
MacroVoices #345 Daniel Lacalle: The Situation in Europe is Worse Than You Think
Macro Voices
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Wind and Solar Are the Only Options
As the world develop nations shift the energy mix to a larger proportion that is based on technologies that are volatile and intermittent the cost of the system rises dramatically. Natural gas was sort of the the gel that kept all of this more or less in an acceptable level for level for the consumer until it became too large. Not even natural gas works as the as the gel to that process of transition, he says. "It's a very difficult process only because it's pre-designed politically"
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