The trade journal OilPrice.com carried an Oct. 2 article ridiculing the European Union leaders for pushing to shift back toward coal-fired energy after shutting down two-thirds of coal plants in the bloc and abandoning less expensive natural gas from Russia. Now, with Europe depending on gas and “renewables” to get through the Winter, the price of electricity from liquified natural gas (LNG), primarily from the United States, has gone high enough that domestic coal is cheaper for the first time in years, and is expected to remain cheaper through 2028. But the few remaining coal-fired electric plants limit what they can do, so Europe is heading into its third Winter energy crisis in four years, according to the trade publication. This contrasts sharply to major Asian nations of ASEAN, like Indonesia, which have developed coal capacity to continue as the baseline power source for their industrial growth.
Collapsing Imperial System Public
Europe Hit for Contradictory Energy/Deindustrialization Policy
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