How the Green Grinch stole Christmas

The Green Grinch attempted to steal Europe’s Christmas this year with near-zero wind and solar power generation. Soaring prices were the result. Germany’s government has now collapsed and France has yet another prime minister with only a weak mandate. Is more mayhem in store for 2025?

Bonds will sink banks and pension funds again eventually

Not many financial panics play out in slow motion. Especially when they involve banks and pension funds. But the vast losses on bonds that caused both persist.

Renewables cannot meet our exponentially growing energy demand

This year, my understanding of our energy system radically changed forever. While most people peddle a story of energy transitions, this is false.