STT followers may wonder at our recent focus on Germany. The reason we pick on Deutschland is simply that – in making any point – it’s best done with examples. Readily identifiable examples. But that doesn’t mean the scenario in question is one worth following. Oh no.
There are plenty of bad examples, used as a warning to the foolhardy who might, through youthful inexperience or inherent stupidity, be trundling along the same pathway to disaster.
Germany, as a country that has spent more than €200 billion on its Energiewende and, thereby, sent its power prices through the roof and its meaningful industries packing, provides just such an example.
New York’s Wall Street Journal has run the ‘wind is free’ line long enough to tar it with the wind-cult brush. However, in this piece it appears to have finally woken up to the wholesale energy fiasco that led to German behemoth, BASF “choosing the US for its largest single investment ever, a $1 billion propylene factory in Freeport, Texas, to take advantage of low energy costs” and “BMW and SGL Carbon, which produces carbon fibers for BMW’s lightweight E-series electric cars, built their latest $300 million carbon fiber plant in Moses Lake, Washington, because of competitive energy costs”.
And which has China salivating at the prospect of exporting affordable hydro, nuclear and coal-fired power to power-starved Germans over ultra-high voltage transmission lines.