Re-Blogged From Stratfor
We would not be doing our jobs correctly if we only forecast the year ahead. Quite simply, we must be rigorous in examining the past, and that means taking a hard look at how well we did in determining the major trends of the year gone by. In every respect, 2017 was particularly unique because of the questions — and alarmism — surrounding the inauguration of U.S. President Donald Trump. Would the world see a dramatic warming of U.S. relations with Russia that would leave many Western allies in the lurch? Would a massive trade war break out between the United States and China? Would the Iran nuclear deal be torn up? These were all questions we sought to address as we pondered the changing dynamics of the global system. What follows are some of our key deductions, alongside honest appraisals of what we got right and wrong.
By Larry Kummer – From the Fabius Maximus website. With enhancements by Anthony Watts
Summary: After decades of promises about its potential, the window of opportunity is closing for nuclear power. Hated by the Left despite its carbon-free generation of electricity, their opposition plus decades of utilities’ screw-ups have weakened it. New energy tech — renewables and fracking — appears to be finishing it off.
For example, Rancho Seco Nuclear generating station:
The plant operated from April 1975 to June 1989 but had a lifetime capacity average of only 39%; it was closed by public vote on 7 June 1989 after multiple referenda that resulted from a long record of multiple annual shut-downs, cost over-runs, mismanagement, multiple accidents that included radioactive steam releases, re-starts after unresolved automatic shut-downs, and regular rate increases that included a 92% increase over one 3 year span.
Re-Blogged From Stratfor
- In 2018 the European Union will try to close the free trade agreements it has been negotiating in recent years and to sign new deals with additional countries.
- The European Union will continue pressuring Russia to cooperate on a solution for the conflict in Ukraine but will be reluctant to increase its sanctions on Moscow.
- Initiatives to cooperate with the countries migrants hail from and travel through will be easier to approve than will plans to reform the bloc’s rules on migration.
Re-Blogged From worldview.stratfor.com
- Negotiations to form a German government collapsed Nov. 19, opening a period of political uncertainty as leaders try to form a minority government or even seek new general elections.
- Prolonged political uncertainty in Germany will complicate France’s plans for eurozone reforms and delay discussions about financial and institutional reforms for months.
- The situation in Germany could also delay negotiations about the United Kingdom’s future ties with the European Union.
(ODD ANDERSEN/AFP/Getty Images)
By Alasdair Macleod – Re-Blogged From http://www.Silver-Phoenix500.com
Every now and then, there’s a rash of commentary on national productivity. And for the British, productivity is all part of the Brexit angst, with the OECD, the Treasury, the Bank of England and Remainers all saying the average Brit’s poor productivity just goes to show how much they need the certain comfort of being in the EU. As Hilaire Belloc put it, we must hold on to nurse, for fear of something worse.
Only this week, the OECD came out with a paper repeating its disproved nonsense about the economic consequences of Brexit, even recommending Britain should hold a second referendum to reverse the Brexit decision. To back up its analysis it claimed Britain’s labour productivity is at a standstill, while that of France, Germany the United States and the OECD averages are all improving.
By Ken Haapala
Brought to You by www.SEPP.org – The Science and Environmental Policy Project
Quote of the Week. “Were it not rational behaviour based on irrational government policy, this deliberate elimination of an essential service could only be described as a form of economic self-harm.” Tony Abbott, former Prime Minister of Australia
Challenging Green: On October 9, former prime minister of Australia Tony Abbott gave a noteworthy speech at the annual lecture of the Global Warming Policy Forum. Abbott is the former leader of the Liberal Party of Australia, classical liberal. In his speech, Abbott challenged the false “climate consensus” and false belief accompanying it that solar and wind power can replace fossil fuels for reliable electrical power generation. Abbott’s speech indicates he now understands the delicate balance required to keep the grid operating.