By Christopher Monckton of Brenchley via /wattsupwiththat.com
Douglas Pollock will be known to many readers here as a regular and popular speaker at Heartland conferences. After several years researching the effect of unreliables on electricity grids the world over, Douglas has discovered a truly fascinating scientific result.
He had been looking at nations such as Britain, whose government has gone further towards reducing the economy to third-world status by its unhinged nut-zero policies than any other. As a direct result of this fatuity, Britain now suffers the costliest electricity prices in the world.
The manufacturing industries in which we once led the world have died or gone overseas to Communist-led China, India and Russia. Manufacturing now accounts for just 8% of Britain’s already-imploding GDP. The workshop of the world has become its workhouse.
Industries large and small are going to the wall at a record rate, wrecked by the endless hikes in electricity prices whose root cause is the enforced and pointless shuttering of long-amortized and perfectly viable coal-fired power stations that used to produce electricity at only $30 per MWh, and their replacement with wind and solar subsidy farms producing intermittent and unreliable electrical power at anything up to $11,500 per MWh.
What is more, this disastrous industrial and economic collapse has been deliberately precipitated by a once-Conservative “government” that has long abandoned the no-nonsense economic realism and free-market ideals of Margaret Thatcher and Ronald Reagan.