Europe’s Road to Energy ‘Hell’ Was Paved With Green Energy – The White House Wants to Follow

Some Europeans are so indignant over sky-high vitality payments they have been burning them. Others are beginning to collect firewood for winter. 

These are among the wealthiest nations on the planet, and but residents are questioning if they are going to have the ability to afford to warmth their properties when the climate turns chilly. 

“We’re at costs that are 10 to fifteen occasions the 10-year common. Individuals cannot afford to pay that a lot for his or her vitality payments,” says vitality professional Nathan Piper of Investec. 

Europe’s closure of tons of of coal and pure fuel energy vegetation in favor of wind and photo voltaic, and its choice to depend on Russia for 40 p.c of its pure fuel, have backfired badly.  

The Nord Stream 1 and a couple of pipelines from Russia to Germany are each offline after being rocked by an explosion final week—what’s suspected sabotage.

Germany was warned repeatedly by President Donald Trump that it was making a giant mistake in turning to Russia for vitality, together with this speech on the United Nations on September 25, 2018:

“Germany will change into completely depending on Russian vitality if it doesn’t instantly change course,” Trump mentioned. 

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Germany’s UN delegation appeared to giggle at Trump’s warning. 

They don’t seem to be laughing in Germany now. 

Dr. Holger Thuss, president of the European Institute for Climate & Energy in Germany says, “It is loopy. Everyone’s afraid of the upcoming winter. No one actually is aware of what is going on to occur. And no one additionally is aware of the place the vitality goes to come back from.”

European companies that may not afford their vitality payments are shutting down. 

The Euro foreign money and British Pound have dropped dramatically.  

And regardless of the vitality disaster, European nations are persevering with to shut and dismantle nuclear reactors. 

Ten years in the past, Germany had 17 nuclear reactors. It is determined to maintain 2, and solely as “backups.” 

“So then it is getting even worse,” Thuss warns. “You’d assume these individuals are insane which can be in cost proper now.”

America ought to be taught a lesson from Europe’s vitality disaster, however the Biden administration appears to be taking place the identical highway.

The White Home needs America on 100% inexperienced vitality in simply 13 years, and Democrats in Congress persist in pressuring banks to cease funding the oil and fuel trade.

Throughout a current Home Monetary Providers Committee listening to, Rep. Rashida Tlaib (D-MI) requested prime bankers, “Please reply with a easy sure or no, does your financial institution have a coverage in opposition to funding new oil and fuel merchandise? Mr. Dimon?” 

Jamie Dimon, CEO of JPMorgan Chase answered, “Completely not and that will be the highway to hell for America.”

It has actually been the highway to financial hell in Europe, which is now bracing for social unrest this winter.

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