Green Is Dead: EU Energy Roadmap Has Shifted From Decarbonization To Energy Security, Goldman Warns

Tuesday, Mar 08, 2022 - 12:05 PM

Reading toward the end of the Goldman oil upgrade note discussed previously (available to pro subs) we find what is arguably the most important information in the entire research report.

Discussing how the Russian invasion will result in a "dramatic reshape of the global energy landscape for the coming decades", Goldman writes - at the very end of the note - that:

The energy shock created by Russia will change energy policy and planning in coming years, in our view. The EU will soon announce its  energy roadmap and has reportedly shifted its short-term focus from decarbonization to energy security, likely relying for now on more coal, more nuclear, and gas generation, and overall allowing for more carbon emissions [consistent with the sharp sell-off in European carbon prices over the past week of nearly 30%].

As Goldman concludes: "This should prove be a significant positive for US and core-OPEC energy output in coming years, and the price induced accelerator of the energy transition for the following decade."

The take home lesson here is never let your energy policy be dictated by a petulant teenage girl, whose subversive ideas - as some jokingly suggested...

Continue at the following weblink:

https://www.zerohedge.com/markets/green-dead-eu-energy-roadmap-has-...

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Comment by Willem Post on March 8, 2022 at 5:55pm

These ZERO-carbon people have no education and experience analyzing any energy systems, heavily subsidized or not, but they mouth all the answers, ad nauseam.

By my standards, they are inanely stupid.

They have no idea:

- How that could be achieved, from A-to-Z, year after year

- What it would cost per capita, year after year

- What percentage of households could afford to go that route

Would not the first thing be to abolish: 1) all cruise ships, 2) all private planes and yachts, 3) any houses greater than 4000 sq ft, and 4) all second houses?

Would not the first thing be to have all buildings be highly sealed and highly insulated, and face due south for maximum passive solar gain?

Here is an inkling of the magnitude of just one of the aspects of net-zero

Basically, almost the ENTIRE building stock (houses, other buildings, etc.) in New England meets the ENERGY HOG standard, if zero-carbon is to be achieved. 

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Sign up today and lend your voice and presence to the steadily rising tide that will soon sweep the scourge of useless and wretched turbines from our beloved Maine countryside. For many of us, our little pieces of paradise have been hard won. Did the carpetbaggers think they could simply steal them from us?

We have the facts on our side. We have the truth on our side. All we need now is YOU.

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Vince Lombardi 

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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