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94 sats \ 4 replies \ @Undisciplined 19 Nov 2024 \ on: Europe: Stagnation and Inflation While BoE Gives Path To Lowering Rates econ
Why is energy getting more expensive in Europe, when it's getting cheaper in America?
Energy is supposed to be fairly fungible.
- We dont have any energy sources on our own
- Pricing power at the other side is growing
- With its green subsidies for nonsensical parasitic energy infrastructure and capacities we are paying to keep unsustainable caps on the grid
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I was mostly thinking about that final point. Are Europeans anti hydropower?
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I think the topography doesn't allow to operate many of these plants
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Water everywhere, but not a drop to drink.
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