The Real Climate Crisis
PragerU
We’re supposed to be in a climate crisis. And we are. But not in the way you think. Alex Epstein, author of Fossil Future, explains the real crisis and what we can do to get out of it.
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Script:
The world faces a serious crisis, one that will ruin whole economies and lead to needless suffering and death.
The crisis is related to climate change, but not in the way you’re probably thinking.
It’s the global energy crisis—a man-made crisis created by climate change policies.
These policies have led to a shortage of fossil fuels—oil, coal, and natural gas, the fuels that provide over 80% of the world’s energy.
A shortage of anything leads to higher prices. That’s just basic economics.
Fossil fuel shortages have led to higher energy prices. And because the energy industry powers every other industry, this has led to higher prices of almost everything, everywhere.
We are already seeing the consequences.
Inflation
Inflation spares no one, but those who live paycheck-to-paycheck suffer the most. Every purchase becomes a major decision. Inflation in the US in 2022 was around eight percent, in the UK, ten percent, and in many developing countries, much higher. The leading driver of this inflation has been the cost of energy.
Deadly Winters
Contrary to popular belief, far more people die from cold than heat. Saving lives from the danger of cold requires low-cost, reliable energy. Without it, people on the margins can’t adequately heat their homes during the harsh winter months. Even in wealthy Europe, literally thousands will die for lack of energy.
Widespread job losses
When energy prices increase dramatically, industries scale back or shut down altogether.
As the Wall Street Journal reports, “Europe’s energy crisis has left few businesses untouched… Some industries, such as the energy-intensive metals sector, are shutting factories that analysts and executives say might never











