DEBATE: Tucker vs Kevin O’Leary on the Dystopian AI Future Devouring American Energy and Jobs
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What is discussed at the start of this section?
Just when you think you got it all figured out, you see trends in progress that seem to contradict each other. And you wouldn't have expected that. Here's one example. So whatever you think of the war with Iran, there is really no arguing the fact it has caused a global energy crisis, maybe the most severe global energy crisis, well, since the discovery of fossil fuels. To give it some perspective, so the Strait of Hormuz famously is closed down. That's the choke point through which a fifth of the world's hydrocarbons flow. And that's been for maybe two and a half months. If the Strait is opened by next month, which is best case scenario, we have no idea if that's going to happen or not, but let's just say it did.
June, Strait opens, business returns to normal, energy flows what they were on February 27th. just world returns to status quo, there will still be a net loss of 1.8 billion barrels of oil, not including natural gas, by the way, or petrochemicals or all kinds of other commodities the world needs, but just oil.
How does the global energy crisis relate to AI?
1.8 billion barrels missing from the global energy system. And that's best case. So that has massive effects on the price of everything. And now everyone's kind of an amateur expert on the need for energy and global supply chains and all this stuff. And what we have been misled about for the last 15 years because of climate orthodoxy, we're now learning the hard way, which is you need fossil fuels. And you need them for all kinds of things, but you need them primarily for electricity. It's not oil, really. It's natural gas and coal that produce the world's electricity. But without them, electricity prices spike. And when they do, the price of everything else spikes, including just living in your house or your apartment or anywhere.
Because cheap energy is the key to prosperity and, in fact, civilization itself. And this has always been known. Always, since the time when people burned peat to stay warm. So energy prices, not surprisingly, have gone up around the world in some places quite severely, Europe, for example, parts of Asia. But even in the United States, 5% on average energy prices for homeowners have gone up this year. And that is expected to continue to rise. So again, not surprising how this happened. It's easy to explain, very easy to understand, maybe a little bit harder to fix, but at least within the realm of the explicable. Here's what's less expected. At exactly the moment this is happening, energy becoming more expensive, global supply chains more fragile, you are hearing first a chorus and then just a screaming crowd of demands for more energy production.
And these demands are not coming from consumers, homeowners. Hey, my electricity bill's gone up. I think we need more power plants in the county. Maybe we should burn coal. Why not? That would be understandable. No. This chorus is coming from the people in charge, which is to say elected officials, think tank grandees, and most interestingly of all, captains of finance, the richest people in the world, all of a sudden are telling you we need to produce more energy. That's a little weird because this exact group, for again, the past at least 15 years since Al Gore was famous, has been telling you exactly the opposite. They've been telling you that energy is not the source of life, not the base of civilization, but it's the cause of humanity's downfall.
It's the destruction of the earth. It's the main reason we have climate change. CO2 is the reason it's getting warmer, which, by the way, it is because climate cycles are part of nature. That's why we had glaciers and now don't. But whatever, they've been telling us for this last generation that burning fossil fuels was not just bad for the environment, but a sin. And it was the main sin against which we should organize all of our society. Like everyone had to be carbon conscious all the time because we love the earth. Now those exact same people, up to and including the father of ESG himself, Larry Fink at BlackRock, are all telling us, we're going to take a pause on the concern for global warming.
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Chapters
8 chapters
1
What is discussed at the start of this section?
0:00–1:03
2
How does the global energy crisis relate to AI?
1:03–6:42
3
What are the implications of rising energy prices?
6:42–13:02
4
Why are calls for increased energy production surprising?
13:02–1:01:41
5
What are the energy requirements for modern AI data centers?
1:01:41–1:03:17
6
How do energy costs impact local communities?
1:03:17–1:04:52
7
What are the implications of AI on job creation?
1:04:52–1:06:07
8
How does the U.S. compare to China in technology and energy?
1:06:07–1:57:32
Speakers
4 identifiedMore from The Tucker Carlson Show
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