Best-of Power Hour: The Future of Oil With Michael Lynch
Listen now
From Alex Epstein, host of Power Hour: This week's Power Hour is a best-of episode, featuring a now prophetic interview with energy economist Michael Lynch. In February of this year, there were many prominent claims that post-pandemic demand for oil would quickly decline and fade. I thought these claims were based on farcical reasoning, and to counter them I invited one of my favorite energy economists, Michael Lynch, to challenge the idea of "peak oil demand." Early in the podcast he said: "In the past couple of years, people have started talking about peak oil demand. And the pandemic has increased the idea that it’s imminent or even passed. You’ve had a few companies like BP and Shell that have scenarios that show a near-term peak in oil demand. And it’s kind of the flavor of the day. “And the problem is, most of the talk is very superficial." I think you'll find it valuable to hear Lynch's and my arguments against popular predictions about energy, as we have since been vindicated.
More Episodes
As COP 26 wrapped up, Bjorn Lomborg joined Alex Epstein to discuss the many examples of bad thinking that have shaped the conference, including: - The false portrayal of today’s world as bad and getting worse. - The failure to consider the costs of reducing CO2 emissions. - The failure to discuss...
Published 11/13/21
Published 11/13/21