- Joined
- Feb 7, 2019
- Messages
- 1,838
.Or not... you have just to search for "EU energy crisis". From Germany to France, Romania to Sweden, almost all European countries are preparing for the worst (and not necessary this winter will be the worst...).
Just a couple quotes:
"The energy shock is now a full-blown political and economic crisis. Already 14% of families in Britain are behind on their utility bills."
"At today’s futures prices, annual spending on electricity and gas by consumers and firms across the European Union could rise to a staggering €1.4trn, up from €200bn in recent years, reckons Morgan Stanley, a bank." (The Economist)
"Germany has garnered most of the attention when it comes to Europe’s energy crisis, given its dependence on Russian gas. But it’s France that will struggle the most to avoid blackouts this winter..." (Bloomberg)
"Last year, the EU imported about 155bn cubic metres of Russian pipeline gas, about 40 per cent of its total supply. That has now dropped to 9 per cent" (Financial Times)
"Switzerland Federal Department of Finance spokesman Markus Sporndli told Blick the country could issue fines for people who heat their homes higher than 19C. "
So it's not so simple, it's not just about how the people will get warm during the winter. There are companies who (will) need to shut down because of the prices, people who will lose their job and all income because of this, political parties who won't be re-elected, because of the crisis, which may causes more insecurities...
These are certainly very interesting times.
Diversify now … and … you gotta start somewhere ‘cause the status quo ain’t working …
“Drill, Baby, Drill” to capture heat from the Earth’s mantle … the Earth is a 24/7 heat source
Deep Earth “Geothermal” …. Can use old fracking holes too …
Opinion | ‘Drill, Baby, Drill’ Is the Future
Fracking techniques could be used to generate energy with no carbon emissions.
www.wsj.com
“… Dig deep enough and, no surprise, it’s hotter than hell down there. Isotope reactions in the mantle under the Earth’s crust generate 20 terawatts of constant heat flow …”
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