Demonize..

 

Europe wants cheap and abundant energy, but politicians demonize nuclear, gas, and oil. All the interventionist proposals that are put forward by European politicians entail a higher cost for long-suffering consumers.

Natural gas flows all the time and is cheap and abundant. It cannot be substituted with renewables that are intermittent, volatile, and unpredictable. 

The example of Germany is clear. After investing massively in renewables and doubling bills for consumers, it depends more on lignite coal and Russian gas to guarantee supply. 

Germany has had to reactivate coal plants after spending more than $200 billion on subsidies and renewables!

All technologies are necessary, and renewables are key, but they are not the alternative because they need natural gas backup while the technology is developed, as it is still in its infancy.  

All the "magical" alternatives that interventionism sells mean going from depending on Russia to depending on China. Where are we going to get the silicon, aluminum, rare-earths, copper, lithium, etc. necessary for those massive magical investments announced?

Demonizing nuclear energy has left Europe in the hands of expensive and volatile alternatives. The energy transition must be considered with an understanding of the importance of security of supply and competitiveness. We need all technologies, without ideological bias. We need solar, wind, natural gas, hydro, oil, and nuclear, or we will go from crisis to crisis, and always pay more.