LNG vessels [image credit: offshoreenergytoday.com]
Who knew? Just as night follows day, replacing on-demand power generation with intermittent sources can and does cause reliability and other issues of varying severity. Preferring imported gas to domestic sources was another avoidable mistake, leading to far more of the supposedly fearsome CO2 emissions than necessary. The climate excuse is wearing thin.
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The UK will be scrambling for highly expensive gas imports to meet its energy needs this winter to stave off blackouts whenever the wind doesn’t blow, warned a leading energy expert.
Ole Hansen, head of commodity strategy at Saxo Bank, told City A.M. that the intermittent performance of domestic renewable power is proving costly for the West.
He argued the country lacks a reliable alternative base-load of power aside from highly expensive natural gas.
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