Tuesday, August 19, 2014

What the Energiewende is Costing Germany

BMW knows the way to Carolina.
Some interesting thoughts about Germany's Energiewende from John Hulsman in The Telegraph (emphasis mine):
Third, wholly botched energy reforms, wherein Germany abruptly turned away from nuclear power without putting anything economically sustainable in its place (instead touting that some day, somehow wind and solar will make economic sense) has left the country at a permanent, seemingly long-term economic disadvantage that simply cannot be overcome. German energy prices are fully three times as high industrially as those of their American competitors. As I say to my somewhat nervous German colleagues, "You are all talented, but you are not three times more talented than the Americans."
As I've said before, we've seen other marriages of German engineering and American muscle that seem to have worked out just fine. Why not come to South Carolina, Georgia or Tennessee, where new nuclear plants are being built right now and the electricity is reasonably priced?

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