Sunday, May 13, 2012

Green Die-Off Energy Policies Hurt Europeans

The governments of Europe are causing undue pain and hardship to Europeans. Thanks to Euro governments, the people of Europe will pay more for energy, and will be subject to energy shortages and power brownouts and blackouts -- all in the name of a computer modeled quasi-religious orthodoxy trying to pass for science: catastrophic anthropogenic global warming.
Denmark, an early adopter of the global-warming mania, now requires its households to pay the developed world’s highest power prices — about 40¢ a kilowatt hour, or three to four times what North Americans pay today. Germany, whose powerhouse economy gave green developers a blank cheque, is a close second, followed by other politically correct nations such as Belgium, the headquarters of the EU, and distressed nations such as Spain.

The result is chaos to the economic well-being of the EU nations. Even in rock-solid Germany, up to 15% of the populace is now believed to be in “fuel poverty” — defined by governments as needing to spend more than 10% of the total household income on electricity and gas. Some 600,000 low-income Germans are now being cut off by their power companies annually, a number expected to increase as a never-ending stream of global-warming projects in the pipeline wallops customers. In the U.K., which has laboured under the most politically correct climate leadership in the world, some 12 million people are already in fuel poverty, 900,000 of them in wind-infested Scotland alone, and the U.K. has now entered a double-dip recession.

The U.S., in contrast, will see power rates decline starting next year, according to the U.S. Energy Information Administration, dropping by more than 22% by the end of the decade and then staying flat to 2035. Why the fall? Mainly because the U.S. will rely overwhelmingly on fossil fuels in the years ahead, not just coal, which dominates the current power system, but increasingly natural gas, which is expected to account for 60% of all new generating capacity in the future. Thanks to fracking, the U.S. effectively has limitless amounts of inexpensive natural gas to add to its limitless coal.

While the rest of the developed world was in thrall to global-warming rhetoric, the U.S. talked the talk but balked at following through. In 1997, then president Bill Clinton and his vice-president, Al Gore, happily signed on to the Kyoto Treaty, which coerced the countries of the developed world into compromising their economies in order to save the planet. While other nations then dutifully complied, the U.S. Senate — as Clinton and Gore knew it would — refused to ratify Kyoto by a 95-0 vote. Clinton’s successor, George W. Bush, did an equally superb job of talking but balking at taking economy-killing measures. Bush successor Barack Obama, although a global-warming true believer, also put global warming on the back burner, preferring to make Obamacare, rather than climate change, his signature issue.

With the Republicans all but certain to control the purse strings following the November elections by dint of a majority in the House of Representatives, European-style legislation in the U.S. in aid of global warming will be impossible, even if the Republicans don’t also capture the Senate and the White House, as polls now indicate they will. In the event of a Republican sweep, the gap between power prices in the U.S. and the rest of the developed world will increase even more as “Drill, baby, drill” Republicans remove the existing restraints on the U.S. fossil-fuel industry, and slash the remaining subsidies on the U.S. renewable-energy industry. _Financial Post
Europe is already shrinking demographically, and only slowly beginning to confront the ruinous effects the of collapsing dominoes of debt across the EU, in the midst of a demographic contraction.

When the economic effects of the absurdist energy starvation policies of lefty-Luddite green influences on EU governments hit the fan, Europe's people and economies will really have something to cry about.

By the time the Euro leadership discovers how badly they have been hoodwinked by the carbon hysteric orthodoxy of CAGW, too many nations in the EU will be redlined on the misery meter.

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