The Conservative Cave
Current Events => General Discussion => Topic started by: Ptarmigan on March 09, 2022, 06:32:49 PM
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Europe's green energy policies strengthened Putin, Michael Shellenberger says
https://www.foxnews.com/world/europes-green-energy-policies-strengthened-putin-michael-shellenberger-says
Europe's green energy policies empowered Russian President Vladimir Putin and stripped Western countries of their ability to sanction Moscow effectively, according to the best-selling author of "Apocalypse Never."
"You're not really an independent nation if you depend on foreign countries so heavily for your energy supplies," Michael Shellenberger told Fox News. He said European nations have become increasingly dependent on Russia for energy in recent years as they have adopted green policy initiatives.
The continent imports nearly 40% of its gas from Russia, according to the Associated Press. It consumes nearly five times as much oil as it produces, and Russia produces nearly four times as much oil as it consumes, according to British Petroleum.
Europe put themselves in awkward position.
Shellenberger described rising oil costs and foreign dependencies as "the worst energy crisis since 1973."
"I think the chances are very high that it's going to result in a global recession," Shellenberger told Fox News. "When oil prices reach these levels, they tend to trigger recessions."
DataTrek Research co-founder Nicholas Colas recently told Barron's: "History shows that a 100% increase in oil prices over a year usually triggers a recession (1990, 2000, 2008). We’re not quite there yet, but we are getting closer by the day.
Crude oil reached $130 per barrel Sunday evening, according to CNBC. A year ago, it was $63.81.
Shellenberger said oil prices could hit $200 per barrel.
High oil prices could lead to recession.
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EuroLanders have known how their dependence on Russian NG could be used for a long time, https://www.nbcnews.com/id/wbna28515983 . And have refused to learn from that 2009 experience.
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The Euro-Greenies, just like our versions don't seem to give a damn about unintended consequences. So, they're either hopelessly stupid or taking down their respective homelands are the goal.
Either way, the public needs to understand these uncompromising green policy groups will destroy the quality of life of any country who doesn't push back and hard.
Hopelessly idealistic, closet globalists or just stupid lost souls looking for a religion the end result isn't good for the rest of us.