Motley Fool Money Doomberg on EU's Energy Crisis, Coal’s Future, and Nuclear Power
Apr 23, 2023
Doomberg, an anonymous team of energy experts known for their sharp insights on Substack, joins the conversation to tackle pressing energy issues. They discuss Europe's energy crisis and Germany's pivot back to coal. The guests highlight the promising future of nuclear energy, emphasizing small modular reactors in Poland and their roles alongside established larger models. They also explore Saudi Arabia's recent oil cuts and their implications for the global market, blending policy analysis with market dynamics that many overlook.
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Energy Trade-offs
- In energy policy, there are no solutions, only trade-offs between energy sources and their consequences.
- The real question should be how to generate clean energy, minimizing carbon emissions while maximizing living standards.
Germany's Energy Crisis
- Germany survived its energy crisis by delaying nuclear shutdowns and securing energy regardless of cost or footprint.
- A mild winter aided them, but their strategy remains risky, relying heavily on coal.
Coal Demand Surge
- Global coal use hit an all-time high in 2022 due to increased demand in Europe and globally.
- Developing nations, affected by rising LNG prices, are returning to coal, signaling a durable shift in demand.