European nations are already in conflict
— Netherlands refuses to produce more nat gas
— Belgium & Germany closing nuclear plants
— France opposes new gas pipeline to Spain
— Hungary says sanctions on Russia backfiredU.S. & Canada won't help & winter is still 3 months away
— Michael Shellenberger (@ShellenbergerMD) September 26, 2022
On the one hand, we are in totally new & dangerous territory. Europe hasn't ever had an energy crisis like this. Not even in the early 70s.
On the other, we are reverting to historic roles, with the U.S. refusing to help a rapidly fragmenting Europe. t.co/Av8FL8TOgC
— Michael Shellenberger (@ShellenbergerMD) September 26, 2022
That means that prediction is not helpful or interesting. What's needed is action:
— The U.S. & European governments must pressure Belgium and Germany to keep operating their nuclear plants and re-start ones that recently closed.
— Netherlands must resume gas production ASAP.
— Michael Shellenberger (@ShellenbergerMD) September 26, 2022
I recognize that the US is in the catbird seat WRT Europe. We could woo Germany's energy-intensive industries to the US. To some extent that will happen no matter what. But history teaches us that it's not in our interest to let Europe fall apart. In fact, it's dangerous.
— Michael Shellenberger (@ShellenbergerMD) September 26, 2022
The energy crisis hastens the end of the renewables maniat.co/j5gnxPaAwU
— Michael Shellenberger (@ShellenbergerMD) September 26, 2022
People think we’ll move to solar & wind but they are too energy-dilute, unreliable, and resource intensive. For those reasons, they make electricity expensive, and will only play a niche role. Natural gas & uranium are the fuels of the future.t.co/7DgQYt30Ig
— Michael Shellenberger (@ShellenbergerMD) September 27, 2022
🇩🇪 GERMAN IFO ECONOMIST: ALMOST ALL ECONOMIC SECTORS ARE IN THE MINUS, THE GERMAN ECONOMY IS FACING A RECESSION – RTRS
— Christophe Barraud🛢🐳 (@C_Barraud) September 26, 2022
Other than that everything is fine in Germany 👇 Chart @CavaggioniMario pic.twitter.com/4W5APNlH1r
— Michael A. Arouet (@MichaelAArouet) September 26, 2022
Just making the situation more difficult in the UK.
Loosen fiscal policy, tighten monetary policy = crash the economy pic.twitter.com/eR4jgkO9Te
— Ayesha Tariq, CFA (@ayeshatariq) September 27, 2022