How To Solve Europe’s Energy Crisis

Posted: February 19, 2022 by oldbrew in climate, Critique, Energy, government
Tags: ,

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Not punishing one of their main sources of energy, i.e. gas, with financial and other climate policy burdens would be a good start.

PA Pundits - International

From the team at CFACT ~

By Sam Buchan:

Amidst the backdrop of a frenzied world tour to secure contingencies in the event of a catastrophic energy crisis, EU representatives attended the 9th U.S.-EU Energy Council. Still, throughout all the statements and optimistic tweets pointing to vague targets like greater “cooperation,” the solution seemed elusive.

Political leaders on both sides of the Atlantic must acknowledge that the status quo got Europe into the crisis today. They would be wise to change course both through their action and their words immediately.

The oddity is that both U.S. and EU leaders continue to overlook the not-so-subtle cries from energy markets resulting from aggressive climate policies forcing would-be project financiers to seek shelter and marginal returns in renewables. Investment stagnated, critical projects were abandoned, and Russia pressed for a more significant market share.

There was a time in the not-so-distant past when…

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Comments
  1. bonbon says:

    The original article at :

    https://www.realclearenergy.org/articles/2022/02/14/how_to_solve_europes_energy_crisis_816686.html
    carries this :

    A blatant marketing piece for American LNG costing 4 times what NordStream2 would deliver. Not one mention that Biden said in front of German Chancellor Scholz that he would personally stop NordStream2.
    Is talkshop now a press outlet for US geopolitics hiding like a 600lb gorilla under the Climate carpet?

  2. Jhona says:

    The UK like many other countries only has itself to blame for leading the false AGW CO2 political narrative that’s brainwashed the public into believing gas windmills and new small (400mW) nuclear is the only hope for humanity. Russia will shut off the gas and oil off next week and with a bit of luck the UK public will waken up to the reality of the Wests NWO political crap and install a government who can bat for Britain and all the decent people of Britain – assuming the BBC will help do that? PS LNG from the US is too expensive for the UK cos they also want to profit from it – can you blame them. PPS NS2 is going to make Germany a prisoner of the Soviet Union – pay back for what they did hey

  3. oldbrew says:

    Most imported gas is either LNG or pipeline. Today’s shortages were probably avoidable, but Britain for example fell for the idea that gas would always be relatively cheap and plentiful on the open market, now proved wrong.

    With all the ‘extras’ on the basic price, due to state interventions in the market, things have gone sour.

  4. Graeme No.3 says:

    I wonder if (in the “last ditch diplomatic endeavors) whether Putin will suggest they allow NordStrem2 to operate as planned. More gas for Germany would reduce electricity costs hence a “win” for their government. More money for Russia so Putin gets a “win”. Places like Denmark, the Netherlands and the UK would see a drop in the price of gas (due to less shortage) hence a “win” for their politicians. The Ukraine gets lots of expensive armaments so they can continue collapsing. Only those who want a war will be upset.

  5. oldbrew says:

    Europe Is Running Out Of Space For LNG
    Feb 18, 2022

    Due to high demand and fears that Russia might turn off its gas supply to Europe, the continent has been importing huge amounts of LNG.

    Now, Europe is fast running out of processing capacity for the gas and the added cost of squeezing more cargoes through other countries wouldn’t be viable.

    Currently, an estimated two-thirds of U.S. LNG cargoes are set to be delivered to European destinations, but those shipments may soon decline.

    https://oilprice.com/Energy/Energy-General/Europe-Is-Running-Out-Of-Space-For-LNG.html
    – – –
    Storage is filling up, so US shipments might start to decline. Germany has no LNG terminals anyway.

  6. Johna says:

    LNG export is a cash bonanza for the US and all other LNG suppliers. Ironically it would be the same here if the UK government would do the right thing and start selected fracking. The best medium to long term energy policy is to open up coal and divvy out more drilling licences. Another scenario however is if bojo isn’t out on his neck and keeps undermining the fragile peace LNG tankers are a nap to be sunk. With no gas oil coal electricity steel and the means to make armaments all outsourced, to you know where, the UK would also be sunk.

  7. oldbrew says:

    Boris goes green and goes down the gurgler
    19 February 2022

    Net Zero was a huge mistake

    When asked a detailed question about achieving UK’s (overly) ambitious emissions reduction targets leading to net zero by 2050, he simply batted it away, claiming that he doesn’t do detail and never has.

    For some topics, this sort of response is sort of OK; it will always prompt some cackling from the audience, something which Boris clearly finds energising. But to respond in this manner at an international climate conference, the importance of which he himself had emphasised, gave the game away.

    https://www.spectator.com.au/2022/02/boris-goes-green-and-goes-down-the-gurgler/

  8. oldbrew says:

    NZW : Revitalise North Sea exploration and start fracking — or lose Putin’s energy war for good

    22nd February 2022 | Press Release

    https://www.netzerowatch.com/revitalise-north-sea-exploration-and-start-fracking-or-lose-putins-energy-war-for-good%ef%bf%bc/

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