Posted on 06/10/2022 12:09:00 PM PDT by Mount Athos
Europe may need to ration its energy supply if efficiency doesn't improve and demand doesn't cool, the International Energy Agency's executive director warned.
If winter weather is harsh and drags on while demand in China ramps up as COVID lockdowns continue easing, then rationing is on the table unless energy efficiency starts improving quickly, Faith Birol told the Financial Times.
"I wouldn't exclude the rationing of natural gas in Europe, starting from the large industry facilities," he said.
Birol suggested better efficiency, renewable sources, and "making the most of existing" energy supplies would help ensure energy security, rather than starting newer and bigger fossil fuel projects.
The warning comes as Germany and Austria have also sounded the alarm over energy supplies in recent weeks, with Berlin saying that parts of large industrial businesses could be subject to a shut-off if the situation tightens.
Meanwhile, the US and EU are looking to choke off Russia's energy exports, even as European countries rely more heavily on Russia's supply of gas for its energy grid.
Russia has already cut off countries including Bulgaria, Finland and Poland for not paying Moscow in rubles, as President Vladimir Putin has demanded.
Other countries are feeling the energy crunch too and have already taken steps to ration. Pakistan is trimming Saturday from its work week to address energy consumption concerns that have set off blackouts and is considering making Friday a mandatory work-from-home day, Bloomberg reported.
(Excerpt) Read more at yahoo.com ...
Best to begin storing fire wood for heating and cooking especially in the US and Europe.
FYI
US nat gas price is about $9/MMBtu. Europe is paying about $27/MMBtu.
Free Markets ration.
It has always been thus.
EU Santa : you have been a bad Europe, No coal for you to stay warm.
Cow dung.
More solar panels STAT! Oh, and the high efficiency wind mills too.
Putin Must Pay!
Not to worry. The elitists in the EU will guide the sheeple through this crisis.
I think energy rationing is a certainty, planned. All over the world, not just Europe.
Free market is kaput. Globalists have full control.
If they are like Reno, the air quality index will either allow you to burn wood or NOT burn wood. 😠😕😲
Of course the A-Holes at BI will say the solution is more renewables when that is what is causing the problem. Natural Gas is the cleanest burning fuel on the planet.
I think the reference here is that unless you are part of the [government and helper] privileged class, it won't matter if you can afford to buy the energy, the government will forbid that it be delivered.
They can all sing BTO’s You Ain’t Seen Nuthin’ Yet.
Ba ba ba baby, you ain’t seen nu nu nu nuthin yet
There’s no way “efficiency” updates can mitigate this in time.
That takes years.
Yes, with solar panels covered with 4” of snow and ice, and the windmills frozen to a standstill, they’d better have a few zillion gallon tanks in reserve. heh.
I found some bulk coal on craigslist a few years ago. Wish I’d have gotten it. My Fisher wood stove will handle it with the right grate.
Yes! more windmills because that’s were you will find lots of dead birds to roast for supper.
The whole “energy efficiency” thing sounds like BS. There isn’t time for anything significant, so he’s really saying that if it gets bad, there will be blackouts and those in charge aren’t doing anything about it.
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