Tuesday 20 September 2022

Is anybody learning a lesson here?


"Over in Europe, and particularly in those countries in the vanguard of the green energy transition, the enormous costs of this folly have begun to hit home. In the UK [for example], average annual consumer energy bills were scheduled to rise as of October 1 to £3549/year, from only £1138/year just a year ago....
    "Anyone with a pair of eyes can see what has happened. They thought they could get rid of fossil fuels just by building lots of wind turbines and solar panels, which don’t work most of the time. Then they suppressed fossil fuel production, because that is the virtuous thing to do. Somehow they lost track of the fact that they needed full backup for the wind and sun, and have no alternative to the suppressed fossil fuels. With supply of fossil fuels intentionally and artificially constrained, prices spiked.
    "And they have not even yet gotten to 50% of electricity, or 15% of final energy consumption, from wind/sun on an annualised basis.
    "Is anybody learning a lesson here?"

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