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So-called climate policies – meaning lots of part-time subsidised renewables – and high gas prices are turning out to be a toxic economic mix in Europe. Governments find themselves backed into a corner due to their own dogmatic obsessions about trace gases in the atmosphere.

By David Wojick, Ph.D. ~

European governments are just beginning to scramble in response to the huge energy price increases hitting their voters. Confusion is the predictable result as the fear curve sharply rises.

Well most are scrambling, while a few are actually making big money on it. That would be the ones that produce gas and oil, especially Norway and Russia. They are getting rich.

In Britain it is all about tax cuts at this point. These stand to cost the government big bucks, passing the burden on to the taxpayers, who are the same people facing big energy bills, more or less. It does however shift some of the burden away from the freezing poor, which is a good thing.

At least four taxes are on the table, possibly more. Three of these actually fit the crime. These are the so-called “green levies” that come with energy bills…