Close this search box.

Up In The Air

European wind turbine companies will have to resort to layoffs because they are “all financially struggling,” according to the Financial Times. So even as European politicians say that they’d like to focus on renewable energy, there will be no growth in this sector this year. None.

That is because wind doesn’t work when there is no wind and can only ever be a supplemental form of energy. There is no math that would allow wind to power the world we have. Solar: same, no matter how much we want it.

Meanwhile, the EU is trying to force member states to purchase oil and gas in groups, which would further handicap countries that are already struggling with gas supplies. Countries are bidding each other up to buy the oil that is not sanctioned and the EU wants to force them to cooperate. The block admits that this will not lower prices any time soon.

Related Articles

Join the mailing list

Get the daily email that makes reading the investment news actually enjoyable.

Related Articles

Redacted is an independent platform, unencumbered by external factors or restrictive policies, on which Clayton and Natali Morris bring you quality information, balanced reporting, constructive debate, and thoughtful narratives.