Posted on 08/28/2014 8:07:57 AM PDT by thackney
Wintershall's head of exploration and production warned Thursday that Germany's 'Energiewende' (or Energy Transition) dream of pursuing an economy powered by the wind and the sun is in danger of turning into a nightmare.
Speaking to energy journalists at the ONS exhibition in Stavanger, Norway, Wintershall Executive Director Martin Bachmann said he was concerned about figures recently published by Statistics Norway that showed overall investment in Norway's petroleum sector will drop by EUR 6 billion ($7.9 billion) next year.
"That is actually bad news for Europe's security of supply and I think Germany – as the biggest market in Europe – has played a large part in creating this uncertainty," Bachmann said.
"With the so-called 'Energiewende' – Energy Transition – Germany is pursuing a great dream: that one day it can live from the air and the sun alone. But when you look at the facts today, this dream is in danger of turning into a nightmare."
For it to realize its Energy Transition dream, "Germany must remind itself of why the Energy Transition was launched in the first place", Bachmann said, pointing out that the country needs to develop an energy provision that is at the same time ecological, secure and affordable.
"Let me be clear on that. The ecological goal is to reduce greenhouse gas emissions and not actually the share of renewables in the energy supply," Bachmann said.
"Now, unfortunately we are a very long way from that. What is clear is that renewables have to play an important role in the Energy Transition. However, renewables need reliable partner technologies that balance out the fluctuations in the wind and the sun's power, and which ensure that the energy supply remains secure and affordable.
"Across the political spectrum, natural gas was seen as the ideal partner for renewables, but what has actually happened in Germany is that coal has in fact gained ground again, while natural gas is increasingly coming under pressure. In Germany, it is the fuel that is most harmful to the climate – coal – that is partnering solar and wind power … That is climate policy madness!"
Bachmann's view echoes similar comments made by Frances Egan, CEO of UK shale gas firm Cuadrilla Resources, in February this year that the environmental lobby is "making the 'perfect' the enemy of the 'good'".
At Wintershall's press conference Wednesday, Bachmann and his colleague – Wintershall Norge Managing Director Bernd Schrimpf – highlighted that Norway is the second-most important energy supplier to Germany after Russia. They pointed to recent research, commissioned by Wintershall, that 78 percent of Germans would favor Norway as a reliable partner to make up for declining natural gas production in the rest of the EU. Sixty-two percent named Canada and 45 percent named the United States, while only 38 percent named Russia.
Schrimpf added that Wintershall has set its sights on producing 50,000 barrels of oil equivalent on the Norwegian Continental Shelf by 2015, with the Knarr and Edvard Grieg fields playing a part in achieving this figure. Meanwhile, the Maria discovery, with its estimated production volume of around 130 million barrels of crude oil in addition to 2 billion cubic feet of gas, is set to begin production in 2018.
It’s odd to see Germans being so downright silly, isn’t it?
Just wait until Putin turns off the Tap to Europe this Winter
Amazing what happens when the enviromentalist get involved. While they fly around in corporate jets and limos to events they tell countries and the people living there that they need to use less.
Why would he, what has Europe done to oppose him so far?
I think they invented silly.
It was a very,very silly decision Germany made to shut down their nuke plants.In my travels throughout Germany (West Germany,actually...I haven’t been there since reunification) I found that Germany doesn’t get nearly as much sunshine as some countries/regions.Like Spain,or the Australian Outback,or Nevada.
But,according to Lord Blackadder,they have no word for "fluffy".
If you're not a Britcom fan you won't get that.
... the country needs to develop an energy provision that is at the same time ecological, secure and affordable.By "ecological," I think they mean no/low CO2 emission. I have no idea what the metric is for "security." And "affordable" is always relative. And this thing is called a "dream?" My impression is that it was economic policy, established by the government.
flaumig
Solar power in Germany. Sorta like snow skiing in Egypt.
As long as money is no object...
develop an energy provision that is at the same time ecological, secure and affordable.
- - - -
They are describing nuclear power, but after Fukushima, they raised the level of their stupidity.
They haven't shut them all down, yet. They don't have the ability to generate enough without them.
Nuclear Power in Germany
http://www.world-nuclear.org/info/Country-Profiles/Countries-G-N/Germany/
(Updated August 2014)
Germany until March 2011 obtained one quarter of its electricity from nuclear energy, using 17 reactors. The figure is now about 18%.
The cost of attempting to replace nuclear power with renewables is estimated by the government to amount to some EUR 1 trillion without any assurance of a reliable outcome, and with increasing reliance on coal.
More than half of Germany’s electricity was generated from coal in the first half of 2013, compared with 43% in 2010.
The British, on the other hand, have too many words.
George: I remember Bumfluff's housemaster wrote and told me that Sticky had been out for a duck, and The Gubber had snitched a parcel sausage end and gone goose over stumps frog side.
Blackadder: Meaning?
George: I don't know, sir, but I read in the "Times" that they'd both been killed.
What a surprise.
That’s hysterical. All that yammering about ‘renewables’ while they are essentially replacing their lower nuclear use with higer coal use.
Brilliant, those Germans.
BTW, I’m not sure Putin can cut off Europe’s gas, he needs the revenue and I don’t know where he goes to replace those sales.
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