Energy experts called for the U.S. to rethink its plans of adopting green energy, taking cues from Europe's energy collapse.
Investigative reporter Sharyl Atkisson caught up with experts in the United Kingdom and Germany to discuss how the energy collapse took over the climate emergency, and how the U.S. can avert such a crisis.
"Europe's Green Experiment" author John Constable was baffled by the Biden administration's refusal to focus on the disastrous repercussions of the Green New Deal.
"The experiment has been disastrous, to put it no stronger," he said. "Since around 2008, we've spent nearly $800 billion subsidizing renewable energy. The costs have not fallen. We've not got a green industry. All we've done is increased consumer costs – dramatically increased consumer cost."
Alexander Libman, professor at the Free University of Berlin's Institute for East European Studies, pointed out that it is very difficult to master the great transition under the conditions of economic crisis and with a population that will fully suffer from a possible energy deficit.
"There are simply no alternatives for gas supply on the global market Germany and other European countries can rely upon. There is no substitute," he said. "The hope is that [Russian President Vladimir] Putin doesn't stop the gas supply."
In the midst of skyrocketing energy bills and the impending cold and dark winter, European governments have been implementing policies that carry a hefty price tag of $500 billion tab and growing and ultimately billed to taxpayers.
Dimon: Going green is a fantasy that only worsened climate crisis
JPMorgan Chase CEO Jamie Dimon thinks that the U.S. "has it completely backward" in terms of cutting back the development of oil and resources in solving "climate change." (Related: JPMorgan CEO Jamie Dimon: We have it completely backwards on green energy.)
"We are not getting this right," Dimon said. "The world needs effectively 100 million barrels of oil and gas every day, and we need it for 10 years. To do that, we need proper investing in the oil and gas complex."
Like Constable, the CEO also believes that the Biden regime must learn from what Europe has experienced.
"Well, I think we are getting energy completely wrong, which is, you know, ever since the [Ukraine] war started, we've known that Europe is going to have a problem and that it was pretty predictable that Putin was going to cut off some gas and certain oil, and oil prices go up," he said in a recent CNBC interview.
In fact, he added, it made the climate worse because people had this bad assumption that high oil prices and gas prices reduce CO2. "No. Poor nations, India, China, Indonesia, Philippines, Vietnam, are turning back on coal plants, as are rich nations called Germany, Netherlands and France," he said.
Dimon also stressed that America should have asserted itself more in the oil industry following Russia's invasion of Ukraine. "We should have gotten that right starting in March," he said.
GreenDeal.news has more stories about governments around the world pivoting to green energy.
Watch the below video that reveals how the energy crisis may have uncovered corruption between energy developers and the European Union's member nations.
This video is from the Iron Age News channel on Brighteon.com.
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