So, Europe, How’s That Whole Net-Zero Thing Working Out for You?
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So Europe, how’s that whole net zero thing working out for you? boy. Again, it was funny. They were in full cover your book talks mode yesterday in Europe, claiming that there was some atmospheric anomaly that caused widespread blackouts in Spain.
Portugal, some of France, parts of Greece, here, there, and everywhere. That’s almost like the, what was that, from Men in Black, where they put the little light thing in front of them when they saw aliens, it was swamp gas. Yeah, was an atmospheric anomaly, sure. Yeah, as we reported, they were all pat themselves on the back. Yes, we are fully renewable in Spain.
And well, gee whiz, I guess the solar that you installed resulted what they’re saying, it’s too little inertia making the whole entire system very, very vulnerable. And what we’re reading right now is they came very, very, very close for basically all of Europe being in the black.
You want to talk about net zero? Yeah, you’ve got net zero. You’ve got nothing. You’ve got no electricity for the entire continent. Again, you know, this is going back to what I was saying before. This is how you sell companies to set up shop in the United States. We need, we’re not even close. We don’t have nearly enough power plants here, especially with all of the
the data centers and the myriad of different things that are being put together in regards to tech, we got to start building. We need nuclear power plants everywhere. We need gas fired plants everywhere. We need to do this because guess who’s out building us on this? China.
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China, you want to attract more businesses here to the United States? You want more manufacturing here in the United States? Well, you know what? You want to make one of their input costs really, really low? Well, yeah, build more power plants. So they’re interesting story. And this is in regards to Germany. Germany has invested so many hundreds of billions of euros in its green energy transition over the years that no one can tally the precise amount.
Yet the share of wind and solar power in the country’s energy mix in the first quarter managed to fall. Managed to fall. Renewable sources made up some 47 % of electricity consumption. Again, that’s down from 56%. And this is despite the fact that they have to continue to build out renewable generation. Guess what, guys?
February and March.
it wasn’t windy.
Was it windy? Shucky darn. Geez, when you overly rely on wind, offshore, onshore, not good. you know what too? There wasn’t a lot of rain either. hydropower underperformed. they got a little bit of a boost because it was sunnier. So solar output was up a little bit.
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But it’s Germany for crying out loud. They have short daylight hours for crying out. Come on, people. Again, listen, it’s their religion over in many places in Europe. It’s what they’ve sold on and, you know, they’re wrecking themselves. Their loss should be our gain. We shouldn’t make it China’s gain, which is why we really need to get to stepping.
when it comes to building out more power in the United States. Watchdogonwallstreet.com.
