Chapter
The Cost of Energy is Crucial
40:39 - 45:48 (05:08)
The cost of energy does not only affect our day-to-day expenses but also determines the cost of everything that involves machines, as energy is machine food. Rapidly replacing fossil fuels with solar and wind is not a solution to reduce the cost as it may make us dependent on foreign sources for energy.
Clips
The cost of energy is crucial as it determines the cost of everything that involves machines.
40:39 - 42:42 (02:02)
Energy
Summary
The cost of energy is crucial as it determines the cost of everything that involves machines. When energy prices increase, it leads to price inflation connected to energy.
ChapterThe Cost of Energy is Crucial
Episode#26 Alex Epstein - The Global Energy War
PodcastShawn Ryan Show
The idea of rapidly replacing fossil fuels with solar and wind may not be realistic given Europe's dependency on natural gas for heat.
42:42 - 45:48 (03:06)
Fossil Fuels
Summary
The idea of rapidly replacing fossil fuels with solar and wind may not be realistic given Europe's dependency on natural gas for heat. Without producing large amounts domestically, Europe becomes more dependent on foreign sources.