Europe's Other Power Crisis: Energy
Friday, May 18, 2012 at 07:42PM 
Just published here at The Commentator (UK) and here at Energy Tribune (US). Here's a taster:
What’s the difference between the European Union and the Titanic? Answer: the Titanic was holed by a single immovable object and took minutes to sink. The EU, another allegedly “unsinkable” project, is taking a little longer. As if Eurozone crisis and keeping Greece afloat wasn’t threatening enough, the next crisis is looming: energy – a crisis entirely of the EU’s own policy-making.
The EU’s ideologically-driven Energy Road Map prioritized ‘green’ renewable energy, diverting away from Russian natural gas dependency and harmonizing energy and environmental needs. The result: a devastatingly inept screw up that threatens continent-wide power outages even, as Die Welt recently reported, in Germany as early as next winter.
In short order, EU energy policies have created an unsustainable, publicly-subsidized, market-skewing ‘green’ energy bubble, eschewed a cheap fossil fuels policy and realistic alternatives to Russian gas imports. Together those failed policies have resulted in the double double-whammy of soaring of energy prices and, as is now being reported, diminishing European industrial competitiveness.
Reader Comments (5)
Higher gas prices are a new reality that must be faced by the American people. There is no technical fix to this problem until the competing factions on the issue begin to adapt and reconcile their values toward energy policy.
Please visit http://chriscrosby.net/blog/2012/03/16/americas-gas-pains/
thank you very much
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