more expensive here as well. ideally they would like to restrict the supply. what is happening in europe right now is terrifying. european union labor commissioner nicholas schmidt on sunday warned there are already millions of people in europe not able to heat their home sufficiently and this number could rise further. i have another question is what happens when the wind doesn t blow. bloomberg notes low-speed reduced output and they cite years of lower investment in oil and gas. whose fault is that? europe is now finding itself unable to affordably heat their homes, the eurocrats just run things, and all twisted. the french transport minister actually bragged about eliminating travel options for travelers. france got a lot of attention
seaboard. joe biden in his town hall this week said he really had no answer to the rising gas prices, but he said it s gonna get difficult but just wait. in three or four years as we move to my climate policies, it s gonna get better. paul, it s completely wishful thinking. and you ve got to wonder how we got to the point where climate became more of a base system as it clearly is than a public policy initiative. they ve gotten themselves way out ahead on renewables. there s no way to store that electricity. they don t have a solution for what happens when the wind doesn t blow or the sun doesn t shine, and here we are with gas prices, energy prices rising and russia and iran in the cat bird seat. paul: kim, there s a line that says, look, gas prices will go down eventually, just wait on
happens then? exactly, there is a challen . e happens then? exactly, there is a challenge with happens then? exactly, there is a challenge with storing happens then? exactly, there is a challenge with storing electricity, | challenge with storing electricity, battery technology doesn t do it. but sticky from the positive theme, there is another factor here in the north of england which makes electrolyser is, they use electricity to convert water into hydrogen. so the vision of the future is, one of these turbines, when it produces more power than usual, they can generate hydrogen, store it and burn it in turbines when the wind doesn t blow. we aren t there yet but this factory in the north of england is the biggest producer of electrolysers in the world. so more of this industry growing up around here. we don t have all of the solutions but there is movement in the right direction. that s great to hear, as you have been talking, the sky behind you has been talking, the sky behind y
doesn t blow or during the night, you have to have them backed up with gas. but because of the price discrepancy between renewables now and sources like natural gas, they have become less reliable as backup sources and you re getting the shortages of electricity in those two states. yes, this is our future now if something isn t done about it. paul: kim, the folks on the left on climate say oh, no, this is just the result of global warming, of climate change, get used to it. has nothing to do with our policies and we to double down even more on wind and solar. but what i see is you ve got to have base power. you ve got to have nuclear or coal and then you ve got to have some kind of reliable backup. i mean, natural gas isn t perfect because you have it s not as reliable as nuclear or coal. but it is it s there when wind isn t. so, i mean, is this in fact our
when the wind doesn t blow, turn off the television, darling. there s no wind. turn off the television, please, quickly. it is tremendous weight. l and g is sought after all over the world. of it than anybody else. and i m not going to lose that wealth. i m not going to lose it on dreams, on windmills, which, frankly, aren t working too well. i m an environmentalist. a lot of people don t understand that. the trump administration has targeted 85 environmental rules to roll back. and their effect is affecting everything from the air we breathe to air pollution, whether oil and gas companies are allowed to drill in our national parks. nearly two-thirds have been completed but another 32 are still in progress. we re joined on set by cal perry, correspondent for msnbc. he s been covering climate at the forefront of our coverage of the climate issue. you ve been in texas looking at natural gas. hu