something like

Speaker 1 an air pollution challenge, it can also create the technology that can filter the air. And if anyone happens to get sick, it can also create the whole medical industry.

Speaker 1 I really like your emphasis on the nexus between energy provision and human flourishing.

Speaker 1 So, I had the good fortune to speak again today with Alex Epstein, who I spoke with two years ago, almost to the day.

Speaker 1 Alex is the author of two influential books: one, the first one, The Moral Case for Fossil Fuels, and the second one, Fossil Future.

Speaker 1 And Alex has been beating the pro-human energy/slash environment drum for some 17 years.

Speaker 1 And with increasing effectiveness, I would say he's one of the people at the forefront of the dawning realization that impoverishing humanity and destroying the industrial infrastructure of the West, while making energy spectacularly expensive and unreliable,

Speaker 1 and simultaneously increasing our dependency on, let's say, dictatorial governments is not really very wise policy, all things considered.

Speaker 1 And Alex has been an icebreaker in that regard, pointing out to everyone who will listen and listen carefully that fossil fuels, all things considered, are obviously and overwhelmingly a net good.

Speaker 1 And that if we want to move forward into a future of abundance, that it's necessary to get that straight in our minds and stop playing foolish games.

Speaker 1 And we had an opportunity to continue that conversation today and to deepen it because Alex has spent the last several years

Speaker 1 making his knowledge about the energy environment nexus more and more detailed at the practical level in a manner that enables policymakers to move towards a energy-rich, abundant, pro-human future.

Speaker 1 And so he laid out those ideas today in our podcast and in a manner that is at least illustrative of the wealth of knowledge that he has that

Speaker 1 could be brought to bear for policymakers who are interested in developing exactly that kind of policy framework. And so, join us for that.

Speaker 1 Well, I thought we might as well begin this by briefly evaluating the change in the conceptual landscape since 2022. I mean, I would say two years ago,

Speaker 1 the stance that you had been promoting, like a positive stance towards fossil fuel, was not only,

Speaker 1 what would you say, controversial,

Speaker 1 but

Speaker 1 could we say fringe?

Speaker 1 And I don't think that's the case now.

Speaker 1 And I think that has a fair bit to do with you, actually, which is quite cool.

Speaker 1 And so

Speaker 1 that's my opinion, my sense, broadly speaking. It's not like there still isn't all sorts of work to do to make the case for fossil fuels.
But how are you feeling about,

Speaker 1 you know, if you evaluate the landscape over the last two years how are you feeling about yeah i so i've been at this 17 years yeah

Speaker 1 and it's it's definitely at a peak in terms of enthusiasm and opportunity in this sphere and it's like it's interesting to break down so maybe i'll do my own part last and the part of sort of people who think like me but there are a few other developments that are that are notable and they're all sort of intertwined but one that's one of the interesting ones that i take no credit for but is very fortuitous intellectually is the dramatic increase in electricity demand that is occurring right now

Speaker 1 in the world of. Because of IT.
Yeah, right, exactly. So specifically data centers and within that, AI.

Speaker 1 And in particular,

Speaker 1 where you see it is with the very large digital tech companies and what their role has been in the energy debate so far, and then how it has drastically changed in the last year or two.

Speaker 1 So if you look at even in 2022, what's the posture of the big tech companies for the past years before that? It's overwhelmingly a posture of we are 100% renewable and you should be too.

Speaker 1 And then politically advocating the net zero by 2050 kind of goal, which basically means rapidly eliminate fossil fuels. And prosperity.
Yeah. And so you have them.

Speaker 1 And you have to think of them as they're just an incredible center of gravity in the culture.

Speaker 1 And where they are is hard to move the culture away from because it's just so much wealth and so much influence. And people, in many ways, want to be like them.

Speaker 1 And I think their posture was part of the Larry Fink era. So, you know, Larry Fink, the head of BlackRock.
By the way, I'm in DC. Whenever I'm in DC, this guy is always in DC.

Speaker 1 Like, I always spot this guy in like heartbuilding and Dirksenville. I mean, this guy, but I think he seems nervous right now, whereas he was on top of the world.

Speaker 1 So if you take two years ago and especially four years ago, he was called the emperor, right?

Speaker 1 Actually, first time I had Vivek on my podcast, like he was fighting against Fink. This was in 20 about 2020, 2021, maybe.
And he's talking about him as the emperor.

Speaker 1 And you see now, like, just to give a sense of Larry Fink, Larry Fink went of all places to the World Economic Forum.

Speaker 1 This is after telling the whole world you have to go net zero and specifically you want to be 100% renewable. He goes to the World Economic Forum and says, hey, we have data centers, we have AI.

Speaker 1 There's going to be massive new demand for what he's, he'll call dispatchable or reliable electricity. So electricity available on demand.

Speaker 1 We like the kind of lectures dude we got accustomed to our systems that work. Right, right, exactly, exactly, exactly.
Before people mucked around with them, yeah, exactly, exactly.

Speaker 1 Uh, what we used to just call electricity.

Speaker 1 And he said, and we cannot power this with solar and wind, and we need dispatchable electricity like natural gas. I'm like, whoa, where has this guy been?

Speaker 1 Like, this was the leader of net zero, 100% renewable. And you're seeing it with the tech companies too, right?

Speaker 1 Facebook with Microsoft trying to resurrect Three Mile Island.

Speaker 1 Everyone is admitting it. I mean, Elon has his stance has been really interesting.
So he's been, I think, radically improving on oil and gas, radically improving,

Speaker 1 very much,

Speaker 1 very much dampening on any sort of climate catastrophism.

Speaker 1 At this point, I don't even think he's a climate catastrophist, which is like if you look at videos of him back when he's introducing the power wall, there's a lot of climate catastrophism.

Speaker 1 So it's just this fascinating development. And he's using natural gas, like a lot of new natural gas to power Grok.
So what we've had is there is just the economic reality.

Speaker 1 Once you need a lot more electricity, you have to run into the reality that you need more specifically natural gas. Unfortunately, with nuclear, our policy is so bad.

Speaker 1 We'll discuss in a minute how to fix that, but it's so bad we cannot rapidly scale up nuclear.

Speaker 1 Solar and wind have limited scaling ability in terms of actually contributing to reliable electricity because the storage

Speaker 1 continues. Yes, exactly.
The storage is just so prohibited. Norway is having a fit at the moment, right?

Speaker 1 Because they're having to export their electricity because of the treaties they've signed and their power supply is so unreliable that they're having spot price hike, what, spot price hikes of up to $1,000

Speaker 1 per kilowatt hour, something like that. I mean, Europe is sort of has been a precursor in all of these dimensions.
I mean, Germany was, they used to tell us it's the model and now it's a joke.

Speaker 1 Yeah, right. Now they disavow Germany.
So you have everyone going and it's, it's because

Speaker 1 When you really need a lot more electricity, you have to face economic reality.

Speaker 1 What was the case before is we had stagnant electricity demand and we could accommodate a certain amount of intermittent electricity on the grid.

Speaker 1 And we could get away with shutting down a little bit of reliable capacity, although we were sort of bursting at the seams in terms of, you know, we have a polar vortex, the grid almost crashes.

Speaker 1 We see a crash in California, we see a crash in Texas. We see warnings across the country.
But now we have massive new demand.

Speaker 1 And what the tech companies had to do is they had to go from what they did before is they just relabeled the fossil fuel electricity.

Speaker 1 So they would use the fossil fuel electricity and pay the utilities to label it as green.

Speaker 1 This is called renewable electricity credits. And unfortunately, this is legally allowed, which is one of my recommendations to the new administration, is they need to disallow this.

Speaker 1 Explain that in more detail.

Speaker 1 Exactly. You are allowed to claim that

Speaker 1 you are 100% renewable, which everyone takes to mean you are using 100% renewable electricity, if you buy credit from somebody else to relabel your fossil fuel electricity as renewable.

Speaker 1 Is that part of carbon offset?

Speaker 1 It's a similar kind of thing, but it's a different version of it. It's specifically labeling yourself renewable.
So you take like Apple in North Carolina, right?

Speaker 1 So Apple is drawing from the grid in North Carolina. When you draw from the grid,

Speaker 1 you draw an equal percentage of every source in the grid, right? They all become like homogeneous things.

Speaker 1 So whatever, I don't know the exact state of the grid right now, but it has historically had a bunch of coal, a bunch of gas, a bunch of nuclear. But Apple wants to label themselves 100% renewable.

Speaker 1 So how do they possibly do that? Well, they pay the utility to say, hey, you know, the coal and gas that Apple is using, that's the responsibility of the home consumers. They're actually using that.

Speaker 1 And Apple extra credit.

Speaker 1 Apple has the special electricity. Yeah, yeah.
They just take the portion of the electricity. Like, it's just a total figment, right? I see, I see.

Speaker 1 And you can do different versions of this, like called power purchase agreements, which Google does a lot of, where like you'll buy a certain portion of the wind in Iowa, even if you're not in Iowa, but you claim that you're using it.

Speaker 1 So

Speaker 1 it's all a fraudulent relabeling scheme, but you can get away with that as long as you don't need much new electricity in the mix, right? But once you need new electricity,

Speaker 1 you're running out of reliable electricity to relabel as green.

Speaker 1 And so that's what's happened is, and a friend of mine who's a CEO of a major company was telling me, he was at a conference and he was telling me about the shift in attitude on electricity.

Speaker 1 And he said, before these tech companies said to us, if it's not 100% renewable, like to different districts and stuff, don't even talk to us.

Speaker 1 And now they said, like, they'll burn anything from bunnies to puppies to get electricity. That's the.
So, can you walk everybody through what has, what's at the base of the demand for the IT? Like,

Speaker 1 I know it's associated with

Speaker 1 artificial intelligence and these massive banks of

Speaker 1 computational banks they're producing, but I'm unclear about the details. Like, what is it that's drawing such immense resources of power?

Speaker 1 Well, I mean, this is, you know, the best person to talk to is an expert in large language models. But let's just, I'll give it to you in the macro.

Speaker 1 And especially, I'm very proud that I forecast this in Fossil Future. So Fossil Future was completed in 2021, came out in 2022.

Speaker 1 And the basic mechanism I talked about is there's really an unlimited human need for energy. And, you know, what energy is, it's machine food or machine calories.

Speaker 1 And historically, the major use of energy has been to expand and amplify human physical labor. So by expand, I mean biomachines.
So we can do things that we couldn't do.

Speaker 1 Like we can power an incubator with energy. We can't get five humans together and make an incubator, right? We can't get a thousand humans and make a plane.

Speaker 1 So one thing energy and machines do is they expand our productive abilities, and then they also amplify.

Speaker 1 So the example of, well, a modern combine harvester will make an agricultural worker able to reap and thresh 1,000 times more wheat than he could. on his own, right?

Speaker 1 So that's the kind of classic thing. So it expands and amplifies the abilities.
Historically, it's been primarily our physical abilities.

Speaker 1 And what the AI does, and it's really better thought of as augmenting our intelligence, is it's figuring out new ways to dramatically expand and amplify our mental abilities.

Speaker 1 So as we're recording this, it's been about a week since ChatGPT Pro came out.

Speaker 1 So ChatGPT Pro is a $200 a month product of open AI, which for certain businesses, I think, is going to just be wildly cheap, including mine.

Speaker 1 So any kind of like, I'm in the business including of creating energy policy and arguments and this kind of thing.

Speaker 1 And this is something modern AI and specifically these large language models has become incredibly good at.

Speaker 1 And with the pro version, it's just, it's unbelievable in terms of just helping you make decisions, helping you solve problems.

Speaker 1 So I have, you know, I had a very complex accounting and legal question that I needed because, you know, I'm in the world of politics and there's always a question of what's lobbying and what's not lobbying.

Speaker 1 And do you want a non-profit structure or a for-profit structure? And I can just lay this out and it can give me, you know, the equivalent of 10 hours of a lawyer.

Speaker 1 And then I can just run it by an actual lawyer for one hour to vet it. And I save whatever it is,

Speaker 1 $5,000 or something like this. And it's, of course, much quicker.
The thing is on demand. It doesn't get sick.
It doesn't make spelling errors. Right.
It's this thing.

Speaker 1 But the way in which we do this is like the computation involved is sort of incredibly to call it crude is not quite the right way to put it, but it's like

Speaker 1 energy intensive. It's not nearly as energy efficient as our brains.
I mean, it's not even remotely as energy efficient.

Speaker 1 And basically, part of what it does is it just scans the entire sum, at least in terms of words, of human knowledge and like everything that we've ever created to find patterns in these very sophisticated ways.

Speaker 1 And this is, this is where I'm no longer an expert, but the key thing is to amplify our mental abilities to our maximum capability right now requires this incredibly energy intensive thing

Speaker 1 that people are very, very excited about. Yeah, so our brains are remarkable not only for the fact that they're intelligent, but for the fact that they're insanely energy efficient.
Right.

Speaker 1 And so we don't have like, you know, there's a lot of stuff in biology that's just insanely efficient that we have not been able to replicate with non-biology. And this is this thing.

Speaker 1 But of course, the great thing about energy is we don't need to be as efficient as nature at any given point because, you know, for a human in the United States, you know, we have 75 times more energy used by our machine servants than we do by our own bodies.

Speaker 1 So that's so that's and we're gonna, but with with the AI and with the need for knowledge, what we're finding is there's no real end point

Speaker 1 to our desire to augment our intelligence.

Speaker 1 And in particular, in the realm of medicine and then more broadly longevity,

Speaker 1 and this is going to be really paid. It's scientific discovery in general.
Yeah, but if you think about things like

Speaker 1 what are billionaires going to be willing to pay for, well, are they going to, how much are they, you know, if you have $100 billion,

Speaker 1 are you willing to invest $10 billion with a 10% chance that you'll get a five-year longer life?

Speaker 1 Probably.

Speaker 1 I think that's a great thing. And that's going to benefit all of us tremendously.

Speaker 1 But that's the kind of, I mean, there's also just the whole phenomenon of creating not just right now, AI is primarily advisors, right? That's sort of giving us advice on what to do.

Speaker 1 But as it becomes more of an agent model, then you can do more and more. And of course, nobody knows exactly how successful these will be, how much they'll proliferate, what their limits will be,

Speaker 1 what new capabilities they'll have. But obviously the world is very excited about it, particularly the digital tech world.
From a security perspective,

Speaker 1 we view it as existential, which I think is a correct read on it, given the power, like in every sense of this, including metaphorical. And the rate of change.

Speaker 1 Yeah, it's just, this is the kind of thing you want to be very much on top of.

Speaker 1 So for all of these reasons, there is huge urgency in, I think proper urgency in the digital tech world to even to keep ahead of the Chinese for

Speaker 1 Bergham in the new administration, like this is a big focus of his in particular. It's like he's very sensitive to the national security implications of it.

Speaker 1 So it's lovely to see that when push came to shove, so to speak, that the big tech companies in the United States returned to their own narrow self-interest and made the right bloody decisions.

Speaker 1 Yes, really. It's really something to see.
And that's not, I don't, I'm not even so cynical about that.

Speaker 1 I mean, this is, I think, part of why sometimes populations will have better conclusions than the experts at a given time, although I'm a big fan of consulting experts in a proper way.

Speaker 1 But you'll often have something like

Speaker 1 people just sort of know, you know, it's not going, like with the whole fossil fuel thing. So even in just in terms of common sense.

Speaker 1 So another development, so I mentioned one development is the urgent need for more electricity and the recognition that fossil fuel expansion is necessary for that.

Speaker 1 But number two, and this is what you were alluding to with Norway, is the very conspicuous failure of the net zero agenda, even when only barely implemented.

Speaker 1 Yeah, right. So it's important.
Well, one of the scandalous

Speaker 1 elements of that is that there's no single town on the planet that runs entirely on renewables.

Speaker 1 There's no microbes. Poor ones do.
They run on wooden plants. Yeah, well, right.
Well,

Speaker 1 they don't really run. Well, that's the problem.
They

Speaker 1 die, yeah. Yeah, yeah, exactly.

Speaker 1 And so, and and the fact that electricity prices spike toward the infinite as the wind stops blowing and it's nighttime, which turns out to be a real problem if you happen to be like in the winter, yeah, yeah, you know, so yeah, yeah, that's and then you need the parallel.

Speaker 1 The thing that's so bloody peculiar about that is that because these renewable

Speaker 1 sources are sporadic and unreliable, you have to have a backup system that has the same capacity as the renewable system when it falls to zero.

Speaker 1 And so what you have is a new system built on top of the old system, being particularly catastrophic in Germany, right?

Speaker 1 Where they shut off their nuclear plants and now use late-night fired coal plants to augment their

Speaker 1 unreliable renewable. I mean, it's complete insanity.
Right. So this tupled the price.

Speaker 1 And so this is a case where I think the general public was was much smarter than, say, the New York Times, where the general public was like, wait a second, we were told to shut down these reliable fossil fuel plants and they could be easily replaced.

Speaker 1 And now we have all these electricity shortages and our electricity prices are higher. Maybe these two are related.
And then the New York Times like, no, no, no, no, no. There's nothing to see here.

Speaker 1 Renewables are actually cheaper, right? They're actually cheaper, even though we added a lot of them and our electricity got more expensive and less reliable. They're really cheaper.

Speaker 1 And we'll make up a number called levelized cost of electricity that tries to calculate the cost of electricity if it doesn't have to be reliable. And so we'll tell you it's cheap.

Speaker 1 So there's all this like mumbo jumbo, which I sort of debunk in fossil future, like chapter six type stuff. But this is another thing where the net zero agenda promised us we would be richer.

Speaker 1 And then even just a very marginal implementation. And I want to stress this because we haven't even reduced the supply of fossil fuels in the world.
We've just slowed the growth.

Speaker 1 And we're having all these problems. So even just a very bare, marginal attempt to slow the growth in the name of net zero has been a disaster.
So that's number two, and they're related because

Speaker 1 we have this clear demand that fossil fuels are needed for, and then we restrict fossil fuels some and we start getting these big problems when we were told we would get big wealth, basically.

Speaker 1 And then do you think there's any utility in the renewable energy sources? I mean,

Speaker 1 you do. Okay.
Well, of course. So, I mean, the obvious things are where they're already used in a free market.
So with their off-grid kind of applications and that kind of thing.

Speaker 1 I think what we need, and this is, this relates to some policy ideas, is insofar as we're going to have electricity markets, what you really need is some form of tech neutral reliability or dispatchability standard where you allow the intermittent sources the chance to provide reliable electricity, but you require them to.

Speaker 1 So just to give you an example, like let's just say,

Speaker 1 let's say like in five years, Elon thinks, hey, you know what? I can get solar and batteries to the point where I can provide dispatchable electricity.

Speaker 1 Or maybe it's, I can get solar and batteries, and maybe I'll have a few gas peaker plants as like a backup. And I think I have this.
this system to do it.

Speaker 1 I want to encourage that kind of thinking because you could imagine it could be possible, but you also don't want to burden the grid with somebody's incorrect idea.

Speaker 1 And most people's initial ideas are incorrect.

Speaker 1 So the basic way you do this conceptually, and the details become difficult, but you basically say everyone on the grid has to meet a certain standard of dispatchability or reliability.

Speaker 1 We don't care how you do it. You can do it with whatever you want.

Speaker 1 And you're a black box, and we just demand certain standards of performance of the black box. I think that kind of model will allow you to have market discovery if any of these ideas are true.

Speaker 1 But unfortunately, what's happened is people have made these crackpot claims that we can just power it with solar and a little batteries.

Speaker 1 And they've used all these false models that are, you know, people like me spend a lot of time debunking, but then they just ruin the grid because what they're really getting is they have the right to sell unreliable electricity with no reliability guarantee at the same price.

Speaker 1 And in fact, with subsidies, a far greater price than reliables.

Speaker 1 And so this would be the equivalent of the government passes a law and says, you know, rental car companies have to charge the same for a car that works all the time and a car that works a third of the time and you don't know when.

Speaker 1 And actually you have to pay, actually, we're going to subsidize the car that works a third of the time and you don't know when, which then actually is going to take money away from the reliables, which has happened on our grid is we give, you know, whatever pool of utility payments and stuff we have on the grid, more and more of that goes to solar and wind in part because of subsidies, because they can always bid if they want a negative price, because they can basically say, I'm going to pay you to take our electricity because we're giving them so much as taxpayers.

Speaker 1 So even if they pay the grid, we pay them way more than that. So it's just this totally screwed up system.

Speaker 1 But I'm not one of these people who says we should just not consider solar, we shouldn't consider solar and wind. But we need to be able to do that.

Speaker 1 Yeah, well, the fundamental question under that has got to be something like, well, why would we take off the table any potential source of innovation that would make energy more plentiful and more reliable?

Speaker 1 Right. Because we need it.
We wouldn't. But with the grid, what we have is we have a monopoly situation.
So you have to have, you have to think of it in that context.

Speaker 1 Now, I think long-term, we could argue that we don't even need to have a monopoly with the electricity grid.

Speaker 1 But in anything resembling the near future, when you have government monopolies and you have, insofar as you have these electricity markets, which are not exactly markets, they're more like government pricing schemes, you need to orient those so that they reward reliability and they really value reliability.

Speaker 1 And right now, they don't.

Speaker 1 So you want to, so people talk about like all of the above, which I think is a pretty bad term because you don't, and no, no thing do you just want everything because it happens to exist.

Speaker 1 Like we don't want animal dung, right? We don't want wood. Those are part of the above.
You really want best of the above. And that's what you get in a real market.

Speaker 1 So with electricity, we need to create the closest approximation we can with a monopoly system of a real market where the lowest cost, most reliable solution is allowed to emerge and rewarded.

Speaker 1 Okay, so we talked at the beginning here when we were trying to structure this conversation.

Speaker 1 I noted, remembered that, you know, you had written these two books, Moral Case for Fossil Fuels and then Fossil Future. And I asked you if you were writing another book.

Speaker 1 And you said, you kind of, you sort of said kind of but you're not you're you're focusing on energy policy per se and you wanted to step through the you have five points that you have five kind of big objectives well so let's I'd like you to go through those and one of the things I want to return to at some point because I don't want to forget about it is how you view the role of nuclear power in this well that's going to be one of them okay

Speaker 1 so let me lead into this actually by saying sort of the the way in which I think I'm part of this this um this change in the culture because it sort of relates to the relationship between my work in the past and my work right now.

Speaker 1 So I think of, if you think of the moral case for fossil fuels and fossil future, they're really, you know, it was really designed to sort of create the ultimate guide to evaluating energy sources.

Speaker 1 That's really like fossil fuels just happen to be the conclusion that this needs to be our dominant form of energy because there's nothing close in terms of cost, reliability, versatility, and scalability for the foreseeable future.

Speaker 1 But it's really about how do you evaluate our energy situation and potential side effects of energy, including climate side effects, which is the main thing people are concerned about, in a pro-human way.

Speaker 1 And the basic idea is that you need to be very even-handed. So you need to very carefully weigh both benefits and side effects.
of fossil fuels, particularly with climate.

Speaker 1 And within side effects, you need to be even-handed. So you can't just look at negative climate effects.
You also have to look at positive effects.

Speaker 1 And part of being even-handed is you need to be precise. Means like more plants.
Yeah, exactly. Things like that.
Yeah, exactly. Way more plants, as a matter of fact, right, right.

Speaker 1 And we talked a lot about that last time, but then also, of course, open to things like heat, more heat waves and you know, expansion of water and sea level rise.

Speaker 1 And the idea is you need to be very even-handed. And so, that's one of the core methodological things that I think I've encouraged people to use, and that I think you're seeing more and more of.

Speaker 1 And people like Bjorn and Schellenberger and Kuhn and I think have also done this.

Speaker 1 And then the other thing, which is a little bit deeper, is that we have to evaluate them in a pro-human way and be aware that most people are either deliberately, I think in most cases inadvertently, evaluating fossil fuels from an anti-human perspective.

Speaker 1 And then within that, again, we talked about this last time, but just the sort of key ideas are one is when we're thinking about the Earth and what our goal for it is,

Speaker 1 Our goal, we need to be clear, our goal could either be to advance human flourishing on Earth or to eliminate human impact on Earth.

Speaker 1 And that the dominant goal guiding our policy is this goal of eliminating human impact, as evidenced by the fact that the number one cultural political goal in the world right now

Speaker 1 is

Speaker 1 eliminating our impact on climate. That's what net zero means.
So like our whole focus with the earth is how do we eliminate our impact on it in general and particularly with climate.

Speaker 1 And my argument is that's an anti-human perspective in the same way that if our goal were to eliminate bear impact, you'd think that's an anti-bear perspective.

Speaker 1 Well, just get rid of the bears.

Speaker 1 Exactly. That's what that's the logic.
There's too many of those damn bears. Exactly.
That's obviously what this is trending, although they don't say that, right?

Speaker 1 They used to say it, but they don't say it as much anymore. They used to say, we're against population growth and we're against technology, but that didn't go over well.
So then they said

Speaker 1 we're just against climate change. We're against climate impact.
And then they sort of, you sort of fill in the blanks. Oh, wait, the way to get rid of that is regress technologically.

Speaker 1 And have no people. Yeah, have no people.
Right. So there's this moral perspective of what I call your standard of evaluation.

Speaker 1 So is your standard advancing human flourishing on Earth or eliminating human impact on Earth? And of course, I'm on team human here.

Speaker 1 And then I think the part you are most interested in, which is your basic premise about the nature of humans and our environment, and what I call the delicate nurturer view, which is the main view that the Earth, basically the unimpacted Earth is this

Speaker 1 nurturing utopia. Yeah, it's this nurturing mother that's stable, so it doesn't change too much.
It's safe. It doesn't endanger us.
It's harmonious. Yeah, and it's sufficient.

Speaker 1 It gives us enough resources as long as we're not too greedy, right? And then human beings are what I call parasite polluters. So we just take from the earth and we ruin the earth.

Speaker 1 And my view is, well, in reality, this is all just nonsense. Like it's total pseudoscience, even though many scientists believe it.
And in fact, human beings are producer-improvers.

Speaker 1 Many people who identify as scientists believe it.

Speaker 1 Well, no, I think even many real scientists do, unfortunately, because many specialized intellectuals are in the thrall of bad philosophy because they don't think about philosophy.

Speaker 1 So I think we're producer improvers. So we add value to the world.
That's why we have this amazing world now that's abundant and safe, even though the caveman had nothing.

Speaker 1 Like if the world were abundant apps in us, the caveman would be rich and we'd be poor because there are so many of us, but it's the opposite.

Speaker 1 So we're producing, and we improve our environment in many ways. Like we've ridden it of all kinds of disease and disgustingness.
And then, of course, we give ourselves access to natural beauty.

Speaker 1 We can decide to cultivate whatever species we want. You know, if we love a species, we can make it plentiful.
And then the earth is not this delicate nurturer.

Speaker 1 It's actually, I call it wild potential.

Speaker 1 So it's not stable, it's dynamic, it's not safe, it's dangerous, and it's not sufficient, it's deficient, and we need to impact it a lot intelligently to make it abundant in a safe place.

Speaker 1 And so, when you think of fossil fuels in this even-handed way from a pro-human value perspective, and you get rid of this anti-human view of humans and our environment, it's very obvious that, well, this thing we've cultivated called fossil fuel is just this incredible net benefit because it just allows us to harness energy and therefore machine labor, you know, all these machine servants like never before.

Speaker 1 And one of the things about energy is it can solve. it can solve any problem, including the problems it creates.

Speaker 1 So if energy creates a drought challenge, well, it can also create irrigation and it can also create crop transport. Even if it creates something like

Speaker 1 an air pollution challenge, it can also create the technology that can filter the air. And if anyone happens to get sick, it can also create the whole medical industry.
Yeah.

Speaker 1 And God only knows how much that'll be augmented by this electricity demanding AI. So it's again, it's energy solving its own problems.

Speaker 1 So I feel like I got, particularly with Fossil Future, I sort of got to a level where

Speaker 1 I felt like I had fully like fleshed out how to think about this in a pro-human way.

Speaker 1 And then to amplify that, we created this thing called Energy Talking Points, which people can see at energytalkingpoints.com.

Speaker 1 And the idea there was, let's make this access, let's make it easy for anyone to make and understand these arguments. And I basically just broke every issue up into tweet-length points.

Speaker 1 And our target was politicians. So we wanted to make it easy for politicians to talk about this.

Speaker 1 And what we saw is once we made it easy, like once you make it easy for people to say the right thing, they'll say it a lot more.

Speaker 1 And so we saw even in this Republican presidential primary, you know, candidates like Ron DeSantis and Vivek making points like, we've had a 98% decline in climate-related disaster deaths over the last century.

Speaker 1 Right. Well,

Speaker 1 there's a good practical lesson embedded in what you just said that everyone should listen to very carefully when they're considering negotiating.

Speaker 1 Like, if you want things to move in a particular direction, make it very easy for people to move in that direction. You want to do a lot of the work

Speaker 1 a priority that would be necessary to help them move in that direction. If you go to your boss with a problem,

Speaker 1 it's very useful useful to accompany that with a solution that's thought through and already ready to implement. It's much more likely to be a problem.

Speaker 1 Hey, you'll be coming in that, as someone who employs about 10 people, you'll be in the top 99% of employees if you come with solutions. Yes, yes, yes, yes.

Speaker 1 Well, and if you have some idea about what a solution might be desirable for you, coming armed with the strategy that would make that simply implementable and some indication that you've thought through the consequences radically improves your chances of success.

Speaker 1 Otherwise, you're just a pain, the kind of messenger that gets shot.

Speaker 1 And this is, this is, I feel, and this is going to relate to what I'm doing now, but even in the realm of evaluate, energy evaluation and messaging, I found it was a huge breakthrough to make it easy to be my ally, right?

Speaker 1 That was the sort of, that was a breakthrough. And there's obviously tons more work to do here, but I felt like I kind of think of myself as either a practical philosopher, an intellectual engineer.

Speaker 1 Like I like engineering intellectual products that help people flourish.

Speaker 1 And I sort of felt like my core work that I wanted to do here, like the most, like there was less innovation forward than there was behind me in terms of energy evaluation.

Speaker 1 And of course, I build a team and there's a lot to do, but I feel like I had really, to my satisfaction, answered all the arguments on the other side, taught people how to think about this.

Speaker 1 And I was trying to think of, okay, like what else? And it's going to take a long time for this all to flesh out and stuff.

Speaker 1 And I'm going to keep working on it, but sort of what's the next, what's the next frontier that I'm interested interested in?

Speaker 1 And I do think that those of us, I call us energy humanists, I do think we've made a big difference.

Speaker 1 So, like Bjorn Lomborg, me, Michael Schellenberger, Steve Kuhn, and you know, I think you've really taken up this mantle as well. And

Speaker 1 it's really helped a lot. And

Speaker 1 I don't want to be complacent because we need massively to spread it, but I'm just in terms of what I personally wanted to do, I felt like there was a much bigger gap now to fill and a potentially

Speaker 1 time-limited window.

Speaker 1 Well, I really like your emphasis on the nexus between energy provision and human flourishing.

Speaker 1 I mean, partly you can make a pretty blunt case for that from an environmental perspective, even if you're rather radically environmentally oriented, in that if you realize that you impoverish, if you impoverish people, which you certainly will do if you make energy expensive, if you impoverish people, you make them desperate.

Speaker 1 And desperate people are not investing in a green future, that's for sure. They're going to rampage through whatever resources are available to them in very short order.

Speaker 1 And so I got convinced of this,

Speaker 1 well, probably 15, 20 years ago, when I started to understand the statistical data indicating that if you got people's GDP up, average GDP up above $5,000 a year in U.S.

Speaker 1 dollars, that they started taking a long-term view of the future ecologically. It's like, well, of course that's the case.
And then I thought, that's so cool.

Speaker 1 That means that you could work really hard to make energy inexpensive and people rich.

Speaker 1 And one of the consequences of that would be that people would be much more attendant to genuine ecological concerns locally and over time.

Speaker 1 Well, yes, I think, you know, when I talk about advancing human flourishing on Earth, I think of...

Speaker 1 I don't draw a distinction really between our economy and our environment. I mean, I think it's actually all our environment.
And I think of environment in a very humanistic way.

Speaker 1 So just take a bird, right? Like, is a bird's nest a part of its environment? Right. I would say yes, right? So I think a factory is our environment and the beach is our environment.

Speaker 1 I think we're just uniquely good at reshaping our environment to be particularly conducive to us.

Speaker 1 So when you talk about ecological thinking, I really think of that as humanistic thinking about our environment as in how do we make sure that we're still using that dichotomy.

Speaker 1 So you're sort of, you're looking at it from an advancing human flourishing on earth perspective, but it's what you're pointing out is the more resources you have and the more time you have, the more you can have a broad,

Speaker 1 you can think about that in a broad way, right? When you're just freezing to death, you just cut down whatever trees are around you and you burn them. And like, what else are you going to do?

Speaker 1 Versus you don't think as holistically about your environment, not because you wouldn't care about those things, it's just you have a sense of urgency.

Speaker 1 Because once you're wealthy, you can think about things like, hey, even, hey, what would the ideal climate be? I mean, let's leave aside, are we negatively impacting?

Speaker 1 Like, how can we make, maybe make more places like California, right? Or how can we like, oh, how can we optimize the species on this particular island for some particular goal?

Speaker 1 Or even we really like, you know, at home, we have a dog and it's like, how can we make this dog really survive? Or how can we get rid of these mosquitoes?

Speaker 1 Like, we don't like these merilarial mosquitoes. The polar bears, they're beautiful, but we want them cordoned off so they don't eat us.
Like, we're really engineering the earth.

Speaker 1 So when you talk about ecological stuff, I think about it as this very sort of long-term and broad thinking engineering of the earth to advance human flourishing.

Speaker 1 Whereas the anti-impact crowd, that's not how they think of it. So, if you made that argument to them, they're like, no, we don't want to impact it at all.

Speaker 1 We don't want like 8 billion prosperous people who have nice gardens and clean air. Like, that's way too humanized in Earth.

Speaker 1 We need, you know, back to the Pleistocene, as the, you know, Earth First, I think, used to say.

Speaker 1 So, that's just to say, like, I, I don't, I don't like this idea of like, oh, if from an environmental perspective, because is it a pro-human environmental perspective or anti-human?

Speaker 1 And if it's anti-human, they just don't, they won't accept anything that involves human correctness.

Speaker 1 So thank you. So let's go on the, let's go on the, in terms of what I think the big opportunity is.
And so when I'm,

Speaker 1 I'm very like, I wouldn't exactly say hedonistic, but like I'm very much an enjoying life and work person. And like, I like doing things that are very beneficial to others that I really like doing.

Speaker 1 I'm not like a good, like, I'm going to be miserable for 20 years and everyone else is going to be happy. Like, that doesn't appeal to me much.

Speaker 1 So, I think I do as much as anyone for energy, but like, I like to enjoy it. And part of that is I like to,

Speaker 1 you know, for me, what's interesting is like an unsolved problem that I think would be fun to solve that I'm not convinced anyone else is going to solve unless I work on it.

Speaker 1 Which, again, people can say like, that's megalumniacal or whatever.

Speaker 1 But in this case, I think it was pretty clear there was an unsolved problem, which is there was no real pro-freedom energy policy fully worked out in the event of a pro-freedom administration and Congress.

Speaker 1 And so, you know, like you look back a couple of years ago, and I learned this particularly, maybe we could start there on the issue of nuclear energy, because I'm just a huge, like I've been interested in nuclear and enthusiastic about nuclear far longer than I've been enthusiastic about fossil fuels.

Speaker 1 Cause, you know, I grew up in a liberal environment and like, I was afraid of climate change and this kind of thing. Whereas nuclear, I was never really afraid of the nuclear kinds of fears.

Speaker 1 I know, I mean, I know you have your own background in terms of like nuclear war, but I didn't grow up in that era. I mean, I was born in 1980, by 1989, we have the fall of the Soviet Union.

Speaker 1 I didn't really buy this idea that we're all going to be, you know, three-eyed fish and whatever.

Speaker 1 So and that's also a concern that is in many ways importantly separate from the issue of nuclear power. It's totally

Speaker 1 right, because the nuclear power plants can't explode. That's a very fundamental distinction.

Speaker 1 The physics make it impossible to explode.

Speaker 1 So,

Speaker 1 but with when I would say nuclear, my focus, why it is nuclear so stagnant, right? I mean, we had this ideal of too cheap to meter what back in the 40s, right?

Speaker 1 It's going to be the electricity is going to be so cheap, you don't even need an electricity meter at your house because like, who cares?

Speaker 1 Yeah, it's going to be air or even like, even like

Speaker 1 data on hard drives. Like, think about how much that's gone down in price, you know, the last 30 years.
And yet, nuclear just, it had this boom in the 60s.

Speaker 1 And then starting in the 70s, you know, and then the early 80s, just totally start stagnating

Speaker 1 to the point where from the beginning of the Nuclear Regulatory Commission in 1975, we went 48 years until 2023 until we had one plant go from conception to completion.

Speaker 1 And these were these Vogel plants

Speaker 1 in Georgia. And

Speaker 1 they were just seven, eight, nine times overcost. They were just catastrophically expensive.
So there was everyone who knows anything about nuclear knows the policy is a disaster.

Speaker 1 Like you need to fix the policy. And yet I would ask nuclear advocates, okay, what do we do? Like if you were the president, what would you do? And they'd always say, it's nuclear policy is so bad.

Speaker 1 It's terrible. I'm like, okay, but what would it be pretty low resolution? What would you do?

Speaker 1 And then I started realizing like, this is the problem is that I don't really know what to do.

Speaker 1 And so I, even if I help people evaluate energy in a better way, of course, there are some things I can know how to do in terms of stop blocking these pipelines and stuff like that.

Speaker 1 But even at the resolution of like, okay, what exactly should the air quality standards be and how do you determine them?

Speaker 1 You can say, oh, this recent thing on ozone is ridiculous because it's, you know, it sets the level of ozone below the background level in some parts of the U.S.

Speaker 1 So how are you going to possibly meet that, right?

Speaker 1 If background ozone is greater than your, but like you could see these irrationalities, but there's a question of, well, how do you actually come to the solution?

Speaker 1 And I just kept seeing this with every issue. And I just thought, like, I don't know the answers.

Speaker 1 And it's not that nobody knows the answers, but that the people who know the best answers, there's in no way has this been put together in a usable, coherent way.

Speaker 1 And at the same time, through Energy Talking Points, I had really proven to myself that, hey, if you can make it easy for politicians to do something, they're going to be a lot more likely to do it.

Speaker 1 Like a lot of these politicians want to do. Well, someone might just come along and capitalize politically on your ideas.
That's certainly a possibility. But they need to be developed.

Speaker 1 You need to have something to hand them. And I noticed when I would talk to them, it would be too much vaporware.
It'd be too abstract.

Speaker 1 and so then i became really interested in okay let's say we have a new pro-energy president and a pro-energy congress how can we be prepared for that situation because if you think about um you know at a certain point it became clear it'd be trump but even if you take some of the others like uh like desantis and vivek and that field was incredibly pro-energy compared to previous years.

Speaker 1 And I hope this is something that I and the energy humanists have contributed to. Certainly in terms of the arguments available, I'm certain I've helped contribute to it.
But we had this.

Speaker 1 Well, you've definitely broken the ice for those arguments at minimum, right? At bare minimum.

Speaker 1 So and then you see, like in many cases, I know like people are using the exact argument and that kind of thing. But that was this situation where, you know, even compared to

Speaker 1 like Romney, who by the way, in many ways I admire.

Speaker 1 So I'm not trying to criticize Mitt Romney, but I'm just saying, like, if you look at the 2012 situation where Republicans were in 2012, there was much less positive enthusiasm for energy, certainly fossil fuels, and much more friction in terms of let's hold back fossil fuels for climate reasons.

Speaker 1 With the crop that we had and certainly ending up with President Trump, like that was not the case.

Speaker 1 And with Trump, we saw in the end his like a central campaign thing was let's unleash American energy, which that is, you know, to my energy years, that's music.

Speaker 1 Like, oh, you want to actually do that? Cause that hadn't been. But then I feel this obligation of, well, we as in a country, we need to be ready for this situation.

Speaker 1 And I don't think, I don't think we are. I mean, we are in the sense of they did a lot of good things the first administration.
So it's not like they'll do nothing good.

Speaker 1 But if you have an opportunity like that, you want to do as much good as possible, right? And as a citizen, I felt like, okay, what I can do is try to create like a very specific platform and

Speaker 1 accompanying messaging so that we have, so that they at least have the option. of the policies because I was never, I've always said I'm never going into politics, which I'm not.

Speaker 1 Like I'm not, I'm never going to have any control, but at least I can be the ultimate resource if somebody wants to take advantage of the resource.

Speaker 1 And so, this, this is like the last year and a half has been developing what I call like the energy freedom platform. And this is like a very step-by-step detailed guide.

Speaker 1 So, I thought we'd walk through the high level,

Speaker 1 but then we'll go into just some specifics because people can get a flavor. Cause what I don't want to do is say, well, you have to be specific, but then just be high-level.

Speaker 1 But of course, like I sent you one of the internal documents I've shared with people the other day, it's like 125 specific policies so we're not going to get into that but i just want to i'll give a few indications of some of the kinds of specific things yep so it makes sense and then just ask questions and interest

Speaker 1 so

Speaker 1 maybe let's just start off with the the five the five key objectives and then maybe we can drill down in whatever you're most interested in because any one of these has numerous priorities and then numerous policies.

Speaker 1 But I'd say at a high level, number one is liberating responsible domestic development. So that includes like all the pipelines, all all energy production, all sorts of stuff.

Speaker 1 That's music to an Albertan's ears. Yes, exactly.
So, you know, we you have a sort of slightly different set of obstacles, but in many ways, the same kinds of obstacles in Canada.

Speaker 1 And that, you know, Canada is a total tragedy that I'm also trying to work on at the moment.

Speaker 1 I mean, in some ways, even much more of an energy tragedy. I mean, way more oil reserves than the United States and could be just providing

Speaker 1 worse policies. I know.
Well, that's the thing.

Speaker 1 Worse philosophy. So, but we'll focus on the U.S.
first. So it's like liberating responsible development from anti-development policy.
So, that's that's sort of one bucket. Yeah.

Speaker 1 Number two is ending preferences for unreliable electricity, which we talked about a little bit.

Speaker 1 But, but fundamentally, our grid, our policy is just totally punishing reliability and rewarding unreliability in the name of so-called renewability. So, there's that.

Speaker 1 Number three is setting environment.

Speaker 1 This is a really important one that there's not been enough work on to date, which is setting environmental quality standards based on cost-benefit analysis, on real cost-benefit analysis, including objective health science, not health speculation.

Speaker 1 That might be an interesting one to go into in terms of how that's done.

Speaker 1 Number four is addressing climate danger through resilience and energy innovation, not punishing America.

Speaker 1 So the way we, our idea is we're going to keep ourselves safe from climate by destroying fossil fuels, which by the way, have made us way safer from climate.

Speaker 1 And then suddenly the climate's going to be nice to us, even though the rest of the world's not going to fall. So like we have this insane thing if we punish ourselves.

Speaker 1 by destroying our fossil fuel industry and set an example for the rest of the world. And the climate will be nice to us.

Speaker 1 Well, what you see in Canada, as far as I can tell, to the degree that there's anything remotely like logic driving this, is that, well, Canada has a responsibility to set the kind of moral example that other countries like China could follow, which and do not in the least least follow.

Speaker 1 And the same with India and their economies that are of such a scale compared to, say, the Canadian economy, that that example is, it's essentially irrelevant.

Speaker 1 Now, you know, you could argue that the Canadian fossil fuel industry is comparatively clean in its approach, and maybe there's some benefit in that.

Speaker 1 But the idea that if Canada sets a moral standard, China is going to fall suit is...

Speaker 1 It's egotistical beyond belief and it's utterly preposterous. Plus, there's no evidence that it's happening.
So that's a major key.

Speaker 1 But I would say to the point about, so the key is really the combination of resilience. So the way you make yourself safe from climate is by becoming incredibly resilient.

Speaker 1 That's what we've already said. That's only valid if you take that pro-human perspective.
That's what you described to begin with. Yes, yes.

Speaker 1 There's much less, there's much more practical things that we can do to keep people safe from climate change, let's say, than making everybody poor by making fossil fuels impossible to access.

Speaker 1 Yes, right. Right.

Speaker 1 And then the other thing, though, I mentioned energy innovation, countries can set an example insofar as they want superior forms of energy if they can actually innovate a globally cost-competitive alternative energy, which is really the only thing you can, the only way you can actually address a global issue that's caused by the cheapest form of energy emitting CO2 in the atmosphere, right?

Speaker 1 The only way you can really address it in a remotely humane and practical way is come up with a cheaper form of energy that doesn't emit. That's what do it.
Yeah, that's all you can do.

Speaker 1 And you need to be a wealthy and prosperous and free society to do that. You're not going to run run your economy into the ground and then innovate the new nuclear

Speaker 1 absolutely. So, what was the fifth one? And the fifth one is unleashing nuclear energy from the many pseudo-scientific restrictions.
So, yeah, yeah, let's which one do you want to talk about?

Speaker 1 Oh, I think we might as well just go through them in order. I think they're all extremely interesting, and you can go into them in as much detail as you see fit.

Speaker 1 Yes, I'll just highlight some sort of priorities for all of them and where I think the uh and of course, by the way, if any politicians watching this or anything like that, email me, me, alex at alexepstein.com.

Speaker 1 I'm happy to help with

Speaker 1 the details. I should say one thing about, by the way, because I think you're always good at drawing lessons from things about how to compile this.

Speaker 1 Because this is certainly not just me thinking in a room, although I do think a lot in a room. I mean, part of it has been.

Speaker 1 trying to find the absolute smartest people who had already figured out as much of this as possible. So some of what I'm going to say has been me or often my team.

Speaker 1 So I have a very, very brilliant team who works for me full-time. They're sort of all around the world.
I found them in these very, it's almost like the X-Men.

Speaker 1 You just find them in these very obscure places. Like one.
Are the AI systems helping you? Yes.

Speaker 1 They are, but, but I think it's going to be particularly, they're good at the messaging part of it. Like at,

Speaker 1 so I was doing something last night, actually playing around with explaining why I'm very suspicious of these CO2 capture schemes.

Speaker 1 And I was getting it to do the math on how much I wanted like a set of talking points on how much we pay, I might as well tell you, like how much you pay for the coal and how much we are subsidized to sequester the air, the CO2, right?

Speaker 1 And because people have no idea, but it's basically the math is one ton of coal generates between two and three tons of CO2. So like it's more than it's mass.

Speaker 1 And it's similar with gas, but gas has twice the energy density per mass.

Speaker 1 So with coal, that means if you have a $50 ton of coal, you get paid $85 a ton to sequester the co2 so that means you're on the order of 200 to store the air so for 50 of coal you pay 200 to put the air underground is china going to do that is india going to do that yeah and so for gas it's about half so gas you basically pay for like you know you can think of it for you basically pay about half that so it's preposterous economically and that's on top of the fact that the

Speaker 1 what would you say an uh um a detached analysis of the cost benefits in relationship to carbon emission has not been conducted properly.

Speaker 1 One of the things I just can't figure out, and then we'll get back to these five points, is like when I

Speaker 1 like I've spent a lot of time looking at scientific data, and there's a pattern to doing that that works to some degree across disciplines.

Speaker 1 It's hard to know the details of the discipline if you're not an expert in it, but the pattern of evaluation is similar.

Speaker 1 When I look at the carbon dioxide data as a whole, and I think, well, what stands out to to me in this mess of consequences of carbon dioxide I would say the thing that stands out to me most is the magnitude of global greening it's overwhelming and then I think and it's so it's not only overwhelming in terms of its magnitude right so immense areas have greened it's also the case that the areas that have greened tend to be semi-arid areas and so When I look at that, I think, well, if you are looking at this neutrally,

Speaker 1 at least the question of whether or not that's a net good should arise. Yeah.

Speaker 1 The CO2 on its own. Setting aside the energy that's coupled with it.
Because if you factor the energy. Just the CO2, right? Exactly.

Speaker 1 And that's being accompanied by about a 13% increase in crop productivity in consequence of the additional CO2 emissions. Right.
And so,

Speaker 1 well, that's just an example of...

Speaker 1 the preposterousness of the claim that carbon dioxide sequestration is something that makes sense. It's like, well, actually, that stuff might be useful.

Speaker 1 Plus, it's really, really expensive to sequester it. Like, you already made the economic case.
That's devastating by any reasonable standard.

Speaker 1 And this is actually a really important issue right now because there's, I think, one of the big challenges to what I call energy freedom policies is now, thanks to the Inflation Reduction Act, which is the thing that really set these carbon capture prices incredibly high, we have a huge portion of the oil and gas industry now lobbying to keep these very large subsidies.

Speaker 1 And so

Speaker 1 the oil and gas industry was more consistently pro-energy freedom before. But now when it comes to Congress talking about, you know, do we repeal the whole IRA or do we part of it?

Speaker 1 There's a lot of very influential people who are saying, no, no, of course we have to keep the carbon capture stuff.

Speaker 1 And I think that's that, I think it's a wrong view, but also it's people very much underestimate how valuable it is to be known as a truth teller and to have intellectual integrity across a lifetime.

Speaker 1 And I found this out just as a sort of digression when I was, you know, many people sort of interacted with the transition team.

Speaker 1 And I'm never officially on any kind of team and, you know, and I definitely wasn't there.

Speaker 1 But I remember I was, I was making some recommendations and one person on the team told me, he's like, you know, to make really good picks, we need, so by the way, I'm not taking responsibility for any given pick.

Speaker 1 I'm just saying, you know, I was one of the people consulted. And I just, he said, you know, to make really good picks,

Speaker 1 we need outside experts that we can totally 100% trust. And that's the way this person said, like, I feel about you.
And I thought, well, that's interesting because I didn't even know this person.

Speaker 1 I met him once a while ago, but like, he's seen me think consistently for 17 years in a way that's logical and not partisan or tribal or not like pro fossil fuel industry when the fossil fuel industry is doing something badly and when the fossil fuel industry tries to convince people oh well it's good to subsidize the hell out of co2 reductions for carbon capture but it's bad for solar and wind how are people supposed to to take that?

Speaker 1 So I think

Speaker 1 short term, it feels like, oh, well, maybe we can keep these subsidies. And like we were planning on getting these subsidies.

Speaker 1 But in the long term, you, you keep, you establish these anti-freedom things and you diminish your credibility.

Speaker 1 Well,

Speaker 1 I think you're pointing to the fact that there isn't a better medium to long-term strategy than the truth. Yeah.
Yeah. And that's, it's like, it's kind of like quality is the best business model.

Speaker 1 Yeah. Like in the long term.
Yeah. But it's one of these things where it's a lot easier for the missionary to figure that out.

Speaker 1 Like sometimes people, people talk about like missionaries and mercenaries in business. And like, often the missionary, it's just like you can't even do anything else.

Speaker 1 It's for me, whatever, because I'm kind of an entrepreneur, but I'm really just, I like thinking about what I think is, I like trying to figure out what I think is right and then convincing other people of it.

Speaker 1 So it just psychologically, there's no appeal to me of, oh, I'm going to say something someone else thinks is right and that I think is wrong and I'm going to make money. Right.

Speaker 1 I mean, that's just throwing my life away. And it's going to be, it's going to be miserable.

Speaker 1 So that's sort of like, I didn't do it with the idea of, oh, in 17 years, I'm going to be a trusted like political advisor.

Speaker 1 But maybe people, if it takes that to convince other people, like these trade groups, because what I do, energy talking points, now we advise on policy.

Speaker 1 And I just find kind of people just roll out the red carpet for us. They're so interested.
And we do no lobbying, no public support. I have no affiliation.
I give no money to anybody.

Speaker 1 I don't need to worry anybody. Because what you did was you focused on addressing the problem.
Yes. Right, right.
And that was the focus

Speaker 1 and not the consequences of that. And you're pointing out that the medium to long-term consequences of that really couldn't have possibly been more positive.
Yeah. Right.
It took a long time.

Speaker 1 Like it's a long-term investment strategy. But yeah, I found exactly the same thing.
It's exactly the same.

Speaker 1 So it's just this thing where, but I noticed these trade groups, like I was in a meeting recently and like the other, you know, another person in the meeting might be way more famous and way richer than I am.

Speaker 1 But I feel like everyone in the room trusts me more because they know like, I'm saying what I think is right, which doesn't mean they'll agree with me, but they know that doesn't even mean that you're right, but it does mean you can be trusted.

Speaker 1 Yeah, in this case, I am right.

Speaker 1 Yes, there it is. Yes, there is also that.

Speaker 1 No, no, but, but yeah, I know it's, it's like, and just knowing that you can, if the trade groups really came across, like, we really believe this, and we're saying this not just because we're in oil or solar or whatever, we're in oil or solar because we think it's good.

Speaker 1 And we're going to only tell you what the truth is, even when it causes us to lose some short-term subsidy. Yeah.

Speaker 1 yeah they would be so powerful yes amen to that so that's definitely the case yeah so i forget oh yeah i was just saying you're the chat gpt yeah like it came up with this and i just thought oh wow this is going to be really fun and in the messaging because you can just it's uh and even some of the canadian stuff i've been doing i've been using it so yeah people need if you're in any kind of intellectual thing or really anything that relies on high quality decisions you need here's my free advertisement sam altman like you should use something like chat you should just get whatever the cutting edge thing is because it's so much cheaper than people.

Speaker 1 And it really is replicating and replacing a bunch of human beings. Oh, yeah, well, let's return to that for one second before we go back through.

Speaker 1 So a point you made very early is that energy transformed into work has substituted for labor. And so we trade energy for labor.
And

Speaker 1 now we're trading energy for intelligence and intelligence itself is a labor multiplier. So

Speaker 1 the question is, well, is trading energy for intelligence a good trade? It's like, well, that's

Speaker 1 what we do. That's what human beings do.
Is

Speaker 1 buying intelligence really cheaply a good thing? Right. Right.
It's a good thing for every individual who buys it. So in the aggregate, it's probably going to be pretty good.
Yes, yes.

Speaker 1 Well, and it's what you want to do when you hire someone to do a complex job. You're going to

Speaker 1 pay for intelligence. Like, it's so, just as one final digression, people are just so,

Speaker 1 they just don't yet realize how much, how efficient it's going to be to use these things for not every application by any means, but for many applications, they have all these things like, oh, it's not always, it doesn't always get directions properly.

Speaker 1 Oh, really? All your human employees always get the directions correctly? Right, right.

Speaker 1 Like at this point, ChatGPG Pro is better than almost any human you will ever employ in terms of, in terms of following directions.

Speaker 1 Like it is really, really good in terms of just, if you write out what you think, if you say it in a circuitous way, it is pretty damn good.

Speaker 1 And in terms of like the output, this is another thing I think people don't get is like, for instance, I'll give you an example.

Speaker 1 I was running this CO2 thing, like this natural gas CO2 thing, and I ran it with the non-pro version of ChatGPT.

Speaker 1 And it gave me a false thing that was something like, I wanted to know how much volume of natural, how much,

Speaker 1 how does the volume of natural gas compare to the volume of CO2 generated?

Speaker 1 Because one way to think about this idea of let's capture, let's use fossil fuels and capture the CO2 is you need to build a whole new industry for the captured CO2.

Speaker 1 So if it's a one-to-one ratio, right, if it's a one-to-one ratio of natural gas and CO2, then you need to basically double the size of the industry, right, in terms of piping it and putting it underground.

Speaker 1 And I thought it was a one-to-one. And then I was in the airport and talking to ChatGPT Plus, and it told me it was like 59 times.
I'm like, that sounds wrong, but if that's true, that's crazy.

Speaker 1 And I was sort of excited. I'm like, oh, wow, that's a blockbuster.
But then I was like, I ran it the other day with ChatGPT Pro and said, no, no, no, it's one to one, which made more sense to me.

Speaker 1 But it's like, okay, yes, sometimes it'll make a mistake like that, but I don't go to print with that thing without confirming it by an expert. But often,

Speaker 1 but even if it's right 95% of the time or 98% of the time, you can often get, I don't have the perfect words for this, but you can often get like the shape of what the solution will look like, even if not every value.

Speaker 1 is correct. So you can get the idea of, yeah, you do need to build a whole new parallel industry and it would cost a lot of money, even if it's your estimate is 50 times too high.

Speaker 1 you can help think through it so just the fact that it can make errors a humans can make errors too but it can really help you explore territory and develop ideas very very quickly and then what you might find is that you make one or two errors at the end but usually those are not decisive errors that throw out the whole project usually because every kind of thought process involves lots and lots of little uh assumptions and and interrelationships.

Speaker 1 And if you get 98% of that right, probably the overall thing is going to be right.

Speaker 1 Probably a very small percentage of the time, it's going to be, oh, there was one false assumption and the whole thing is wrong. I have yet to find that.
It could happen. It could happen.

Speaker 1 But so, yeah, I think people are just underestimating how good this stuff is going to be.

Speaker 1 Although, not the people who are demanding more energy so that they can make faster artificial intelligence systems. They're not underestimating it.
And that's what they're driven to do.

Speaker 1 And they may be even overestimating certain things. And it could be we're back in five years.
And yeah, there there might even be a bubble in certain ways.

Speaker 1 But at this point, it's obvious that for a lot of people, it's going to help them.

Speaker 1 And I would just say, as an entrepreneur who runs a small business that's very intelligence-based, it obviously helps me think much, much better.

Speaker 1 It helped me a lot when I was writing my last book.

Speaker 1 I used the AI systems a lot. Yeah, yeah, yeah.
To sketch out research domains, you have to check the references. You have to make sure it's not lying to you.

Speaker 1 You can do that. You have to be careful with it.
And you have to interact with it intelligently. But yeah, and we've built specialized AI systems too, that

Speaker 1 some of them based on my work that I consult because, well, that's an extension of my thinking. And that's been extremely helpful.
And so, oh, yeah, I should mention alexepstein.ai is now free.

Speaker 1 So people should check that out. Oh, yeah.
Okay. So that's that's now the latest version of Energy Talking Points is we're already having some elected officials use this for like floor speeches.

Speaker 1 Is you can have Alex AI write you a floor speech. And it's so we've spent a lot of money customizing an AI and it's AlexEpstein.ai.
Yeah, dot AI.

Speaker 1 And what it's really done is it's engineered with prompting that is very based on this even-handed and pro-human.

Speaker 1 You built that ethos into it. Yes.
And really, one thing it does really well is question assumptions.

Speaker 1 So it scans everything for, does this question or statement have an assumption that Alex Epstein would disagree with? So for example, if you say, hey, Alex, AI,

Speaker 1 how do we get to net zero by 2050 as quickly as possible? It doesn't just try to manufacture an answer. It says, would Alex agree that that's the right goal? Well, actually, I disagree.

Speaker 1 with, I don't think this is the right goal. I don't know if you can.

Speaker 1 Yes, exactly. Is it funny? Yeah, but that's one thing we had to.
That means the teacher currently reflects you. Yes, yes, exactly.
It's just as annoying in some circumstances.

Speaker 1 All right, let's go back to these five points. So in terms of liberating, so let's make sure to couple, at least one of the big things for this.

Speaker 1 So I would say with the liberating domestic development, one of the key things we need to do is address what's called NEPA. I don't know if you've heard this term.
You might have heard it.

Speaker 1 It's National Environmental Policy Act. So So this is one of the early environmental laws.
And NEPA is the thing, and I forget what the Canadian equivalent is.

Speaker 1 I think you just passed a new version of this that's nuts, but it's basically a duplicative review process. That's what NEPA is.

Speaker 1 So it basically says like any agency that does anything, it has to also go through an additional review for its quote-unquote environmental impacts or impacts on the human environment.

Speaker 1 I mean, it's worded something like any significant impact on the human environment. And significant is not defined, human environment isn't defined.

Speaker 1 So what it means is basically, and then it has to do with federal actions. So it's like a major federal action.
But what is a federal action? Is it anything where federal law applies?

Speaker 1 So originally it was supposed to be, okay, the federal government is building like a giant bridge that's a mile long or something like that.

Speaker 1 Is it going to cause any kind of major damage or something like that? And you write like a 10-page report. Now it's become every project imaginable is covered and it can take 10 years.

Speaker 1 And one of the major mechanisms is judges can sue. So NEPA has no official authority to stop anything.
It's just a review thing. But

Speaker 1 people can sue, activist groups can sue, and they can say, you didn't, you left out this bird on your NEPA review. So you throw it back.
And then the judge says, yeah, you have to do this.

Speaker 1 So in practice, this is the thing, which why we can't build any roads, why everything takes forever, why a mine takes something like 15 years to prove it.

Speaker 1 If you put your five points here into one of these AI systems,

Speaker 1 could you ask it, for example, if we were moving in this conceptual direction, what policy changes should be implemented, prioritized by their benefit to cost?

Speaker 1 I'll have to look now when I tried it a year ago, it was horrible.

Speaker 1 But it didn't have search back then. It didn't have a sophisticated processing.
So with the search, it would be, it's a good thing. I'll do it right after this.
Yeah, you see.

Speaker 1 Because it's a Pareto distribution issue, right? There's going to be a couple of things you could change. They're going to have a disproportionately positive effect.

Speaker 1 And everything else is going to sort of

Speaker 1 interestingly with this kind of thing, it's often very efficient to just talk to a very smart lawyer. So, like, lawyers that we pay, like at the top end, it's like over $1,800 an hour.

Speaker 1 We'll pay lawyers, and it's worth it because you can just ask them, like, an expert in NEPA or an expert in electricity, like what really needs to change.

Speaker 1 Because you often find that the thing people talk about isn't the thing that really matters.

Speaker 1 So, with NEPA, some of the things are like one of the big issues issues is

Speaker 1 like one of the big kinds of solutions is you can, what's called limit NEPA to agency discretion.

Speaker 1 So basically the agency can do the NEPA review, but it basically decides, okay, we've done the review and it can't be challenged, like something like that.

Speaker 1 And it's fine because it's the agency's responsibility to review the thing.

Speaker 1 You don't need to put everything in double jeopardy and just take forever and have outside people allowed to question your review. And basically, if it's the that just makes it impossible.

Speaker 1 Yeah, that's that's what it is. So that's this kind of thing where when politicians will talk about NEPA, they'll often say something like, let's limit the length of the process, right?

Speaker 1 Let's limit an environmental impact statement to two years or one year, or what's called an environmental assessment to a smaller amount of time.

Speaker 1 But they don't fully get that if you you can still have infinite litigation on that. So even if you set a shot clock, if you have infinite ability to challenge it.

Speaker 1 So that's the kind of example where, and there's like specific fix that won't work.

Speaker 1 Okay, I'm going to guide you through these one at a time. So, I think what we should do is let's go through them one at a time, and you can hit the highest point.

Speaker 1 Okay, they'll hit the highest breach, and then we can go back. Yes, we still have to get a good point.

Speaker 1 Okay, so that's the highest point for liberating development is really limiting NEPA's ability to delay projects, but addressing the real forces. That's a red tape reduction process.

Speaker 1 Yeah, but it's like the ultimate one.

Speaker 1 So, if you're talking about Doge, like you got to go after NEPA, yeah, okay, okay, okay, got it, because it produces this infinite, exponentially expanding network of litigation in the aftermath of the review.

Speaker 1 Right. So activist groups can weaponize it.
Yeah. And behave.
Yes. It's their weapon.
Yeah. Right.
Okay. Great.

Speaker 1 The

Speaker 1 renewal subsidy issue. Yes.
So the ending preferences for

Speaker 1 unreliable electricity. So there's a lot of interesting ones here.
I would say the most important thing.

Speaker 1 is that FERC, the Federal Energy Regulatory Commission, has to become laser focused on reliability and secondary. That's a real conceptual switch, which it hasn't done.

Speaker 1 And so, one of the major employees, so right now it's focused on things like climate, right? So, it'll review a project and I'll say, is this project climate-friendly?

Speaker 1 Now, let me ask you, if you're approving a natural gas pipeline, how the hell can you tell? And climate is a global issue, and this is going to be de minimis.

Speaker 1 How do you decide is it going to add more? Like, it's not its job at all.

Speaker 1 It has no statutory right to discuss that kind of thing, but it's threatening all sorts of projects on the grounds of, I think think this will lead to slightly more greenhouse gases in the world or slightly less.

Speaker 1 Like, so it needs to get out of that. So, that's one thing: it is

Speaker 1 getting out of this whole set of issues. So, part of that is the focus.
Right. So, is your point there that

Speaker 1 I think it's related to the point that you made earlier is that there's going to be criteria for acceptable sources of power. And one of the fundamental criteria is going to be reliability.

Speaker 1 Well, that's actually you're anticipating what I was going to say next. So, one thing is just get

Speaker 1 non-electricity concerns out of the mix, except for safety. Like it has a mandate of safety, like if your power lines are endangering people and this kind of thing.

Speaker 1 But FERC should have nothing to do with climate or anything like this.

Speaker 1 And this is going to be related to the climate thing. We have to get rid of the whole of government climate agenda.
But then to your point, yeah.

Speaker 1 So it means exclusively focusing on reliability and cost and also safety. But then it also means it needs to do new things.

Speaker 1 And in particular, it needs to have some sort of national reliability standards which it doesn't have and this there's a lot of complexity as to why because technically FERC is not allowed to regulate what's called uh

Speaker 1 generation

Speaker 1 but the way FERC oversees a set of institutions called RTOs and ISOs RTO stands for regional transmission

Speaker 1 it's operator organization and then independent system operators and they are these uh interstate entities. So you'll sometimes hear about like PJM or

Speaker 1 ERCOT is not quite one of these or like Cal ISO. That's what we have here in California.

Speaker 1 But most of them, like MISO is a big one that'll cut across, say, Indiana and Iowa and multiple states like that.

Speaker 1 And what's happening is these are electricity organizations that are supervising all of the, you know, all the electricity among all these states, but they're imposing no reliability requirements on the states.

Speaker 1 And so this is allowing certain states like Iowa to just build a whole bunch of unreliable generation and then parasite off Indiana's coal plants.

Speaker 1 And what's happening because there's no real real oversight on reliability is we're getting a nationwide decline in reliability. And I used to dig deep into these things.
And what happened is

Speaker 1 someone will put forward like what's called an IRP, an integrated resource plan for their electricity.

Speaker 1 And their plan will be like, we're just going to build all this intermittent stuff and we're going to get the excess from the grid.

Speaker 1 But nobody's responsible for the grid being reliable. So everyone's making these plans to do unreliable stuff and saying we're going to get the rest of it from the grid, but nobody's responsible.

Speaker 1 But there is no grid. Yes, exactly.

Speaker 1 So that's a key thing is they need to have some sort of, if they're going to, if we have this system, like this regional system that we have, they need real reliability standards there.

Speaker 1 And that relates to the concept I mentioned earlier of like tech, technology neutral, like dispatchability standards.

Speaker 1 And that means you don't prohibit solar and wind, but you require them to be firm or reliable. And that, and then generators can meet that however they want.

Speaker 1 If they think they can do a solar plus storage, if they think they can do a solar plus gas or solar wind, like let them experiment, but don't allow people to sell unreliable electricity onto the grid and then have everyone else pay for it.

Speaker 1 So that's

Speaker 1 compromised the reliability of the grid across time in a degenerating way. Of course, yeah, pay for it in the financial sense, but ultimately in the reliability sense.

Speaker 1 And the cost that we pay for electricity in dollars is nothing compared to the cost of unreliability. I mean, the cost of unreliability is, I mean, you can see it's literally death

Speaker 1 in a case like the Texas freeze. I mean, just imagine the the grid goes out for a week.
Like you don't pay that electricity. It's a little bit of a Alberton to think about.
I mean, yeah.

Speaker 1 I mean, in any kind of cold, like where we are today is, you know, in Hollywood Hills. Yeah, maybe like, but even there, right, your whole system gets, you're in, like, the way to think about it.

Speaker 1 Oh, your food's cost. Electricity, like.
In the way I think about environment, as in like the environment, our environment is everything that affects our well-being.

Speaker 1 Like there's no more important aspect of the human environment than electricity. Right.

Speaker 1 Like that is, I mean, that and maybe the roads and transportation system, system, like those two things, without those, your environment is destroyed, you regress, the world cannot support 8 billion people.

Speaker 1 So like any threat to reliability is just such a catastrophic cost in terms of lives and then in terms of industry, right?

Speaker 1 Because if you start to have any kind of frequency of blackout, you just can't support any industry, which means your country is. There are some kinds of industries that depend on being on 100%.

Speaker 1 Which is why these tech companies, guess what they're doing?

Speaker 1 They're starting to not build things on the the grid. They're starting to build things off the grid because they can't.

Speaker 1 So what's going to start to happen, and this is going to lead to outrage, is they're going to be partially on the grid. They're going to be sucking up a lot of electricity.

Speaker 1 Consumers are going to have outages.

Speaker 1 And then they're going to learn that these companies are both taking reliable electricity from their grid while promoting solar and wind and that they're building their own natural gas.

Speaker 1 while touting 100% renewable. So to avoid this PR nightmare, they should join me and pro-freedom people and be pro-electricity and pro-fossil pro-fossil fuel.
So that's on the electricity side.

Speaker 1 It's like the focus on reliability, including federal reliability standards over the RTOs and ISOs. Environmental quality cost-benefit analysis.

Speaker 1 I mean, this is such an interesting one. I mean, the core thing is you need to do,

Speaker 1 you need to calculate very carefully the benefit. So let's just start with the benefit.
So the cost people can probably guess. You need to look at the full cost of a given policy.

Speaker 1 So if you're talking about let's lower what's called PM 2.5, like let's lower it from, you know, 10 to 8, like what you know, whatever kind of level of microns they're talking about.

Speaker 1 Like, you have to look at what is the cost of doing this throughout the economy. And they totally fail to do this for a number of reasons.

Speaker 1 But let's talk about the benefit side, because this is often something that trips people up where they think, like, oh my gosh, I want clean air. I don't want to die, right? I don't want to choke.

Speaker 1 So, there, people are very, very sympathetic to incremental reductions in air quality standards.

Speaker 1 But what you have to realize is those

Speaker 1 at certain thresholds, those have little or no benefit. I mean, with any kind of

Speaker 1 things that might be used for the business. So that's the cost.
But just to give you a sense of how skewed the benefit calculations are,

Speaker 1 the EPA calculates that the Clean Air Act gives us $15,000 per household per year in value. Like where the hell, think about how much a household makes.
Right. But it's like a quarter of their income.

Speaker 1 Like, how do they calculate this? Well, they have this whole system of dramatically inflating the benefits of things. And some of this is just using speculation, like

Speaker 1 very loose correlation as causation, engaging in all sorts of speculation.

Speaker 1 But the most obvious one, which I think people are afraid to address, is what they call the value of the statistical life, which is an absolute scandal the way we do it.

Speaker 1 So the way they do it is they'll say, every life, like we're going to assign $10 million per statistical life. And people feel like, oh, wow, that's a lot of money.
You must really value life.

Speaker 1 Like the higher the value you accord to life, you must be a really nice person. But what does it mean to give higher value to that?

Speaker 1 That just means you're willing to pay $10 million of cost per life saved. But that means you're willing to take away $10 million from everyone else to prevent one life from being saved.

Speaker 1 So even that should be suspicious because the average person maybe has $1 million of productivity. throughout their life.

Speaker 1 So you're basically taking away the livelihood, like a 10X livelihood takeaway, if only it were that good.

Speaker 1 Because how is a value of statistical life calculated? It is calculated by literally any delay of death, even a day. So if you delay, if you can claim via speculation, well, you know,

Speaker 1 I'll just use myself, like myself, so I'm 44 now. Let's say when I'm 88, like I have something that says Alex will die on Tuesday instead of Wednesday, then I consider that a $10 million benefit.

Speaker 1 And therefore, I'm going to take away $10 million from everyone else, which is what they're doing in terms of things so it just leaves this insane looting of the economy in in the in favor of these just totally

Speaker 1 they're both speculative and then tiny things that no one would ever accept for themselves that's the thing like you have to think of it as what would you accept for yourself in terms of water how would you what would you replace that with like can you tie that tie that back to the energy issue that we're that we're focusing on so the the the the basic cost benefit you're making the case that the basic cost benefit assumptions underneath many of the current policies are radically wrong and counterproductive.

Speaker 1 So what would you replace it? Yeah, yeah. Oh, well, so you need it.
You need

Speaker 1 two elements. So one is you need a statistical life years.
You can't do life because what life does is it doesn't differentiate between a day and a hundred years, right? Which, of course, as humans.

Speaker 1 And ultimately, you have to think about it like we would think of as individuals rationally. And then if you have some sort of aggregate policy, then you need to think of it that way.

Speaker 1 So one is you think of it. This happened with COVID, right?

Speaker 1 Where people are like, oh, we saved a life, you know, somebody was about to die, but they can't see their grandchild because they might die a day earlier or something like, I want to see my grandchild.

Speaker 1 Or even a lot of old, older people said, this is a perfect example, right? Like, I'm willing to take the risk because it's worth it to me to be around my family.

Speaker 1 Like, I'm willing to, people are willing to take

Speaker 1 serious risks, not like the risk of. Like driving to work, for example.
Yeah, well, yeah.

Speaker 1 But, and you, so, but here they're acting like nobody's willing to take the risk of inhaling like a tiny minuscule percentage of what like, you know, like a couple cigarettes worth of PM like over, you know, a decade or two or something like this.

Speaker 1 It's just, it's just crazy. So what you need is you need to measure in terms of life years,

Speaker 1 and then you need a value that's based on typical human productivity because that's actually how we make decisions.

Speaker 1 Like if I'm deciding how much do I spend on medical care, it's based on my productivity. I don't get to say, you know what, I really value my own life.

Speaker 1 So I'm going to allocate $50 million to keep myself alive for six extra months in the ICU. Like you don't get to say that because those resources don't exist.

Speaker 1 Resources are potentially unlimited over time, but at any given moment, they are finite.

Speaker 1 And so to take them from one person, like to just allow people to have these irresponsible, like tiny delays of death that they don't even ask for, and then wreck the economy and wreck the young.

Speaker 1 That's what's happening. So, so that's a, yeah, that's an example of you go from death, $10 million per death delayed to a whatever lifetime productivity is for like a full life of life years.

Speaker 1 And that already will just dramatically reduce the benefit calculation. To give you a sense, there's a really so you're basically making the claim, if I understand it properly, that the

Speaker 1 thorny problem of how to calculate the economic, like the value of a life in economic terms is just to turn to productivity.

Speaker 1 What you basically say is, well, the typical person has a productivity level of this amount, and that's how we're going to value their life from the, that doesn't mean that's what their life is worth.

Speaker 1 Yeah, that's a different issue. It's their life-sustaining ability, yeah.
Yeah, well, you can't, you can't, you can't translate that into economic.

Speaker 1 Yeah, and so there are questions of do you how do you always use this in every situation? Are there alternative ways to use it? Because you don't even need to do that.

Speaker 1 I mean, you could also do other things like, hey, tell people what the general science is and then have them vote on, like, hey, what do you think is a good standard?

Speaker 1 So, insofar as you are, so I'm not saying this kind of economic calculation applies to every situation, but when you are using it, it needs to be like your productivity is your life-sustaining and saving ability.

Speaker 1 Right, right, right. And so, for every individual, that's how we rationally make decisions about delays.
Right.

Speaker 1 So, that's what we can afford to spend on a life, typically speaking, which is not the same thing as what it is.

Speaker 1 But it's not even, it's really like how much are you willing to take away from people's life-sustaining ability in order to limit this risk, right? Because, yes, yes, and that's

Speaker 1 what people need to realize is that the number one thing you need to like the number one, the biggest risk is depriving people of potential productive ability.

Speaker 1 And one reason is that you're not only depriving them of, like, of, of what you know they can do, but you're depriving them of, of innovation.

Speaker 1 And this, this, by the way, relates to the whole externalities fraud where people are like, oh, fossil fuels have so many positive, negative externalities. They're talking about positive.

Speaker 1 But every thing that frees up human time, and that's really what energy does, right? It frees up human time. One of the things it frees up time for is innovation.

Speaker 1 And innovation has an incalculably large positive externality to it because you don't know when it's going to lead to the internet, when it's going to lead to a cure for cancer. So the government.

Speaker 1 That's the economics. That's the economist's repos to the Malthusian biologist, right?

Speaker 1 It's like, it's not a zero-sum game because if you free up time for innovation, you've transformed the territory that would otherwise be zero-sum.

Speaker 1 Yeah, well, there's a question of is it ever zero-sum? I mean, the key thing to the Malthusians is they they don't understand. They think resources are taken from nature, not created.
Yes, right.

Speaker 1 Yes, yes. And then innovation is basically you're expanding your resource, you're expanding and amplifying your resource creation ability through the discovery of new knowledge.

Speaker 1 I call this in Fossil Future, what do I call this?

Speaker 1 It's called, I call it like the, oh my gosh, it's been so long since I've read my own book. But it's like, oh, the

Speaker 1 he would totally know this immediately. See, there you go.
I'm declining in some way, and he's, he's still going strong on fossil fuels. I can't run on fossil fuels, unfortunately.

Speaker 1 But it's, it's something like the, um, it's basically the vicious circle of, um,

Speaker 1 of like a low energy life where you just have very little energy and you can produce very little and you have very little time and resource for innovation. Yes, yes.
Versus the virtuous circle, right?

Speaker 1 What happens is like once you get, or I often call it like the hockey, you start to get that hockey stick thing because what happens is you free up time that teaches you how to become more productive, that frees up more time that teaches you how to become more productive and more productive and more productive.

Speaker 1 So in general, when we're doing environmental quality regulation, we need to, or standard setting, we need to be deathly afraid of anything that impedes productivity because impeding productivity is impeding health, including life expectancy.

Speaker 1 And that's not the way people think of it at all.

Speaker 1 They just think the only thing that matters with health is I want to breathe in less smoke and then I'll be like a little healthier versus no, you can like, you want to create life-saving cures.

Speaker 1 And by the way, you can create air filters and you can like,

Speaker 1 there's just, it's so stupid that we're just destroying our productive ability for these tiny little reductions in particulate that nobody would notice, which is different from the, the marginal benefit of if you have huge particulate pollution, right?

Speaker 1 And you have the wealth to lower it, then you should definitely do that.

Speaker 1 Or if you have a particular region that's very difficult, maybe you want to switch from, you know, diesel-powered buses to natural gas, diesel-powered trucks to like natural gas-powered trucks in a port.

Speaker 1 Like there are real real reasons to do this but the any calculation you're doing has to be based on rational things so that that value of that value of statistical life at 10 million dollars that's like a total killer for cost benefit analysis so i just i want people to know there are like 20 more of these it's so bad the way it's done but but fortunately i i think we we have solutions for all of them but but people just need to be aware of of the solutions and yeah well you can see why the approach that you're taking is difficult because as you cascade down the levels of abstraction to the detail, the details multiply and the complexity multiplies, right?

Speaker 1 And that's part of what's fun about it is it's like a big, it's a big frontier, but you also start to see commonalities.

Speaker 1 But yeah, it is, I'm still in the mode of, I mean, we figured out a lot, but I'm still, I feel like maybe two or three years from really feeling like I have a mastery of it.

Speaker 1 Because there's also so many areas, right? It's not just, but what I find is there's at a certain level of understanding, you

Speaker 1 can absorb most of the,

Speaker 1 you can kind of find

Speaker 1 there's always a level at which the details don't matter that much for the essential action.

Speaker 1 And like in energy, there are a million things somebody could quiz me about about energy technology, like something, something specific about the workings of an internal combustion engine, and they could catch me on that.

Speaker 1 But I still think I know everything I need to know about the workings of an industrial internal combustion engine for purposes of evaluating energy.

Speaker 1 And so there's the thing of what details do you need to know to reach a guide, to guide policy? And

Speaker 1 it's a lot, but it's not infinite. And one of the things I think I do well is know, is be very purpose, like, for better or worse, I'm very purposeful in knowledge.
So I'm not the most curious guy.

Speaker 1 Like, I don't just like learn about the world and just study a lot on my own.

Speaker 1 I have specific goals and then I want to learn exactly as much as I need to achieve that goal and know more.

Speaker 1 So I have these really weird gaps where if somebody catches me, it'll look like, how could you? I thought you were a smart guy. Like, how could you not know that?

Speaker 1 But then with the goals, I do feel like, oh, yeah, I either know what I need to know or I know what I need to know.

Speaker 1 So at the moment, I have plenty of gaps, but I also know like, oh, here's the direction to go. But the direction is not, I'm going to become the world expert on every detail of the Clean Air Act.

Speaker 1 But I can tell you the Clean Air Act is a piece of garbage and why it's a piece of garbage and how fundamentally it needs to be reformed.

Speaker 1 Fundamentally, it does not allow you to consider the cost of air quality improvements.

Speaker 1 So that's a big flaw. Right, right.
That's a big flaw. Because you could literally use the Clean Air Act to justify killing the entire population on the ground because it's a health benefit.

Speaker 1 Because we're going to get rid of all this particular emission by killing everybody, but we're not allowed to look at the cost of killing everybody.

Speaker 1 So we don't want to program an AI with the clean air. Exactly.
Yeah, exactly. No kidding.
Not make it an agent anyway. Right, right.
Climate resilience.

Speaker 1 Oh, so I mean, this is kind of the one that's pretty easy in terms of what people would expect, I would say, in terms of unwinding the whole of government approach and reforming the, I mean, reforming the international institutions is a big one, too.

Speaker 1 But maybe the one we'll focus on is, and then, of course, unleashing all energy innovation, which we'll talk about nuclear. We talked about NEPA.
That's key to all energy innovation.

Speaker 1 But let's see, what was I? Oh, maybe the key one to talk about is the resilience itself, because

Speaker 1 the broader term I use is called climate mastery.

Speaker 1 So it's the ability of using energy and machines and technology and intelligence to neutralize climate danger and amplify or create climate opportunity or benefit.

Speaker 1 So an example of the latter would be take like a definition of civilization. Yes.
Well, civilization is environmental mastery, right? We've civilized nature. People used to realize that.

Speaker 1 They used to not worship the unimpacted environment. They used to want to civilize it so that they could.
And that's because they had to live in it. Yes, exactly.
That's for sure.

Speaker 1 It's like if you live, right, people, people live in our mastered, you know, civilized environment and they think everything they like about it is natural and everything they dislike is unnatural.

Speaker 1 It's human, it's human created.

Speaker 1 But yeah, so the mastery element, so we can do things like make, you know, a snow, a very snowy area into an expensive paradise, like snowbird, Utah, where I'll go snowboard a lot, right?

Speaker 1 That used to be a menace, but through climate mastery, we've made it a very expensive destination through the, you know, warm buildings and the synthetic clothing and stuff.

Speaker 1 So one point about climate people need to get is there's not even really such thing as a climate negative, depending on your level of mastery.

Speaker 1 Because anything, like if you have enough mastery, you can sort of make use of it. I live in Scottsdale.
Right. It's a desert.
Yeah. And it's really nice to live there because there's water.
Right.

Speaker 1 Right. Yes.
It'd be a rough place otherwise. And at some point, you know, we'll be able to.
people will customize the temperature there more and do all sorts of stuff.

Speaker 1 And hurricanes, like if you could harness the energy of a hurricane, you would be thrilled every time a hurricane came around, right?

Speaker 1 So, so you have to have that mentality with climate danger that the higher your level of mastery, the higher your level of resilience, and any given challenge ceases to become a problem.

Speaker 1 And it can, in fact, become a benefit. Like the snow can become a benefit or heat can become a benefit when it was a harm before.

Speaker 1 Or endless sunshine in the desert for solar panels. Yeah, but it's not really endless, unfortunately.
It's not like being out in space. If it were out in space, then it would be a lot better.

Speaker 1 Well, then you have to beam it to the ground, right? But it's unfortunately not endless all the time. Otherwise, it would be nice.
It would be a lot better.

Speaker 1 We could make a lot more use of solar, which has certain advantages. Like, it's really cheap to make the panels, but its fuel source is very problematic.

Speaker 1 But if we take so mastery, like maybe an area to focus on is something like wildfires, where because wildfires is an important area of mastery, because it's the one where the green anti-developed movement has most impeded us.

Speaker 1 So with most things, like we're not actually, people think we're more endangered from hurricanes, we're less. They think we're more endangered from floods, we're less.

Speaker 1 And a lot of that is we've at least semi-allowed ourselves to master our environment. Now, the more governments are

Speaker 1 controlling these things, we're leaving a lot of opportunity on the table, including we reward people for we give them free flood insurance, so we reward them for living in disaster-prone areas.

Speaker 1 Policies like NEPA prevent you from being more resilient more quickly. So

Speaker 1 there's all sorts of ways in which we're not mastering our environment and making it climate resilient to the extent we could. I'd say DeSantis in Florida is a good counterexample.

Speaker 1 He's very focused on the right kinds of things. Like, hey, let's harden our grid.
Let's harden our infrastructure. Let's lower the number of days we have down.
Like he's, he's very good on that.

Speaker 1 I think he has that kind of mentality and he's. that state seems very open to that kind of leadership.
But around the country, we don't have that as much.

Speaker 1 But wildfires are this very conspicuous thing where in many ways they've gotten worse, right? Like where you'll see, certainly in California, we have these dangerous, out-of-control wildfires.

Speaker 1 And of course, people jump to, oh, well, it's Mother Nature punishing us for our sins.

Speaker 1 Like, if only we hadn't used those evil fossil fuels, we would have a totally, you know, pristine, lush forest that never caught on fire and never endangered anyone.

Speaker 1 So we just have to make a net zero pledge, and then we'll have no emissions. The rest of the world will have no emissions, and then the forest will like us again.

Speaker 1 That's like Newsom's plan, more or less. Basically, exactly his plan.

Speaker 1 So, but actually, it's pretty easy to deal with dangerous out-of-control wildfires.

Speaker 1 Like, there are places that deal with this very well, because really, they are dangerous and out of control if they have a certain fuel load, like it, right, which is based on like the amount of

Speaker 1 dead wood and stuff that's allowed to accumulate. We learned that in Canada when Jasper, the town of Jasper burnt to the ground because people ignored the federal government.

Speaker 1 Yeah, it already ignored the fuel load that was gathering around the town, despite repeated warnings.

Speaker 1 Yeah, and you've seen, I mean, there are books going back decades talking about around the country that this is, this is a problem.

Speaker 1 And the way I think of California is we've engineered through like government-controlled land, federal and California-controlled land, and these green policies that basically say thou shalt not interfere with nature.

Speaker 1 You've just allowed this huge accumulation of fuel load.

Speaker 1 You have this often these huge, unbroken things of forest, which people think are a good idea, but that's just the ultimate environmental hazard.

Speaker 1 Like the California forest is the biggest environmental hazard in the United States. If it were a company, it would not be allowed to exist because it's such a big threat to just allow all this.

Speaker 1 It's just like, it's basically like building a forest bomb the way we've set it up. So we need to take advantage of fuel load management, including logging, which we used to be allowed to do.

Speaker 1 Like that's a hugely important thing. You need to have things like fire breaks.
And like we should really think of how do we engineer the forest so that it's really, really manageable.

Speaker 1 But that requires this pro-human way of thinking about things. And I think this is an issue where Trump's definitely on the right track about it, but

Speaker 1 he recognizes, you know, it's the forest management thing.

Speaker 1 We need to be open to a lot of stuff, including ultimately how much of this can, I mean, I don't think the current administration or Congress will do this, but like how much of this can be privatized or how can you, but you really need to start to think of forests as an environmental danger.

Speaker 1 You cannot just allow them to exist. You can't allow anything in a society to exist in a way that is a mortal danger.
to the human population.

Speaker 1 Well, or even to the forest itself.

Speaker 1 I mean, one of the problems, as far as I've been able to tell, is that if forests are managed in such a way that that undergrowth builds up and builds up, when they do burn, which they will, they can burn so hot that they burn the topsoil out.

Speaker 1 Yeah. Right.
So that's obviously not good for the long-term viability of the forest itself. Yeah.
I mean, that's a question of when you're thinking, what exactly does that mean?

Speaker 1 Like, who is the forest is just a collection of things. So it's not like the forest is like one little

Speaker 1 forest being. But yeah, in terms of the forest for any purpose you would want it for, right? Yeah.

Speaker 1 And but it's just, we have this very like religious, uh, unimpacted nature worship attitude toward toward forests in particular, I think.

Speaker 1 And that's not what our ancestors that's where the unicorns hang out, you know.

Speaker 1 I guess, I guess, I don't know. It's just everyone loves these areas like Alaska and the California forest where they don't go, but they really want them unchanged.

Speaker 1 And they're really willing to inflict a lot of harm on the local residents. Alaska is the ultimate example.
Everyone claims to care about the Arctic.

Speaker 1 I don't know why you're so against development in a place where there's almost no life. Like, why are you so against that?

Speaker 1 The reason is because there's not much there, and it's always easier to oppose progress in a new area than an existing area.

Speaker 1 That's why they focus, but it doesn't make sense.

Speaker 1 Why are you against drilling in the Arctic? There's no, there's, there's so little there. Like, you'd be much more against drilling.

Speaker 1 It's white. It's white.
It's white, but they don't want to get dirty. They don't.

Speaker 1 Well, it's something like that, but it's a purity violation. But it's always, it's to your point, they're not in it.
They're not near it. So they just have this fantasy in their head.

Speaker 1 If they were in it, they would die, too. Yeah, you're like, if you go outside there, yeah, you're not like, yeah, maybe we do need some oil here

Speaker 1 to keep us.

Speaker 1 Quickly. Yeah.
Okay, so let's close with comments on nuclear. On the nuclear.
Okay, yeah. So nuclear, there's a bunch of different things.

Speaker 1 But at the core of it, the biggest problem by far is how we make policy with regard to the allowable amount of radiation from a plant. And this is a very important thing.

Speaker 1 It's the same thing thing with the air, the air quality issue. It's like you need to set a standard that is lit, that is overall healthy for human life.

Speaker 1 If you minimize, the worst thing you can possibly do is set a standard so low that it has little or no benefit to human health, but a massive cost. Right.
Right.

Speaker 1 And nowhere has, because it's always hard to limit the kind of natural emission of something to near zero. Right.
And in the case of nuclear, it's like radioactivity. In particular with nuclear,

Speaker 1 it's radiation in the event of some sort of radiation release.

Speaker 1 Because part of what they're doing is it's not just radiation under normal circumstances, but radiation in the event of like a meltdown or something like that.

Speaker 1 And they do what are called probabilistic risk assessments in there. But it's all, and when they do evacuations, it's all based on how do you measure the danger of radiation.

Speaker 1 So you need very precise measurements of radiation, and then you need very rational policies for weighing those risks against any cost that it, you know, to lower them, right?

Speaker 1 And so on both counts, we're wildly irrational because we measure the radiation risk 50 to 100 times too high through something called LNT, which is linear no threshold.

Speaker 1 Then I'll talk about how we do the policy. So

Speaker 1 with nuclear, think about sunlight, right? Sunlight is like many different substances and phenomena. It is healthy in certain quantities.

Speaker 1 It's like benign or healthy in certain quantities, and it is deadly in certain quantities. So if you go outside long enough, you'll get sunlight poisoning and die.

Speaker 1 Does that mean that any amount of sunlight is deadly? No, right? Because there's a threshold at which it is benign or even in the case of sunlight beneficial, right?

Speaker 1 Because if you get no sunlight, it's bad. This is true.
This is definitely true for radiation more broadly. There's a threshold at which it is benign and even arguably beneficial.

Speaker 1 There are lots of interesting studies about places with higher levels of radiation that people seem to have less propensity to different kinds of cancers.

Speaker 1 And it's very interesting, like bio, like the physics of it. But part of it is that, you know, the radiation,

Speaker 1 like what's happening is it attacks your cells in a certain way, but then they repair and it's kind of like muscle building.

Speaker 1 Like, do they, they actually need to be stimulated to a certain extent to do it. Like, like exposure to immunological agents.
Yeah, like childhood. Yeah, exactly.

Speaker 1 There are different versions of this, but yes. And so

Speaker 1 what's absolutely true is there's a threshold at which nuclear is safe.

Speaker 1 But the model that we use to measure nuclear risk is called linear no threshold, which means there is no threshold at which radiation from nuclear is safe. So what that means, to use an analogy of...

Speaker 1 So that's another zero problem.

Speaker 1 But it's a particularly, yeah, it's a really, really bad one because we set, what we do is we treat it as dangerous at any level.

Speaker 1 And then we set the level to be, the allowable level to be 50 times lower than that of nuclear workers, even though nuclear workers have zero sign of any damage whatsoever from their level.

Speaker 1 So it's at least 50 times too low.

Speaker 1 So think about that. You have to make something 50 times as your baseline, you have to make it 50 times lower.
So this just is the thing behind so much stuff. You have to way over build it.

Speaker 1 You have to have all sorts of backup scenarios to just prevent this. So we need to change the LNT model.

Speaker 1 And then on top of this, what's even more irrational is we have something called as low as the way we make policy. So we measure danger by this no threshold model.

Speaker 1 And we make policy by what's called a LARA, which is as low as reasonably achievable, which means we want it as like, and now you can ask, what is reasonable? Yeah, right.

Speaker 1 And that threshold would change as technology advances.

Speaker 1 Exactly.

Speaker 1 But it needs to be based on a scientific understanding of risk in the first place. So if you make a reasonable standard based on a 50 times too high,

Speaker 1 50 times too low level, so you're 50 times off in terms of what's safe, you're not going to be very reasonable. And in this case, what they do is they basically say,

Speaker 1 you can go even below. So let's say the standard should be here.
It's totally safe. There's no benefit in going below.
They put it down here.

Speaker 1 But then Alara says, you have to put it even lower because there's no threshold, right? So you have to put it even lower if it's reasonable to do so. How do they calculate reasonable?

Speaker 1 If nuclear at any given point in time is cheaper than an alternative, then it is reasonable to increase its cost. Oh, yeah.
Now let's look at what happens in the 1970s.

Speaker 1 Well, how expensive is natural gas in the 1970s? It is very expensive, right?

Speaker 1 And oil, which is a major source of electricity, right?

Speaker 1 We had an energy crisis with the Middle East and around the world. So great.

Speaker 1 What do the regulators say? Oh, well, nuclear is now too cheap.

Speaker 1 It's now reasonable to make it more expensive. So let's even lower the threshold more.
past the point of no benefit. But then what happens when natural gas and oil and coal get cheap?

Speaker 1 Do they ratchet back the nuclear regulation? No, they do not. So it's an infinite like ratcheting of totally useless regulation

Speaker 1 anytime nuclear has any advantage. So it basically prevents nuclear from ever becoming cheaper and makes it prohibitively expensive.

Speaker 1 So it's the fundamental risk model and the fundamental policymaking model are both broken. And so

Speaker 1 we need executive actions.

Speaker 1 announcing that this needs to change and then the NRC needs to have a dramatic reform process and or the NRC needs to be scrapped and we we need to have something new or put it out of the Department of Energy.

Speaker 1 So, what's interesting about talking to you? Well, I think, first of all, it's a sense of relief, I would say, because

Speaker 1 it's quite remarkable watching you delve into the details.

Speaker 1 You know, you differentiated the energy problem into five major tranches, and then you've developed this very detailed knowledge of each of those tranches.

Speaker 1 And it was obvious that we were just scraping the surface there. And it's like

Speaker 1 you can understand, it's easy to understand in consequence of talking to someone who's developed the kind of detailed knowledge that you've developed, just exactly why it is that so much public policy fails.

Speaker 1 There's a lot of work to be done at the level of detail. It's very, very difficult to understand exactly what the obstacles are.

Speaker 1 And it's very attractive intellectually and morally to hand wave at the highest level of abstraction possible.

Speaker 1 And that hand waving is part of the problem that that causes all the impediments, produces all the impediments that you've been describing. So now you're hoping, well, close.

Speaker 1 Just one quick comment on that.

Speaker 1 So I think one benefit that I've had is the combination of being a fairly well-known public intellectual and interested in working in the details. Like it's a very unusual thing.

Speaker 1 It's a very unusual thing because part of at the beginning in particular, like being a well-known public intellectual, particularly in energy,

Speaker 1 made it it easy to get in the door and to talk to people.

Speaker 1 But then, you know, if it's most other people, they have most other people, like their business is a sub stack or their business is like speaking or they're writing books.

Speaker 1 Like this part of why I'm not writing a book right now, I'm trying to write, you know, a new American energy policy and eventually I make a book, but I'm not thinking about a book right now.

Speaker 1 I'm thinking, cause, cause that's a total, you know, that's a really hard focus and it's a really distracting focus if you have a book deadline or a book contract and that kind of thing.

Speaker 1 But it's this unique position that i have where i'm well known for the ideas and they have a certain kind of trust and interest in me but then i'm super interested in the weeds and i have a team that's interested in the weeds and so when i can talk to any congressman or senator uh or and staffers and we work with like 300 joking boys we have 500 staffers like who are who get our stuff and are part of our group in one way or another that's a really in case anyone else wants to try it now you have to have the motivation because it's hard and and you are there's a trade-off with, at least temporary, with public notoriety.

Speaker 1 And it depends on how much pleasure one gets from the public notoriety. And there's a lot that's great about public notoriety, including you get to meet a lot of interesting people.

Speaker 1 But sort of my personal bent is I like the problem solving the most. So I'm quite happy.

Speaker 1 I like the public stuff too, but I'm kind of happiest doing the problem solving and figuring stuff out for myself. So that for me works very well and might work well for others.

Speaker 1 But I would just say that, yeah, if you're a well-known person publicly, there is this path of you can make a really big difference.

Speaker 1 And one of the differences I can make is I can make the market for the best political ideas being adopted into policy much more efficient because it's been really easy for me to get to know a very large portion of the people in power and have a trusted relationship with them.

Speaker 1 And I think that would have been impossible if I were not publicly known. I think it would have been so hard.

Speaker 1 Yeah, well, you're straddling this weird divide between public notoriety, which is, which is one skill set, and your ability to delve into the details of policy at a micro level. Yeah.

Speaker 1 That's a very rare combination of

Speaker 1 interest and ability. And the second, yeah, the second one is definitely still in progress.
And I need to give a lot of credit to the people that I work with, but it is.

Speaker 1 It is, I think that's, there are all these smart people out there that I have met, like these lawyers that I pay, or sometimes I don't pay them. These people have spent, you know, 30 or 40 years.

Speaker 1 And I'm the first person who's come to them, not who's come to them, but who's come to them and said, you know what?

Speaker 1 There's a real chance that if you explain your really good idea to me, an exact solution, it might become policy.

Speaker 1 And it sometimes takes a while because they're so cynical because they've spent their whole life like coming up with these good ideas and knowing that at least for some piece of the puzzle, they have the solution.

Speaker 1 But they don't have the public face. How are they going to get it to them? It's not like Senator X will talk to them or whatever, but Senator X will usually talk to me, A, because they knew me.

Speaker 1 And then now, now I and my team are a resource. That's what I'm part of what I'm excited about is the ability to be like a clearinghouse for the best ideas.

Speaker 1 And once you have that reputation, then the smart people will say, like, oh, you should really talk to Alex. It's worth your time because he can really get.
the ideas here.

Speaker 1 So I think that, and I can- Okay, so if policymakers and other interested people are watching, well, they can contact alexepstein.ia. No, no, no.
Well,

Speaker 1 sorry. No, no, they could contact.
No, anyone can contact alexepstein.ia. But if you really want help, contact alexepstein HI, human intelligence, which is alex at alexepstein.com.
That's just my

Speaker 1 address. And what about online resources apart from the AI system? Oh, so there's energytalkingpoints.com.

Speaker 1 And I would say the most important thing for people is just my, I was talking about substacks. I just have a substack.
It's free. It's just to, it's just to share my latest stuff.

Speaker 1 That's where they'll get this energy freedom platform. So alexepstein.substack.com.
Okay, well, we'll put all that in the description. Yeah, and I would just say one more thing.

Speaker 1 So in case it helps people and in case people want to join us, like one other benefit I have is that a few years ago, like I switched from just a public intellectual model to for the political work.

Speaker 1 I basically got it subsidized by creating a membership group where a bunch of people would contribute $25,000 a year.

Speaker 1 And they would like talking to each other and getting information from us, but they would agree to let me do whatever the hell I wanted with zero control. So we now have like 120 people in that group.

Speaker 1 So giving us a lot of resource.

Speaker 1 And they, on on their deal it is no lobbying no representation no control and that's a very fortunate arrangement to have where you can because that's what allows me to pay for all these really smart people like pay a lawyer $1,850 why do they pay it

Speaker 1 because they think because they think it's right I think I think they and at this point it's become

Speaker 1 also these networks at a certain stage become a benefit just to be part of

Speaker 1 part of the network and now like they we give them free access to our consulting which nobody gets except politicians. They like the inside.

Speaker 1 Now, now it's sort of become like a profitable thing to be part of Energy Talking Points, like to give your $25,000 membership. But at the beginning, it was, and I think this is why most people do it.

Speaker 1 It's just they believe in it.

Speaker 1 And by the way, these are for half the people, they're contributing post-tax dollars because not a 501c3 because we interact the hell with government, so we have no restrictions on our activity.

Speaker 1 But it's yeah, people really believe it, and then they see like this is a really efficient, like it's an unusually effective group that we have.

Speaker 1 And it's, it's like, uh, I just think, I think at this point, people who see what we're doing are like, wow, you guys really are making it easy for pro-freedom politicians to adopt great energy policies.

Speaker 1 Okay, so let's review.

Speaker 1 And for the people who are just going to be listening on audio, tell me again the right places of contact, your email address, and then the other proper places of further investigation online.

Speaker 1 So, alex at alexepstein.com. Yep.

Speaker 1 Alexepstein.substack.com to just get the latest talking points. And then the two big repositories are energytalkingpoints.com and alexepstein.ai.

Speaker 1 And so if you're anyone can email me, but particularly if you're a politician who wants help on this, like we're actively working on this right now.

Speaker 1 And I'm, yeah, I work with a lot of people, but I just want, I want everyone to at least know about us as a resource.

Speaker 1 And then if, yeah, and certainly if anyone wants to join our Energy Talking Points group, you can email me as well.

Speaker 1 So, okay, so for everybody who's watching and listening, we're going to switch over to the Daily Wire side now. As you, most of you know, that's going to happen.
That's another 30 minutes.

Speaker 1 I'm going to talk to Alex about some things that are more personal.

Speaker 1 I want to talk to him about how he learned to be an effective public speaker, because when he started doing this and started envisioning it, he was absolutely terrified by that proposition.

Speaker 1 And so I'm very interested in how he...

Speaker 1 how and why he overcame those initial hesitancies and inadequacies, let's say, or inabilities. We want to talk about how to improve your information diet.

Speaker 1 So I suppose, suppose, and that's something that Alex introduced to me, that idea just before we started the podcast.

Speaker 1 And I presume that's a way of strategically approaching the problem of what sources of information you expose yourself to online and elsewhere, and elsewhere.

Speaker 1 And we're going to talk about parenthood as well, because... and how maybe you balance that with a productive career because Alex has recently become a new father.

Speaker 1 So if you want to join us on the Daily Wire side for that, we've got another half an hour to spend with Alex Epstein and in the meantime, Thank you, sir. Thank you.

Speaker 1 It was a lot more fun to do it in person. Yes, definitely, definitely.
It was, yeah.

Speaker 1 Well, I'm also struck, you know, like I really enjoyed talking to you the last time we talked, and I've enjoyed talking to you every time we've met, but, you know, you seem to be operating at

Speaker 1 another plane of analysis at the moment. And it's really quite something to see.
I mean, you're a wealth of information that's not only

Speaker 1 very well thought through from the perspective of first principles on the philosophical side.

Speaker 1 But all of that's integrated with all this wealth of detailed information that you have at hand.

Speaker 1 And that should be an invaluable resource for public policy makers who actually want to make a difference in this pro-human direction that you've described, which is of crucially important to everyone, crucially important to everyone.

Speaker 1 So thanks. And it's really, I'd just say it's really fun to, I think it really suits me in particular to like actually have exactly what people should do.

Speaker 1 Like one of the challenges earlier in my career is like, yes, here's how to think about the issue, but then what do you do? And I was kind of jealous of those people.

Speaker 1 It would be like, call your congressman and tell them to support Bill 4A.

Speaker 1 And now it's sort of like, oh, I can tell you, here's exactly what to do. So there's a satisfaction that most people in business have that I think some,

Speaker 1 I think you probably, I mean, you certainly have this, I'm sure, in psychotherapy. Behavioral psychotherapy in particular.
And in advising people in general, right?

Speaker 1 Like you, you tell them what to do on some level of abstraction and then they get the benefit from it, which is, it wasn't quite that way just telling people how to think about energy yeah well there's something to be said for clarifying things conceptually and there's something else to be said for differentiating the conceptual into the behavioral here's something you could actually do that will serve these ends yeah yeah that's that's kind of an optimized approach isn't it because you clear up the conceptual and you lay the groundwork for a practical movement yeah it's almost as a means to doing it and it ultimately ends in some action that will lead to a lot of benefit for the person right which is a meaningful action yes, exactly, yeah, yeah, yeah.

Speaker 1 Good to see you, man, likewise, yeah, yeah, great talking to you, yeah, and great listening for sure. Yeah, anyways, thank you, everybody, for your time and attention today.

Speaker 1 And uh, check out the web resources that Alex described, and you can, uh, especially if you're politically minded and in a position of political authority, because there is a tremendous amount of work to be done in the domain that Alex is describing that could have nothing but you know an endless stream of positive benefits.

Speaker 1 So, we want to get right on that.