Stand and Fight …. No one gets out of this World alive

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.
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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 …


“… 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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Even if magma doesn't turn out to be specific answer for future needs, the general mood of trying alternatives is correct. Can't just stay with the known until the last penny is extracted just because we're familiar with it. I'm liking hydrogen these days, but just as one more card in a hand rather than some sort of single answer to the question. Single answers look tempting because of their simplicity, but frequently a lot of details get glossed over to reach that simplicity that belie a bunch of cases where it's not a sound idea. Gotta keep our feet moving on this one.

EDIT: Also, to keep us near the topic, that video from @cb7893 was quite a discussion. Kind of a wild mix of maintaining the Nazi cover story in one hand while questioning just about everything else in the other. Glad I'm not trying to walk that line for a living.
 
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.
I think the traders at GS are saying the rumor was bought, now is the time to sell the fact:

 
We complain about $0.11/kWh for electricity in the U.S. when Europeans already pay $0.35/kWh and it's going up.

In Louisiana, electricity is only 7-1/2 cents per kWh, while it's more like 27 cents per kWh in Hawaii.
Can you imagine? Let's say your electric bill is $100/month in Shreveport. That's more like $360/month in Honolulu.

Of course, in Shreveport the average home price is $188,000 while that same house in Honolulu is $888,000. I can only imagine what the property taxes are like. Hoo boy!

Great post!

Extrapolate though. Why are those great vacation spots throughout the Carribean, so desirable to Yankee dollar-rich recreationists, so damn poor?

No energy. No oil, no natural gas, no coal, no nuclear. Not even solar or wind. Dependent on expensive gasoline-powered generators. Great white-sand beaches, but you can't generate electricity from sand. No energy - no real economic progress in the modern world. Miami's beaches rival Aruba, bit Miami is connected to the American energy grid.

Hawaii, due to its being an American state and having so much investment in the way of rich Americans (and others) pouring their money there remains prosperous unlike, say, Aruba. I love Aruba. Been there five times. But would never invest any money there, even if it became US territory. Take any beautiful oceanside vacation spot and just drive inland about 2 miles and find yourself in a smaller version of Haiti. Even the palm trees there are imported from Florida, to attract US and European tourists.

Hawaii pays an expensive "tax" on not being part of the fossil fuel energy complex.

The modern world, for better or worse, is built upon the extropolation of fossil fuels. Makes me shudder to wonder what'll be like when they run out.
 
Great post!

Extrapolate though. Why are those great vacation spots throughout the Carribean, so desirable to Yankee dollar-rich recreationists, so damn poor?

No energy. No oil, no natural gas, no coal, no nuclear. Not even solar or wind. Dependent on expensive gasoline-powered generators. Great white-sand beaches, but you can't generate electricity from sand. No energy - no real economic progress in the modern world. Miami's beaches rival Aruba, bit Miami is connected to the American energy grid.

Hawaii, due to its being an American state and having so much investment in the way of rich Americans (and others) pouring their money there remains prosperous unlike, say, Aruba. I love Aruba. Been there five times. But would never invest any money there, even if it became US territory. Take any beautiful oceanside vacation spot and just drive inland about 2 miles and find yourself in a smaller version of Haiti. Even the palm trees there are imported from Florida, to attract US and European tourists.

Hawaii pays an expensive "tax" on not being part of the fossil fuel energy complex.

The modern world, for better or worse, is built upon the extropolation of fossil fuels. Makes me shudder to wonder what'll be like when they run out.
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In the future you can visit anywhere virtually … people won’t move around as much … villages and small towns will be the norm … large cities and urban areas are inefficient and unnecessary … housing will become smaller and more energy efficient … local farming will make a comeback.

Humans cannot outgrow their environment …
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Just got our electric bill. This month, I'm at .17/KWH. That includes the new 'Wholesale Power and Fuel Cost Adjustor fee. We didn't have that on our bill a year ago. Put this month's $70 over the same month last year (same usage, just the fee).

Any country being energy reliant on another, to the extent that they cannot function effectively without the other country's resources is scary as hell to me. Regardless of what the resource is. But especially when it relates to keeping people from freezing to death.
 
Electricity topped $0.55/kWh this week in the UK. When it hits $1.00/kWh next year in parts of Europe (The year-ahead German contract for 2023 is at $0.95 right now), it will cost $62 to charge a "cheap" Tesla model 3 and drive to it's limit of 267 miles.

I can drive 479 miles on $62 worth of gasoline right now and it's starting to go down so I'm pretty confident that I will be able to drive twice as far as anyone in a Tesla for the same price.
 
Electricity topped $0.55/kWh this week in the UK. When it hits $1.00/kWh next year in parts of Europe (The year-ahead German contract for 2023 is at $0.95 right now), it will cost $62 to charge a "cheap" Tesla model 3 and drive to it's limit of 267 miles.

I can drive 479 miles on $62 worth of gasoline right now and it's starting to go down so I'm pretty confident that I will be able to drive twice as far as anyone in a Tesla for the same price.
How does the comparison work using US gasoline vs. US electricity or using UK petrol vs. UK electricity?

Full disclosure, I would slap a tax on EV's (though I'm not sure of the formula) to make up for gasoline taxes they do not pay. I think some states do, but I don't know enough to comment.
 
California announced last week that they will ban the sale of gasoline cars by 2035. They have had rolling blackouts this month and want everyone to keep their thermostats at or above 78-degrees and are asking them not to use major appliances.

Can you imagine what it's going to be like when they are demanding 400% of the power they're using now, in 2035? Supply and demand. $1.00 for a kWh will seem cheap, by then.
 
California announced last week that they will ban the sale of gasoline cars by 2035. They have had rolling blackouts this month and want everyone to keep their thermostats at or above 78-degrees and are asking them not to use major appliances.

Can you imagine what it's going to be like when they are demanding 400% of the power they're using now, in 2035? Supply and demand. $1.00 for a kWh will seem cheap, by then.
And CA is totally anti-nuclear power, meanwhile, they use the majority of the water from the Colorado, which is drying up. Yet every grocery store parking lot is more beautifully landscaped than a tropical resort. Misuse of water possibly? I do believe we have segued a bit.
 
Just got our electric bill. This month, I'm at .17/KWH. That includes the new 'Wholesale Power and Fuel Cost Adjustor fee. We didn't have that on our bill a year ago. Put this month's $70 over the same month last year (same usage, just the fee).

Any country being energy reliant on another, to the extent that they cannot function effectively without the other country's resources is scary as hell to me. Regardless of what the resource is. But especially when it relates to keeping people from freezing to death.
It's human nature to complain.

I live near the 3rd largest city in Missouri whose population constantly complains about the utility company whose combined rates are in the lowest 3% in the country. One company that provides gas, water, sewer and electricity.

In 2019 electricity was 10.9 cents /kWh. today is is at 12 cents.

I live on a small farm in a 100 yr old house and a well that serves the house and the livestock. We are on rural electric coop. This past month we paid $177 for electricity.. I was thrilled it was that low.
 
It's human nature to complain.

I live near the 3rd largest city in Missouri whose population constantly complains about the utility company whose combined rates are in the lowest 3% in the country. One company that provides gas, water, sewer and electricity.

In 2019 electricity was 10.9 cents /kWh. today is is at 12 cents.

I live on a small farm in a 100 yr old house and a well that serves the house and the livestock. We are on rural electric coop. This past month we paid $177 for electricity.. I was thrilled it was that low.
Yeah, it's just the DH and I in a 23-year-old home. Not the most energy efficient but we try. Bill this month was $380, and that's just electric. We have propane for everything else and a separate water bill. Ugh. Well, at least I'm true to human nature and b$&ching about it. :)
 
And CA is totally anti-nuclear power, meanwhile, they use the majority of the water from the Colorado, which is drying up. Yet every grocery store parking lot is more beautifully landscaped than a tropical resort. Misuse of water possibly? I do believe we have segued a bit.

Real estate prices in New England and northern New York will rise.
Those west of the Mississippi will plumett - no water.
Buffalo will become the new Phoenix.
Phoienix will become the new Detroit.
 
Ever heard of the Ogallala Aquifer?

Yeah. It's great for agriculture. Not for people. And it's being depleted at an increasing rate. Major population centers like Las Vegas, Phoenix, Los Angeles, etc aren't going to be helped by the Ogala Aquifer.


"Today the Ogallala Aquifer is being depleted at an annual volume equivalent to 18 Colorado Rivers. Although precipitation and river systems are recharging a few parts of the northern aquifer, in most places nature cannot keep up with human demands."


"Water pumped for irrigation from the Ogallala Aquifer is the principal driver of the region’s mostly agricultural-based economy (market value $35 billion) Unfortunately, intensive irrigated agriculture is draining the aquifer much faster than rainfall can replenish it."

"At the current rate of use, part of the Ogallala could be exhausted within this century and may take 6,000 years to restore."
 
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Anne Applebaum — The Russian Empire Must Die

Enjoy ...

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