Skip to comments.Romantic Germany risks economic decline as green dream spoils (slow economic suicide)
Posted on 09/13/2013 6:29:32 AM PDT by dead
Germany is committing slow economic suicide. It has staked its future on heavy industry and manufacturing, yet has no energy policy to back this up.
Instead, the country has a ruinously expensive green dream, priced at 700bn (£590bn) from now until the late 2030s...(snip)
The likelihood is that Germany will start to lose its economic halo soon, de-rated like others before it...
Chancellor Angela Merkel tied a deadweight around the ankles of her country when she suddenly - and flippantly - abandoned her nuclear policy after Japans Fukushima disaster in 2011. This has forever changed the way we define risk, she said at the time. Its over.... (snip)
The assumption was that Germany would gain a first-mover lead in renewables, reaping the reward later. They overlooked the Chinese, who copied the technology. Chinese firms gouged the German home market with the aid of cheap labour, a cheap yuan, cheap state credit and a global trade system that let them get away with it...(snip)
In the end, it is wind from thousands of turbines in the Baltic - generating 25,000 megawatts (MW) by 2030 - that is supposed to power Europes industrial heart. This is an astounding gamble. As of today, barely 300 megawatts of offshore wind capacity is in place. The cables across the country do not exist. (snip)
Electricity prices are twice as high as in America. Natural gas costs are four times as high, forcing the chemical giants of the Ruhr and the Rhine to decamp across the Atlantic. BASF is building its new site for emulsion polymers in Texas, the latest of a 4.2bn investment blitz in the US.
(Excerpt) Read more at telegraph.co.uk ...
It is a perfect example of letting your country's leftists make big decisions based on their feelings and wishes rather than sound economic analysis.
This is not the first time that Germany has made a huge strategic blunder.
We should have NUKED these Kraut BASTARDS in 1945!
Remember with Ambrose, everything he says is made up on the spot. All quotes are fabricated, all sources are fictive. Take everything with a block of salt.
The Euroweenies are trying, right now, to get the UN to issue “carbon credit penalties” agains the US.... to help equalize our energy costs.
They cannot continue letting us have such a HUGE advantage in energy cost.
North America is awash with cheap, abundant energy. The only thing the US lacks is the will to utilize this resource.
It just might make sense for Japan,for example,to shut down her nuke plants.I'm no nuclear power plant engineer but it seems to me that a major earthquake zone might not be a good place to build a nuke plant.If that suspicion is correct then perhaps the West Coast of North America might also want to avoid nuke plants.But Germany,IIRC,isn't an active earthquake zone and isn't susceptible to tsunamis.
It’s high time someone called out Dr. Merkel’s hypocrisy on this issue - she knows better. The combination of Euro-socialism and the influx of non-integrating new citizens from the East following reunification are tearing Germany apart. Like the US, the traditionalist are being overrun by the ruling class who is smarter than the rest. Smart enough in this case to trash their high efficient nuclear power industry in favor of a leftists green dream.
Per the article they are sending manufacturing (jobs) to the United States (of which I am grateful). We need to make sure that the lunatic left does not strangle our energy supplies like they've done in Germany. Obama and crew certainly are trying their best (Keystone pipeline; shutting down Coal; stopping drilling where ever they can) -- but they need to be stopped. The Fracking industry has provided a good end run -- but the Left is trying to stymie that work as well.
Under the claims of trying to save the environment, they are actively working to get everyone to be enslaved to the Government -- i.e., no jobs, no independence, complete reliance on a welfare check.