The Situation in Europe is BAD

[dan_s]

What's happening in Europe today is a preview of what will happen in the US if we don't have a more realistic energy plan.

https://www.zerohedge.com/personal-fina ... loyds-bank

Higher fuel and home heating costs are a TAX on the middle class. In the UK energy costs have increased by 25% for the average family and they are rationing gasoline.

EIA's recent long-term (30 year) forecast for global energy consumptions predicts that total energy demand will increase by 50% from 2020 to 2050. There is little chance that oil, gas and coal production can grow that much or that fast. This world will need more wind, solar, hydro and nuclear energy, but we need a BALANCED energy plan. Otherwise the number of people living in poverty will grow much more than 50%.