Free Markets, Free People

Energy

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Oil glut continues, CO2 didn’t rise last year and Gore wants all “deniers” treated as criminals

Hopefully, given Hillary’s latest scandal, Al Gore will be the only thing left standing on the Democratic side when the election rolls around. Because, well, because the Democrats deserve him.  And Ezra Klein is all for him filling in for the “inevitable one.”

But that’s not my main subject today.  Two notes of interest that are likely to get the short shrift in the press with all the usual nonsense flying around.

One:

Global emissions of climate-warming carbon dioxide did not rise last year for the first time in 40 years without the presence of an economic crisis. “This is a real surprise. We have never seen this before,” said IEA chief economist, Fatih Birol, named recently as the agency’s next executive director.

So here is what is likely to happen.  With this bit of news, you can expect to see a huge push by the Chicken Little contingent to claim credit and victory.  Why see what they’ve done!  Never mind the fact that the temperature hasn’t risen in over 10 years and forget about that brutal winter you’ve just survived.  We’re winning against “global warming”.

Trust me … you’ll see it soon.  Of course there will be no science to support their claims, but then that’s nothing new, is it?

Meanwhile, in the face of all that, Japan is increasing its use of coal as it continues to replace nuclear energy and we’re in the midst of an oil glut that doesn’t appear ready to tail off anytime soon.

Two:

“Yet US supply so far shows precious little sign of slowing down. Quite to the contrary, it continues to defy expectations,” said the IEA in its monthly Oil Market Report, which sharply revised up its output estimates for the end of last year and forecasts for the begging of 2015.

With US crude stocks striking all-time records, it noted storage capacity limits may soon be tested.

So cheap gas?  Oh, yes, much cheaper than the Obama Administration and the Greenies would like.

The question then is with an abundance of cheap gas and other petro products, no warming in over 10 years and evidence that we’re not increasing the CO2 emissions, how inclined to you think the average joe is going to be to change his habits?

Yeah, not very.  In fact, my guess is he’ll be quite resistant to the idea as he tools around in his SUV.

So, please, bring on the Goracle.

We need the entertainment.

~McQ

Screw the science, we need the money!

The title is essentially what is going on in California as the Democratic controlled state imposes a tax for the “prevention” of global warming.

Californians will now have to pay yet another tax as part of the state’s effort to fight global warming. Residents will now pay a global warming tax for buying gasoline on top of the already existing state gas tax.

But being “smart” politicians, they don’t call it a tax:

The global warming tax on gas retailers is part of the state’s cap-and-trade program. But state officials are not calling the global warming charge a tax, instead they are saying it’s a fee paid by gas retailers when distributors load tanker trucks — even though the cost is passed onto consumers through the cost of fuel.

“They are not calling it a tax, and these guys (wholesalers) are adding it to the cost of the fuel, so you are paying a tax on a tax,” Max Castillo, who owns a convenience store and gas station, told the San Diego Union-Tribune. “California is the leader of the nation in paying taxes.”

That’s right, folks, it’s a “fee”.  So Californians, who live in the state with the highest taxes, now get to pay a tax on a tax “fee”.  The result?

The global warming tax adds about 10 cents a gallon to wholesale gas prices and 12 cents to diesel prices, reports the Union-Tribune. But with gas prices down about one dollar from last year, few residents have noticed the global warming fee being added to their gas bills.

Californians pay a whopping 77 cents per gallon extra on gasoline due to fees and taxes. The Union-Tribune reports that “[e]xcise taxes… cost consumers 36 cents per gallon for the state and 18.3 cents for the federal government.” This is in addition to the 2 cent underground storage tank fee and the “global warming fee, which is variable and could soar in the future, added about a dime this week.”

The global warming fee adds 2.25 percent to the full retail price of gasoline — which includes existing taxes and fees — meaning that once gas prices start to rise, Californians may take notice when their gas bills go way up.

Science doesn’t support this.  It simply isn’t there.  And California’s politicians deciding to do it on their own is simply an exercise in political arrogance and vanity.  A decision to get the “little people” to again pay for a political boondoggle (see current “light rail” boondoggle).  Nothing will come of this in real terms.  California fossil fuel usage for transportation needs is 96%. That hasn’t changed much and isn’t likely to change anytime in the near future.

However, that apparently doesn’t prevent politicians from imposing their utopian pipe dreams on the citizens of that state – and frankly, they richly deserve this given their past voting record.

The imposition of a global warming tax on fuel retailers comes as Democratic Gov. Jerry Brown announces plans to push the state to get 50 percent of its energy from green sources and move away from oil.

“If we have any chance at all of achieving that, California, as it does in many areas, must show the way. We must demonstrate that reducing carbon is compatible with an abundant economy and human well-being,” Brown said in a recent speech.

Brown wants to put the state on track to get 50 percent of its energy from green sources, like wind and solar, by 2030 and cut the state’s use of petroleum in half in the next 15 years. Brown also promised more rules to make buildings more energy-efficient.

“All of this is a very tall order. It means that we continue to transform our electrical grid, our transportation system and even our communities,” Brown said.

It’s BS built on a questionable scientific theory based in models which have been found to be horribly wanting and consistently wrong.  This isn’t about the environment (other than it will help keep that lobby a bit quieter and in the politician’s pocket), it’s about money – revenue.  And power.

But then, when isn’t it anymore?

~McQ

Stray voltage

More subjects than one can conveniently throw a stick at … so we’ll throw several sticks.

Have you seen the latest Brookings Institute poll on Obama’s “greatness” as a President?  It is interesting.  They decided to poll the American Political Science Association.  Their “consensus”?

First, President Obama ranks 18th overall, but beneath the surface of the aggregate figures lurks evidence of significant ambivalence. For example, those who view Obama as one of the worst American presidents outnumber those who view him as one of the best by nearly a 3-1 margin. Similarly, nearly twice as many respondents view Obama as over-rated than do those who consider him under-rated.

Well there you go.  Even a liberal leaning think tank polling liberal leaning academics can’t manage to put lipstick on a pig.  18th overall?  Hilarious.

Remember we were told that Iraq was “poorly thought out” and that “armed intervention” was a mistake?

Wouldn’t it be interesting if someone applied the same standard to Libya?  Yesterday we got to see what some of the result of that awful decision when 21 Coptic Christians were beheaded by ISIS.  And the White House reaction?

The United States condemns the despicable and cowardly murder of twenty-one Egyptian citizens in Libya by ISIL-affiliated terrorists.

Can’t even get up the gumption to identify who the “Egyptians citizens” were.  They weren’t beheaded for being Egyptians, folks.

We call on all Libyans to strongly reject this and all acts of terrorism and to unite in the face of this shared and growing threat.  We continue to strongly support the efforts of the United Nations Special Representative of the Secretary-General Bernardino Leon to facilitate formation of a national unity government and help foster a political solution in Libya.

Because, you know, Obama and the boys kind of broke the last government.

Meanwhile in Oregon, the Democratic governor resigns in disgrace, a victim of corruption in the “green energy” field.

It is a safe bet that Kitzhaber’s implosion has sent the rest of the nation’s Democratic governors, and even a few officeholders in Washington, scrambling to review their affairs. It is the very nature of green energy that its unprofitability ensures that it is only viable in the marketplace if it is subsidized at taxpayer expense. The political class’ favorability toward clean energy and the media’s deference to the project of green technology have created the perfect conditions where corruption can thrive.

Leftist billionaire Tom Steyer is deeply implicated in all of this.  I wonder if he’ll get the “Koch brothers” treatment by the media.

You can read on when you stop laughing hysterically.

Oh, and here’s another in a long line of damning reports about ObamaCare.

On another subject, I’m old enough to remember friends crippled by polio and the “iron lung”:

“We are at a stage where people have no memory of just how dangerous pathogens used to be. There is no visceral fear of viruses and bacteria. Children in wheelchairs as a result of polio are a thing of the past because the United States has been polio free since 1979 as a result of vaccines. The only people I’ve ever met who were hobbled by damage from polio were older than me. . . . I do not expect an innumerate and unscientific public to become more trusting of medical organizations that support vaccination. In some communities herd immunity has already been lost and it will be lost in more other communities. This trend will continue until an old disease comes sweeping thru and racks up lots of damage and fatalities.”

On the other hand, the government has reported for 40 years that cholesterol was going to kill us and then, recently said, “never mind”.  But they still want us to believe their science about “global warming”.  That said, one small pox plague and I’d bet everything would change.  Its hard to be fearful when you’ve never had to live with the results of awful afflictions like polio.   I remember that being the greatest fear of many parents.  Now, well, now they don’t even give it a second thought.  That’s because of a vaccination, for heaven sake.  Same with small pox.  But then anti-vaxxers are using the same sort of science that warming alarmists do, so you shouldn’t be particularly surprised.

Meanwhile in Wisconsin (not surprisingly, Madison, WI) 30 homes were spray painted with anti-Semitic graffiti.  My guess is the White House would characterize the act as “a random act by some juvenile delinquents”.  I’m still in awe of the spineless characterization of the victims in the Kosher Deli in Paris as some “folks” in a random incident.  But then, this is the same administration that for years characterized the Ft. Hood shootings as “workplace violence”, so it really isn’t a big surprise.  Back in Madison, don’t even begin to believe that the vandalism will ever be classified as a hate crime.  That is reserved for favored minorities only.

Graeme Wood (read the whole thing) lays the wood to the cowardly among us who can’t find it in themselves to identify the enemy and the enemy’s foundation:

The reality is that the Islamic State is Islamic. Very Islamic. Yes, it has attracted psychopaths and adventure seekers, drawn largely from the disaffected populations of the Middle East and Europe. But the religion preached by its most ardent followers derives from coherent and even learned interpretations of Islam.

Virtually every major decision and law promulgated by the Islamic State adheres to what it calls, in its press and pronouncements, and on its billboards, license plates, stationery, and coins, “the Prophetic methodology,” which means following the prophecy and example of Muhammad, in punctilious detail. Muslims can reject the Islamic State; nearly all do. But pretending that it isn’t actually a religious, millenarian group, with theology that must be understood to be combatted, has already led the United States to underestimate it and back foolish schemes to counter it. We’ll need to get acquainted with the Islamic State’s intellectual genealogy if we are to react in a way that will not strengthen it, but instead help it self-immolate in its own excessive zeal.

Meanwhile, at the State Department and White House …

~McQ

Stuff and whatnot

The idiocy continues on all sorts of fronts.  A few things that caught my eye.  David Axlerod’s autobiography and his expectations:

“More than anything, this is what’s terrible about modern media and how these books roll out,” Axelrod says. “I was determined to write a book that wasn’t going to be characterized by some titillating nugget that had about a three-day half-life, but rather an entire story of my life and the conclusions that life has led me to. I wanted to write a book that people might want to read years from now and not just today’s publication because they wanted to find out who had been knifing who.”

A lovely sentiment. But Axelrod, who likes to think of himself as a real-world idealist, surely knew not to get his hopes up.

Oh balderdash.  Axelrod is about as calculating a political hack as one can find.  To assume he was so naive or stupid to believe his book would be treated any other way is irony on steroids.  The only thing interesting about the man at all are the political secrets he may reveal.  I got a good laugh out of his disappointment.

Under the sarcastic title of “wow, I’d have never guessed this … ” we find:

A shadowy Bermudan company that has funneled tens of millions of dollars to anti-fracking environmentalist groups in the United States is run by executives with deep ties to Russian oil interests and offshore money laundering schemes involving members of President Vladimir Putin’s inner circle.

Look, those guys learned how to successfully co-opt liberal left anti-war groups ages ago.  This is just the updated effort.  Why this would surprise anyone is a mystery to me.  And, of course, it’s the big names of the movement – Sierra Club, the Natural Resource Defense Council, Food and Water Watch, the League of Conservation Voters, and the Center for American Progress.  Bought and paid for … by evil oil.

Irony … it’s just lost on the left.

Under the title of “when bureaucrats get huffy”, things got a little testy in a Congressional hearing yesterday with the newest VA Secretary.  Apparently he’s not used to having his competence questioned:

The fracas started when Coffman criticized the VA for citing its effort to defend cost and time overruns at a Denver hospital projects as a major accomplishment.

“How is that a success?”

[Rep. Mike] Coffman [(R-Colo.)] asked. “You lost that case on every single point for the hospital in my district that is hundreds of millions of dollars over budget and years behind schedule.”

“I think that that’s just characteristic of your glossing over the extraordinary problems confronted by your department,” Coffman added. “This is a department mired in bureaucratic incompetence and corruption. And I gotta tell you, I think the public relations is great today, but there’s no substance.”

McDonald said he was offended by those remarks, and then dodged the question and tried to shift the blame to Coffman and others in Congress.

“Actually, I’ve been here six months,” McDonald said to Coffman. “You’ve been here longer than I have. If there’s a problem in Denver, I think you own it more than I do.”

Really … because Coffman has what to do with running the VA project in question?  After all the failure of the past 6 years, that’s just what you need, an egoistic, thin-skinned nincompoop at the head of the VA.  McDonald followed that little jewel up by showing he knew nothing about the person he was insulting:

… McDonald ended by barking at Coffman, “I’ve run a large company, sir. What have you done?”

Well, as it happens, Mike Coffman is a combat veteran who started his own company, and is the only member of Congress to have served in both Iraq wars.  And as it happens, Secretary McDonald is an ass, just like the head of the IRS, just like our Attorney General, just like … yes, it’s the culture and climate that has evolved within this administration and it all goes directly to the head of it all … our snarky, sarcastic and disrespectful president.

Btw, in my estimation, McDonald ended up looking like a fool, something he richly deserved.

Instead of hurling insults, McDonald should be interested in actually doing something useful.  Like his job:

The Department of Veterans Affairs’ vast health network — beset by a scandal last year over delayed care — has been listed as a high-risk federal program by congressional auditors for the first time.

The report by the watchdog Government Accountability Office, which is issued every two years, includes a broad indictment of the $55.5 billion VA program, one of the nation’s largest health care systems. USA TODAY obtained the VA section of the report, scheduled for release Wednesday.

And this goob, like most of the administration, is trying to lay off any blame.  It’s a perfect example of an ossified bureaucracy that is more than incompetent, it’s lethal.

Finally, for those of you who like strolling down the memory lane of climate alarmist predictions, there’s a website up dedicated to reminding us again how wrong they’ve all been:

A senior environmental official at the United Nations, Noel Brown, says entire nations could be wiped off the face of the earth by rising sea levels if global warming is not reversed by the year 2000.

San Jose Mercury News 30 Jun 1989

Ah, yes, the good old days.

~McQ

Like cheap gas? The EPA doesn’t

The oil shale boom has helped create a surplus of oil that has entered the market and driven prices down to under $2 a gallon. It is an economic boon to hard pressed families and businesses who use a lot of fuel. It is also a testament to how well markets work. And that’s why government is about to intrude in that market and jack the prices back up. This time under the guise of your out-of-control EPA

In spite of dramatically lower methane emissions from fracking, according to the EPA’s own data, the agency wants to impose draconian regulations on the oil and gas industry similar to those on coal.
The new rules that the White House announced on Wednesday aim to cut oil emissions of methane, a target of environmental groups, by 45% below 2012 levels, despite the fact that the emissions already show a sharp decline even as shale oil and gas production has skyrocketed.
This war-on-shale action mirrors the administration’s war on coal, with EPA rules impossible to meet economically and sometimes requiring technology that doesn’t even exist.

This is all based on the extremely shaky theory that the earth is warming due to greenhouse gasses produced by man, despite 18 years with no evidence of warming. It is also being done despite the fact that the EPA has no real reason, according to its own findings, to go after this industry:

“Reported methane emissions from (the) petroleum and natural gas systems sector have decreased by 12% since 2011, with the largest reductions coming from hydraulically fractured natural gas wells, which have decreased by 73% during that period,” according to the EPA itself.

Oil from shale has created jobs, lowered fuel prices and generally been the one bright spot in an otherwise lackluster economy. And it has been done without Federal help. Now the government is going to step in and impose onerous requirements on that will both slow production and raise production costs (then when prices go back up it will blame greedy oil companies).
You’d almost think the guy in the White House had once promised that energy prices would rise to very high levels under his administration.

So, why does this even make it to the “presidential level”

The “this”?  Keystone XL pipeline.  Why is the president at all involved in this decision?  Why is he threatening a veto if the Republican Congress passes a bill authorizing it?

After all:

The nation’s pipelines are a transportation system. Pipelines enable the safe movement of extraordinary quantities of energy products to industry and consumers, literally fueling our economy and way of life. The arteries of the Nation’s energy infrastructure, as well as one of the safest and least costly ways to transport energy products, our oil and gas pipelines provide the resources needed for national defense, heat and cool our homes, generate power for business and fuel an unparalleled transportation system.

The nation’s more than 2.6 million miles of pipelines safely deliver trillions of cubic feet of natural gas and hundreds of billions of ton/miles of liquid petroleum products each year. They are essential: the volumes of energy products they move are well beyond the capacity of other forms of transportation. It would take a constant line of tanker trucks, about 750 per day, loading up and moving out every two minutes, 24 hours a day, seven days a week, to move the volume of even a modest pipeline. The railroad-equivalent of this single pipeline would be a train of 75 2,000-barrel tank rail cars everyday.

Pipeline systems are the safest means to move these products.

The source?  The Pipeline and Hazardous Materials Safety Administration of the Department of Transportation.  Yes, that’s right, the US government.  Executive branch.

Note the facts – 2.6 million miles of pipeline safely moving petroleum products 24/7.  Look at would be required without them.

Oh, wait, look what’s required without Keystone – trucking and railcars, of course. And who has a major stake in those operations continuing?  You know how this works … follow the money.

Can you say “cronyism”?

Sure you can.

The most “transparent administration”, ever!

Btw, GOP … make his veto it or forever be held as the cowards most think you are (after all, you didn’t even have the courage to dump Boehner).

~McQ

For Senate Dems, ideological loyalty trumps collegiality

Desperate for something positive to put before Louisiana voters prior to her Senate run-off, Democratic Senator Mary Landrieu is looking for an apparently illusive 60th Senate vote – from her Democratic colleagues.

Sen. Mary Landrieu (D-La.) and other supporters of the Keystone XL oil pipeline are stuck at 59 votes — one vote shy of the supermajority they need to move their bill forward on Tuesday.

Sens. Carl Levin (D-Mich.) and Jay Rockefeller (D-W.Va.) said Monday that they would vote against moving forward with the legislation, making it unclear whether supporters had a path to the magic number of 60.

Rockefeller had appeared to be one of the last possible converts Monday evening, and supporters were pressuring the retiring senator to join their side.

But he told reporters on Monday that he was firmly against the proposed pipeline: “I’ll be voting ‘no,’ ” he said.

Landrieu seems to think she has it, but the numbers don’t add up, at least at this point.  There may still be some hope for her, but it is slim:

Every Republican in the Senate is expected to back the measure, and 10 Democrats have signed on to legislation that Landrieu is sponsoring, along with Sen. John Hoeven (R-N.D.).

Sens. Bob Casey Jr. (D-Pa.), Tom Carper (D-Del.) and Michael Bennet (D-Colo.) have also promised Landrieu that they will vote in favor of the pipeline, which would carry fuel from the Alberta oil sands in Canada to the Gulf Coast.

That gives Landrieu a firm 59 votes, but it’s not enough to move forward.

With Rockefeller a “no,” the best hope for Landrieu might be Independent Sen. Angus King (Maine), who told reporters on Monday that he is leaning against the measure.

Noting that he could be a pivotal vote, King also said of the roll call vote on Tuesday: “Wait till they get to the Ks.”

Sen. Chris Coons, who was previously considered a firm “no” on the Keystone vote has been talking to Landrieu about the bill.

“He cares for Senator Landrieu a lot, so he’s listening to what she has to say,” Coon’s spokesman Ian Koski said in an email Monday evening.

“But I have no reason to believe his position has changed,” Koski added.

And, of course, even if she does manage to convert one of those two, which seems unlikely, there’s Obama:

Even if the legislation is approved by the Senate, however, it is likely to be vetoed by Obama.

He said last week that lawmakers should not “short-circuit” the federal review of the pipeline that is already underway.

“I’ve been clear in the past. … My position hasn’t changed, that this is a process that is supposed to be followed,” Obama said at a press conference in Burma.

This is Obama thinking he’s playing “hard ball”.  In fact, it is Obama playing his favorite game, throwing someone under the bus.  So it’s likely “good bye Senator Landrieu”.  The fact that Keystone would create jobs in a down economy is moot.  Ideology trumps.  And it is much more important, after the drubbing the voters gave the green agenda early in the month, to keep the Tom Steyers of the world happy than it is to support one unimportant Senator in a mostly red state anyway.  Her reward for voting for and supporting ObamaCare in the Senate?  Stiffed in her hour of need by her party.  Irony.

Landrieu, naturally, will blame her pending loss on the “racism” and “sexism” of the South – after serving 18 years in the Senate.

~McQ

Economic growth and national security? Or taxes?

The Financial Times [subscription] is reporting that the US is poised to become the world’s largest producer of liquid petroleum (oil and natural gas liquids):

US production of oil and related liquids such as ethane and propane was neck-and-neck with Saudi Arabia in June and again in August at about 11.5m barrels a day, according to the International Energy Agency, the watchdog backed by rich countries.

With US production continuing to boom, its output is set to exceed Saudi Arabia’s this month or next for the first time since 1991. […]

Rising oil and gas production has caused the US trade deficit in energy to shrink, and prompted a wave of investment in petrochemicals and other related industries. […] It is also having an impact on global security. Imports are expected to provide just 21 per cent of US liquid fuel consumption next year, down from 60 per cent in 2005.

The reason?  Fracking.  As Walter Russell Mead points out:

With productivity continuing to rise, the United States has a chance to become the single biggest producer of crude oil sometime in the near future. If you had said that a decade ago, you would’ve been laughed at and called a fool. What a difference fracking makes.

Indeed.  The “peak oil” pundits were sure we were on the precipice of running out of oil.  Now, it seems, the sky is indeed the limit.  Which is why it makes little sense, given the state of climate science, that our President is busily engaged via the UN and other domestic agencies, in throttling back one of the most economically viable growth engines the American economy has at the moment (and for the foreseeable future).

Instead of working on a policy to limit future use of hydrocarbons, this White House should be pushing a policy that helps us safely and sustainably exploit these assets for all.  Additionally, while petroleum is indeed a global commodity, this level of production would go a long way toward the promise of energy independence in time of crisis.  It helps remove oil as a weapon of choice by various less than friendly states and allies of convenience.

Two winners for the US: economic growth and national security.

Instead we get an attempt to establish an new tax based on specious science.

Sort of par for the course, no pun intended.

~McQ

The most important reason the left’s “War on Coal” is wrong

Energy Matters takes a look at the progress of the green energy renewables that were supposed to be saving the day and justifying the “war on coal”:

“So while we can expect that hydro will continue to provide most of the energy generated by renewables for some time to come it isn’t likely to contribute to decarbonizing global energy generation any more than it already has. If decarbonization is to be achieved by expanding renewables the expansion will have to come in wind, solar and biomass. So let’s take hydro out and see how far growth in wind, solar and biomass has carried us along the decarbonization path so far…Clearly they still have a long way to go.”

Ya think?!

~McQ

Europe discovers its gas problem

German Chancellor Angela Merkel has declared the G8 to be dead, thanks to Russia’s take over of the Crimea:

German Chancellor Angela Merkel declared the Group of Eight leading nations defunct given the current crisis in Ukraine, in a clear message to Russia that the world’s seven other major industrialized countries consider its actions in Ukraine unacceptable. “As long as there is no political environment for such an important political format as the G-8, the G-8 doesn’t exist anymore, not the summit nor the format,” said Ms. Merkel, in Germany’s parliament, the Bundestag. “Russia is widely isolated in all international organizations,” the chancellor said.

Ah, yes, the old “isolated in all international organizations” gambit.  And what have all the “international organizations” done in reaction to Russia’s Crimean takeover?  About what they did when Russia pushed into Georgia.  A whole lot of nothing. It is one thing to have international organizations that have teeth and are willing to do something in reaction to such a blatant act.  But when they mostly issue statements condeming the action and void the Netflix accounts of certain Russian officals, being isolated from those organizations isn’t such a big deal.  All it does is make further diplomatic efforts more difficult, not that it is clear that Russia is open to diplomatic overtures.

Another thing that is happening is Europe is discovering it has managed to put itself in an energy situation that isn’t at all to its advantage.  30% of Europe’s natural gas flows through Russian pipelines (Germany gets 40% of its natural gas supplies from Russia).

So the scramble is purportedly on to change that situation.

European leaders will seek ways to cut their multi-billion-dollar dependence on Russian gas at talks in Brussels on Thursday and Friday, while stopping short of severing energy ties with Moscow for now. EU officials said the current Ukraine crisis had convinced many in Europe that Russia was no longer reliable and the political will to end its supply dominance had never been greater. “Everyone recognises a major change of pace is needed on the part of the European Union,” one EU official said on condition of anonymity. As alternatives to imported gas, the Brussels talks will debate the European Union’s “indigenous supplies”, which include renewable energy and shale gas.

Now, one would think that such a situation would call for drastic and speedy action.  Anyone want to bet how long they dither and, should they decide to exploit their “indigenous supplies”, how onerous the rules and regulations will be?

When leaders of the European Union’s member states meet today and tomorrow (20-21 March) in Brussels, they hope to reach consensus on the EU’s long-term climate goals. But agreement appears unlikely because of deep divisions between east and west. Ahead of the summit, ministers from 13 member states signed a declaration supporting a European Commission proposal for an EU commitment to reduce carbon dioxide emissions by 40% from 1990 levels by 2030 – up from a 20% target set for 2020. This ‘green growth group’ includes France, Germany, Italy and the UK. But Bulgaria, the Czech Republic, Hungary, Poland, Romania and Slovakia are wary of the target and the timeline, and are resisting any such commitment.

The latter group will most likely be all for moving ahead as speedily as possible to exploit “indigenous supplies”.  They’ll meet some pretty stiff headwinds, apparently, from the Western EU nations. You can almost see this train wreck coming.

Meanwhile in the pursuit of “green energy”, Europe is apparently ready to toss in the towel:

Governments across Europe, regretting the over-generous deals doled out to the renewable energy sector, have begun reneging on them. To slow ruinous power bills hikes, governments are unilaterally rewriting contracts and clawing back unseemly profits.

You have to laugh.  “Unseemly profits”?  They’re subsidies, sir.  Not profit.

It’ll be interesting to see if the EU has the will to sort this all out in the next couple of days.  If one is a betting person, you’d have to guess that the odds for success are long, given the EU’s recent history.

~McQ

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