Europe has handed hundreds of billions of dollars in GDP to China and SE Asia by being the first to jump off the climate change cliff. Their energy costs have skyrocketed while China and India burn more and more coal. 2024 saw more coal burned globally than any year ever. 2025 will see more still, and then 2026 will set another record. Industry will continue to move from Europe to China and SE Asia because of the critical nature of energy inputs.
25 years form now European countries will be second class countries economically because of their insane go at it alone energy policies of the early 21st Century. Fortunately, Natgas (clean burning) abundance from the emergent shale E&P industry explosion has saved America from the same fate.
25 years form now European countries will be second class countries economically because of their insane go at it alone energy policies of the early 21st Century. Fortunately, Natgas (clean burning) abundance from the emergent shale E&P industry explosion has saved America from the same fate.
