{"id":5991,"date":"2014-11-07T16:30:27","date_gmt":"2014-11-07T16:30:27","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=5991"},"modified":"2014-11-07T16:30:27","modified_gmt":"2014-11-07T16:30:27","slug":"the-madness-of-the-eus-energy-policy","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=5991","title":{"rendered":"The Madness of the EU\u2019s Energy Policy"},"content":{"rendered":"<h3 style=\"font-weight: 500; color: #222222;\"><span style=\"font-size: small;\"><a href=\"http:\/\/juniorminingnews.com\/wp-content\/uploads\/2014\/11\/caseyenergyreport.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignleft wp-image-5992 size-thumbnail\" src=\"http:\/\/juniorminingnews.com\/wp-content\/uploads\/2014\/11\/caseyenergyreport-150x150.png\" alt=\"caseyenergyreport\" width=\"150\" height=\"150\" data-id=\"5992\" \/><\/a>By Marin Katusa, Chief Energy Investment Strategist<\/span><\/h3>\n<p style=\"font-weight: normal; color: #222222;\">The stakes couldn\u2019t be higher. Vladimir Putin has launched a devastating plan to turn Russia into an energy powerhouse. And Europe, dependent on Russian natural gas and oil for a third of its fuel needs, has fallen right into his hands: Putin can bend the EU to his will simply by twisting the valve shut.<iframe loading=\"lazy\" src=\"http:\/\/trk.caseyresearch.com\/f\/?content_id=1065&amp;code=CSW&amp;editorial=the-madness-of-the-eus-energy-policy\" width=\"1\" height=\"1\" frameborder=\"0\"><\/iframe><\/p>\n<p style=\"font-weight: normal; color: #222222;\">Considering how precarious Europe\u2019s economic security is, one would have thought that now would be a good time for the EU to reassess its energy policy and address the effect crippling energy costs are having on its struggling economy.<\/p>\n<p style=\"font-weight: normal; color: #222222;\">But the EU is never going to agree to a rational reappraisal of its policies, because eco-loons like its new energy commissioner, Violetta Bulc, have taken over the asylum.<\/p>\n<p style=\"font-weight: normal; color: #222222;\">A practicing fire walker and a shaman, she\u2019s the sort of airy-fairy Goddard College type who only believes in the power of \u201cpositive energy.\u201d What will guide us in this frightening new era is, according to her\u00a0<a style=\"color: #222222;\" href=\"http:\/\/www.caseyresearch.com\/go\/ug56t-2\/CSW\" target=\"_blank\">blog<\/a>, the spirit of the White Lions:<\/p>\n<p style=\"font-weight: normal; color: #222222;\">The Legend says that White Lions are star beings, uniting star energy within earth form of Lions. The native ancestors were convinced that they are children of the Sun God, thus embodying Solar Logos and legends say that they came down to Earth to help save humanity at a time of crisis. There is no doubt that this time is right now.<\/p>\n<p style=\"font-weight: normal; color: #222222;\">With the European Commission stuffed with green anti-capitalist zealots, it\u2019s not surprising that the EU\u2019s response to the challenges of a resurgent Russia is a complete break with reality.<\/p>\n<p style=\"font-weight: normal; color: #222222;\">The EU has come up with an aggressive climate plan\u2014just like Obama\u2019s. In defiance of all logic\u2014if not Putin\u2014it\u2019s agreed to cut greenhouse gas emissions by 40% and make clean energy, like wind and solar, 27% of overall energy use by 2030.<\/p>\n<p style=\"font-weight: normal; color: #222222;\">Instead of guaranteeing the \u201csurvival of mankind,\u201d this would cause the extinction of Europe\u2019s industry\u2014unless there\u2019s a secret plan to massively expand nuclear power.<\/p>\n<p style=\"font-weight: normal; color: #222222;\">Fortunately for Europe, its leaders haven\u2019t yet lost all their marbles.<\/p>\n<p style=\"font-weight: normal; color: #222222;\">These climate goals are just a bargaining chip in the runup to next year\u2019s UN climate summit in Paris. They\u2019re not legally binding. Unless the whole world commits to an equally radical policy of deindustrialization\u2014which seems rather unlikely to say the least\u2014the EU will \u201creview\u201d its climate targets.<\/p>\n<p style=\"font-weight: normal; color: #222222;\">This is just as well. In trying to meet the so-called 20:20 target\u2014a 20% reduction in emissions by 2020\u2014Germany and the UK have already discovered that renewable energy is too costly to maintain a competitive industry. As electricity prices skyrocket, Germany\u2019s industrial giants are either having their power costs subsidized or are relocating to the US.<\/p>\n<p style=\"font-weight: normal; color: #222222;\">Both countries are struggling with the inability of wind and solar energy to provide reliable baseload power, which is threatening to cause blackouts.<\/p>\n<p style=\"font-weight: normal; color: #222222;\">The UK is putting its faith in fracking\u2014and has managed to head off any EU legislation to ban shale-gas. But Germany and its fellow travelers, who have no qualms about reverting to coal, are simply overriding the EU Commission and its zero emissions utopia.<\/p>\n<p style=\"font-weight: normal; color: #222222;\">Knowing that EU climate policy would destroy international competitiveness and crush their economies, Poland, which depends on coal for 90% of its energy needs, and other low-income countries have taken a different approach. They&#8217;ve forced the Commission to give them special exemptions from any emissions reduction plan.<\/p>\n<p style=\"font-weight: normal; color: #222222;\">Unlike in the US\u2014where Obama is taking executive action to wipe out the coal industry\u2014lignite, or brown coal, is set to become an increasingly important part of Europe\u2019s energy supply, as it is in much of the rest of the world. There are 19 new lignite power stations in various stages of approval and construction in Bulgaria, Czech Republic, Greece, Germany, Poland, Romania, and Slovenia. When completed, these will emit nearly as much CO<sub>2<\/sub>\u00a0as the UK.<\/p>\n<p style=\"font-weight: normal; color: #222222;\">Which is ironic. The UK is the only member of the EU to have been insane enough to impose a legally binding carbon dioxide reduction target intended to take it to 80 percent of 1990 levels by 2050. It\u2019s also the only modern industrial nation where there\u2019s serious talk of World War II-style energy rationing.<\/p>\n<p style=\"font-weight: normal; color: #222222;\">As you\u2019ll discover in my new book,\u00a0<a style=\"color: #222222;\" href=\"http:\/\/www.caseyresearch.com\/go\/ug59u-2\/CSW\" target=\"_blank\"><em>The Colder War<\/em><\/a>, Europe and America need to wake up. They\u2019ve never been so economically vulnerable. The time for indulging environmental fantasies and putting one\u2019s faith in White Lions is over\u2014unless, that is, you want to see Putin controlling the world.<\/p>\n<p style=\"font-weight: normal; color: #222222;\"><a style=\"color: #222222;\" href=\"http:\/\/www.caseyresearch.com\/go\/ug5uv-2\/CSW\" target=\"_blank\">Click here to get your copy of my new book.<\/a>\u00a0Inside, you\u2019ll discover exactly how Putin is orchestrating a takeover of the global energy trade, what it means for the future of America, and how it will directly affect you and your personal savings.<\/p>\n<div id=\"xvMdV95u77zU\" style=\"font-weight: normal; color: #222222;\">The article\u00a0<a style=\"color: #222222;\" href=\"http:\/\/www.caseyresearch.com\/go\/ug5xw-2\/CSW\" rel=\"permalink\">The Madness of the EU\u2019s Energy Policy<\/a>\u00a0was originally published at\u00a0<a style=\"color: #222222;\" href=\"http:\/\/www.caseyresearch.com\/go\/ug4ix-2\/CSW\">caseyresearch.com<\/a>.<\/div>\n<div style=\"font-weight: normal; color: #222222;\"><\/div>\n<div style=\"font-weight: normal; color: #222222;\"><em style=\"font-weight: 200; font-style: italic;\">Advertisement<\/em><span style=\"font-weight: 200; color: #000000;\">:<\/span><br style=\"font-weight: 200; color: #000000;\" \/><span style=\"font-weight: 200; color: #ff0000;\">Join us at CommonStockWarrants.com for the only listing and details on all stock warrants trading in the United States and Canada. All industries and sectors are represented and many opportunites for investors. Don\u2019t overlook\u00a0<\/span><span style=\"font-weight: 200; color: #ff0000;\">this unique opportunity.<\/span><span style=\"font-weight: 200; color: #000000;\">\u00a0<\/span><strong style=\"font-weight: bold !important; color: #000000;\"><a style=\"color: #1d72d1;\" href=\"http:\/\/commonstockwarrants.com\/\" target=\"_blank\">Visit our website now<\/a><\/strong><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Marin Katusa, Chief Energy Investment Strategist The stakes couldn\u2019t be higher. Vladimir Putin has launched a devastating plan to turn Russia into an energy powerhouse. And Europe, dependent on Russian natural gas and oil for a third of its fuel needs, has fallen right into his hands: Putin can bend the EU to his [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5992,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/5991"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5991"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/5991\/revisions"}],"predecessor-version":[{"id":5993,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/5991\/revisions\/5993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/media\/5992"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}