.
.
So-called climate policies – meaning lots of part-time subsidised renewables – and high gas prices are turning out to be a toxic economic mix in Europe. Governments find themselves backed into a corner due to their own dogmatic obsessions about trace gases in the atmosphere.
By David Wojick, Ph.D. ~
European governments are just beginning to scramble in response to the huge energy price increases hitting their voters. Confusion is the predictable result as the fear curve sharply rises.
Well most are scrambling, while a few are actually making big money on it. That would be the ones that produce gas and oil, especially Norway and Russia. They are getting rich.
In Britain it is all about tax cuts at this point. These stand to cost the government big bucks, passing the burden on to the taxpayers, who are the same people facing big energy bills, more or less. It does however shift some of the burden away from the freezing poor, which is a good thing.
At least four taxes are on the table, possibly more. Three of these actually fit the crime. These are the so-called “green levies” that come with energy bills…
View original post 640 more words
Tallbloke's Talkshop 
Not like any of us warned them, is it? Lynchings required.
At the macro level, this is what happens when government interferes with the marketplace. Governments make political decisions, not business decisions.
Gamecock:
But they never admit they got it wrong, and head double speed towards disaster. Partly because the politicians are easily distracted but mostly because of entrenched bureaucratic stubbornness.
Bureaucrats attempting to plan complex systems and using simplistic rule-based summons to combat inherent uncertainty?
Why would that ever fail?
Phoenix44:
I’ve recently (re)read about the R101 airship disaster. Briefly, there were 2 airships approved, the R100 built by Vickers with design by Barnes Wallis (and Neville Shute) which was finished first, flew across the Atlantic to Canada and back again.
The R101 was a ‘public service job”. The initial problem is that someone decided that petrol was flammable and diesel was safer. NO Thought of hydrogen. That meant use of marine diesels (not German aero types) which were much heavier, and a fifth engine had to be added to enable reversing. Various other problems were glossed over (Nevile Shute among others was dismayed about the performance but wasn’t “in the bureaucratic loop”.) The airship was modified yet although now bigger (and heavier) had less than half the reserve lift. It was never approved as supposed to happen, but an airworthyness Certificate was issued hours before the final flight to India. It crashed in northern France with all passengers & most crew killed. The hydrogen caught fire (possibly from the diesels) and heated the diesel fuel to fire point.
There was a bureaucratic coverup and all airships were banned (the R100 was broken up).