Expanding the Legacy
Tag: Energy
5 Posts
Germany Prefers Coal over Nuclear
At about the same time Germany shuttered its last three nuclear power plants, five lignite-burning ones were recommissioned. In another disconcerting sign of times past, earlier this year in North-Rhine Westphalia, energy producer RWE Power began dismantling a wind farm to make way for the expansion of an open-pit lignite...
President Putin Turns the Screw
This is perhaps not the time to tell the Germans ‘told you so’ as the nation deals with the fallout of the now disproved premises of its unfortunate energy policy. Not only has Germany’s dependency on Russian natural gas turned out to be a geopolitical miscalculation of almost epic proportions, its much touted and hastily executed ‘Energiewende’ compounds the present-day challenges to the point of intractability.
EU Battles String of Calamities
It’s about the only thing missing from a world in turmoil: France going haywire and off the rails. The solid showing of Marine Le Pen at last Sunday’s polls gives plenty of cause for concern. More moderate in her policy proposals and promises than five years ago, Ms Le Pen may no longer seek to extract her country from the European Union Now, she merely aims to undermine it.
Casting Russia Adrift
In a matter of days, Russia was unceremoniously cut off from the global financial system. Credit and debit cards stopped working, as did Apple Pay and a host of other services. Both Visa and Mastercard blocked Russian financial institutions from accessing their network.
Africa Seeks to Cash in on Energy Crunch
Already jittery markets, largely without direction, are braced for a near-perfect storm as central banks taper their bond buying spree and shelling across the ‘line of separation’ in Ukraine intensifies – a possible presage to an all-out war on a scale not fought in Europe since World War II. Meanwhile,...
