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C. P. Colum's avatar

Good spontaneous stuff. I only hope the cunning planners didn't plan any of this. Because they can't seriously have been thinking of Europe's best interests, however successful the energy transition might eventually be.

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HardeeHo's avatar

I suspect the Russians might be laughing a little at Germany's future plight because Germany never observed any externalities thinking, not sure what. But the green lobby seems to have affected thinking in a lot of places in their rush. Obviously oil is fungible as currency. Gas is not quite that given the extra costs involved.

Oil is subject to demand destruction which seems to be the reason behind the current declines. But China has lowered use simply because of government foolishness that has restrained growth and they have access to needs using dirty coal to power their EVs. The EU will face real issues in the cost of electricity to power their EVs. Might be interesting to examine that relationship as EVs vs power start to interact. The US has some excess capacity that allows EV charging to be not a factor but as EV use grows, so do charging needs and infrastructure isn't always so easy. Still most EVs will be for the rich who live in homes capable of solar power/storage well beyond the masses. The misguided CA policy may be short lived.

This rush to green has revealed we are not even near ready, that Amazon has yet to deliver energy overnight. Technology has been moving along, at a pace of fits and starts as we learn and employ it. Whether central planning can speed it along is unknown but likely it can't.

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