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And Germany has been the bellwether. Back in the early 2000s, Chancellor Angela Merkel and her party made the momentous decision to begin the energy transition from “fossil fuels” to “renewables” as quickly as they could. The scare-quotes around both terms are on purpose, because fossil fuels are not fossils (who is to say that the geologic processes which created oil and gas are not still working on Earth?), and renewables are not either green, clean, or necessarily renewable.
Europeans decided decades ago that the entire world needs to immediately change from reliable oil, natural gas, and nuclear power; to intermittent, unreliable wind, solar, and geothermal power. Germany has been the fastest to make this transition, and most of the rest of Europe has been following. Many European countries shut down their nuclear power plants after the Fukushima disaster in Japan in 2011. When I read about the changes going on in Europe, I said to myself, “Europeans, prepare to freeze in the dark this winter.”
I wasn’t too far wrong. German citizens pay the world’s highest prices for their electricity today, and the rest of Europe is joining them. One of the huge mistakes Angela Merkel made was the decision to mostly rely on Russia to supply them with natural gas for heating, and as a feedstock for such necessaries as agricultural fertilizer and plastics. We all know how that is turning out lately, with the Russian aggression against Ukraine resulting in sanctions upon Russia and the cutting-off of gas supplies through the NordStream Pipeline to Germany. I just had to laugh out loud when I read about Germans relying on solar power — in a country in Northern Europe that doesn’t get that much sunshine! They are further north than Seattle, and we aren’t known for all our sunny days. Here’s what one business site has to say about Europe and energy:
- Europe’s worsening energy crisis will cause economies to contract in 2023, according to Amrita Sen, director of research at Energy Aspects.
- Due to higher natural gas prices, European gross domestic product will decline by 1.4% next year, she told Bloomberg TV.
- “The burden of high gas and oil prices will actually mean that we are going to see some steep contraction in the European economies next year.”