Andrew McKillop: Death Cross Mix for European Energy : No Future

Tallbloke's Talkshop

Guest post from Andrew McKillop

Death Cross Mix for European Energy : No Future
by Andrew McKillop 29-03-2014

EU-sinkingPlay With the Toy Until it Breaks
Commentators have begun to focus on the “moving average” of always-unrealistic energy policy and programs in the European Union, easily finding that they signal a “bearish outlook” for future energy supply in Europe – but certainly not for energy prices.  In fact not only the poster child victim of the EU’s mix and mingle of often-extreme policies – electricity, but also increasingly gas and then oil – faces a supply outlook that almost inevitably has to be down. This is despite, or because of, ever-rising energy prices, led by electricity price rises! Prices are driven up by a death cross convergence of political, economic, financial, technical and even cultural “life style” factors. In the poster child country for European “energy transition”, German household electricity prices…

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