Commentary And Important Links
European Energy became a big story on May 18, 2013, when the EU Council President predicted that Europe might become the only continent in the world to depend on imported energy.
Within that story:
Updates
December 4, 2021: the energy gap between the US and Europe / UK will continue to widen ... regardless.
December 4, 2021: new tag created during calendar year, 2021 -- EU / UK energy crisis.
February 11, 2019: Europe may be on the cusp of a nightmare -- George Soros.
January 25, 2019: Europe is now the #1 customer for US LNG. Europe displaces South Korea and Mexico. This is a huge story.
January 9, 2019: the energy gap gets wider and wider, US vs EU. Russia now "controls" the EU. Pure and simple.
December 19, 2018: were the "Yellow Vests" the beginning of the end? At oilprice. Archived.
November 4, 2018: Europe's energy problem may be solved: Europe may not need all that much energy - Europe is moving manufacturing base to China.
October 31, 2018: rising energy prices push inflation rate to 6-year high in Eurozone.
February 22, 2018: Europe importing record amount(s) of coal from the US. What's in your barge?
December 7, 2017: Europe's energy mess gets messier and messier.
August 17, 2017: South Australia, Denmark, Germany -- all competing for the highest electricity rate anywhere in the universe.
August 17, 2017: UK geology won't support natural gas fracking.
July 29, 2017: a trifecta --
July 29, 2017: from the trifecta (above) --
- France will close a number of nuclear power plants after a series of outages
- US coal imports to Europe surging
- Great Britain will phase out all coal power plants by 2025
- US coal imports to the United Kingdom surged 175% in the first six months of 2017
- France and Britain have both committed to coal-powered cars only by 2040 (both countries will ban gasolines; one or both will also ban diesel cars)
- France bans fracking
January 13, 2017:
Europe close to running out of coal, natural gas, energy due to cold snap caused by global warming.
May 25, 2016:
workers strike; all eight refineries in France shut down; 2,000 gas stations have run dry; drivers waiting hours in line for gasoline;
May 11, 2016:
France may ban imported "fracked" natural gas.
March 20, 2016:
time for Europe to pivot west with regard to importing LNG.
June 23, 2015:
Europe will probably "need" US LNG. -- RBN Energy
June 13, 2015: getting closer to an announced Greek default; being reported today,
both Madrid and Barcelona, Spain's two biggest cities, have elected communist mayors.
February 3, 2015:
Europe won't pursue shale energy in my investing lifetime.
November 30, 2014:
Germany goes brown.
November 28, 2014:
Europe to be only continent to produce less energy going forward.
October 7, 2014:
EU clears way to import Canadians sands oil.
September 21, 2014:
40 million German households now pay more for electricity than anyone in Europe except the Danes.
September 1, 2014:
EU preparing for Russia to stop shipping natural gas this winter.
September 1, 2014:
Germany's economy shrank 0.2 percent, 2Q14.
August 28, 2014:
Germany's dream turning into a nightmare.
August 15, 2014:
Europe in a depression.
July 17, 2014:
Europe at risk of losing 30 million jobs to US shale revolution.
July 6, 2014:
Germany to severely and intentionally cripple their own economy.
June 10, 2014:
South Korean per capita income to surpass that of France by 2018.
June 1, 2014:
the beginning of the end of renewable energy. Iberdola, the renewable energy in Spain signs 20-year deal with Cheniere (USA) for LNG.
April 23, 2014:
Polish joke. Polish joke
updated, May 21, 2015.
February 19, 2014:
Great Britain scraps the second phase of its planned London Array, the largest off-shore wind farm in the world.
February 5, 2014:
EU running away from "green energy," embracing fracking, oil and gas.
December 31, 2013:
Russian natural gas exports to Europe hit a new record.
December 9, 2013:
Jeffrey Rubin, Huffington Post, suggests Europe will begin fracking, producing oil. He provides no evidence, and I don't that happening in my investing lifetime.
October 16, 2013:
uncertainty in Germany's energy market could stifle growth --
Bloomberg.
October 12, 2013:
Europe facing continent-wide blackouts; consumers already paying whopping utility costs.
Original Post
Europe may be the only continent in the world to depend on imported energy -- EU Council President.
I cannot make this stuff up.
That's almost a direct quote from European council president Herman Van Rompuy. ("Romper Room Rompuy" is one way to remember these renewable energy reformists.)
The Parliament is reporting (this page has already disappeared, but you can find the story easily by googling):
European council president Herman Van Rompuy has voiced concern about Europe's "energy dilemma".
Opening
the European business summit in Brussels on Wednesday, he said, "It's
now becoming clear; eventually Europe may well be the only continent in
the world to depend on imported energy.
"Already by 2035 our dependence on oil and gas imports will reach more than 80 per cent.
"This will have an impact on the competitiveness of our companies, and of our economy as a whole."
It should be noted that the Antarctic is a continent. So I doubt Europe will be the ONLY continent in the universe to depend on imported energy.
The EU spent billions on a strategic plan that not only failed, but failed miserably.
Think Solyndra writ large.
**********************
Meanwhile,
The (London) Guardian is reporting:
UK's climate change adaptation team cut from 38 officials to just six.
The number of people employed by the government to work on the UK's
response to the effects of climate change has been cut from 38 officials
to just six, triggering accusations that David Cameron's promise to be
the greenest government has been abandoned.
Yup, six. I guess the UK has its own version of a sequester.
