Further to My "5 Pillars of the New Financial Reality"

#3 of my 5 pillars of the new financial reality contained the tidbit noted in bold below...

3) Global Warming Is Dead - From a policy perspective that is.  The climate will do what it does but there ain't gonna be a re-ordering of the global economy cooked up by the warmists.  If you've been scared out of energy investments by the incessant bleating of global warmists, you've got to get back in.  The world needs energy and it can't afford phony energy, so get invested in energy that works.  So don't invest in solar or wind or any of that garbage (if any of it does turn out to actually work, the Exxons of the world will wind up owning it ultimately anyway).  Furthermore, those in thrall to the religion of climate change will wake up; expect Europe to drastically improve its competitiveness by jettisoning decades of wrong-headed warmist policy.

Along those lines, I present this.

Europe’s green energy dream has become a green energy nightmare to some, as renewable energy subsidies have driven up power prices for households and businesses.

This led one German newspaper to claim that electricity has become a “luxury good” in the country and Europe’s top energy CEOs are warning that renewable subsidies could lead to continent-wide blackouts.

“Most of the European countries are scaling back their subsidies because it’s crushing them,” said Thomas Pyle, president of the free-market Institute for Energy Research.