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10/9/2022 5:21:05 PM
 
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Section 6: International Subject: Coal, Oil resumption in Europe Msg# 1173008
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Remember Larry Summers. He was Obama's Director of the National Economic Council and was Treasury Secretary under President Bill Clinton. On Friday’s broadcast of Bloomberg’s “Wall Street Week” Summers was very critical of Biden's moves curtailing the US energy production. Click Here
Summers said: “we made a mistake by canceling the Keystone pipeline. We made a mistake by slowing down all kinds of permitting activity. We made a mistake by being hostile as a country to natural gas." And he added “we need a different kind of energy strategy than the one that we’ve had. We need a strategy that is balanced, rather than an unbalanced strategy of total hostility to fossil fuels”. |
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For reference, the above message is a reply to a message where: Throughout much of 2022 the European countries have been placing more and more reliance on coal & natural gas to produce their energy. And much of this came before the explosions disabling the Nord Stream pipeline. Here's a series of reports: Oct 7, UK defies climate warnings with new oil and gas licenses Oct 4, Energy giants return to fossil fuels like coal as Europe braces for winter September 27, Amid an energy crisis, Germany turns to the world's dirtiest fossil fuel September 22, UK government lifts fracking ban despite opposition July 10, Europe’s Rush to Buy Africa’s Natural Gas Draws Cries of Hypocrisy June 24, All the European countries returning to ‘dirty’ coal as Russia threatens to turn off the gas tap June 15, Which Countries Are Ditching Russian Fossil Fuels? March 14, Germany and the EU remain heavily dependent on imported fossil fuels This raises the question whether Biden would switch his policy of curtailing US oil production, which is one of the major forces driving the US inflationary spiral. |
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