The Europeans are moving away from Green Energy as President Obama moves toward Green Energy

Posted by PITHOCRATES - June 30th, 2013

Week in Review

Europe had gone all in on the green energy bandwagon.  To save the world from catastrophic climate change brought about by manmade global warming.  But they paid a price.  They have increased the cost of electric power.  Which increased the cost of manufacturing.  Making them less competitive on the world markets.  Resulting in anemic economic growth.  And a sovereign debt crisis as tax revenues fell.

Their journey into green energy has been an unmitigated disaster.  They are now reversing course.  And climate change be damned.  If there ever was a problem to begin with.  For let’s face, what good did all of Europe’s green energy efforts do anyway?  The climate doomsayers are still warning us that we must act now before it’s too late.  So apparently whatever the Europeans did had no impact on the climate.  Only their economies (see Europe exits climate money pit as Obama jumps in by RON ARNOLD posted 6/27/2013 on the Washington Examiner).

Myron Ebell, director of the Center for Energy and Environment at the Competitive Enterprise Institute, told me, “The centerpiece of President Obama’s climate plan is a declaration of all-out war on coal. The only affordable way to reduce emissions from existing coal-fired power plants – which now provide 40 percent of the nation’s electricity – is to close them down…”

Ebell added that “Obama is pursuing his anti-energy agenda undemocratically through executive actions that bypass the people’s elected representatives in Congress.”

Autocrat Obama is also doing it without learning from the European Union’s green energy experience: skyrocketing energy prices, a ruinous slide into fuel poverty, solar panel financial meltdown, wind power bankruptcies and the specter of EU disintegration. As a result, the EU suffered an outbreak of realism.

In May, Europe’s heads of state and government at the EU Summit promoted shale gas and reduced energy prices. They would rather promote competition than stop global warming.

Obama just returned from Northern Ireland at the G8 meeting where he evidently didn’t ask why the United Kingdom removed climate change from the agenda.

European carbon markets had collapsed with the price of carbon hitting record lows, wrecking the European Union’s trading scheme for industrial CO2 emissions.

British Gas owner Centrica was buying up shale gas drilling rights in Lancashire for fracking operations. Green investors faced bankruptcy as Spain cut subsidies even further.

Large German companies such as Siemens and Bosch abandoned the solar industry, which had lost them billions, while investments in failed solar companies, including Q-Cells and SolarWorld, destroyed 21 billion euros of capital.

In response, German Chancellor Angela Merkel told a June energy conference in Berlin to expect reduced government spending on energy like wind and solar power to keep Germany economically competitive. Europe’s clean energy economy had become a black hole eating euros.

The United Kingdom is struggling to maintain their National Health Service (NHS) under the pressures of an aging population.  Fewer people are entering the workforce to pay taxes to fund the NHS.  While more people are leaving the workforce and consuming more and more NHS resources as they live longer into retirement than ever before.  A clarion call for anyone considering moving in the direction of a national health care system that also has an aging population.  Yet that is exactly what president Obama did during his first two years in office while the nation was suffering in the worst recession since the Great Depression.  Instead of cutting taxes to put people back to work he put into place massive tax hikes coming our way to fund Obamacare.  Learning nothing from the British.

Now he has an entire continent showing how wrong it is to pursue green energy.  And what does he do?  Ignores the Europeans completely and plunges headlong into the same foolish mistake they made.  Instead of cutting taxes to help put Americans back to work in the worst recovery since that following the Great Depression he plans on raising taxes on energy producers.  To fund green energy.  While increasing regulatory costs on good, dependable coal-fired power plants.  Which will increase the cost of electric power.  As well as the cost of doing business.  Not to mention the higher electric bills coming our way because of his desire to follow the Europeans down the dead-end road of Green Energy.

It’s as if the president is doing everything within his power to destroy the American economy.  Or he is completely clueless on how economies work.  He went to Occidental College, Columbia University and Harvard Law School.  So either these institutions are clueless on how economies work.  Or President Obama is purposely trying to destroy the American economy.  For someone or some institution is responsible for the president’s horrible economic policies.  They didn’t just happen.  There must be a method to this madness.  At least a reason for it.  Some reason for turning us into a failed European social democracy.

Of course, many believe that is the reason.  To turn us into a European social democracy.  To transform the country from the free market capitalism of the Founding Fathers into something closer to the state socialism favored by such anti-capitalists like Karl Marx.  Those on the left ridicule any such claims.  But Obamacare and this new Green Energy policy sure have more in common with socialism than capitalism.  As does the present anemic economy.

www.PITHOCRATES.com

Share

Tags: , , , , , , , , , , , , , ,

Comments are closed.

Blog Home