Image by Vilius Kukanauskas from Pixabay
By Jo Nova
The US Threatens to withdraw from the International Energy Agency (IEA)
The IEA is a Blob Agency living off the hard earned money of largely Western taxpayers. It was set up during the Oil Crisis in 1974 to advise its 32 member states on oil reserves. Like all Blob creatures it expanded, and now advises on all energy sources, including advocating for the unreliable and fantasy options. Every year it issues the World Energy Outlook, and tells us that coal has peaked and is about to decline. And every year, it’s been wrong.
Chris Wright, the US Secretary of Energy slammed the IEA (International Energy Agency) and threatened to withdraw US funding (which is about $6m of the total $22m). The US government wants the IEA to get back to their core mission and stop pushing Net Zero.
Chris Wright speaks the blasphemy that The Blob will not say:
“There is a 0% chance of the world hitting Net Zero by 2050.”
By Energy News Live
He said: “This organisation has been pushed off course, and for five years published energy scenarios going forward, none of which had any relevance to reality.
“They were all just based on climate ambitions, politics, local domestic politics, do whatever you want.”
He claimed governments have spent around $10 trillion (£7.9 trillion) pursuing net zero policies only to add roughly 2.6% of wind solar and battery power to the global grid, while pushing electricity prices sharply higher.
Lordy! Imagine an international conglomerate Blob organization being accountable to those who fund it?
Naturally the EU rushed to defend the IEA. It was a “trusted pillar of the global energy community”. (The Blob always serves The Blob). But Chris Wright pointed out that the EU could continue “to become former industrial powers” but he didn’t think that was a great choice.
All bureaucratic Blobs are destined to grow until they are One World Government. Yet there is no accountability unless our elected representatives demand it before they hand over our cash.