Mish Shedlock sums up Germany’s energy dilemma.
- Angela Merkel mothballed nuclear power plants to appease the Greens.
- The Nord Stream II natural gas pipeline is ready to deliver gas but is totally shut down due to sanctions.
- Nord Stream I needs repairs but sanctions limited availability of parts.
- Rather than put the nuclear plants back in production Germany is resorting to more coal but supply constraints hinder getting the coal to the plants.
- German Greens would rather use more coal than nuclear.
- Sanctions have driven up the price of natural gas so much that Germany is discussing rationing natural gas.
- Coal is the single largest method of generating electricity in Germany, 32 percent in the third quarter of 2021 up from 26.4 percent. It’s use is undoubtedly higher today.
Well Done Germany! … This is what happens when you mandate green energy and have no legitimate plan to get there.
There’s more at the link.
One wishes that someone had repeated that last sentence to the Biden administration on the day it took office. The pressure in and from Washington D.C. to move away from fossil fuels is immense, but it utterly fails to take into account that a replacement infrastructure is not yet in place. Restricting or shutting down older fuels and systems is all very well if they can be replaced at once; but if they can’t, the interval between ending one system and ramping up another is undoubtedly going to be painful as hell, for the economy, for business and commerce, and for individuals.
Of course, that doesn’t matter to the Biden administration. The pain is part of the plan. They want to crash the American economy – and they’re succeeding. They’ve followed Germany’s policies, and now they’re reaping the same disastrous harvest that Germany is reaping.