So, Europe, How's That Whole Net-Zero Thing Working Out for You?

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Chris breaks down Europe's latest energy disaster, where reliance on renewables led to widespread blackouts across Spain, Portugal, France, and Greece. He skewers the "atmospheric anomaly" excuse, exposes Germany's failed green energy investments, and warns why America must learn from Europe's mistakes by ramping up real power production — fast. Nuclear, gas, and common sense must lead the way if the U.S. wants to stay competitive and avoid the same collapse. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
So you're ap, how's that a whole net zero thing
working out for you?

Speaker 3 (00:22):
Oh? Boy? Again?

Speaker 2 (00:25):
It was funny were they were in full uh cover
your book talks mode yesterday in Europe claiming that there
was some atmospheric anomaly that caused widespread blackouts in Spain, Portugal,

(00:45):
some of France, parts of Greece, here there and everywhere.
That's almost like the uh what was that from men
in black where they put the little light thing in
front of them when they saw aliens.

Speaker 3 (00:55):
It was swamp gas. Yeah it was. Yeah, it was
an atmospheric and.

Speaker 2 (00:59):
I'm sure yeah, as we reported, they were all patent
themselves on the back. Yes, we are fully renewable in
Spain and uh, well, g whiz, I guess the solar
that you installed resulted what they're saying, too little inertia,

(01:23):
making the whole entire system very very vulnerable. And what
we're reading right now is they came very very very
close for basically all of Europe being in the black.

Speaker 3 (01:40):
You want to talk about net zero, Yeah, you've got
net zero. You've got nothing.

Speaker 2 (01:45):
You've got no electricity for the entire continent. Again, you know,
this is going back to what I was saying before.
This is how you sell companies to set up shop
in the United States. We need I mean, we're not
even clearly we don't have nearly enough power plants here,

(02:07):
especially with all of the data centers and the myriad
of different things that are being put together in regards
to tech. We got to start building. We need nuclear
power plants everywhere. We need gas fired plants everywhere. We
need to do this because guess guess who's outbuilding us
on this China?

Speaker 3 (02:29):
China.

Speaker 2 (02:29):
You want to attract more businesses here to the United States.
You want more manufacturing here in the United States. Well,
you know what, you want to make one of their
one of their input costs really really low. Well, yet
build more power plants. So other interesting story, and this
is in regards to Germany. Germany has invested so many

(02:50):
hundreds of billions of euros in its green energy transition
over the years that no one can tally the precise
amount you have to share a wind and solar power
in the country's energy mix in the first quarter managed
to fall, managed to fall. Renewable sources made up some
forty seven percent of electricity consumption. Again, that's down from

(03:15):
fifty six percent. And this is despite the fact that
they have to continue to continue to build out renewable generation.
Guess what, guys, February in.

Speaker 3 (03:29):
March, Oh, it wasn't windy. Wasn windy? Shucky?

Speaker 2 (03:39):
Darn geez. When when you overly rely on wind offshore,
on shore not good? Oh you know what too, there
wasn't a lot of rain either. Geese hydro power underperformed.
They got a little bit of a boost because it

(04:00):
was sunnier, so solar output was up a little bit.

Speaker 3 (04:05):
But it's Germany for crying out loud. There is short
daylight hours for crying.

Speaker 2 (04:11):
Come on people again, listen. It's their religion over in
many places in Europe. It's what they've sold on, and
you know they're reckon themselves.

Speaker 3 (04:25):
Their loss should be our gain.

Speaker 2 (04:28):
We shouldn't make it China's gain, which is why we
really need to get to step in when it comes
to building out more power in the United States watchdog
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