The lights are going out in Europe

 

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.”
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  1. RufusRJones Member
    RufusRJones
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    Zafar (View Comment):

    RufusRJones (View Comment):

    Zafar (View Comment):

    RufusRJones (View Comment):

    Flicker (View Comment):
    *What I’ve heard (from a Brit) is that the EU was created so that Germany could do to Europe economically what it couldn’t do militarily. I don’t know if this is bald distain or not. And, again, the guy was an international financier.

    The EU was OK when it was a simple trade organization. Rules for trade. Now it’s some nutso globalist central planning thing.

    It is impossible for the EMU to work because you can’t have one currency and separate legislatures.

    You can’t have one currency and different economies.

    The pound served The City and that left the parts of the UK that made their living from producing actual ETMs priced out of the global market (at the exact point in time that they’d lost the Raj their captive market, so phenomenally bad timing). At the end of the day that’s what drove Brexit, not random Polish plumbers in London.

    It is definitely true that they are nothing without Germany and possibly Germany and France, but it all looks like a gigantic policy error to me now.

    You have the same essential question in the US – does the dollar serve Wall Street or Main Street? Because it cannot properly serve both.

    You are conflating two different concepts. I’m not going to get a big argument about it. Both are a problem.

    The Euro cannot properly serve both Germany and Greece. One will be served worse than it would have been without the currency union and the other will be served better.

    Have a cookie.

    • #91
  2. RufusRJones Member
    RufusRJones
    @RufusRJones

     

     

     

    • #92
  3. Fake John/Jane Galt Coolidge
    Fake John/Jane Galt
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    DonG (CAGW is a Scam) (View Comment):

    RufusRJones (View Comment):
    Personally, I have always been skeptical that clean coal was a great big terrible thing when you consider everything, as in what is happening now. Put up comprehensive compact nuke plants and then get rid of the coal.

    Come on man, coal is great. It provides cheap reliable energy. All of the above is the correct answer, but when nuke plants cost $34B, they are not ready to compete.

    I suspect the further people get away from blue collar and the earth the more they do not understand how much of our world runs on cheap energy, cheap fertilizer, cheap plastics and other derivatives of fossil fuels.  To toss that aside is playing with destruction.

    • #93
  4. RufusRJones Member
    RufusRJones
    @RufusRJones

    Fake John/Jane Galt (View Comment):

    DonG (CAGW is a Scam) (View Comment):

    RufusRJones (View Comment):
    Personally, I have always been skeptical that clean coal was a great big terrible thing when you consider everything, as in what is happening now. Put up comprehensive compact nuke plants and then get rid of the coal.

    Come on man, coal is great. It provides cheap reliable energy. All of the above is the correct answer, but when nuke plants cost $34B, they are not ready to compete.

    I suspect the further people get away from blue color and the earth the more they do not understand how much of our world runs on cheap energy, cheap fertilizer, cheap plastics and other derivatives of fossil fuels. To toss that aside is playing with destruction.

    Really well said. 

    • #94
  5. kedavis Coolidge
    kedavis
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    Zafar (View Comment):

    RufusRJones (View Comment):
    I’m talking about human needs not being met if energy goes too high in the economy keeps going south. Russia has them by the throat.

    Do you think Germany will maintain the sanctions at that point or do you think they’ll open Nordstream 2?

    Opening another pipeline doesn’t matter if Russia won’t put gas into it.

    • #95
  6. Zafar Member
    Zafar
    @Zafar

    kedavis (View Comment):

    Zafar (View Comment):

    RufusRJones (View Comment):
    I’m talking about human needs not being met if energy goes too high in the economy keeps going south. Russia has them by the throat.

    Do you think Germany will maintain the sanctions at that point or do you think they’ll open Nordstream 2?

    Opening another pipeline doesn’t matter if Russia won’t put gas into it.

    Why wouldn’t they if sanctions were dropped?

    • #96
  7. kedavis Coolidge
    kedavis
    @kedavis

    Zafar (View Comment):

    kedavis (View Comment):

    Zafar (View Comment):

    RufusRJones (View Comment):
    I’m talking about human needs not being met if energy goes too high in the economy keeps going south. Russia has them by the throat.

    Do you think Germany will maintain the sanctions at that point or do you think they’ll open Nordstream 2?

    Opening another pipeline doesn’t matter if Russia won’t put gas into it.

    Why wouldn’t they if sanctions were dropped?

    First they could try running the original pipeline at or near capacity.

    • #97
  8. Zafar Member
    Zafar
    @Zafar

    kedavis (View Comment):

    Zafar (View Comment):

    kedavis (View Comment):

    Zafar (View Comment):

    RufusRJones (View Comment):
    I’m talking about human needs not being met if energy goes too high in the economy keeps going south. Russia has them by the throat.

    Do you think Germany will maintain the sanctions at that point or do you think they’ll open Nordstream 2?

    Opening another pipeline doesn’t matter if Russia won’t put gas into it.

    Why wouldn’t they if sanctions were dropped?

    First they could try running the original pipeline at or near capacity.

    They’d probably do that too, or at least close.

    • #98
  9. kedavis Coolidge
    kedavis
    @kedavis

    Zafar (View Comment):

    kedavis (View Comment):

    Zafar (View Comment):

    kedavis (View Comment):

    Zafar (View Comment):

    RufusRJones (View Comment):
    I’m talking about human needs not being met if energy goes too high in the economy keeps going south. Russia has them by the throat.

    Do you think Germany will maintain the sanctions at that point or do you think they’ll open Nordstream 2?

    Opening another pipeline doesn’t matter if Russia won’t put gas into it.

    Why wouldn’t they if sanctions were dropped?

    First they could try running the original pipeline at or near capacity.

    They’d probably do that too, or at least close.

    Germany and the rest of Europe need to get their energy act together and not depend on a pipeline – or two pipelines – to communism.

    • #99
  10. Hang On Member
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    kedavis (View Comment):

    Zafar (View Comment):

    kedavis (View Comment):

    Zafar (View Comment):

    kedavis (View Comment):

    Zafar (View Comment):

    RufusRJones (View Comment):
    I’m talking about human needs not being met if energy goes too high in the economy keeps going south. Russia has them by the throat.

    Do you think Germany will maintain the sanctions at that point or do you think they’ll open Nordstream 2?

    Opening another pipeline doesn’t matter if Russia won’t put gas into it.

    Why wouldn’t they if sanctions were dropped?

    First they could try running the original pipeline at or near capacity.

    They’d probably do that too, or at least close.

    Germany and the rest of Europe need to get their energy act together and not depend on a pipeline – or two pipelines – to communism.

    Russia isn’t communist. And natural gas is a feedstock for entire industries. 

    What Germany has to do is decide whether it will deindustrialize as the rest of western Europe has insanely done or go with Russia. 

    The entire democracy vs autocracy gambit is bull hockey we are being sold. The world is diving up into regional powers and globalism is dead.

    • #100
  11. RufusRJones Member
    RufusRJones
    @RufusRJones

     

     

     

    • #101
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