Posted on 08/29/2022 4:39:52 PM PDT by EBH
At the same time, Bank of America released a report on Monday that similarly outlines the energy crisis in Europe. “European energy markets reached a boiling point last week as gas and power prices soared to new levels of unaffordability,” the bank wrote. “No matter how you spin it, all signs point to a genuine energy crunch in Europe.”
In the report, the bank notes that greater intervention by European governments is necessary. “Current energy prices are untenable without government aid, but higher consumer prices are coming,” the bank wrote, adding that it expects U.K. utility bills to rise 80% in October.
Still, the bank acknowledged the difficulty that governments face when grappling with out-of-control energy prices. “Raising bills too much may create unrest and worsen economic woes, while inadequate action could exacerbate the crisis,” the bank wrote.
“With the war in Ukraine becoming increasingly entrenched,” the bank added, “the European energy crisis seems to have no end in sight.”
(Excerpt) Read more at fortune.com ...
Big wind
and Big sun
when winter comes
can’t get it done
Enviro whacko policies being strictly enforced in order to ultimately get rid of them.
I’m sure Russia will sell them some gas if they ask politely.
How come it seems to only be Europe who faces this horrible weather?
Trump is no longer US President. Biden cuts US energy production including natural gas that we were shipping to Europe.
Putin sees US surrendering Afghanistan and is emboldened to invade Ukraine AND cut oil shipments of Russian oil to Europe down to 20%.
But, but, but...global warming!
Maybe they will get some of that global warming they are trying to stop.
“Could.” Will this author be around for the first decade after his article to follow up on his prognostication? No.
Energy Crisis Tearing Through Markets Leaves a Trail of Losers
https://www.bloomberg.com/news/articles/2022-08-28/energy-crisis-tearing-through-markets-leaves-a-trail-of-losers
China’s energy crisis sees the world’s top emitter investing in more coal
https://phys.org/news/2022-08-china-energy-crisis-world-emitter.html
Global Energy Crisis Spurs a Revival of Nuclear Power in Asia
https://www.bloomberg.com/news/articles/2022-08-27/global-energy-crisis-spurs-a-revival-of-nuclear-power-in-asia
Oh...it is global. Just not reported to Americans.
“I’m sure Russia will sell them some gas if they ask politely.”
No longer worth it, too much trouble. All investment is now to the East.
Europe had their chance, now they can fight for their gas on the spot market (as LNG), and NEVER again see their $20/barrel LNG (crude equivalent).
How long does it take to open a coal mine and build a coal fired power plant? A year? Two at the absolute max? It need last no longer than that. The Yurp elites just have to stop their idiotic Gaia worship.
President Trump warned the chimps in charge of the coming disaster but they had to implement their tyranny and place their people at risk. Oh, well…your problem Euros. I hear your politicians taste like chicken so there is a silver lining.
We are so screwed.
Europe could face terrible winters due to their energy suicide. There is no energy crisis. The world has never been in a more advantageous position regarding energy, EVER! The world is awash in cheap energy. Our western masters just refuse us access to it.
Nobody cares what you think...you stupid ....!
Well then, they need to start drilling and providing people with inexpensive forms of heat.
Lots more people die from global cooling (aka winter) than from gorebal warming.
They are led by WEF fools … as are we
Little touchy there Bam Bam?
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