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Fisherman Gets Inked In The Face By A Squid

Right in the face

newtboy (Member Profile)

newtboy (Member Profile)

enoch (Member Profile)

radx says...

The December update highlighted an issue that has been driving me insane for years now, an issue that makes me want to punch my fellow citizens right in the kisser for not looking beyond the facade.

His illustration of the price you pay for a t-shirt can be applied, without alteration, to our energy sector in Germany. The old, centralised infrastructure, primarily coal/gas/nuclear power plants, were subsidized heavily over the years, both directly through interest-free public loans and the privatisation of the energy grid as well as through indirect means, such as tax/insurance exemptions, R&D financing. Hell, the clean-up at Sellafield in the UK alone is expected to cost just shy of £100B. All this outsourcing of costs made it possible to keep the price of energy comparably cheap.

Meanwhile, all the subsidies for renewable energy are added on top of the energy price for consumers. No smoke screens, no outsourcing, no legacy costs. You get the price tag on your energy bill. A decent level of transparency, at last. But now people get pissed at the high prices of energy and demand a stop to the renewable energy program, which ironically pushed prices to a record low on the energy exchange. On-shore wind and solar are now cheaper than heavily subsidized coal and gas. My home town in the middle of nowhere generates wind power at 0.08€ per kwh, all year long, with minimal operating costs. Even solar works splendidly, despite the abysmal central European weather.

I think I might just try his Walmart explanation on some people, it's much easier to understand.

So cheers again for pointing out this wonderful series of lectures.

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