Posted on 09/09/2022 4:05:01 AM PDT by MtnClimber
Europe, which went all in on “green” energy, is facing the ugly reality of renewable fuels.
Perhaps the only true benefit of the current European energy crisis is to make apparent to an economically motivated citizen population that “wishing and hoping” will not make the Green New Deal renewable energy dream a reality. Instead of doubling down on wind and solar power, the EU nations are reacting to Moscow’s natural gas shutdown with a scramble to find enough hydrocarbon fuels to keep Europeans warm this winter.
On September 5, Russia announced that the shutdown of natural gas to Europe to make repairs Nord Stream 1 pipeline would not resume in full until the “collective West” lifts sanctions against Moscow over the Ukraine invasion. Since the EU appears determined to “punish” Moscow, the reality is that Europe may have seen the last of Russian gas for a very long time.
The failure of renewables to fill a viable role in the energy grids needed to fuel an advanced industrial economy has forced European energy ministers to do what once was unthinkable—return to nuclear power. German Economy Minister Robert Habeck won his push to keep nuclear power plants online. On September 5, Germany responded to Russia’s announcement by keeping two nuclear plants available this winter in a policy shift extending the legislative and regulatory deadlines that climate activists had demanded to phase-out nuclear power plants.
Russia’s announcement also marked the death knell for US Treasury Secretary Janet Yellen’s encouragement to G7 finance heads this past June that they should cap the global price of Russian natural gas and oil. Since the Ukraine invasion began, Russia has earned 158 billion euros ($157.60 billion) exporting oil and natural gas, with Russia planning to increase oil shipments to Asia to compensate for cutting off
(Excerpt) Read more at americanthinker.com ...
“Well I expect riots in Europe starting in Winter and once the food shortage hits, all bets are off! Creating a policy of no jobs, no money, no energy and no food is a plan which will not end well.”
Not me. Europe will simply out-bid the Third World for what they need and make it through ok. The Third World (mainly Africa and South America) will get destroyed, with massive famine...but the media won’t consider that newsworthy.
One of the largest LNG terminals in the US, the Freeport terminal in Texas, recently had a huge fire that took it offline. It looks like it could have been a cyber-attack that caused an over-pressure condition that ruptured some distribution pipes. The EPA has been throwing roadblocks to repair work and they keep slipping the estimated date to return to service. It has been causing a great deal of volatility in the natural gas market which has impacted some of my investments.
100% correct.
Look for even more “accidents” that are in reality part of the global great reset push.
Food storage and distro, energy, etc.
Respectfully I disagree, you discounted the Libs will use this moment to force the citizens to bow to their power and embrace Green Energy as their savior. Anything else will be met by fines, penalties, etc. Look how the Libs acted during Covid-19.
Oak Ridge tried thorium-fueled reactors, but since they do not produce bomb-grade plutonium, they ceased further research. The system DOES work, and the “problems” are not that insurmountable.
If it works in a research lab, it can work on an industrial level.
And do you know another little advantage? Thorium by itself cannot initiate a nuclear chain reaction, but if a small amount of the uranium in “spent” uranium fuel rods now in storage is added to the thorium, the chain reaction starts and once started, continues until the thorium is exhausted. So a large number of thorium-fueled nuclear reactors would eventually USE UP all the “spent” uranium fuel roads now in storage, and they would be gone without having to maintain security around them for the next 10,000 years.
Whatever “problems” there are (corrosion, difficulty in initiating a chain reaction, developing brittleness of the container vessel) CAN be solved, and the units put into mass production, much like other heavy machinery.
It is my belief that the technology to produce smaller nuclear, perhaps thorium generators, is already in existence in the cloud storage boxes.
One such storage box belongs to the Elon Musk engineers. The emergence into the public is waiting for the need for lots of small widely spaced generators to overcome the media anti nuclear sentiment
The Russians are just giving the European greens what they want ahead of schedule — no fossil fueled energy. Coming to our Democrat run states.
Really? It's doubtful there are any really significant purchases at much over market price. (If you understand how this market works.) So, work that back to Pooty. Those must be some really hefty discounts.
In addition, lack of transport capacity works both ways. Russia has no way to get roughly half of the gas it exported to Europe to its customers like China, India, etc. As long as prices remain in the stratosphere, and Russia's discounts are not too large, Pooty comes out ok. However, except for a brief spike when Russia announced the cutoff to Europe, Dutch TTF (futures pricing) have been coming down for some time now. I just checked & Dutch TTF generally continues to come down. And Russia has to discount heavily below that? Not a good trend for Pooty.
Mind you, I think the energy sanctions are a mistake. Oversupply (or at least a major wartime footing program well in place to get there) to drive down prices should have been created first.
This is why you need backup monitoring and safety systems entirely offline from the internet.
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