No wind in Europe! Credit Wikipedia.
Shortage is quickly becoming the new buzzword around the world thanks to Corona. Truck drivers in Europe are being offered astronomical hikes in salaries as supermarket shelves become empty. In the UK the government wants to make the driving test for truckers easier so it will be more appealing to younger people! Inflation in Europe and the US is beginning to spike as more and more outlets suffer shortages. In California last month and Spain this month both suffered aviation fuel shortages causing problems for the fire services as they attempted to put massive fires.
As climate chaos escalates many farms are suffering. Many areas worldwide are suffering a shortage of rain, while other areas are being flooded, however, there are now, numerous reports around Europe of a lack of "wind!" Yes, wind. The shortage of wind is affecting wind turbines which in turn is sending the price of electricity sky high.
A lack of wind!
The possibility of power outages throughout Ireland has increased due to power generating units being offline, along with a drop in winds powering electricity-generating windmills. The news follows Ireland's Single Electricity Market Operator issuing another amber warning "due to a generation shortfall". The warning meant that there was enough power to meet current consumer demands, but not enough in reserves in case of unexpected problems.
Additionally, a number of other power generators were unavailable or had reduced capacity, while normal support from Britain through the East-West Interconnector was lessened due to their own diminished supplies. Meanwhile, Ireland was forced to halt transmission via the Moyle Interconnector, which usually exports electricity from Northern Ireland to Scotland.
Electricity prices across Europe are near record-high prices. In the wholesale market, an auction for UK intraday power prices reached $2,766 per megawatt-hour from noon to 12.30 pm, nine times higher than prices at 8 am. In Spain, electricity prices rose 7.5 percent to a record $180 per megawatt-hour, and in France, the benchmark power price for delivery next year rose 2.2 percent to a record $117 per megawatt-hour. Ireland's latest amber warnings follow concerns that Ireland might not be able to generate enough electricity to avoid power cuts when consumer demand increases ahead of the winter.
The dreaded inflation pandemic!
Yes, as the world suffers shortages which are inevitable during a pandemic there is a dark and sinister " third horse, black as night, carrying a rider who holds aloft a pair of scales he is the one who will bring famine to the world.
Inflation can cripple the most powerful of nations and bring a country's entire economy to a grinding halt in just a few hours causing panic and a run on the banking system. The German Weimar Republic effectively collapsed after the value of the mark went from around 90 marks to the US dollar in 1921 to 7,400 marks to the dollar in 1921.
In Zimbabwe between 2008 and 2009, the monthly inflation rate was estimated to have reached a mind-boggling 79.6 billion percent. I remember back in the '70s, the UK economy rose by a massive 25%, causing general strikes, riots, protests which ground the country to a halt. Unemployment rocketed and GB nose-dived into a recession that lasted more than a decade. The US and much of Europe suffered too and all the signs are it is about to happen again.
A brief look back at the '70s in the UK, warning, noise, and cussingxx