Nationalism to Confront Globalism in Glasgow

By: - October 19, 2021

Source link


“Extraordinary, isn’t it? I’ve been hearing all about COP,” said the queen to the duchess of Cornwall. “Still don’t know who is coming. … We only know about people who are not coming. … It’s really irritating when they talk but they don’t do.” Queen Elizabeth II was expressing her exasperation at the possible number of no-shows at the U.K.’s coming climate summit in Glasgow, Scotland. Among the absentees may be Chinese President Xi Jinping, whose country generates more carbon dioxide than the U.S. and EU combined. Behind the queen’s exasperation, however, lies a political reality. 


Nations like China are discovering that meeting goals for cutting carbon emissions can stall economic growth to where the regime itself is at peril. Forced to choose between what is best for the country now and what is better for mankind in some indeterminate future, leaders are putting the needs of the nation today over the call of the world of tomorrow.


As the countdown to Glasgow proceeds, China’s energy situation is described by The New York Times:


“China’s electricity shortage is rippling across factories and industries, testing the nation’s status as the world’s capital for reliable manufacturing. The shortage prompted the authorities to announce on Wednesday a national rush to mine and burn more coal, despite their previous pledges to curb emissions that cause climate change.


           


“Mines that were closed without authorization have been ordered to reopen. Coal mines and coal-fired power plants that were shut for repairs are also to be reopened. Tax incentives are being drafted for coal-fired power plants. … Local governments have been warned to be more cautious about limits on energy use that had been imposed partly in response to climate change concerns.”


Earlier this year, Beijing had pledged to stop building coal-fired power plants outside China. But at home, Beijing is going all-out to mine and burn coal to keep the world’s greatest manufacturing plant producing and the world’s largest labor force employed. Forced to choose between fighting climate change and preventing a possible recession or depression, Xi is unapologetically putting China first.  


Nor is China the only Asian economic power grappling with an energy shortage. India, the world’s third-largest producer of carbon emissions after China and the U.S., is facing a potential power crisis. Coal accounts for 70 percent of India’s electricity generation. Yet, 4 in 5 of its 135 coal-fired power plants have critically low levels of coal inventory. With its economy picking up, New Delhi is going to be in the market for more coal to burn. Lectures about carbon emissions are likely to go unheeded.


In Europe, wholesale electricity prices have increased 200 percent since 2019, a result of surging natural gas costs driven by high demand in Asia and lower-than-expected deliveries from Russia. Most EU countries rely on gas-fired power stations to meet electricity demand. Some 40 percent of that gas comes from Russia. With completion of the Nord Stream II pipeline, German and EU dependence on Russian gas is going to rise. Is Russia, rich in fossil fuels that are still in demand, and the world’s fourth-largest producer of carbon dioxide, likely to placidly accept watching its customers move away from Russian coal, oil, and gas to solar and wind?


On Friday, U.S. oil prices hit a seven-year high amid a surge in global demand and a supply crunch induced by OPEC. West Texas Intermediate crude, the U.S. oil benchmark, climbed to $82 a barrel. Gas prices followed.


Oil is at its highest price since OPEC launched its price war against U.S. shale producers. In November 2014, OPEC stunned world oil markets by refusing to curb production amid soaring shale output. Crude prices went into free-fall as OPEC sought to drive the higher-cost U.S. producers out of the market.


Such economic nationalism raises a relevant question: Why would OPEC nations that depend on oil exports for much of their national income champion a worldwide abandonment of the fossil fuel sales upon which their regimes’ survival depends? In brief, world demand for coal, oil, and natural gas is surging, as are prices, just as the climate conference, whose goal is to reduce and eventually eliminate the burning of coal, oil, and gas, is about to meet in Glasgow. Will nations such as China, India, and Russia be willing to forgo the coal, oil, and gas upon which 80 percent of the world’s power plants currently depend, to be replaced by windmills and solar panels?


At the insistence of Sen. Joe Manchin, the heart of President Joe Biden’s climate agenda—a program to replace U.S. coal- and gas-fired power plants with wind, solar, and nuclear energy by steadily increasing taxes on the former and subsidies for the latter—will apparently be dropped from the $3.5 trillion budget bill. 


Prediction: In the long run, nationalists fighting to meet near-term needs of their constituents and countries are likely to prevail over the globalists who profess to be serving all of mankind.


COPYRIGHT 2021 CREATORS.COM

Image Credit: 


Kremlin.ru, CC BY 4.0, via Wikimedia Commons


Patrick J. Buchanan is the author of Nixon’s White House Wars: The Battles That Made and Broke a President and Divided America Forever. To find out more about Patrick Buchanan and read features by other Creators writers and cartoonists, visit the Creators website at www.creators.com.

  • RSS WND

    • Feds say state's facial hair ban for prison guards amounts to religious discrimination
      (MY NORTHWEST) – The federal government is asking a court to halt California’s enforcement of a rule requiring prison guards to be clean-shaven, saying it amounts to religious discrimination for Sikhs, Muslims and others who wear beards as an expression of their faith. The civil rights complaint filed Monday by the U.S. Justice Department says… […]
    • Feds approve 10-digit loan for nuke plant that's licensed only through 2031
      By Robert Schmad Daily Caller News Foundation The Department of Energy (DOE) announced Wednesday that it would be funding a ten-digit loan to restore a 53-year-old nuclear power plant in Michigan that, due to regulatory hurdles, may close again after 2031. DOE has committed to giving Holtec, a New Jersey-based energy company, a $1.5 billion… […]
    • California's economic woes are way worse than we thought
      By Will Kessler Daily Caller News Foundation California’s economy has been increasingly struggling over the past several years as regulations, high taxes and poor governance have dampened business opportunities and sent citizens running, according to experts who spoke to the Daily Caller News Foundation. The unemployment rate in California jumped to 5.3% in February, the… […]
    • Blackrock served with 'cease and desist' order over 'fraudulent' green claims
      By Will Kessler Daily Caller News Foundation Mississippi Secretary of State Michael Watson sent a cease and desist letter to investment manager giant BlackRock on Tuesday night over claims the company misleads clients about its involvement in environmental, social and governance (ESG) investing. The letter claims that BlackRock incorporates ESG factors into its investment funds… […]
    • Biden's illegals total more than populations of 33 individual states
      By Jake Smith Daily Caller News Foundation Immigration into the U.S. has risen so rapidly that it beat out federal projections by decades, according to a report from the Center for Immigration Studies (CIS) released on Thursday. The total number of immigrants in the U.S. rose to a record high of 51.4 million as of… […]
    • Microsoft cautions developers to avoid curvy female characters
      (NICHE GAMER) – Microsoft urges developers not to create female characters with “exaggerated body proportions” on their official site to support game devs. The site, titled “Product Inclusion Action: Help Customers Feel Seen” includes a bullet list of considerations they urge developers to make when working on their product. One Twitter user pointed out the… […]
    • London's Globe Theater slaps Shakespeare plays with 'trigger warnings'
      (THE NATIONAL PULSE) – Productions of famed Shakespeare plays such as Antony and Cleopatra, Romeo and Juliet, and Julius Caesar at Shakespeare’s Globe Theatre, London, have recently been given “content guidance” trigger warnings. These advance notices caution viewers about depictions of suicide, violence, war, and “misogynoir references” — a newspeak term fusing misogyny and ‘racism’… […]
    • World's fastest camera shoots at 156.3 trillion frames per second
      (NEW ATLAS) – Engineers at INRS Énergie Matériaux Télécommunications Research Centre in Canada have developed the world’s fastest camera, which can shoot at an astonishing 156.3 trillion frames per second (fps). The best slow-mo cameras in phones are usually working with a few hundred fps. Professional cinematic cameras might use a few thousand, to achieve… […]
    • Arnold Schwarzenegger undergoes major heart surgery
      (NEWS ADDICTS) – Fully vaccinated Hollywood star Arnold Schwarzenegger has just revealed that he’s had a pacemaker installed after undergoing three major open heart surgeries. The 76-year-old said he now has a ‘machine part’, just like his Terminator character – and has said he will have to take a break from the gym. Get the… […]
    • Columbia University probing 'Resistance 101' student event where Hamas is hailed
      (NEW YORK JEWISH WEEK) -- Columbia University is investigating a student event where speakers expressed support for Palestinian terror groups and encouraged students to back “armed resistance” against Israel. The event on Sunday, titled “Resistance 101,” was led by Columbia University Apartheid Divest, a coalition of student organizations. The two lead groups in the coalition… […]
  • Enter My WorldView