The Europeans who went big into fantasy solar/wind & 'big batteries' now suffering & now more dependent than ever on Russian gas. Well, except for France & others that kept reliable & scalable Nuclear, and others prepared to rely on Coal. Madness.
wsj.com/articles/energ…
"France gets more than two-thirds of its electricity from nuclear — giving it the lowest emissions of any major economy.....Germany, where nuclear generates 11 percent of power, while fossil fuels account for 44 percent — 24 percent of that from coal."
politico.eu/article/climat…
Coal, Gas, Nuclear ... make your pick for your national baseload power source(s). There is no fantasy fourth option, no matter how much disinformation is spun at you by the various "green energy" spivs looking for government subsidies.
afr.com/companies/ener…
"Power prices are also high because of policies to limit carbon emissions. Power plants that burn fossil fuels have to pay a price for every metric ton of carbon they emit into the atmosphere. That price has surged close to 90% this year."
bloomberg.com/news/articles/…
Europe made itself the Kremlin's energy hostage
"Even though wind supply patterns and Russian gas deliveries are seen as market wild cards, the current backdrop means a significant power supply crunch is likely, traders and analysts say"
reuters.com/business/energ…
See @ShellenbergerMD here
"The return to coal was most dramatic in Germany. Electricity from wind was 20% lower in Germany in the first half of 2021 than the first half of 2020, resulting in a 24% higher use of fossil fuels and 28% greater emissions..."
forbes.com/sites/michaels…
If only there was a reliable, zero emissions, scalable, 24/7/365 alternative energy source, that actually works:
"The calm weather highlights the shortcomings of Britain’s growing reliance on green energy at a time fossil fuels are also expensive."
bloomberg.com/news/articles/…
Newcastle port coal futures as of today (per metric ton) ... Australian black (thermal) coal is much cleaner than (iirc) any mined elsewhere. Something is happening in commodities/energy markets this northern autumn and it is not belief in 'the renewables'.
The Russians flexing their gas muscles ....
"Gazprom has been accused by the International Energy Agency and some lawmakers in the European Parliament of not doing enough to increase its natural gas supplies to Europe"
reuters.com/business/energ…
The European gas shortage is about to be felt everywhere else - not just as an economic issue but a life/death issue in cold climates. Good for gas producers/exporters like Australia & the US … but even better news for the Kremlin
bloomberg.com/news/articles/…
Gas ... Gas ... Gas ... Merkel taking the Germans off nuclear & onto Russian gas & brown coal was stupid at the time but has just got 'stupider'
If only there was a reliable, baseload, zero-emissions, 24/7 alternative?
"The global shortfalls are tied to natural gas’s growing popularity as a fuel for generating electrical power, because it creates less greenhouse gas emissions than coal."
nytimes.com/2021/10/01/bus…
The French are the only major European power with any smarts about energy policy - approx 75% of French energy comes from zero emissions, reliable & nationally-owned nuclear power. The Germans by contrast have made themselves energy hostages to the Kremlin
latimes.com/world-nation/s…
Europeans are the crash test model for "Green Energy" policies
"The energy crisis has touched on some of the EU’s most sensitive internal debates, from the bloc’s approach to carbon taxes, dependence on Russian gas, upcoming rules for sustainable finance"
ft.com/content/5805c3…
Europe's rising energy costs leading to "energy poverty" and fears of civil unrest as the northern Winter approaches - "There could be a rise in 'Gilet Jaunes'-type movements across Europe"
edition.cnn.com/2021/09/30/bus…
UK went big on "Renewables" & is now France's energy hostage [France generates its own power from domestic nuclear]: "The U.K. is reliant on two massive power cables that transport electricity from France’s nuclear power stations across the Channel"
bloomberg.com/news/articles/…
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