"The problem is that countries get accustomed to a certain level of income, and then spend," says Edward Chow, a senior fellow at the Center for Strategic and International Studies. "It seems like a windfall at first but when it lasts long enough you get used to it."
"It's a policy that hasn't worked for a variety of reasons. Energy prices are increasing because of the policies they've put in place with extremely generous [renewable] energy subsidies. It's had all of these not only unintended consequences but the opposite consequences they were aiming for," said Edward Chow, senior fellow in the energy and national security program at the Center for Strategic and International Studies.