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folly too much government

Europe Goes Dark

If you prevent countries from using the most reliable fuels for making the electricity that lights the lights, elevates the elevators, and powers all other powered things, what would be the likely consequence?

Not, I think, to make the power grids more reliable.

The power companies say they don’t know why almost all the power went out recently in Spain and Portugal and in other parts of Europe.

No indication so far of cyberattack or other sabotage. 

Red Electrica, Spain’s state-run electricity network, points to a “very strong oscillation” in the network causing the Spanish system to disconnect from the European system. Portugal’s grid operator says that the oscillations had to do with extreme temperature variations.

Spain’s electrical network now relies almost entirely on “renewable” sources of energy, “green” energy, anything but fossil fuels. (Actually, no energy is renewable; in usable form it’s gone the instant you use it. And it all comes from nature, including gas and oil.)

On April 16, Red Electra, eager to “curb the climate crisis” (weather), reported meeting all electrical demand using “renewable” sources of energy, mostly solar (60 percent).

Some have pointed out that solar and wind power don’t provide the inertia generated by the massive turbines of “traditional generators, like coal and hydroelectric plants or gas turbines.” And so the power grid becomes much more vulnerable to disruptions and oscillations, no matter the cause.

My theory is that the more ways you hobble yourself, the more likely you are to become hobbled. 

This is Common Sense. I’m Paul Jacob.


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folly too much government

Borrow It Forward

The consequences of borrowing to fund welfare states have been getting more obviously destructive. In the European Union, the fates of governments with still a few years to go to pay the piper are tethered to the fates of even more wildly profligate states.

Yet the solution most EU officials propose, aside from more tax hikes, is to lend and borrow even more. Whole governments go on the welfare roll. The countries delivering the loans in turn “borrow” from their own unwilling citizens.

When will it end?

Maybe never, if the precedent being pondered by the innovative government of Portugal is implemented and gains traction.

A court there has ruled that it’s unconstitutional for Portugal to save money by cutting the salaries of government employees. (Perfectly all right to hike taxes, though.) So the government is thinking of end-running the decision by paying workers part of their salaries in treasury bills instead of the usual funny money.

The logic is stunning. Obviously, we can pay everything we owe just by issuing IOUs! Not since Rumpelstiltskin wove straw into more straw has anybody fashioned something this magical.

Nobody need ever go bankrupt again so long as we all keep issuing IOUs to vendors and creditors. All the bad consequences of bad practices will maybe just disappear through this expedient! Incredible!!!

Maybe I’ll call up my credit-card company to explain how this works. Once I figure it out myself, that is.

This is Common Sense. I’m Paul Jacob.