And years of neglect, no more investing in reserves a complete government aversion towards anything that is related to fossil fuel finally comes and presents the bill. Keystone was bad, remember?
Europe is paying the price for it too, no more drilling, let's go all green, but when
the wind stops Denmark does also, no
more water in Norway dams and we're going to get power from what? The solar panels in Germany that get 4 hours of sun a day and the coal and nuclear and gas power plants that are shut own?
We're finally here, right before total green power and renewable dominance, where everyone will ditch their car and cycle in the morning to "work" in the woods gathering tree barks and mushrooms. Of course, you will need a special permit for this cause it will also affect the environment, so only 5 square centimeters of treebark per family member per day.
What could anyone expect from such a situation:
https://www.nytimes.com/2021/10/04/business/energy-environment/oil-and-gas-prices-clean-energy.htmlThe situation in the United States is not quite as dire, but oil and gasoline prices are high enough that President Biden has been calling on foreign producers to crank up supply. He is doing so as he simultaneously pushes Congress to address climate change by moving the country away from fossil fuels toward renewable energy and electric cars.
Yeah, it makes perfect logic, you destroy the supply and then you go on all fours and beg others to give you oil. What could go wrong???
And if you think this is bad, wait for the consequences, wait till the cost will reflect in the agriculture products, in the transport, in everything else, then the real pain will start, better prepare which room you want to heat during winter.
Oh, and regular here is still €1.4 diesel a bit cheaper at 1.37.