energy politics – Chicago Boyz

Recently, we have read of energy shortfalls in Germany, the UK and even China. The Chinese energy problems may be contributing to the supply chain issues. What all these stories have in common, with the possible exception of China, is the “Green Agenda.”

Germany’s problems were predicted. The country decided to shut down nuclear power and rely on wind and solar. Relying on solar in Germany’s climate was ludicrous.

Germany’s Energiewende, or energy transition to renewables, is leading to an insecure supply of energy and is affecting the nation’s economy. Germany plans on phasing out all its nuclear plants by 2022 and its coal plants by 2038 in favor of renewable energy, primarily intermittent wind and solar power, which is causing electricity prices to spike and its electric grid to falter. If Germany continues to phase out both coal and nuclear, it will lose the equivalent of 43 percent of 2018 secured output. German electricity prices are already 45 percent above the European average (and 3 times U.S. average residential prices) with green taxes now accounting for 54 percent of household electricity prices.

The Greens are taking down the German economy.Russia and the new pipeline for natural gas cannot supply enough power.

UPDATE #2: Investor’s Business Daily agrees about the best response to the Russian invasion of Crimea.

The West’s best Russia policy is a bold energy policy.

Russia’s economy is barely growing and is increasingly dependent on energy production. Oil and gas account for more than half of Russia’s federal tax revenues and about 75% of total exports. Three-fourths of natural gas shipments go to Europe. Europe is dependent on Russia, but the tables are starting to turn.

Drill, Baby, Drill ! Plus LNG exports.

UPDATE: Michael Totten has an update on Crimea.

The new ruler is a former gangster whose street name was “Goblin.”

Lawmakers were summoned, stripped of their cellphones as they entered the chamber. The Crimean media was banished. Then, behind closed doors, Crimea’s government was dismissed and a new one formed, with Sergey Akysonov, head of the Russian Unity party, installed as Crimea’s new premier.

It if was a crime, it was just the beginning. Akysonov’s ascent to power at the point of a gun presaged all that has happened since — the announcement of a referendum on Crimean independence and the slow, methodical fanning out of Russian forces throughout the peninsula, ostensibly to protect Russians here from a threat no one can seem to find.

But here’s the most interesting bit: Aksyonov’s sudden rise as Moscow’s crucial point man in Crimea has revived simmering allegations of an underworld past going back to the lawless 1990s, when Akysonov is said to have gone by the street name “Goblin,” a lieutenant in the Crimean crime syndicate Salem.

The “Green Agenda” is already killing the energy industry.

Putin, Crimea and Ukraine