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The 7 most important truths about our energy future

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17 minute read

From EnergyTalkingPoints.com

By Alex Epstein

At Jordan Peterson’s ARC (Alliance for Responsible Citizenship) conference I was asked to share the most important truths about our energy future.

I boiled it down to 7. Understand these and you’ll be a better thinker than 97% of energy or climate “experts.”

GIM 7 most important truths

Energy Truth 1

To decide what to do about fossil fuels and other forms of energy, we must carefully weigh their benefits and side-effects.

  • When evaluating what to do about a product or technology—e.g., a prescription drug—we need to carefully weigh the benefits and side-effects of our alternatives.

    But most “experts” just focus on fossil fuels’ negative climate side-effects.

  • It is particularly crucial to weigh any negative climate side-effects of continuing fossil fuel use against the climate mastery benefits that come with them, as those benefits can neutralize or overwhelm negatives.

    E.g., more energy powering heating and cooling, irrigation, building, etc.

  • Example of fossil-fueled climate mastery overwhelming negative impacts: drought.

    Any contribution of rising CO2 to drought has been overwhelmed by fossil-fueled irrigation and crop transport, which have helped reduce drought deaths by over 100 times over 100 years as CO2 levels have risen.1 drought deaths

Energy Truth 2

Fossil fuels for the foreseeable future will remain a uniquely cost-effective (affordable, reliable, versatile) and scalable source of energy.

  • Myth: There are no real benefits of continuing fossil fuel use because it can be rapidly replaced by mostly solar and wind.

    Truth: Fossil fuels are and for decades will remain uniquely cost-effective: affordable, reliable, versatile—on a scale of billions of people in thousands of places.

  • Myth: Fossil fuels are being rapidly replaced in an “energy transition” to solar and wind.

    Truth: Fossil fuel use is 80% of the world’s energy and still growing despite 100+ years of aggressive competition and 20+ years of political hostility and massive solar and wind favoritism.2 primary energy consumption by fuel

  • Myth: Fossil fuel use will soon rapidly decline because countries know “green” energy will be cheaper.

    Truth: Countries that care most about cheap energy are pro-fossil fuels.

    E.g., China, which uses mostly coal to produce “green” tech, has over 300 planned new coal plants designed to last over 40 years.3

  • Myth: Solar and wind are growing fast by outcompeting fossil fuels with superior economics.

    Truth: Solar and wind are growing fast only when given massive government preferences—mandates, subsidies, and no penalty for unreliability—along with crippling government punishments of fossil fuels.

  • Myth: Solar and wind are now cheaper than fossil fuels.

    Truth: For the overwhelming majority of the world’s energy needs, solar and wind either can’t do what fossil fuel can—e.g., non-electricity energy uses such as airplanes or cargo ships—or are far more expensive.4

  • Myth: Solar and wind electricity is getting so cheap that it will lead to rapid electrification of the 4/5ths of today’s energy that is not electricity.

    Truth: When you factor in full cost of the 24/7 life support that unreliable solar and wind electricity need, they are far more expensive.5 TX freeze 2021

  • Fossil fuels are uniquely able to provide energy that’s low-cost, reliable, and versatile on a scale of billions of people. This is due to fossil fuels’ combination of remarkable attributes—fossil fuels are naturally stored, concentrated, and abundant energy—and generations of innovation by industry.
  • There is currently only one energy technology that can match (actually exceed) fossil fuels’ combination of naturally stored, concentrated, abundant energy: nuclear. Nuclear may one day outcompete all uses of fossil fuels, but this will take radical policy reform and generations of innovation and work.

Energy Truth 3

The more cost-effective and scalable energy is, the more human beings can flourish on this naturally deficient and dangerous planet.

  • Myth: The Earth will be a highly livable place—stable, sufficient in resources, and safe—as long as we don’t impact it too much.

    Truth: Earth is very inhospitable—dynamic, deficient, dangerous—unless we have the productive ability to transform and impact it to be abundant and safe.

  • The more energy is cost-effective—affordable, reliable, versatile—and scalable to billions of people in thousands of places, the more people can use machines to produce the values they need to flourish on this naturally deficient and dangerous planet.
  • Thanks to today’s unprecedented availability of cost-effective energy (mostly fossil fuel) the world has never been a better place for human life. Life expectancy and income have been skyrocketing, with extreme poverty (<$2/day) plummeting from 42% in 1980 to <10% today.6 Poverty headcount

Energy Truth 4

Given that the vast majority of the world is energy-poor, the world needs far more energy as quickly as possible.

  • The world needs much more energy.

    Billions of people lack the cost-effective energy they need to flourish. 3 billion use less electricity than a typical American refrigerator. 1/3 of the world uses wood or dung for heating and cooking. Much more energy is needed.7 primitive biofuel use

  • Myth: Poor countries will “leapfrog” fossil fuels and go right to solar and wind.

    Truth: No rich country has been able to abandon fossil fuels even at huge cost, while every dramatic increase in wealth has involved fossil fuels: Japan, Singapore, South Korea, China, etc.

    Poor countries are not guinea pigs.

  • The desperate lack of life-giving, cost-effective energy means that any replacement for fossil fuels must not only provide energy to the 2 billion who use significant amounts of energy today but to the 6 billion who use far less. Rapidly eliminating fossil fuels would be mass murder.
  • Summary: Fossil fuels are a near-term irreplaceable source of the scalable energy humans need to flourish.

    With fossil fuels billions more people can have the opportunity to flourish. Without them, billions of energy-starved people plunge into poverty and early death.

Energy Truth 5

Any negative climate side-effects of our massive fossil fuel use so far have been completely overwhelmed by their climate mastery benefits—as evidenced by the 98% decline in climate disaster deaths over the last 100 years.

  • Myth: We are more endangered than ever by climate because of fossil fuels’ CO2 emissions.

    Truth: We have a 98% decline in climate disaster deaths due to our enormous fossil-fueled climate mastery abilities: heating and cooling, infrastructure-building, irrigation, crop transport.8 climate disaster deaths

  • Myth: Even if climate-related disaster deaths are down, climate-related damages are way up, pointing to a bankrupting climate future.

    Truth: Even though there are many incentives for climate damages to go up—preferences for riskier areas, government bailouts—GDP-adjusted damages are flat.9 weather losses

Energy Truth 6

Mainstream climate science predicts levels of warming and associated climate changes that human beings can continue to master and flourish with.

  • Myth: Even if we’re safe from climate now, we can expect future emissions to lead to disaster.

    Truth: Since today’s unprecedented safety exists after 100+ years of rising CO2, and with 1° C warming, we should be skeptical that further CO2 rises will somehow overwhelm us.

  • Climate mastery is so powerful that for CO2 emissions to be apocalyptic enough to justify rapid fossil fuel restriction, let alone elimination, they’d need to have unprecedented impacts like:
    • Seas rising feet per decade
    • Storms becoming 2 times more powerful

    Science shows nothing like this.

  • Myth: Future warming is ominous because heat-related death is already such a catastrophic problem.

    Truth: Even though Earth has gotten 1°C warmer, far more people still die from cold than heat (even in India)! Near-term warming is expected to decrease temperature-related mortality.10 fewer cold deaths

  • Myth: Future warming is ominous because it will be worst in hot areas.

    Truth: The mainstream view in climate science is that more warming will be concentrated in colder places (Northern latitudes) and at colder times (nighttime) and during colder seasons (winter). Good news.11 warming pattern

  • Myth: Future warming will accelerate as CO2 levels rise.

    Truth: Mainstream science is unanimous that the “greenhouse effect” is a diminishing effect, with additional CO2 leading to less warning.

    Even IPCC’s most extreme, far-fetched scenarios show warming leveling off.12

  • Myth: We face catastrophically rapid sea level rises, which will destroy and submerge coastal cities.

    Truth: Extreme UN sea level rise projections are just 3 feet in 100 years. Future generations can master that. (We already have 100 million people living below high tide sea level.)13 sea level projections

  • Myth: Hurricane intensity is expected to get catastrophically higher as temperatures rise.

    Truth: Mainstream estimates say hurricanes will be less frequent and between 1-10% more intense at 2° C warming. This is not at all catastrophic if we continue our fossil-fueled climate mastery.14 hurricane projections

  • Myth: We face catastrophic increases in dangerous wildfires, an “Earth on fire.”

    While the media increasingly reports on fires and draws connections to warming, the world burns less than 20 years ago and far less than 100 years ago. Fire danger primarily depends on human mastery.15

  • Summary: Continuing fossil fuel use will lead to levels of warming and other changes that we can master and flourish with.

    Policy implications

    • Energy freedom —> CO2 levels rise, life continues to get better and better
    • Net zero —> CO2 levels rise more slowly, billions of lives ruined

Energy Truth 7

A policy of energy freedom, including but not limited to fossil fuel freedom, is the fastest path both to more plentiful energy and to more cost-effective alternatives.

  • What are “energy freedom policies”?

    Government actions to protect the ability of producers to produce all forms of energy and consumers to use all forms of energy, so long as they don’t engage in reasonably preventable pollution or endangerment of others.

  • Energy freedom policies include:
    • Protecting the freedom to develop fossil fuels and other forms of energy. E.g., deep geothermal development.
    • Protecting the freedom to use fossil fuels and all other forms of energy. E.g., “decriminalizing nuclear.”
  • Energy freedom policies are more likely to lead to long-term emissions reductions.

    Because they accelerate the rate at which nuclear and other alternatives become globally cost-competitive. (The only moral and practical way to reduce global emissions.)16 China and India increasing emissions

  • Fact: The 2 biggest instances of CO2 reduction have come from energy freedom policies:
    • Nuclear: Freedom led to cost-effective and scalable nuclear power until the “green” movement virtually criminalized it.
    • Gas: Freedom led to significant substitution of gas vs. coal.
  • “Net zero by 2050,” by failing to recognize the unique benefits of fossil fuels, is catastrophic when barely implemented and would be apocalyptic if fully implemented.

    Energy freedom gives billions more people the energy they need to flourish and unleashes truly cost-effective alternatives.

References


  1. UC San Diego – The Keeling Curve

    For every million people on earth, annual deaths from climate-related causes (extreme temperature, drought, flood, storms, wildfires) declined 98%–from an average of 247 per year during the 1920s to 2.5 per year during the 2010s.

    Data on disaster deaths come from EM-DAT, CRED / UCLouvain, Brussels, Belgium – www.emdat.be (D. Guha-Sapir).

    Population estimates for the 1920s from the Maddison Database 2010, the Groningen Growth and Development Centre, Faculty of Economics and Business at University of Groningen. For years not shown, the population is assumed to have grown at a steady rate.

    Population estimates for the 2010s come from World Bank Data.

  2. Energy Institute – Statistical Review of World Energy

  3. As of July 2023, China has over 300 new coal-fired power stations in various planning and construction phases. Global Energy Monitor – Coal Plant Tracker, Coal Plants by Country (Power Stations)

  4. Alex Epstein – The ultimate debunking of “solar and wind are cheaper than fossil fuels.”

  5. U.S. Energy Information Administration – Hourly Electric Grid Monitor

  6. World Bank Data – Poverty headcount ratio at $1.90 a day (2011 PPP) (% of population)

  7. IEA – Access to affordable, reliable, sustainable and modern energy for all

    Robert Bryce – A Question of Power: Electricity and the Wealth of Nations

  8. UC San Diego – The Keeling Curve

    For every million people on earth, annual deaths from climate-related causes (extreme temperature, drought, flood, storms, wildfires) declined 98%–from an average of 247 per year during the 1920s to 2.5 per year during the 2010s.

    Data on disaster deaths come from EM-DAT, CRED / UCLouvain, Brussels, Belgium – www.emdat.be (D. Guha-Sapir).

    Population estimates for the 1920s from the Maddison Database 2010, the Groningen Growth and Development Centre, Faculty of Economics and Business at University of Groningen. For years not shown, the population is assumed to have grown at a steady rate.

    Population estimates for the 2010s come from World Bank Data.

  9. Roger Pielke Jr. – Weather and Climate Disaster Losses So Far in 2022, Still Not Getting Worse

  10. Zhao et al. (2021)

    Bjorn Lomborg – Climate Change Saves More Lives Than You’d Think

  11. NOAA – Climate change rule of thumb: cold “things” warming faster than warm things

  12. IPCC AR6, WG1, chapter 4

  13. IPCC AR6, WG1

  14. NOAA – Global Warming and Hurricanes

  15. Roger Pielke Jr. – What the media won’t tell you about … Wildfires

  16. Reuters – Analysis: China no closer to peak coal despite record renewable capacity additions

    Reuters – India rejects net zero carbon emissions target, says pathway more important

    Alex Epstein – A pro-human, pro-freedom policy for CO2 emissions

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Canada has an energy edge, why won’t Ottawa use it?

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Energy abundance, properly managed, isn’t just Canada’s strategic edge—it’s our ace in the hole while allies scramble to rearm their energy systems and competitors sprint ahead. We can keep sleepwalking through the annual ritual of self-imposed shackles, watching golden opportunities slip through our fingers, or we can finally show up as a serious player in the energy security game we’re already knee-deep in.

What the public doesn’t see behind all the climate summit fanfare is a carefully choreographed performance where capitals everywhere scramble to perfect their lines for the UN’s annual pageant. COP30 descends on Brazil in mid-November, and once again Ottawa looks primed to arrive clutching a stack of promises, desperately hoping that thunderous applause will somehow count as tangible progress in the real world.

Thanks to years of bureaucratic capture, our government keeps churning out the measures most fervently demanded by the climate lobby, and this ritual proceeds as if “net zero” were still a credible roadmap rather than a marketing slogan stretched so transparently thin it’s practically see-through. But out in the real world—away from the theatrical staging—the energy system keeps issuing updates of its own that no amount of wishful thinking can erase. The question this year cannot be what flashy new prohibition Ottawa can unveil on cue: are our leaders finally prepared to read the room? Away from the virtue-signalling theatre, countries are quietly adjusting to immovable realities: demand keeps climbing, reliability actually matters, and security trumps sermonizing—and we should be looking south to see what’s really working.

From 2005 to 2023, U.S. per-capita CO₂ emissions from energy plummeted by nearly a third. Not because of performative pledges or green grandstanding, but because coal quietly gave way to natural gas, with renewables filling in around the edges where they actually made sense. Pick almost any grid that made this pragmatic switch, and you’ll discover the same inconvenient pattern that climate absolutists prefer to ignore: fewer emissions and electricity you can actually count on when you flip the switch. Maryland serves as a clean example, where coal shrank from the backbone to a footnote as gas surged, helping keep the lights blazing when people needed them most.

Canada should pay very close attention to these uncomfortable truths. We benefit from hydro and nuclear in some regions, but what the green lobby doesn’t want to acknowledge is that our electricity demand is climbing relentlessly. Population growth alone would guarantee that outcome. Add the explosion in AI technology and it becomes utterly unavoidable, despite the silence from environmental groups. Even the cheerleaders of the new digital economy are brutally honest about this reality when pressed. The head of the world’s biggest AI chipmaker isn’t jesting when he bluntly tells the U.K. it will need gas turbines alongside nuclear and renewables to power its tech ambitions—inconvenient facts that shatter green fairy tales.

Another stubborn reality that doesn’t make it into climate summit speeches is that the International Energy Agency estimates oil and gas companies spend roughly half a trillion dollars every year just to keep output flat—a financial reality that exposes the “stranded assets” narrative as wishful thinking. Without this continual reinvestment, U.S. shale would crater within a single year. It’s rather difficult to describe that as a system drifting quietly into retirement, rather than an industrial backbone that still carries most of the load while activists pretend otherwise. If you’re Canada, that looks less like a looming problem than a golden opening that our competitors are already seizing.

Geopolitics is saying the same thing out loud, for those willing to listen beyond the climate activism echo chamber. J.P. Morgan bluntly calls this the “new energy security age,” and Europe is working frantically to end its dependence on Russian LNG—not for climate reasons, but for survival. Japan is expanding its LNG fleet, and Mexico is inking billion-dollar supply deals while climate campaigners aren’t looking. Strip away all the green branding and virtue-signalling, and you get a core calculation that energy security is nothing short of national security—and countries that get snookered by activist rhetoric into forgetting that harsh reality lose far more than bragging rights at international summits.

The Woodfibre LNG site is seen on Howe Sound in Squamish, B.C. THE CANADIAN PRESS/Darryl Dyck

Our allies have been leaning on us to quit sitting on the sidelines and deliver something concrete. And back home, even Ottawa’s mandarins are finally muttering what everyone else has known all along. For the next several years, at minimum, gas remains the most economical, rock-solid baseload option across vast stretches of the continent. Meeting that surging demand would deliver high-paying jobs, bulletproof alliances, and slash global emissions compared to the world burning more coal. Turning our backs on it means standing idle while rival producers rush to fill the void—all so we can pat ourselves on the back for warming the bench.

If this strikes you as abstract theorizing, cast your eyes toward California. A righteous crusade to shutter refineries didn’t magically eliminate the appetite for fuel—it simply exported the dirty work elsewhere, shipping out the jobs and the supply cushion that shields consumers from price shocks. The Golden State now scrambles like a panicked shopper whenever supply chains hiccup, because when push comes to shove, affordability draws the hard red line on what voters will tolerate. Meanwhile, the global landscape has shifted dramatically, with the United States now claiming the crown as top exporter of refined petroleum and LNG.

The lofty rhetoric of “climate solidarity” has quietly faded into something far more practical—nations ruthlessly pursuing their own interests. Even the most progressive speechwriters now pepper their drafts with buzzwords like ‘pragmatism’ and ‘realism.’ It represents nothing short of a grudging acknowledgment that wishful thinking won’t keep the lights on when the grid starts groaning.

British Columbia, meanwhile, sits perched atop the Montney—one of the continent’s most spectacular gas reservoirs—boasting the shortest shipping lanes to Asian markets. Indigenous nations are shrewdly securing equity stakes in LNG ventures while demanding genuine partnership—a blueprint that marries reconciliation with cold, hard prosperity. Those outbound cargoes are displacing coal-fired power overseas. If your genuine goal involves slashing real-world emissions, that achievement trumps a dozen flowery Ottawa press releases.

So no, the magic formula isn’t “all of the above,” but rather “the best of the above.” It demands deploying hydro, nuclear, and renewables where they deliver maximum punch, with natural gas serving as the indispensable bridge that keeps systems humming while breakthrough technologies mature. We must construct infrastructure that performs when sidewalks turn into skating rinks and when asphalt starts melting like butter.

We’ve also absorbed some hard-earned lessons about the political theatrics that spook serious capital. At COP28 in Dubai, then–environment minister Steven Guilbeault sported a baseball cap emblazoned with “emissions.” Emissions cap—catch the clever wordplay? The joke bombed spectacularly with investors. The policy proposal fared no better; its most vocal champion is reportedly eyeing the exit door, while nearly a hundred Canadian oil and gas CEOs have now fired off two blunt open letters to the new prime minister, spelling out precisely what the cap would accomplish: driving investors to pack their bags for friendlier jurisdictions. If your economic blueprint hinges on attracting capital, avoid crafting policies that essentially scream ‘beat it.’

World leaders at COP29 in Baku, Azerbaijan.

Energy abundance, properly managed, isn’t just Canada’s strategic edge—it’s our ace in the hole while allies scramble to rearm their energy systems and competitors sprint ahead. We can keep sleepwalking through the annual ritual of self-imposed shackles, watching golden opportunities slip through our fingers, or we can finally show up as a serious player in the energy security game we’re already knee-deep in.

What would that look like at COP30? It would sound nothing like the strangely self-defeating Canadian speeches of years past, which have been heavy on confessional hand-wringing, light on genuine intent, drowning in performative self-flagellation, and starved of actual competence. If Ottawa wants to prove it has finally woken up from its ideological slumber, it should ditch the tired theatre and roll out policies that actually unleash investment instead of strangling it: streamlined approvals with firm timelines that mean something; predictable fiscal treatment that doesn’t shift with every political breeze; a clear path for Indigenous equity in major projects; and an explicit commitment to “best of the above” power and fuels. Pair that with a forthright message to allies that cuts through the usual diplomatic fog: Canada intends to supply reliable, cleaner energy to the democracies that desperately need it.

It’s not capitulating to industry to stop pretending we can wish away reality. It’s the path that lets us grow the economy, slash global emissions faster than sanctimonious lectures ever will, and strengthen the alliances that keep free countries from getting steamrolled. If we want Canada to matter in this new energy security age instead of being relegated to the sidelines, we should start acting like we mean business. COP30 is the stage. Time to scrap the old script and write one that actually works.

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Energy

Prince Rupert as the Optimal Destination Port for an Alberta Crude Oil Pipeline –

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From Energy Now

Assessing the Strategic, Economic, and Environmental Advantages on British Columbia’s Northern Coast

With ongoing discussions about diversifying Alberta’s crude oil export routes, selecting the right destination port on British Columbia’s northern coast is critical. This analysis examines Prince Rupert as a prime candidate, highlighting why it stands out as the best choice for a new Alberta crude oil pipeline.


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Geographic and Logistical Advantages

Prince Rupert is Canada’s deepest natural harbour and is located approximately 1,500 kilometres closer to Asian markets than Vancouver. Its northern coastal position provides a shorter and more direct shipping route across the Pacific, reducing transit times and shipping costs. The port’s location also means ships can avoid the congested and environmentally sensitive waters of southern British Columbia, including the Salish Sea and Vancouver’s busy port.

Infrastructure and Expansion Capacity

Prince Rupert has a modern and rapidly expanding port infrastructure. The Port of Prince Rupert already handles bulk cargo, containers, and other exports, and it has significant capacity for further development. There is available land and established transportation corridors—including rail lines operated by CN Rail—that connect directly to Alberta, making it logistically feasible to construct a new pipeline and efficiently move crude oil to tidewater.

Economic Benefits

A pipeline terminating at Prince Rupert would open up Alberta’s crude oil to global markets, particularly in Asia, increasing market access and potentially securing better prices for Canadian oil producers. The economic spin-offs for both Alberta and northern British Columbia include job creation, increased tax revenue, and local business opportunities in construction, operations, and port services.

Environmental and Community Considerations

Shipping crude oil from Prince Rupert avoids some of the most ecologically sensitive regions along the southern coast. The port’s deep waters allow for safer navigation of large tankers, reducing the risk of groundings and spills. Additionally, the relatively low population density around Prince Rupert compared to southern ports minimizes the social impact and opposition that has historically challenged energy projects in more urbanized regions.

Strategic and Security Factors

The northern location of Prince Rupert is advantageous from a national security perspective. It is less vulnerable to geopolitical tensions and traffic bottlenecks that can affect southern ports. The port’s proximity to the open Pacific also reduces the time tankers spend in Canadian waters, limiting exposure to potential environmental incidents.

Prince Rupert’s strategic location, robust infrastructure, economic potential, and lower environmental and social risks make it the best choice for a new Alberta crude oil pipeline on British Columbia’s northern coast. Its selection would not only enhance Canada’s energy export capabilities but also support responsible economic development in Western Canada.

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