How Big Green financed Putin's war

 Michael Fumento:


Europe’s Green Energy Policies Bought Russia’s War Machine 
Merkel & Co. really painted themselves into a corner by rejecting nuclear energy and relying on Russian fossil fuels.

France appears to be the main exception since it gets most of its power from nuclear plants. Europe could have been producing its own natural gas through fracking if Big Green would get out of the way.  What is it about liberals who would prefer to fund Putin's war machine than produce their own energy?  Russian natural gas is certainly no cleaner than that produced in Europe and the US.  The same goes for theri oil.

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Russia is a nation cursed with awful weather, but blessed with great poets and, more to our point, the world’s greatest fossil fuel reserves. Granted, that doesn’t directly translate into GDP size. Russia’s amounted to only $1.48 trillion in 2020. That puts it well behind Germany ($3.85 trillion), the U.K., France, and other European countries. Per capita Russian GDP ranks 68th, well below Chile.

So while Germany has been spending only 1.4 percent of GDP on it military, Russia spends 4.3 percent. That’s part of how it can have so many weapons. The other part is its export revenues.

Russia is the world’s second-largest fossil fuels producer, behind only the United States. But America consumes most of its fossil fuels itself, with more than double Russia’s population and much greater use per capita. In terms of exports, for petroleum Russian ranks second worldwide, for gas first, and for coal third. And it looks even better against the competition when you consider that even as the U.S. exports a lot of oil and gas, it imports a lot as well.
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The libs in Europe and the US have made poor choices on energy production and Ukraine is now paying the price in blood for those poor choices.

















 

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