Why is Europe so vulnerable to Russia and what can we learn from it?
Europe has extreme dependence on Russian natural gas because Europe has foolishly restricted fossil fuel and nuclear energy production on the false promise that unreliable solar and wind could replace it.
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As Russia threatens to invade Ukraine, its extreme control over Europe is being revealed to the world.
40% of Europe’s natural gas—which it desperately needs for heating and electricity—comes from Russia.
And Russia has already kept Europe’s natural gas storage at low levels.
Europe’s vulnerability to Russia was completely preventable. Europe and its allies have all the natural gas, coal, and uranium they need to produce low-cost, reliable heat and electricity for generations to come.
But anti-fossil fuel, anti-nuclear policies have neutered Europe.
For the last 2 decades Europe has destroyed its ability to produce and import energy from fossil fuels and nuclear—on the promise that unreliable solar and wind could replace them. But after trillions in subsidies, it’s clear that they have failed. alexepstein.substack.com/p/talking-poin…
One major cause of Europe’s current energy impotence is its numerous bans on the greatest natural gas producing technology ever invented: fracking. Fracking has been banned by France, Bulgaria, The Netherlands, Germany, Spain, and the UK. alexepstein.substack.com/p/talking-poin…
All the European nations that banned fracking are still 100% dependent on natural gas to survive. In fact, they are even more dependent than they used to be because their use of intermittent solar and wind requires the unique flexible backup that natural gas can provide.
Another major cause of Europe’s current energy impotence is its opposition to LNG (Liquefied Natural Gas) import terminals—combined with the US’s opposition to export terminals. If not for these, Europe could get a lot of its gas from America—not Russia.
Still another major cause of Europe’s current energy impotence is its dual policy of prematurely shutting down coal plants *and* nuclear plants—leading to extreme reliance on natural gas from Russia. E.g., anti-coal Germany just shut down 3 of its last 6 nuclear reactors.
The #1 lesson of Europe’s natural gas dependence is this: European governments have wildly overestimated the ability of solar and wind to provide the energy they need and wildly underestimated the need for fossil fuels and nuclear to provide the energy they need.
If Europe’s level of dependence on Russia for natural gas scares you, know this: America is even more dependent on China for many of the key components of solar panels, wind turbines, and batteries than Europe is on Russia for natural gas. energytalkingpoints.com/biden-energy-s…
The energy impotence and vulnerability to Russia caused by Europe’s solar-and-wind mandating, fossil-fuel-and-nuclear restricting policies should be a wake-up call to the US.
Biden and Congress must immediately stop Europe-copying anti-energy policies like Build Back Better.
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As @jordanbpeterson pointed out on @joerogan's show, fossil fuels have actually improved air quality by displacing dirtier fuels. Here's an excerpt from my forthcoming book Fossil Future that quantifies this.
As the US has shown, increasing fossil fuel use is totally compatible with decreasing air pollution.
Last month, President Biden issued an Executive Order that threatens the very existence of our nation.
And yet he has received very little pushback.
Here’s what the Order says and why it’s so scary:
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The Biden Administration recently issued an Executive Order that commits the Federal Government to reduce emissions 65% by 2030 and be “net zero” by 2050.
This commitment is suicidal because 3/4 of govt energy use is for defense—and most of that *must* come from fossil fuels.
Our government has a sacred obligation to do everything it can to protect our lives and freedom—including those of our troops. Joe Biden recently violated this obligation flagrantly by committing the Federal government to wildly inferior “net zero” energy sources.
Last month, WV Senator Joe Manchin heroically stopped "Build Back Better" legislation that would have ruined America's and above all WV's economy.
Now The @NYTimes and others are pressuring Manchin to reverse his stance via the false narrative that coal miners support BBB.
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In an effort to undermine Joe Manchin’s opposition to Build Back Better, the @nytimes recently published a "news" article trying to portray @Sen_JoeManchin’s rejection of BBB as opposed to the interest of coal miners by citing a union that represents a small minority of miners.
The @nytimes article by @jonathanweisman, entitled "Manchin’s Choice on Build Back Better: Mine Workers or Mine Owners," cites certain unions supporting BBB, but neglects to mention that less than ¼ of WV’s coal miners are associated with unions. This is journalistic malpractice.
Breaking: A previously-unreleased pro-oil/gas letter sent by @BlackRock to Texas lawmakers and oil/gas executives reveals that the company is simultaneously 1) trying to gain status by supporting anti-oil/gas net zero goals, and 2) trying not to lose any pro-oil/gas investors.
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BlackRock's Larry Fink is the #1 leader in the financial world for the economically baseless idea that the global economy should and will be net-zero by 2050. This idea would mean the rapid and total or near-total destruction of the oil and gas industry. alexepstein.substack.com/p/the-esg-move…
In response to BlackRock and others advocating anti-oil-and-gas "net zero" policies, TX pension funds have started refusing to do business with anti-oil/gas institutions. BlackRock's response: a covert PR campaign to tell TX lawmakers and oil execs that it's very pro oil/gas!
ESG poses as a moral and financially savvy movement. In reality it is an immoral and financially ruinous movement that is destroying the free world's ability to produce low-cost, reliable energy. This prevents poor countries from developing and threatens America's security.
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Over the last 5-10 years, "ESG"--standing for Environmental Social Governance--has gone from an acronym that virtually no one knew or cared about, to a cultishly-embraced top priority of financial regulators, markets, and institutions around the world.
The preposterous financial pretense of "ESG investing" is that the promoters of it have so accurately identified universal norms of long-term value creation--Environmental norms, Social norms, and Governance norms--that imposing those norms on every company is justified.
Why I I contributed to @ceidotorg: This organization has for years been taking courageous, principled stands for energy freedom and against climate catastrophism.
One realm they excel in is the catastrophist dominated legal realm. Courageous @Chris_C_Horner does great work here.
Why I contributed to @IERenergy: This organization has a track record of principled, pro-liberty positions and disseminating extremely useful, precise information.
IER's founder, Robert Bradley Jr., “discovered” me in 2009 and told me I could be an energy thought leader.