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Doomberg on EU's Energy Crisis, Coal’s Future, and Nuclear Power

Motley Fool Money

The Streisand Effect: How Europe Chooses to Muddle Through the Winter

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Coal use will hit an all time high in 2022, both because of increasing use of coal in Europe, but also because of increased coal use on a global basis as Europe bid up liquefied natural gas prices. There's no amount of self-imposed carbon reductions that the Western world can implement that will offset what the developing world is going to do. And who are we to tell four to five billion people that they should not develop their own standard of living and that they should allow us to live on the top of the totem pole while they struggle and muddle through? It's simply not going to happen.

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